All nine sectors moved higher on
Thursday… XLI, XLE and XLF were
the strongest sectors…XLV was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.64 to 1 on the NYSE and 2.60 to 1 on
the NASDAQ…
Thursday
– strengthened, advancers led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
advancers led
Monday - weakened,
decliners led
Friday – weakened,
decliners led
SPY
up 1.95…volume 142.3 million shares
VIX
down .51…at 12.94…
TNX
up 1.30 at 27.23…
TLT
down 2.07 at 105.36...
XLF
up .32 at 20.82…volume 34 million shares
AAPL
up 4.15 at 456.68…volume
7.3 million shares
FB
up .69 at 37.49…volume 105.9 million shares
Technical Commentary:
IWM + 1.37%, SPY + 1.16%, QQQ + 1.02%,
DIA + 0.68%.
QQQ, SPY, DIA, and IWM, all made new highs on Thursday. LNKD
reported earnings today and closed up 9.21 or
4.52. In after hours trading LNKD
is up an additional 15.70 or 7.37%.
AIG is up 2.42 or 5.14% in
after hours trading after reporting earnings. Z closed Thursday up 10.95 or 14.82% after
gapping up in the morning. YELP also
reported earnings and closed up 9.70 or 12.21%. In after hours trading YELP
is up an additional .95 or 1.84%.
CTRX gapped up
on Thursday and broke horizontal resistance of mid-June. CTRX is approaching a second
horizontal resistance of early May 2013.
It closed up 4.23 or 8.01%.
Earnings announcements continue as the fourth 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 – ESRX, MTW, SOHU, VECO,
VRTX, WYNN
Tuesday – DDD, AET, AMGN, ACI,
BWLD, COH, GLW, DISCA, FISV, MDC, NYX, QCOR, RVBD, X
Wednesday – CMCSA, CTRP, GRMN, HES,
HUM, LRCX, MA, MCHP, SODA, WFM, YELP
Thursday – ATVI, AIG, APA, ADP,
BZH, CME, CTRX, CHK, COP, XRAY, XOM, K, KRFT, LNKD, MELI, MYL, NUS, ZAGG, DTV
Friday – ANR, EAT, CBOE, CVX, VIAB, YOKU
Q2 Earnings Reactions
Positive Reactions – 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 – 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, AMAT, BBBY, BIDU, COST, CSCO, CTSH, FFIV,
NTAP, NUAN, NVDA, QCOM, SBUX, SIRI, TXN, WYNN, ALK, ATI, BAC, C, CIEN, CRM, F, FSLR,
GMCR, GS, JNPR, LVS, SPLK, SPY, STI, UAL,
Diagonal Breakout: GOOG, INTC, MNST, MU, PCLN, MFRM, SSYS, TPX,
Bull
Flag: GILD, DDD, ESI, RAX,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: DTV, WFM,
Moves
New Highs: CELG, MYL, TSLA, CMG, CREE, GME, KKD, LNKD, RCL, TIF,
Gap Up: SNDK, SINA, YELP, Z
Gap Down:
H&D Breakout: CMCSA, SHLD, PWRD, TBT,
Breakout Test:
Bounce: AMZN, NFLX, DNKN, FAS, SOHU, SWI,
MACD Divergence Bounce:
Bear Flag:
Support Break: TLT,
______________________
89 of 100 Leading NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: CTRX, SNDK, MCHP, FOSL, EXPD,
PCLN, WYNN, WDC, XBUX, REGN, DISCA, ALTR, KLAC, AYX, HSIC, MU, ROST, MNST, FOXA
Lagging NDX stocks included:
ADSK, GOLD, DTV,
Leading stocks > +2% on Thursday included: YELP, SINA, SWI, DECK, UCO, NKE, ZAGG,
FAS, LNKD, CREE, TBT, ANR, CRM, RCL
Lagging stocks < -2.0% included: FAZ,
MCP
Stocks to Watch on Friday
Holding Above 30 DMA= 75
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
Moving Above 30 DMA = 5
GOOG, MU, NUAN, DISCA, WDC
Moving Below 30 DMA = 2
ADSK, DTV
Staying Below 30 DMA
SBAC, EXPE, VRTX, SNDK,
EQIX, STX, AVGO, EBAY, MSFT, BRCM, MAT, DELL, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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