Monday, June 23, 2014

Most Stocks Take A Knee Today...Some Surge...TEG Up 12.14%...DDD Up 7.29%...SSYS Up 6.40% And GRPN Up 5.53%...

Five of nine sectors moved higher on Monday…XLE, XLK and XLF were the strongest sectors…XLI was the weakest. 

Breadth weakened…as decliners led advancers 1.01 to 1 on the NYSE and 1.29 to 1 on the NASDAQ.

Monday – weakened, decliners led
Friday – strengthened, advancers led
Thursday – mixed
Wednesday – strengthened, advancers led
Tuesday – strengthened, advancers led


SPY down .06 at 195.88 on 70.4 million shares
VIX up .13 at 10.98…
TNX down .01 at 26.23…
TLT down .35 at 111.45...
XLF up .05 at 22.88 on 19.4 million shares

AAPL down .08 at 90.83 on 43.6 million shares
FB up .87 at 65.37…on 34.4 million shares


Technical Commentary:
QQQ + 0.02%, IWM – 0.19%, DIA – 0.10%, SPY – 0.03%.





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 = 196.05, 197.87, 198.99 …
QQQ = 93.02, 94.31, 94.89…
IWM = 117.48, 118.48, 120.30…

Support Levels
SPY = 193.11, 191.96, 190.88…
QQQ = 91.73, 90.44…
IWM = 114.66, 113.62…


EARNINGS this week:
Monday – HTZ, MU,
Tuesday – CCL
Wednesday – APOL, BKS, BBBY, GIS, MON
Thursday – ESI, LEN, NKE, SCHN
Friday – KBH, FINL

Q1 Earnings Reactions
Positive Reactions – ADBE, BBRY, FDX, RHT, YGE, ULTA, CIEN, 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 – ORCL, LULU, KKD, 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, ANR, BTU, COG, YHOO


The SPY Market Forecast green line is rising in the upper zone at 94.

____________________

Setups
Horizontal Breakout: FAS, FSLR, GOGO, P, RCL, TPX, X, XONE, YOKU, CTSH,
Diagonal Breakout: BAC, HOG, MFRM, SFUN, LVS, EBAY, PCLN,
Bull Flag: CREE, CTRP, ETFC, QIHU, SPWR, ADSK, BRCM, GMCR, GRMN, NFLX, STX, WDC,
Potential Bullish Divergence: ESI, IBM,  
Gap Up:  
Gap Down:
Bear Flag: 
At Support: CIEN, SWI, COST,       
C- Pattern:

Moves
New Highs: MSFT,  
H Breakout: DDD, SSYS, SPLK, GOOG, TSLA,
Diagonal Breakout:  
Bull Flag Bounce:  
Gap Up:
Gap Down
Breakout Test:  
Bounce: C, GTAT, JNPR, MFRM, BIDU,  
MACD Divergence Bounce:  
Bear Flag    
Support Break: UNG,
C- Pattern:
      

______________________

42 of 100 NDX stocks closed higher on Monday and one was unchanged.


Leading NDX 100 stocks included: TSLA, VRTX, DISH, BIDU, GOOG, BBBY

Lagging NDX stocks included: ILMN, ALXN, BIIB, MU, REGN, AMGN, KRFT, YHOO, MXIM, NVDA

Leading stocks > +2% on Monday included: DDD, SSYS, GOGO, FEYE, YELP, JD, P, UBNT, BBRY, MFRM

Lagging stocks < -2.0% included: JCP, UNG, JASO


Stocks to Watch on Tuesday
Holding Above 30 DMA= 73
MAR, CHRW, SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT, CMGR, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM GOOG,  SIRI, AKAM, AMGN, BIIB, EXPE, FB, LLTC, SBUX, VIAB, ALTR, CERN, DISCA, DLTR, NTAP, REGN, TSLA, TXN, ADI, AMZN, GRMN, KLAC, NVDA, INTC, MYL, STX, VIP,  WDC, ORLY, SRCL, FAST, ISRG, LMCA, CHKP, MNST, XLNX, PAYX, PCAR, SYMC, CA, CTSH, DISH, DTV, MAT, QCOM

Moving Above 30 DMA = 1
LINTA                                                                          
                                   
Moving Below 30 DMA = 6
ALXN, FFIV, GILD, NVDA, QCOM, VIAB                                                                                               

Staying Below 30 DMA
COST, PCLN, WFM, FOXA, BBBY, CA, CERN, ROST, YHOO, DISCA, REGN, ESRX, VRSK, EXPD, VRTX, MDLZ, TSCO, SBAC, LBTYA, WYNN, SPLS, VOD, EBAY

Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Neutral



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