All nine
sectors
moved higher on Thursday…XLB, XLI and XLV were the strongest sectors…while
XLF was the weakest sector.
Breadth strengthened as advancers
led decliners 1.92 to
1 on the NYSE and 2.47 to
1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – holiday
Friday – weakened,
advancers led
SPY up 2.08 at 184.10 volume 101 million shares
VIX down .71 at 14.79…
TNX up .20 at 27.54…
TLT down .26 at 106.11...
XLF up .06 volume 31.5 million shares
AAPL down 6.22 at 531.15 volume 10.8 million shares
FB up 1.57 at 69.63…volume 130.3 million shares, twice average volume
Technical
Commentary:
IWM +
1.08%, SPY + 0.59%, DIA + 0.49%, QQQ + 0.47%.
What
started out somewhat weak in the opening trading session today…ended with
strong gains…DJIA Up 92.41…NASDAQ
Up 29.59…S&P 500 Up 11.03…Even FB which started out down…after
selling pressure from investors from the released news that it was to acquire WhatsApp…at
$16B in cash and stock plus and additional $3B in restricted stock over the
next four years…bounced and finished at another all-time ‘In Your Face’…high...Up
1.57 or
2.31% on
double the average volume at 130.9 million shares.
Let’s talk
TSLA…TSLA lead the market today to another all-time record high after positive
earnings reported yesterday…with 18 million in volume TSLA bounces again
closing up 16.33…up for the day 8.43%.
GRPN reported earnings today after the
close…with a fiscal fourth quarter loss of 81.2 million or 12 cents a share…GRPN
is off 1.14…down 11.08% on high
volume in after-hours trading…with the first quarter outlook looking to
disappoint.
Trade with the trend of the chart
you are trading and move
your protective stops. Be mindful of
reversal patterns like double bottoms and MACD divergences. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 184.10, 187.99…
QQQ = 90.43, 92.25, 94.26…
IWM = 115.39, 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 several companies including ADSK, CRM, DISH, DTV, ESRX, GRMN, GRPN, MCP, MNST, PCLN,
ROST, SCTY, SPLK, TSLA, WLT and YNDX that will report over the next several days…
Q4 Earnings Reactions
Positive Reactions – GRMN,
KRFT, AMAT, 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, 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 – KO,
A, GNC, WTW, VFC, WFM, ANGI, CSCO, DISCA, NTAP, RAX, CI, LNKD,
VRSN, ADP, CTSH, HUM, MDC, P, TSO, TWTR, ADM, BWLD, CERN, CHRW, 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 (72)
Reversal of Initial
Reaction – 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 (32, 45%)
The Market Forecast Green Line is above 80.
____________________
Setups
H Breakout: BX, DDD, FSLR, JDSU, JNPR, LVS, P, SFUN,
SOHU, SPY, TPX, WLT, YELP, CTSH, EBAY, MSFT, TXN,
Diagonal Breakout: ANR, BBRY, CSIQ, GME, GOGO, NKE,
Bull Flag: CRM, GLW, RCL, V, FFIV, GILD, GOOG,
Potential Bullish
Divergence: NTES, AMZN,
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: MTW, QIHU, SPLK, SWKS, AKAM, DTV, FB,
GMCR, MNST, SNDK, TRIP,
Gap Up: SWKS,
Gap Down: YNDX,
H Breakout:
Diagonal Breakout:
Breakout Test:
Bounce: A, SWI, STX,
MACD Divergence Bounce: BAC, BBRY, GRPN, MS, UAL,
Bear Flag:
Support Break:
______________________
82 out of 100 NDX
stocks closed higher on Thursday.
Leading NDX 100 stocks included: TSLA, CTXS, GMCR,
VOD, NVDA, TRIP, DTV, FB, AVGO
Lagging NDX stocks included: EQIX, DLTR, AAPL,
NTAP, ALXN, PAYX, BBBY, ISRG, ADI, FOXA, ALTR
Leading stocks > +2% on Thursday
included: SWKS, DDD, UAL, MTW, ESI, BBRY, QIHU, CSIQ
Lagging stocks < -2.0% included: YNDX, GOGO, NTES, Z
1 comment:
Thanks Dave for your always great analysis and commentary.
Post a Comment