Only one of nine
sectors
moved higher on Thursday…XLU, XLP and XLB were the strongest sectors…while
XLI was the weakest sector.
Breadth weakened as advancers
led decliners 2.12 to
1 on the NYSE and 3.32 to
1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
Friday – weakened,
decliners led
SPY down 2.10 at 185.18 on 155 million shares, above average volume
VIX up 1.75 at 16.22…
TNX down .73 at 26.53…
TLT up 1.44 at 108.50...
XLF down .25 at 21.94 on 56.9 million shares, above average volume
AAPL down 5.96 at 530.65 on 9.2 million shares
FB down 2.05 at 68.83…on 57 million
shares
Technical
Commentary:
QQQ – 1.41%,
DIA – 1.34%, IWM –
1.16%, SPY – 1.12%.
Stocks
traded down in Thursday’s session with the DJIA off 231.19 while the NASDAQ
was down 62.91 and the S&P 500 traded down 21.86…slightly
breaking an intra-day key technical support level. Concern over the uncertainty
of Ukraine seemed to be on the minds of investors…with many finding safety in
cash or bonds.
In
after-hours trading and after earnings report…ULTA is trading up 7.68%...reported earnings rose 9.5% for
its fiscal fourth quarter with better than expected sales growth.
MFRM also is trading higher in
after-hours trading…up 6.19% with reported fourth quarter earnings up 14%.
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 = 189.25, 190.55…
QQQ = 90.96, 92.25, 93.05…
IWM = 120.64, 121.84…
Support Levels
SPY = 187.15, 183.75, 182.60
QQQ = 88.87, 87.35,
86.49
IWM = 118.71, 115.58
Earnings this week… GOGO, KKD, MFRM
Q4 Earnings Reactions
Positive Reactions – MFRM,
KKD, BIG, FL, JOY, DRYS, TSL, 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 – GOGO,
CIEN, COST, CSIQ, HOV, MCP, SSYS, 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 (104)
Reversal in progress
–ADSK, ATI, A, CRUS CSX, CVX, GS, COF, JNJ, IBM, JCI, KEY, KO, LNKD, MA, RAX,
STX, WFM (18, 18%)
Reversal of Initial
Reaction – SINA, AA, AAPL, ABT, ADP, ADM, ALTR, BWLD, DISCA, CERN, CL, CSCO, CTSH, CTXS, DDD,
HAL, EMC, ESRX, FAST, FDO, FSLR, HOG, BAX, VRSN, HUM, P, GILD, PCAR, MDC, MMM,
CELG, HOG, POT, SHW, GLW, DD, HON, SWK, ISRG, KLAC, LMT, SFLY, TPX, TSCO, TSO, WHR,
UNH, VZ, WDC, VFC, VMW, YHOO, XOM, ZION (54, 51%)
The Market Forecast Green Line closed BELOW 90.
____________________
Setups
H Breakout: JDSU, KKD, MTW, PANW, ZION, AMZN,
Diagonal Breakout:
Bull Flag: AAL, GLW, GOGO, STI,
One Day:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BBRY, DDD,
DRYS, GME, NTES, SINA, V, YOKU, ADSK, BIDU, CMCSA, GILD, SNDK,
C- Pattern:
Moves
New Highs:
Gap Up:
Gap Down: UNG,
H Breakout:
Diagonal Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: CREE, MFRM,
MACD Divergence Bounce:
Bear Flag:
Support Break: FFIV, GRMN, MNST,
______________________
4 of 100 NDX stocks closed
higher on Thursday.
Leading NDX 100 stocks included: ATVI, SIAL
Lagging NDX stocks included: ILMN, BIDU, EQIX,
MNST, FFIV, ADSK, REGN, TRIP, AMAT, NVDA
Leading stocks > +2% on Thursday
included: CREE, TLT, KKD
Lagging stocks < -2.0% included: YNDX, GOGO, YELP, RA, SCTY, YOKU, SINA,
TSL, SCSS
Stocks to Watch on Friday
Holding Above 30 DMA= 62
BIIB,
MXIM, NXPI, TSLA, ALTR, ALXN, REGN, FB, WYNN, ADBE, DISH, EBAY, AKAM, AVGO,
DTV, PCAR, AMGN, ATVI, EXPE, MSFT, MYL, NVDA, PCLN, SNDK, TRIP, ADI, MAR, XLNX,
AMAT, KLAC, TXN, CTSH, GRMN, HSIC, KRFT, LINTA, LLTC, VIAB, MDLZ, FISV, LBTYA,
DISCA, CTXS, FAST, INTU, WFM, BBBY, DLTR, ROST, SIAL, ADP, TSCO, SBAC, AAPL,
ESRX, PAYX, QCOM, AMZN, INTC, MAT, SBUX, COST
Moving Above 30 DMA = 0
Moving Below 30 DMA = 17
BIDU, BRCM, CERN, CHKP,
EQIX, FFIV, FOXA, GMCR, GOOG, ILMN, ISRG, MNST, MU, NFLX, ORLY, SRCL, STX
Staying Below 30 DMA
CA, VRSK, YHOO, ADSK, VOD, LMCA, WDC, CELG, GILD, SPLS,VRTX, SIRI, CTRX,
CMCSA, CSCO, CHTR, NTAP, CHRW, SYMC, EXPD, VIP
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
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