Stocks Rally into the Close After Strong Earnings from KO, JNJ, SCHW...After-hours YHOO, INTC Higher on Earnings...

All nine sectors moved higher on Tuesday…XLU, XLE and XLV were the strongest sectors…XLY was the weakest sector.    

Breadth weakened as advancers led decliners 1.56 to 1 on the NYSE and 1.08 to 1 on the NASDAQ…where decliners led advancers.

Tuesday – weakened, mixed

Monday – strengthened, advancers led

Friday – strengthened, decliners led

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

SPY up 1.26 at 184.20 on 156.9 million shares, above average volume

VIX down .50 at 15.61…

TNX down .11 at 26.28…

TLT up .69 at 111.13...

XLF up .20 at 21.65 on 84.3 million shares, above average volume

AAPL down 3.72 at 517.96 on 9.5 million shares

FB up .20 at 59.09…on 108.4 million shares, above average volume

Technical Commentary: 

SPY + 0.69%, DIA + 0.56%, IWM + 0.39%, QQQ + 0.33%.

Stocks started higher and moved lower after reports of Russian troops near the Ukrainian border and then rallied to a higher close during the last three hours of trading.

Leading the SPX was TRIP +3.53, +4.43%, KO, TSO, SEE, TDC and SCWH.  SPX weakest stocks PETM, WYNN, FSLR, BBY, NTRS and NEM.

KO +1.45, +3.74%, JNJ +2.06, +2.12% which led all Dow stocks and SCHW +0.81, +3.20% moved higher after positive earnings before the open on Tuesday.   SCHW led financial stocks higher.  BAC +0.39, +2.44% reports tomorrow before the open.

YHOO +2.34, +6.84% and INTC, +0.40, 1.49%, in after-hours trading on positive earnings reactions Tuesday after the close.

The NDX +13.22 was led in NDX points by MSFT, GILD, BIIB, AMGN, ESRX and GOOG which combined for 10.5 NDX points.

MACD histogram divergences look good on Monday, make good on Tuesday.

(click image to enlarge)

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 = 183.59, 184.96…

QQQ = 84.95, 86.46…

IWM = 112.08…

Support Levels

SPY = 181.38, 180.01, 177.80

QQQ = 84.16, 83.15, 82.03, 80.23

IWM = 110.12, 108.91, 106.99

Earnings This Week:

Monday: C

Tuesday: KO, INTC, JNJ, LLTC, SCHW, YHOO

Wednesday: AXP, BAC, GOOG, IBM, KSU, SNDK, STLD, URI

Thursday: BHI, DD, GE, GS, MAT, MS, BTU, SCSS, SLB, BX, UNP, UNH

Q1 Earnings Reactions

Positive Reactions – KO, JNJ, C, GME, WFC,

Negative Reactions – BBRY, FAST, JPM, MU

Reversal in progress –

Reversal of Initial Reaction –

The SPY Market Forecast (formed a cluster on Friday) green line is pointed up at 24.

____________________

Setups

H Breakout: C, KKD, SCHW, SCSS, ANGI, SPLK, INTC,  

Diagonal Breakout: FAS, GME, JNPR, MS, MTW, NKE, PANW, SWKS, BAC, LNKD, NTES, QIHU, SSYS, TWTR, V, WLT, ADBE, AKAM, BIDU, CTSH, ESRX, FFIV, MSFT, MU, NTAP, QCOM, SNDK, WDC, YHOO,

Bull Flag:   

One Day:  

Potential Bullish Divergence: BBRY, P, RAX, SINA,

Gap Up: 

Gap Down:     

Bear Flag: 

At Support: CTRP, RCL, YOKU, EBAY,

C- Pattern:   

Moves

New Highs:    

Gap Up:    

Gap Down: GLD,   

H Breakout:   

Diagonal Breakout: SCHW, SPLK,     

Breakout Test:

Bull Flag Bounce:  

Bounce: JDSU, SPY, UAL, DDD, SOHU, SPWR, SWI, VRSN, TXN,

MACD Divergence Bounce: CREE, ETFC, Z, ZION, CRM, TSL, TWTR, UBNT, YELP, ADSK, AKAM, AMZN, PCLN, TRIP,

Bear Flag: 

Support Break: FSLR, LVS, RAX, SCTY, SFUN, WYNN,   

______________________

60 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: TRIP, ALXN, LINTA, YHOO, NXPI, ADSK, BIIB, CERN, GILD  

Lagging NDX stocks included: WYNN, VIP, TSLA, ISRG, NFLX

Leading stocks > +2% on Tuesday included: Z, PANW, SCHW, FAS, ETFC, UAL, TWTR, SPLK,UBNT, TSL, WLT, QIHU, P, LNKD

Lagging stocks < -2.0% included: CTRP, FSLR, GOGO, CSIQ

Stocks to Watch on Wednesday

Holding Above 30 DMA= 14

MAR, GRMN, KRFT, FAST, INTC, QCOM, STX, WDC, CSCO, CHRW, SPLS,NVDA, SYMC, ADI

Moving Above 30 DMA = 2

LINTA, MSFT

Moving Below 30 DMA = 1

MDLZ

Staying Below 30 DMA

ISRG, AMAT, BRCM, CHKP, DTV, EXPD, KLAC, LLTC, MAT, MXIM, NTAP, PCAR, SIAL, SNDK, XLNX, TXN, FOXA,NXPI, BBBY, ROST, DISH, AAPL, ALTR, AMGN, ATVI, AVGO, CMCSA, CTSH, FISV, HSIC, PAYX, VIAB, DISCA, ADP, EXPE, MU, SBUX, CHTR, TSCO, CTXS, INTU, AKAM,EBAY, ESRX,FFIV, MYL, WFM, LMCA, TSLA, TRIP, ADBE, AMZN, BIIB, DLTR, BMCR, ALXN, CERN, YHOO, FB, REGN, PCLN, WYNN, LBTYA, SBAC, COST, BIDU, MNST, ORLY, SRCL, EQIX, NFLX, ILMN, CA, VRSK, ADSK, VOD, CELG, GILD, VRTX, SIRI, CTRX, VIP, GOOG

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral/Up