Six of nine sectors moved higher on Friday…XLP, XLU and XLV were the
strongest sectors…XLI was the weakest.
Sector Posture
Positive trend: XLB, XLE, XLI, XLK, XLP,
XLV, XLY, XLU
Neutral trend near
resistance: XLF
Neutral trend near
support:
XLF is very near breaking
out and moving from neutral to positive.
Breadth weakened…as advancers led decliners 1.03 to 1 on
the NYSE and decliners led advancers
1.56 to 1 on the NASDAQ.
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday – weakened,
mixed
Tuesday – strengthened,
advancers led
Monday – holiday
SPY up .31 at 192.68 on 76.3 million shares
VIX down .17 at 11.40…
TNX up .10 at 24.57…
TLT down .05 at 114.10...
XLF up .05 at 22.29 on 27.2 million shares
AAPL down 2.38 at 633.00 on 20.1 million shares
FB down .53 at 63.30…on 45.3 million shares, below average volume
Technical Commentary:
SPY + 0.16%,
DIA + 0.09%, QQQ + 0.01%, IWM -0.45%.
SPY makes new all-time
closing high.
QQQ makes new bull market
closing high.
XLK and XLP make new
all-time closing high.
NFLX continues higher as
AAPL and PCLN pause.
SPLK -8.18, -16.35% on negative EPS
reaction.
Five months of 2014 are now completed and
the broad market SPX is up about 5% as is the NDX 100, while the large-cap DJIA is up about 2% and the small-cap RUT is down about -1%.
SPY, QQQ, DIA, IWM...
(click image to enlarge)
While the broad indexes are modestly higher in 2014, there are individual stocks that are up significantly and of course others are negative for the year including AMZN, BBBY, BIDU, CA, CELG, DISCA, MAT, SPLS, TSCO, WFM and YHOO. Here are some to the YTD gainers.
SNDK, NXPI, ILMN, GMCR...
(click image to enlarge)
MU, GRMN, AVGO, TSLA...
(click image to enlarge)
High visibility stocks FB, AAPL, NFLX, PCLN...
(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 = 191.49, 192.85,
194.36…
QQQ = 91.36, 93.39…
IWM = 114.55, 115.02…
Support Levels
SPY = 190.42, 188.54,
188.01…
QQQ = 88.61, 87.85,
86.58…
IWM = 113.03, 112.02,
111.04…
Q1 Earnings Reactions
Positive Reactions – BIG,
PANW, GLNG, QIHU, AAPL, ADSK, AET, ALL, ALXN, AMAT, ANGI, ANR, APA, ATVI, BA, BHI, BIDU, BTU, BWLD, BX, C, CHRW, CNX, COG, CTRP, CTRX,
CTXS, DAL, DAVE, DDS, DECK, DHI, DNB, DO, DTV,
DV, EA, ENR, ETFC, FCX, FISV, FNMA,
FOXA, GE, GILD, GMCR, GME, GOGO, GRMN, HAL, HAS, HOG, HPQ, HUM, IBKR, INTC, JCP, JNJ, KO, LPNT, LRCX,
LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NTAP,NXPI, PBI, PCLN, POT, PRU, RF, S, SCHW, SCTY, SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSL,
TSO, TWX, UNP, URI, UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z
Negative Reactions – SPLK,
ACI, ADM, AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BBRY, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DKS, DVA, EBAY, ESI, ESRX, EXPE, F, FAST, FEYE, FFIV, FXCM, GOOG, GRPN, IBM, JAZZ, JCI, JDSU, JPM, K, KLAC, KMB,
KRFT, LLTC, LLY, LNKD, LVS, LXK, MCP, MMM, MOS, MTW, MU, MXIM, NKE,NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM,
REGN, SAVE, SEE, SFUN, SIRI, SOHU, SPLS, SSYS, STLD, STT, STX, SUNE, SWI, T, TJX, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,
Reversal in progress – AEIS, AMGN, BRCM,
CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, MOS, NUE, PCAR, STLD, WDC, ZION
Reversal of Initial
Reaction – ADM, AIG, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF, DDD, DIS,
DISCA, DVA, ESRX, F, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS, MMM, MU, NKE, NSC,
NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, STX, SUNE, T, UPS, VIAB, VMW, VZ,
YNDX, YY, ANGI, ANR, BTU, COG, DECK,
ETFC, RF, SCHW, SWK, INTC, YHOO
The SPY Market Forecast green line is in the upper zone at 98.
