Tuesday, June 10, 2014

Stocks End Trading Session At Close To Break Even...FB Bounces Closing Up 4.58%...


Four out of nine sectors moved higher on Tuesday…XLV, XLB and XLK were the strongest sectors…XLY was the weakest.  

Breadth weakened …as decliners led advancers 1.35 to 1 on the NYSE and 1.23 to 1 on the NASDAQ.

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


SPY down .13 at 195.45 on 48.6 million shares, below average volume
VIX down .13 at 11.02…
TNX up .22 at 26.35…
TLT down .37 at 111.06...
XLF down .02 at 22.88 on 19.8 million shares

AAPL up .52 at 94.22 on 60 million shares
FB up 2.86 at 65.74…on 67.9 million shares, above average volume


Technical Commentary:
IWM – 0.20%, SPY – 0.02%, DIA + 0.06%, QQQ + 0.17%.



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 = 194.89, 198.09 …
QQQ = 93.56, 96.39…
IWM = 116.57, 118.62…

Support Levels
SPY = 191.96, 190.88, 189.81…
QQQ = 91.34, 90.44…
IWM = 115.02, 113.84…


Q1 Earnings Reactions
Positive Reactions – 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 – 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, 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: ANGI, GLW, GOGO, P, RAX, UBNT, V, ZION, BBRY, ETFC, JDSU, AMZN, YHOO,  
Diagonal Breakout: GME, MFRM,  
Bull Flag:  AIG, SWI, GLD, ADSK, MSFT, PCLN, SBUX, SNDK, STX, TRIP, WDC,
Potential Bullish Divergence:   
Gap Up:    
Gap Down:
Bear Flag: 
At Support: QCOM,     
C- Pattern:  

Moves
New Highs: AAPL,  
H Breakout: NTES, TWTR, YOKU, FB, MNST,  
Diagonal Breakout: JCP, LNKD, MNST,   
Bull Flag Bounce:  
Gap Up:  
Gap Down: UNG, CTSH,   
Breakout Test:  
Bounce: CRM, UAL,
MACD Divergence Bounce: LVS,
Bear Flag:     
Support Break: SFUN,   
C- Pattern:  
      

______________________

19 of 100 NDX stocks closed higher on Tuesday.


Leading NDX 100 stocks included: FB, BIDU, MNST, ILMN, MU, WFM, AMZN, NFLX, INTC

Lagging NDX stocks included: CTSH, EBAY, ROST, TSLA, SNDK, QCOM, TRIP

Leading stocks > +2% on Tuesday included: LNKD, CTRP, UAL, UBNT, CRM, JCP, GME

Lagging stocks < -2.0% included: SFUN, SUNE, UNG 


Stocks to Watch on Wednesday
Holding Above 30 DMA= 86
MAR, CHRW, EXPD, SIAL, MDLZ, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, FISV, EQIX, NXPI, AVGO, LBTYA, SBAC, ATVI, KRFT, FOXA, GMCR, ALXN, 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,PCLN, SBUX, VRTX, VIAB, FB, ALTR, CERN, DLTR,NTAP, TXN, DISCA, REGN, TSLA, AMZN, GRMN, KLAC, NVDA, ADI, INTC, LINTA, MYL, STX, WDC, VIP, COST, ORLY, SRCL, FAST, ISRG, LMCA, PCAR, TSCO, MAT, PAYX, VRSK, CHKP, YHOO, WFM

Moving Above 30 DMA = 1
MNST

Moving Below 30 DMA = 5
BBBY, CTSH, DTV, QCOM, ROST                 

Staying Below 30 DMA
CA, GILD, WYNN, DISH, SPLS, VOD, XLNX, EBAY

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

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