Six sectors moved higher on
Friday… XLY, XLB and XLK were
the strongest sectors…XLE was the
weakest sector.
Breadth was mixed…advancers
led decliners…1.04 to 1 on the NYSE and 1.13 to 1 on the NASDAQ where decliners led advancers…
Friday
– mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
advancers led
Monday - weakened,
decliners led
SPY
up .29…volume 91.1 million shares
VIX
down .96…at 11.98…
TNX
down 1.21 at 26.02…
TLT
up 1.16 at 105.52...
XLF
down .01 at 20.81…volume 31.4 million shares
AAPL
up 5.86 at 462.54…volume
9.8 million shares
FB
up 1.50 at 38.05…volume 73 million shares
Technical Commentary:
QQQ + 0.56%, DIA + 0.20%, SPY + 0.17%, IWM
+ 0.09%.
Stocks paused on Friday after a lower than expected Jobs
Report and closed slightly higher by
the end of the day. Both the
SPX and DJIA closed at all-time highs. The
NDX was its highest close since Nov 11, 2001.
The NDX which led the broad
indexes was led by gains in AAPL, QCOM, VIAB, MSFT, BIIB, CSCO, FOXA, BIDU
and FB.
FB 38.05, +1.50% had only
its second close above $38 its IPO price.
FB on May 18, 2012, its first day of trading, closed at 38.23. Dollar volume on Friday was $2.766
billion. Big money continues to load up
on FB since its earning release on July 25.
TSLA 138, +1.81% a new
all-time high close. EPS will be out
Wednesday July 7.
Earnings announcements continue as the fifth week of earnings season begins on Monday. Chart Signals
is focusing on stocks with
announcements and stocks that have had a positive earnings reactions over the
past two weeks.
This Week Earnings of Interest
Monday – n/a
Tuesday – ADM, CAR, CHRW, DIS,
DISH, EXPD, FSLR, FOSL, LINTA, LMCA, MGM, Z
Wednesday – AGU, BOFI, GMCR, GRPN,
SCTY, SUNE, TSLA, TWX,
Thursday – AAP, FWLT, MCP, MNST, NVDA,
RAX, SGMS, SSYS, TMUS,
Friday – JRCC
Q2 Earnings Reactions
Positive Reactions – 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 – 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 and is in the upper
zone.
____________________
Setups
H Breakout: AAPL, AKAM, COST, CTSH, GILD, MNST, NTAP, NUAN,
NVDA, PCLN, WYNN, ALK, C, CIEN, CRM, ESI, F, FAS, GMCR, GS, LVS, SCTY, STI,
UAL,
Diagonal Breakout: MU, MFRM, SSYS, TLT, XONE, ZION,
Bull
Flag: ATVI, GRMN, CNX, DDD, GRPN,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BRCM, VECO,
WLT,
Moves
New Highs: BIDU, SBUX, SINA, SPLK, SPY, TIF, TSLA, YELP, Z
Gap Up: DELL, MYL, LNKD,
Gap Down: ANR,
H&D Breakout: BBBY, CSCO, QCOM, TSLA, DNKN,
Breakout Test:
Bounce: ADSK,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
51 of 100 Leading NDX stocks closed higher on Friday and one was unchanged.
Leading NDX 100 stocks included: MYL, VIAB, DELL, BIDU, BIIB,
FOXA, LMCA, QCOM, ADSK, CTRX, EXPE, CHKP
Lagging NDX stocks included:
GOLD, BRCM, LBTYA, CHRW, REGN, WDC, AKAM, STX, VRTX, XLNX, SBAC
Leading stocks > +2% on Friday included: YELP, LNKD, CLF, ZAGG, SINA, V, ESI
Lagging stocks < -2.0% included: ANR,
LDK, SOHU, HLF, TBT, MOS, VECO
Stocks to Watch on Monday
Holding Above 30 DMA= 79
TSLA, SPLS, CSCO, AMZN, DLTR,
ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, ORLY, PCAR, ROST, VOD,
VIAB, FB, LBTYA, KRFT, LMCA,CMCSA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, FOSL,
NTAP, SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV, LLTA, XLNX, ADI, ATVI, CHRW,
COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, AKAM, AMAT, GRMN,
KLAC, YHOO, AMGN, REGN, ADSK, BIDU, FFIV, MDLZ, CTRX, GOLD, QCOM, AAPL, FAST,
SBUX, MXIM, WYNN, SHLD, CERN, NVDA, BIIB, MNST, FOXA, GOOG, NUAN, DISCA, WDC,
Moving Above 30 DMA = 5
DELL
Moving Below 30 DMA = 2
MU
Staying Below 30 DMA
ADSK, DTV, SBAC, EXPE,
VRTX, SNDK, EQIX, STX, AVGO, EBAY, MSFT, BRCM, MAT, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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