Tuesday, August 20, 2013

RUT, IWM Lead Stock Bounce...NFLX, NTES, Retail Stocks, Coals Move Up...AAPL Sells Off...

All nine sectors moved higher on Tuesday…XLY, XLF and XLU were the strongest sectors…XLP was the weakest sector.  XLF which has weaker than the broad market over the past three weeks outperformed the broad market as the second strongest sector.  Strength in ZION, MS, RF, ETFC, KEY, SCHW, STT, C and BAC helped lift the sector.
 
Breadth strengthened… advancers led decliners…3.27 to 1 on the NYSE and 2.79 to 1 on the NASDAQ…
 
Tuesday – strengthened – advancers led
Monday – weakened, decliners led
Friday – strengthened, decliners led
Thursday – weakened, decliners led
Wednesday – weakened, decliners led
 
 
SPY up 0.81…volume 89.3 million shares
VIX down -0.19at 14.91…
TNX down -0.70 at 28.14…
TLT up .79 at 103.26...
XLF up .19 at 19.95…volume 42.6 million shares
 
AAPL down -6.67 at 501.07volume 12.8 million shares…bearish engulfing candle
FB up .60 at 38.41volume 57.9 million shares…close above 10DMA
 
Technical Commentary:
 
IWM +1.44%, SPY +0.49%, QQQ +0.44%, DIA +0.01%.  
 
Broad markets bounced led by IWM and SPY.  The NDX had a positive day even though AAPL weighed on the index thanks to points from MSFT, CELG, INTC, CMCSA, FB, GILD and NFLX.
 
NFLX, NTES along with coal stocks WLT, ANR, CNX and solar stocks TSL, CSIQ, FSLR and SPWR were sizzling on Tuesday.  Mattress stocks MFRM, SCSS and TPX woke up forming a MACD bullish divergence bounce.  Retail stocks ROST, SHLD, BBY, JCP, SPLS, DLTR and KKD rang the register with solid gains.
 
Short-term market posture continues defensive.
 
 
Q2 Earnings Reactions
Positive Reactions – JRCC, RAX, SSYS, TMUS, SGMS, FWLT, MNST, GRPN, TSLA, AGU, BOFI, FOSL, ADM, MGM, DSW, WPO, CNK, KORS, SATS, MGM, EAT, VIAB, YOKU, AIG, CTRX, CHK, COP, LNKD, MELI, MYL, NUS, ZAGG, CMCSA, CTRP, GRMN, HES, MA, MCHP, SODA, YELP, QCOR, FISV, BWLD, MTW, VRTX, WYNN, SWK, SBUX, ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM, RCL, HSY, UA, UAL, V,   FB, BIDU, TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY, MCO, AKS, FCX, BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY, MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC
 
Negative Reactions – CREE, MCP, GMCR, SCTY, SUNE, Z, CAR, CHRW, FSLR, LINTA, ANR, CVX, CME, XOM, K, DTV, RVBD, X, COH, DISCA, ESRX, SOHU, DLR, CERN, CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP, SWI, TPX, EQIX, ABC, CROX, ANGI, ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, BHI, AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS
 
 
Chart Signals Strategy Guidelines
When the market is trending up Chart Signals looks for support bounce and resistance breakout entries. 
 
When the market is trending down Chart signals looks for resistance pull back and support break entries. 
 
When the market is sideways in consolidation Chart Signals will look for support bounce, diagonal breakouts and pull backs at resistance where price action stays between support and resistance. 
 
Technical setups for short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls or puts.
After earnings look for bullish setups in positive reaction stocks and bearish setups in negative reaction stocks.
 
 
The Market Forecast Green Line is out of the upper zone and pointed down. 
 
____________________
 
Setups
H Breakout: FB, TSLA, WYNN, CNX, GMCR, SWI, TSL,
 
 
Diagonal Breakout: AKAM, AMGN, AMZN, ATVI, BBBY, CELG, CMCSA, COST, CTSH, ESRX, FAST, FFIV, GILD, GRMN, INTC, SBUX, SIRI, SYMC, XLNX, ALK, ATI, BAC, CRM, DNKN, ESI, FAS, GS, JNPR, RAX, STI,
 
 
Bull Flag: BIDU, MU, MYL, NTAP, NVDA, PCLN, QCOM, TXN, WDC, ANR, BBRY, CLF,
GLD, GRPN, LVS, RCL, SINA, SSYS, TBT, YELP,
 
Potential Bullish Divergence:  MAT, STX, YHOO, ANGI, FIVE, FSLR, SOHU,
 
Gap Up: 
 
Gap Down: 
 
Bear Flag:  GOOG, MNST, UNG
 
At Support: EBAY, MSFT, CREE, SCTY, SPLK, UAL, VECO
 
Moves
New Highs:  NTES, P,
 
Gap Up: BBY
 
Gap Down:  Z
 
H&D Breakout: NFLX, NTES, ZION
 
Breakout Test: 
 
Bounce: ROST, SHLD, SNDK, TSLA, CMG, CNX, JCP, KKD, LNKD, SWI, TIF, TLT, TSL, WLT, XONE,
 
MACD Divergence Bounce: SCSS, MFRM, TPX
 
Bear Flag:  
 
Support Break: PWRD,
 
______________________
 
 
83 of 100 NDX stocks closed higher on Tuesday and one was unchanged.
 
Leading NDX 100 stocks included: NFLX, SHLD, ROST, TSLA, GOLD, SPLS, CELG, REGN, DLTR, SBAC
 
Lagging NDX stocks included:  AAPL, MYL, DTV, CTSH, INTU, NTAP, DISCA, ATVI, DELL, WFM
 
Leading stocks > +2% on Tuesday included: NTES, WLT, JCP, ANR, CNX, SCSS, GMCR, FSLR, KKD, TPX, ESI, TSLA, FAS, ZION, MFRM, BBRY
 
Lagging stocks < -2.0% included: PWRD, Z, SCTY
 
Stocks to Watch on Wednesday
Holding Above 30 DMA= 28
TSLA, GRMN, PCLN, CA, VIAB, FB, CHKP, NTAP, SYMC, NFLX, BMC, FISV, ATVI, CTXS, MYL, AKAM, BIDU, FFIV, CTRX, QCOM, AAPL, WYNN, FOXA, DELL, MU, FOSL, GOLD, NVDA
 
Moving Above 30 DMA = 7
ADP, NUAN, ORLY, PAYX, ROST, SPLS, TXN
 
Moving Below 30 DMA = 0
 
       
Staying Below 30 DMA
ADSK, INTU, SBUX, SIAL, VOD, HSIC, MDLZ, ALTR, ALXN, AMGN, CELG, CSCO, CTSH, EBAY, EXPD, KLAC, LIFE, LLTC, MCHP, MXIM, SIRI, SRCL, XLNX, XRAY, YHOO, ADI, WDC, LMCA, AVGO, BBBY, CMCSA, DLTR, ESRX, GILD, PCAR, WFM, DISCA, VRSK, MNST, FAST, ADBE, COST, LBTYA, AMAT, AMZN, BIIB, CERN, CHRW, KRFT, GOOG, LINTA, SHLD, REGN DTV, SBAC, EXPE, VRTX,SNDK, EQIX, STX, MSFT, BRCM, MAT, ISRG, INTC
 
Six-Week Intermediate Term Market Trend: Neutral
10-Day Short Term Market Trend: Down

1 comment:

Twtr said...

Every financial detail related to these company’s is shaky, so what we could expect from them in the future? There was a decline recorded in the daily records.