SPX Slightly Lower Following Jobs Report...Up for the Week as Positive & Negative Earning Reactions Continue...

Three of nine sectors moved higher on Friday…XLB, XLY and XLE were the strongest sectors…XLU was the weakest sector.     

Breadth was mixed as advancers led decliners 1.32 to 1 on the NYSE and 1.05 to 1 on the NASDAQ.

Friday – mixed, advancers led

Thursday – weakened, mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

Monday – strengthened, mixed

Friday - weakened, decliners led

SPY down .26 at 188.06 on 98.1 million shares, up for the week,

VIX down .34 at 12.91… down for the week

TNX down .15 at 25.91…down for the week

TLT up .69 at 112.71...up for the week

XLF down .01 at 21.99 on 28.1 million shares, up for the week

AAPL up 1.10 at 592.58 on 6.8 million shares, up for the week

FB down .69 at 60.46…on 54.1 million shares, up for the week

Technical Commentary:

IWM + 0.08%, SPY – 0.14%, QQQ – 0.18%, DIA – 0.29%.

The SPX finished up +17.74, +0.95% for the week after continued mixed earning reactions, while finishing down on Friday -2.54, -0.13% following the April jobs report. 

Among NDX stocks AAPL, ADSK, AKAM, AMZN, CELG, CMCSA, COST, CTSH, DTV, FB, FFIV, GILD, GOOG, GRMN, INTC, MNST, MU, NFLX, NTAP, PCLN, QCOM, ROST, SNDK, TRIP finished higher for the week.  24/39

GRMN Earnings Flag...

                  (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 = 187.17, 189.70…

QQQ = 86.90, 87.88…

IWM = 113.84, 115.25…

Support Levels

SPY = 183.37, 181.38

QQQ = 85.09, 84.16, 83.15, 82.03

IWM = 110.12, 108.91, 106.99

Earnings This Week:

Monday: AEIS, AIG, PFE, TSN, VECO, YY

Tuesday: ATVI, ALL, ARWR, CBOE, DTV, DISCA, DIS, EA, FEYE, FSLR, FXCM, GRPN, HSIC, LBTYA, MRO, MOS, TRIP, WFM,

Wednesday: CAR, CTSH, CTRP, FWLT, HUM, GMCR, MCP, PRGO, PRU, SCTY, SFUN, TSLA, FOXA, Z

Thursday: APA, DISH, FNMA, JAZZ, LMCA, MNST, NVDA, PCLN, REGN, SUNE, UBNT,

Friday: MHR, SSYS

Earnings Last Week:

Monday: BWLD, GLW, SOHU

Tuesday:  DDD, ADM, BMY, CHRW, CHKP, COH, CNX, EBAY, ESRX, FISV, MAR, MRK, MGM, NOK, PCAR, PNRA, STX, SWI, SAVE, S, GT, TWTR, X, VLO, VRSK

Wednesday: GRMN, JDSU, MET, TSO, TWX, WDC, YELP

Thursday:  AKAM, ANR, CTRX, CLX, DVA, EXPE, XOM, ESI, K, KRFT, LNKD, MTW, MDC, MA, TMUS, TPX, VRTX, VIAB, WYNN

Friday:  LNG

Q1 Earnings Reactions

Positive Reactions – WYNN, ESI, MA, TMUS, TPX, YELP, CTRX, TSO, ANR, GRMN, ENR, LVLT, PBI, TWX, CHRW, CNX, DNB, FISV, MAR, VRSK, WLP, MGM, MRK, NOK, S, UTHR, BWLD, AAPL, AET, ALXN, ANGI, BA, BHI, BIDU, BTU, BX, C,COG, CTXS,  DAL, DAVE, DECK, DHI, DO, DV, ETFC, FCX, GE, GILD, GME, HOG, HAL, HAS, HOG, IBKR, INTC, JNJ, KO, LPNT, LRCX, MS, NXPI, POT, RF, SCHW, SNDK, SPWR, STI, SWK, SWKS, TKR, TRV, UNP, URI, WFC, XRX, YHOO

