Five of nine sectors
moved higher on Friday…XLE, XLU and
XLB were the strongest sectors…XLF was the weakest sector. XLU
which was Thursday’s weakest sector jumped to the top position on Friday as oil
prices bounced.
Breadth weakened as decliners led advancers 1.04 to 1 on the NYSE and 1.36 to 1 on the NASDAQ.
Friday – weakened, decliners led
Thursday – weakened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened, decliners led
Monday – strengthened, advancers led
SPY down .04 at 195.72 on 139.3 million shares, 45% above average volume
VIX up .73 at 13.15…
TNX down .55 at 23.45…
TLT up 1.27 at 117.71...
XLF down .11 at 22.58 on 40.4 million shares, 34% above average volume
AAPL up .48 at 97.98 on 48.9 million shares
FB down .67 at 73.63…on 38.9 million shares
Technical Commentary:
QQQ +0.48%,
SPY -0.02%, IWM -0.19%,
DIA -0.27%.
Traders continue to
follow your entry rules.
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, 196.62, 198.05...
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...
Earnings season is
winding down while retail earnings began this week.
This week: GME, HPQ, JASO, YOKU, ROST,
Past week: PCLN, GOGO, CSIQ,
AMAT, JDSU, CREE, RAX,
VJET, XONE, SINA, NTES, ADSK, NTAP,
JCP, JD, JWN, M
Q2 Earnings Reactions
Positive Reactions – AMAT,
CSIQ, PCLN, NTES, SINA, NVDA, MNST, ANR, FSLR, GTAT, LNKD, SFUN, SSYS, SUNE,
UBNT, YOKU, 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, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X
Negative Reactions – ADSK,
CREE, GOGO, JDSU, JWN, M, RAX, SCTY, YELP, CTSH, MYL, AEM, AET,
AKAM, BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG,
MTW, RYL, SLCA, UPL, 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 – AET, AKAM, ALXN, AMZN,
ATI, EA, GIS, GRMN, ILMN, KO, KRFT, LNG, P, RYL, STX, TPX, VRTX,
Reversal of Initial
Reaction – BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO,
APOL, KBH, MON,
The SPY Market Forecast green line is pointed UP at 49.
____________________
Setups
Horizontal Breakout: AAPL,
CELG, CTXS, EXPE, FB, INTC, MSFT, MU, SNDK, EMC, FSLR, JCP, JD, P, PANW, QIHU,
RCL, SINA, SUNE, SWKS, TSL, VRSN, YELP, YAHOO
Diagonal Breakout: AA,
BX, KNDI, SCHW, SOHU, SWI, UA,
Bull Flag: CTRP, MFRM, SCSS, SCTY, SFUN, SSYS, UBNT, EBAY,
PCLN,
Potential Bullish
Divergence: FEYE,
Gap Up:
Gap Down:
Bear Flag: SPWR,
At Support: FEYE,
C- Pattern: SPY, AAL, ATI, BBRY, BBY, FAS, IBM, IWM, SPWR,
GOOG, GRMN, ILMN, TRIP,
Moves
New Highs: CAR, CSIQ,
GTAT, LNKD, TLT, ESRX, GILD, MAR, NTAP, TSLA,
H Breakout: NTES, NFLX,
D Breakout: DAL, UAL,
Bull Flag Bounce: Z,
WDC,
Gap Up: MNST, SINA,
Gap Down:
Bounce: LOCO,
MACD Divergence Bounce:
GOGO,
C- Pattern: AKAM,
AMZN, STX, TXN, AIG,
Support
Break: GME,
______________________
59 of 100 NDX stocks
closed higher and one was unchanged on
Friday.
Leading NDX 100 stocks included: MNST, AMAT, GILD, NFLX, DISCA, BIIB, MU, ALXN,
KLAC, CELG
Lagging NDX stocks included: ADSK, FAST, EXPD, ORLY, TSCO, PCLN, BBBY, FB,
ROST, SPLS
Leading stocks > +2% on Friday
included: GOGO, GTAT,
LOCO, Z, CSIQ, TSL, YELP
Lagging stocks < -2.0% included:
GME, FEYE, YOKU, JCP
Stocks to Watch on Monday
Holding Above 30 DMA= 62
CHRW,
BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE,
REGN, AMGN, CTXS, FFIV, PCLN, ISRG, YHOO, SPLS, ESRX, DLTR, TSLA, FOXA, MSFT,
NFLX, ADP, CTRX, DISCA, MNST, NVDA, ROST, WFM, AAPL, ATVI, CHKP, INTU, MAR, PAYX, BIIB, EQIX, ALXN, CELG, FISV,
SIAL, SIRI, VRSK, AKAM, AMZN, AVGO,
CMCSA, DISH, HSIC, KLAC, LBTYA, LMCA, ORLY, SRCL, STX, VIP
Moving Above 30 DMA = 4
ALTR, AMAT, BRCM, TXN
Moving Below 30 DMA = 2
ADSK, TSCO
Staying Below 30 DMA
CTSH, WYNN, CA, DTV, CHTR,
CSCO, GOOG, SBUX, VOD, VRTX, ADBE, MDLZ, EXPD, PCAR, MU, MYL, LINTA, ILMN,
QCOM, TRIP, GMCR, KRFT, LLTC, NXPI, VIAB, XLNX, SNDK, MAT, ADI, GRMN, FAST,
MXIM,
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market Trend:
Up
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