Eight out of nine
sectors
moved higher on Friday…XLU, XLP and XLF were the strongest sectors…while
XLV was unchanged and the weakest sector.
Breadth weakened
as advancers
led decliners 1.52 to
1 on the NYSE and decliners led 1.15 to 1 on
the NASDAQ.
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – strengthened,
advancers led
SPY up .47 at 186.29 volume 150.8 million shares, above average volume
VIX down .04 at 14.00…
TNX up .16 at 26.58…
TLT up .59 at 108.51...
XLF up .11 at 21.70 volume 56.3 million shares, above average volume
AAPL down 1.43 at 526.24 volume 13.3 million shares
FB down .48 at 68.46…volume 66.8 million shares
Feb 28 – Weekly - YTD Performance
NDX +0.91% +2.90%
RUT +1.58% +1.67%
SPX +1.26% +0.60%
XLV +1.07% +7.22%
XLU -0.25% +6.53%
XLB +1.93% +1.86%
XLK +1.11% +1.71%
XLY +2.52% +0.01%
XLI +1.30% -0.38%
XLF +1.02% -0.73%
XLE +1.02% -0.97%
XLP +1.80% -1.47%
FB -0.19% +25.27%
NFLX +3.10% +21.04%
PCLN +2.52% +16.04%
MU -3.55% +11.22%
GILD +0.24% +10.24%
GOOG +0.99% +8.47%
BIDU -1.00% -3.91%
AMZN +4.42% -9.20%
Technical
Commentary:
DIA + 0.29%,
SPY + 0.25%, QQQ -0.10%, IWM -0.47%.
SPX and SPY hit new all-time high
NDX and RUT pull back from new highs on
Thursday
Financials
bounce to short-term resistance, poised for short-term breakout
XLI at intermediate-term resistance
XLB, XLK, XLV and XLY close at all-time high
Technically
stocks are poised to move higher with strength in Financial stocks and other
sectors. However, political uncertainty
in Ukraine over the weekend and into next week could create selling pressure in
stocks. VIX near unchanged on
Friday after volatile day. GLD in
bull flag and TLT bonds rise to resistance.
Trade with the trend of the chart
you are trading and continue to move
your protective stops. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 187.99…
QQQ = 90.43, 92.25, 94.26…
IWM = 117.37…
Support Levels
SPY = 181.85, 180.29 179.04
QQQ = 89.00, 87.74,
86.97
IWM = 113.65, 111.21
Q4 earnings season…
The majority of earnings
season is done, however there are still a few companies including DRYS, MCP, SSYS, AZO, CSIQ, HOV, CIEN,
COST, JOY, QIHU, BIG, FL, and TSL that
will report over the next few days…
Q4 Earnings Reactions
Positive Reactions – DDD,
MNST, ROST, YOKU, CRM, SHLD, ANF, TGT, DLTR, LOW, HD, M, SCTY, ZU, PCLN, DISH, INTU, AEE,
MDRX, ALEX, DTV, TSLA, GRMN, SWY, KRFT, AMAT, CTRP, NVDA, SPWR, TRIP,
REGN, CBOE, MCO, ATVI, AKAM, EXPE, GMCR, NXPI, ONNN, ORLY, SCSS, SWI,
TWX, DIS, YELP, AGNC, KORS, KEYW, IDXX, XYL, YUM, NOV, SPG, TSN,
ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU, MTW, PHM, RYL, UA, VIAB, V, BA, DOW, FB,
LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F, ILMN, LXK, CAT, RCL, JNPR, MSFT,
KMB, PG, MXIM, SBUX, NFLX, FFIV, URI, UNP, EBAY, MCD, CREE, TXN, UTX, NUAN,
XLNX, BHI, DAL, RF, MS, SLB, STI, AXP, SWKS, BAC, LLTC, WEN, MON, MU, STZ, APOL
Negative Reactions – ADSK,
CRM, FSLR, SINA, ESRX, GRPN, YNDX, KO, A, GNC, WTW, VFC, WFM, ANGI, CSCO, DISCA, NTAP,
RAX, CI, LNKD, TPX, VRSN, ADP, CTSH, HUM, MDC, P, TSO, TWTR, ADM, BWLD, CERN,
CHRW, DDD, SFLY, GILD, CVX, MA, MAT, PCAR, AMZN, MMM, CELG, CL, XOM, ESI, HOG,
OSTK, POT, SHW, WHR, BA, CTXS, EMC, TSCO, CRUS, GLW, DD, F, VMW, YHOO, AAPL,
STX, ZION, HON, KSU, SWK, STT, ALTR, ISRG, KLAC, KEY, JCI, LMT, WDC, ABT, BAX,
ATI, COH, FCX, AMD, IBM, HAL, JNJ, TRV, VZ, GE, COF, INTC, UNH, C, GS, CSX,
FAST, AA, FDO, BBBY, SCHN (94)
Reversal of Initial
Reaction – WDC, DISCA, XOM, CTXS, DDD, SFLY, TPX, VZ, ABT, BAX, AAPL,
CL, VRSN, CSCO, ADP, CTSH, HUM, P, TSO, ADM, CERN, GILD, PCAR, MMM, CELG, HOG,
POT, SHW, EMC, GLW, DD, VMW, YHOO, ZION, HON, SWK, ALTR, ISRG, KLAC, LMT, HAL,
FAST, FDO, AA (44, 46%)
The Market Forecast Green Line is above 80.
