Tuesday, August 5, 2014

Broad Market Stocks Closes Down...DJIA Down Triple Digits...TSL Closes Up 8.13%...WLT Up 8.89%...In After Hours Trading GRPN Down 16.96% After QTR Loss...

All nine sectors moved lower on Tuesday…however XLP, XLI and XLY were the strongest sectors…XLE was the weakest sector.

Breadth weakened as advancers led decliners 2.55 to 1 on the NYSE and 1.39 to 1 on the NASDAQ.

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


SPY down 1.88 at 192.01 on 152.6 million shares, above average volume
VIX up 1.75 at 16.87…
TNX down .08 at 24.83…
TLT up .37 at 114.63...
XLF down .23 at 22.17 on 39.9 million shares, above average volume

AAPL down .47 at 95.12 on 55.9 million shares
FB down .82 at 72.69…on 34.9 million shares


Technical Commentary:

IWM – 0.25%, QQQ – 0.77%,  DIA – 0.85%, SPY – 0.97%.


Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.


Short-term up trend Chart Targets:
SPY = 194.30, 195.78...
QQQ = 96.31, 97.52, 98.28
IWM = 112.23, 114.31...

Support Levels
SPY = 191.57, 189.51...
QQQ = 93.57, 91.73, 90.44…
IWM = 110.15, 108.86...


Q2 Earnings Reactions
Positive Reactions – AKS, AMGN, CHRW, ESRX, HCA, HES, LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI, UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS, DAL, DECK, DOW, FFIV, FB, FTI, GD, LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS, RHI, STLD, SWK, TSCO, TXN, WHR, XRX, ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA, STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,

More than 10% - TWTR, CMG, BIDU, BIIB, ISRG, OSTK, SWI, UA, VRSN, X

Negative Reactions – AEM, AET, AKAM,  BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPS, VRTX, XOM, ALK, ALXN, AMZN, ANGI, ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN, JNPR, KLAC, KMB, KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX, TRIP, TRV, UTX, V, XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST, FDO, CAMP, BBBY, GIS, CCL, WAG,

More than -10% - AMD, ANGI, BWLD, CAMP, DHI, HLF, MXIM, P, SNDK, XLNX,


Reversal in progress – GIS, WAG,


Reversal of Initial Reaction – BBBY, YHOO, APOL, KBH, MON,


The SPY Market Forecast green line is pointed down at 24.

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Setups – The following stocks will be monitored this week for potential
moves:  AAPL, GILD, AA, HPQ, TWTR, FB, BIDU, EMC

Moves for Tuesday:

Bull Flag Bounce: CTXS, UA, WDC, ESRX

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19 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: REGN SYMC, WFM, FFIV SIRI MXIM EBAY

Lagging NDX stocks included: EXPD, LINTA INTC YHOO BRCM, STX, DLTR WYNN, MU, FAST, AVGO, CHRW

Leading stocks > +2% on Tuesday included: TSL, KNDI, CSIQ, JASO, BBRY, GTAT WLT

Lagging stocks < -2.0% included: SFUN, CTRP, UAL, DAL, FAS, Z AAL, SPWR XONE, VJET, YNDX, SPLK, UBNT, LVS


Stocks to Watch on Wednesday
Holding Above 30 DMA= 34
CHRW, BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, DISCA, FB, BBBY, CERN, AAPL, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, WYNN, BIIB, CHKP, ISRG, YHOO, SPLS, ESRX, DLTR, TSLA, CTSH, MSFT, TSCO, WFM

Moving Above 30 DMA = 0
                                                       

Moving Below 30 DMA = 7
ADP, ATVI, BRCM, CA, CELG, MAR, STX                                                            

Staying Below 30 DMA
CTRX, DTV, EQIX, FISV, INTU, AKAM, ALXN, CHTR, CMCSA, CSCO, GOOG, LMCA, ORLY, PAYX, SBUX, SIAL, SIRI, SRCL, VOD, VRTX, ADBE, MDLZ, VRSK, EXPD, PCAR, MU, LYL, ADSK, AMZN, HSIC, KLAC, LINTA, AVGO, DISH, ILMN, QCOM, TRIP, ALTR, GMCR, KRFT, LLTC,NXPI, TXN, VIAB, XLNX, AMAT, NFLX, LBTYA, NVDA, VIP, SNDK, FOXA, MAT, MNST, ADI, ROST, GRMN, FAST, MXIM

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

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