Friday, August 2, 2013

SPX, DJIA All-time High...FB Closes Above 38...YELP, LNKD, VIAB, MYL Jump on EPS...TSLA All-time High...

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 .96at 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 462.54volume 9.8 million shares
FB up 1.50 at 38.05volume 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: 
 
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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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