Four out of nine
sectors moved higher on Wednesday…however
XLP, XLB and XLF were the strongest sectors…XLU was the
weakest sector.
Breadth strengthened as advancers led decliners 1.47 to
1 on the NYSE and 1.51 to 1 on the NASDAQ.
Wednesday – strengthened advancers led
Tuesday – weakened, decliners led
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
Thursday – weakened,
decliners led
SPY up .06 at 192.07 on 94.7 million shares
VIX down .50 at 16.37…
TNX down .09 at 24.74…
TLT up .07 at 114.70...
XLF up .09 at 22.26 on 37 million shares
AAPL down .16 at 94.96 on 38.5 million shares
FB down .22 at 72.47…on 30.9 million shares
Technical Commentary:
IWM + 0.32%, DIA
+ 0.17%, SPY +
0.03%, QQQ – 0.07%.
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 13.
____________________
Setups – The following stocks will be monitored this week
for potential
moves: AAPL, GILD, AA, HPQ, TWTR, FB, BIDU, EMC,
CTRX, UA, WDC, ESRX
Moves for Wednesday:
Bull Flag Bounce Continuation: CTXS,
UA, WDC, ESRX, GILD
______________________
55 of 100 NDX stocks closed
higher on Wednesday.
Leading NDX 100 stocks included: TSLA, REGN, NFLX, ALXN, SBAC, AMZN, CERN,
COST, GOOG
Lagging NDX stocks included: CTSH, WYNN, EXPD, VIAB, CHRW, DISCA MU, MYL,
ADBE
Leading stocks > +2% on Wednesday
included: SCTY, YOKU,
FSLR
Lagging stocks < -2.0% included:
FEYE, SFUN, GOGO, LVS, SPLK, YNDX
Stocks to Watch on Thursday
Holding Above 30 DMA= 28
CHRW, BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, DISCA, FB, BBBY,
CERN, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, BIIB, ISRG, YHOO, SPLS, ESRX, DLTR,
TSLA, WFM
Moving Above 30 DMA =
1
ATVI
Moving Below 30 DMA = 6
AAPL, CHKP, MSFT, TSCO, WYNN,
CTSH
Staying Below 30 DMA
ADP, BRCM CA CELG, MAR
STX,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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