Six out of nine
sectors moved higher on Wednesday…XLI, XLY
and XLF were the strongest sectors…XLP was the weakest
sector.
Breadth weakened as advancers led decliners 1.05 to 1 on the NYSE and 1.66 to 1 on the
NASDAQ where decliners led advancers.
Wednesday – weakened,
mixed
Monday – strengthened,
advancers led
Friday – weakened, decliners led
Thursday – weakened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened, decliners led
SPY up .53 at 198.92 on 72.5 million shares
VIX down .43 at 11.78…
TNX up .21 at 24.26…
TLT down .19 at 115.99...
XLF up .06 at 22.93 on 26.5 million shares
AAPL up .06 at 100.57 on 52.5 million shares
FB down .48 at 74.81…on 22.8 million shares, below average volume
Technical Commentary:
IWM – 0.49%,
QQQ + 0.00%, SPY + 0.27%, DIA + .42%.
SPY made a new all-time high close the day after QQQ made a new high close. DIA moved closer to its July 16 high while IWM had a pulled back after breaking out of a reversal pattern.
Traders continue to follow your entry rules.
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,
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 78.
____________________
Setups
Horizontal Breakout: SPY,
BBRY, BBY, C, FAS, GOGO, JD, KNDI, NKE, QIHU, SCHW, SUNE, TSL, UA, CRM, HOG,
JNPR, KKD, AKAM, CTXS, INTC, MSFT, NFLX, ROST, STX,
Diagonal Breakout: AAL,
ADBE, GMCR,
Bull Flag:
CTRP, EMC, NTES, SINA, TLT, X, EXPE, NTAP, PCLN, TSLA,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: SWKS, YELP,
FFIV, MAR,
H Breakout: DAL, UAL,
CIEN, AVGO, DTV,
D Breakout: AIG, SPWR, MU,
Bull Flag Bounce:
Gap Up:
Gap Down: YOKU,
Bounce:
MACD Divergence Bounce:
C- Pattern:
Support Break:
______________________
60 of 100 NDX stocks
closed higher on Wednesday.
Leading NDX 100 stocks included: MYL, MU, SNDK, FFIV, QCOM, GRMN, NXPI, TSCO,
ILMN, PCAR, SBAC
Lagging NDX stocks included: SPLS, WFM, ADBE, ISRG, MAT, BIIB, YHOO, MSFT,
PAYX, EXPD
Leading stocks > +2% on Wednesday
included: KNDI, UAL,
BBRY, DAL, JD, HOG
Lagging stocks < -2.0% included:
YOKU, JASO, GTAT, WLT, SPLK
Stocks to Watch on Thursday
Holding Above 30 DMA= 76
CHRW,
BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE,
REGN, AMGN, CTXS, FFIV, PCLN, ISRG, YHOO, SPLS, ESRX, 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, ALTR, AMAT, BRCM, TXN, ADBE,
GOOG, ILMN, LINTA, TSCO, VOD, ADI, FAST, LLTC, MU, SBUX
Moving Above 30 DMA = 6
DLTR, GRMN, NXPI, PCAR, QCOM, SNDK
Moving Below 30 DMA = 0
Staying Below 30 DMA
ADSK, CTSH, WYNN, CA,
DTV, CHTR, CSCO, VRTX, MDLZ, EXPD, MYL, TRIP, GMCR, KRFT, VIAB, XLNX, MAT, MXIM
Sixteen Week Intermediate
Term Market Trend: Up
3-Day Short Term Market
Trend: Up
No comments:
Post a Comment