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 -0.19…at 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 501.07…volume
12.8 million shares…bearish engulfing candle
FB
up .60 at 38.41…volume 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:
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.
Post a Comment