____________________
Setups
Horizontal Breakout: CREE,
CRM, FAS, LNKD, RAX, UPL, ADBE, ADSK, AKAM, AMZN, CTSH, FB, GRMN, INTC, STX, TXN,
WDC, WYNN, XLNX,
Diagonal Breakout: ATI,
BX, DAL, GLW, PANW, STI, UAL, VRSN, YELP, TWTR, CMCSA, GMCR, QCOM, YHOO,
Bull Flag: C, CIEN, CTRP,
DDD, GME,
IWM, JCP, JDSU, KKD, MS, P, QIHU, SFUN, SOHU, SUNE, TLT, TPX, UNG, YNDX, Z, SWI, BIDU, CELG, GILD,
GOOG, MNST, MU, SBUX,
Potential Bullish
Divergence: HOG, EBAY,
Gap Up:
Gap Down:
Bear Flag: ZION,
At Support: JNPR, MTW,
C- Pattern:
Moves
New Highs: SPY, QQQ,
AAL, RCL, SWKS, UNP, NFLX, SNDK,
Gap Up: BIG,
Gap Down: SPLK
H Breakout:
Diagonal Breakout: COST,
MSFT,
Breakout Test: TSL, GOGO, TSLA,
Bull Flag Bounce: NKE,
Bounce:
MACD Divergence Bounce:
IBM,
Bear Flag: FSLR,
Support Break:
______________________
45 of 100 NDX stocks
closed higher on Friday.
Leading NDX 100 stocks included: TSCO, COST, SRCL, MAR, MSFT, INTC, STX, EBAY,
ROST, ORLY
Lagging NDX stocks included: VRSK, WYNN, FFIV, DISH, ADBE, ISRG, CERN,
SIRI, TSLA, GILD
Leading stocks > +2% on Friday
included: PANW, XONE
Lagging stocks < -2.0% included:
SPLK, SFUN, CSIQ, ANR, SCTY, X, TWTR, TSL,
WLT, QIHU, SINA, JNPR, YELP, P, Z, CRM, GOGO, SOHU, CIEN, FSLR, YNDX, LNKD,
JDSU, YOKU, UBNT
Stocks to Watch on Monday
Holding Above 30 DMA= 80
MAR, CHRW,
EXPD, SIAL, MDLZ, MU, SNDK, GILD, CHTR, AAPL, CTXS, DTV, ADP, CELG, FISV, EQIX,
NXPI, AVGO, LBTYA, SBAC, QCOM, ATVI, KRFT, FOXA, GMCR, ALXN, MNST, SYMC, CTRX,
ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV,
TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, ESRX, EXPE, LLTC, MAT, PCLN, SBUX,
VRTX, VIAB, FB, ALTR, CERN, DLTR, NTAP, WYNN, TXN, DISCA, REGN, TSLA, AMZN,
CTSH, GRMN, KLAC, NVDA, PAYX, ADI, INTC, LINTA, MYL, STX, WDC, VIP
Moving Above 30 DMA = 3
COST, ORLY, SRCL,
Moving Below 30 DMA = 3
ISRG, LMCA, VRSK,
Staying Below 30 DMA
CHKP, PCAR, YHOO, DISH, ROST, SPLS, VOD,
FAST, XLNX, BBBY, TSCO, EBAY, WFM, CA
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