____________________
Setups
H Breakout: ANR, ATI, BAC, BX, FAS, SFUN, TLT, V, ZION,
AMZN, CMCSA, GILD, MSFT, WFM, YHOO
Diagonal Breakout: A, JNPR, VRSN, CELG,
Bull Flag: AAL, BBRY, GLD, GME, NKE, P, RCL, SCSS,
FB, GMCR, GOOG, MU, NFLX, PCLN, QCOM, SNDK, TRIP, TSLA, WDC,
One Day:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag: NTES, X, CMCSA,
At Support: ANGI,
C- Pattern:
Moves
New Highs: LVS, MTW, SOHU, SPY, SWKS, CTSH,
DTV, EBAY, GRMN, ROST, TXN, WYNN, XLNX,
Gap Up: SOHU, YOKU, MNST,
Gap Down: UAL,
H Breakout: MS, TPX,
Diagonal Breakout:
Breakout Test: JDSU, SCSS,
Bounce: UNG, ESRX,
MACD Divergence Bounce:
Bear Flag: GRPN, LNKD, SBUX,
Support Break:
______________________
55 out of 100 NDX
stocks closed higher and three
unchanged on Friday.
Leading NDX 100 stocks included: MNST, DISH, CHTR,
DTV, MXIM, FOXA, DISCA, LBTYA, PCAR, CMCSA
Lagging NDX stocks included: BIDU, ALXN, ILMN,
ADSK, TSLA, VRTX, GMCR, SNDK, AKAM, CTRX
Leading stocks > +2% on Friday
included: SOHU, YOKU, UNG, TPX
Lagging stocks < -2.0% included: CRM, BBRY, Z, LNKD, WLT, ANR, SPWR,
UAL, RAX, ANGI, YELP, SPLK, CSIQ, P, KKD, GRPN, CIEN, GOGO
Stocks to Watch on Monday
Holding Above 30 DMA= 78
ILMN,
EQIX, FFIV, ISRG, MU, BIIB, MXIM, TSLA, NXPI, NFLX, ALTR, ALXN, REGN, GOOG,
WYNN, FB, GMCR, ADBE, ORLY, DISH, EBAY, AKAM, AVGO, DTV, PCAR, AMGN, ATVI,
CERN, EXPE, GILD, MNST, MSFT, MYL, NVDA, PCLN, QCOM, SNDK, TRIP, XLNX, ADI,
MAR, AMAT, CHKP, KLAC, TXN, CTSH, GRMN, HSIC, LINTA, LLTC, VIAB, KRFT, BIDU,
MDLZ, LMCA, FOXA, FISV, LBTYA, DISCA, CTXS, FAST, INTU, VOD, WDC, WFM, BBBY,
CA, DLTR, ROST, SIAL, ADP, COST, TSCO, SPLS, CELG,
SIRI, YHOO, SBAC
Moving Above 30 DMA = 2
ESRX, INTC
Moving Below 30 DMA = 3
ADSK, BRCM, VRTX
Staying Below 30 DMA
CTRX, VRSK, AAPL, CMCSA, CSCO, SBUX, SRCL, NTAP, CHTR, CHRW, AMZN, SYMC,
STX, EXPD, VIP, PAYX, MAT
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral/Up