Negative Reactions – MTW, AKAM, DVA, EXPE, KRFT, LNKD, K, VIAB, VRTX, CLX, JDSU, WDC, EBAY, ESRX, SEE, PNRA, STX, SWI, TWTR, ADM, BMY, CHKP, COH, DDD, GT, PCAR, SAVE, SOHU, ACI, AKS, ALTR, AMGN, AMZN, ATI, BAC, BBRY, BIIB, BRCM, CELG, CLF, CREE, F, FAST, FFIV, GOOG, IBM, JCI, JPM, KLAC, KMB, LLTC, LLY, LVS, LXK, MMM, MU, MXIM, NSC, NUE, P, PG, QCOM, SIRI, STLD, STT, T, UA, UNH, UPS, V, VMW, VZ, XLNX, YNDX, ZION, ZNGA, 

Reversal in progress – BRCM, LLTC, NUE, STLD, ZION

Reversal of Initial Reaction – AKS, ATI, BAC, CELG, F, IBM, KMB, LVS, MMM, MU, PG, SIRI, T, UPS, YNDX, ANGI, BIDU, NFLX, RF, INTC

The SPY Market Forecast green line is pointed up at 78.

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Setups

Horizontal Breakout: ATI, ETFC, FAS, KKD, MS, RCL, SPWR, SWKS, TLT, TPX, XONE, ADSK, AKAM, COST, MU, ROST, YHOO,

Diagonal Breakout: AAL, GLW, GME, IWM, JNPR, NKE, SCHW, STI, ZION, ANR, BBRY, CSIQ, DDD, ESI, QIHU, SCTY, SOHU, SSYS, V, VRSN, YELP, YNDX, ADBE, BIDU, FB, NTAP

Bull Flag: UNG, MSFT,  

One Day:

Potential Bullish Divergence:

Gap Up:  

Gap Down:   

Bear Flag: 

At Support:    

C- Pattern:   

Moves

New Highs: SNDK,     

Gap Up: WYNN,  

Gap Down: MTW,    

H Breakout:       

Diagonal Breakout: LVS, UBNT, CTSH,  

Breakout Test:

Bull Flag Bounce:   

Bounce: GLD, WLT, WDC,   

MACD Divergence Bounce: BX, CIEN,   

Bear Flag:

Support Break:    

______________________

49 of 100 NDX stocks closed higher on Friday and two were unchanged.

Leading NDX 100 stocks included: WYNN, SBAC, DISH, NXPI, WDC, CTSH, DLTR, ESRX, TSLA, GRMN

Lagging NDX stocks included: VRTX, EXPE, ALXN, FFIV, AKAM, GMCR, REGN, GILD, ADBE, BIIB

Leading stocks > +2% on Friday included: TPX

Lagging stocks < -2.0% included: MTW

Stocks to Watch on Monday

Holding Above 30 DMA= 44

MAR, KRFT, INTC, CSCO, CHRW, SPLS, COST, EXPD, SIAL, MDLZ, MU, SNDK, CMCSA, ORLY, GILD, CHTR, MYL, AAPL, CTXS, SRCL, VOD, DTV, ADP, ALXN, CELG, FISV, SYMC, YHOO, EQIX, NXPI, ATVI, AVGO, GRMN, MAT, SIRI, VRSK, LMCA, BIDU, CTRX, DISH, FB, FOXA, LBTYA, SBAC

Moving Above 30 DMA = 5

BRCM, CTSH, DLTR, TSLA, WYNN

Moving Below 30 DMA = 5

ADSK, EXPE, LINTA, NVDA, VRTX

Staying Below 30 DMA

FAST, MSFT, MXIM, PAYX, VIAB, CHKP, PCAR, TXN, ADI, WDC, ILMN, FFIV, QCOM, VIP, STX, REGN, ISRG, AMAT, KLAC, LLTC, NTAP, XLNX,BBBY, ROST, ALTR, AMGN, HSIC, DISCA, SBUX, TSCO, INTU, AKAM, EBAY, ESRX, WFM TRIP, ADBE, AMZN, BIIB, GMCR, CERN, PCLN, MNST, NFLX, CA, GOOG

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral