Thursday, September 18, 2014

Another Record High For S&P 500 And DJIA...Biggest IPO EVER Goes Public Tomorrow...BABA Set To Open At $68...Making New Record Highs...SPY, AIG, C, FAS, MS, RCL, SCHW, SWKS, AKAM, AVGO, BRCM, FFIV, GMCR, MAR, TXN...


Seven of nine sectors moved higher on Thursday…XLF, XLV and XLB were the strongest sectors…XLU was the weakest sector. 

Breadth weakened slightly…advancers led decliners…1.54 to 1 on the NYSE and strengthened 1.49 to 1 on the NASDAQ.


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


SPY up 1.07 at 201.82 on 94.5 million shares, above average volume
VIX down .62 at 12.03…
TNX up .29 at 26.29…
TLT up .36 at 113.16...
XLF up .23 at 23.81 on 51.5 million shares, above average volume

AAPL up .21 at 101.79 on 36.9 million shares
FB up .57 at 77.00…on 22.9 million shares

Technical Commentary:
SPY + 0.53%, DIA + 0.60%, IWM + 0.61%, QQQ + 0.75%.



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 = 200.00, 201.37, 204.32...
QQQ = 99.75, 101.13…
IWM = 115.73, 117.06, 118.76...

Support Levels
SPY = 197.59, 196.24, 195.16...
QQQ = 99.08, 97.99, 97.51…
IWM = 115.51, 114.31, 113.49...

Earnings this Week: ADBE,

Q2 Earnings Reactions
Positive Reactions – LULU, PANW, ULTA, MFRM, SPLK, AVGO, CRM, GPS, TFM, FL, AMAT, CSIQ, GME, HPQ, PCLN, NTES, ROST, 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% - ULTA, LULU, PANW, MFRM, SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – KKD, CIEN, BBY, QIHU, TSL,  ADSK, CREE, GOGO, JASO, JDSU, JWN, M, RAX, YOKU, 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 – KKD, BBY, TSL, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO, APOL, KBH, MON,


The SPY Market Forecast green line is at 87.

____________________


Setups
Horizontal Breakout: CSIQ, EMC, NTES, PANW, STI, SWI, V, ZION, BIDU, COST, DTV, FB, INTC, MSFT, MYL, QCOM, WFM,  
Diagonal Breakout: AAL, BX, DAL, IWM, SOHU, SUNE, VRSN, AAPL, CELG, CTSH, EBAY, EXPE, GILD, GOOG, MU, TRIP,
Bull Flag: BBRY, GME, GPRO, CMCSA,
Potential Bullish Divergence: 
Gap Up:
Gap Down:
Bear Flag: 
At Support: YOKU,   
C- Pattern:                                                                          

Moves
New Highs: SPY, AIG, C, FAS, MS, RCL, SCHW, SWKS, AKAM, AVGO, BRCM, FFIV, GMCR, MAR, TXN,     
H Breakout: AIG, FAS, GOGO, SWKS, ZU, ADSK, CTXS, SNDK, TXN,
D Breakout: IBM, JD, NKE, CREE, LVS, ESRX,
Bull Flag Bounce
Gap Up: LVS, WYNN,  
Gap Down:    
Bounce: KKD, SFUN, UAL, CIEN, ADBE, WDC,   
MACD Divergence Bounce: JD,    
C- Pattern:  
Bear Flag:

Support Break: 

  
______________________

86 of 100 NDX stocks closed higher on Thursday and one was unchanged.


Leading NDX 100 stocks included: BIDU, AKAM, NXPI, VRTX, SNDK, WYNN, AVGO, TRIP, GILD, PCLN, WDC, FFIV, CTXS

Lagging NDX stocks included: DISH, YHOO, BBBY, VIP, CMCSA

Leading stocks > +2% on Thursday included: JD, GOGO, SWKS, KKD, FAS, C

Lagging stocks < -2.0% included: MBLY, FEYE, LOCO, YY, BBRY, KNDI

Stocks to Watch on Friday
Holding Above 30 DMA= 68
INTC, SYMC, SBAC, NTAP, COST, BBBY, CERN, AMGN, CTXS, FFIV, ISRG, YHOO, MSFT, ADP, CTRX, MNST, ROST, CHKP, MAR, PAYX, FISV, SIRI, VRSK, AKAM, AVGO, DISH, KLAC, LMCA, ALTR, AMAT, BRCM, TXN, FAST, NXPI, SNDK, GMCR, CMCSA, DTV, KRFT, VTX, SPLS, CHTR, DLTR, EXPD, QCOM, INTU, AAPL, CSCO, LBTYA, ADSK, CA, CELG, ESRX, FB, GILD, GOOG, ILMN, MXIM, MYL, ORLY, REGN, XLNX, BIDU, CHRW, LLTC, MU, SIAL, WFM

Moving Above 30 DMA = 6  
EQIX, MDLZ, NVDA, VIAB                                                    

Moving Below 30 DMA = 0
  

                                                                                             
Staying Below 30 DMA
CTRX, EXPE, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, STX, TRIP, TSLA, VIP, ALXN, HSIC, EBAY, SBUX, SRCL, TSCO, DISCA, MAT, ADI, VOD, BIIB, WDC, GRMN, PCLN, PCAR, CTSH, WYNN

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

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