Tuesday, September 2, 2014

Stocks Closed Mixed...S&P 500 Holds Above 2K Level...Numerous Bull Flag Bounces Today...GPRO...AAPL...TSLA...All Make New Highs...

Five of nine sectors moved higher on Monday…XLF, XLI and XLY were the strongest sectors…XLE was the weakest sector. 

Breadth weakened as decliners led advancers 1.07 to 1 on the NYSE and 1.45 to 1 on the NASDAQ where advancers led decliners.

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


SPY down .10 at 200.61 on 72.1 million shares
VIX up .27 at 12.25…
TNX up .76 at 24.19…
TLT down 2.05 at 116.73...
XLF up .09 at 23.45 on 29.4 million shares

AAPL up .80 at 103.30 on 53.4 million shares
FB up 1.86 at 76.68…on 34.7 million shares

Technical Commentary:
IWM + 0.55%, QQQ + 0.29%, DIA – 0.18%, SPY – 0.05%.



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 = 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 Next Week: MFRM, CIEN,

Q2 Earnings Reactions
Positive Reactions – 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% - SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – 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 – BBY, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO, APOL, KBH, MON,


The SPY Market Forecast green line is at 96.

____________________


Setups
Horizontal Breakout: BBRY, BX, C, FAS, GLW, KKD, LNKD, MS, ADBE, COST, CTXS, EXPE, FB, MSFT, MYL, NFLX,
Diagonal Breakout: CRM, GME, P, SFUN, STI, TPX, ZION,
Bull Flag: BBY, CAR, EMC, JCP, JD, NTES, EBAY, ESRX, GMCR,
Potential Bullish Divergence:  
Gap Up:
Gap Down:
Bear Flag:   
At Support:   
C- Pattern

Moves
New Highs: GPRO, PANW, UAL, AAPL, AVGO, FFIV, GILD, TSLA,
H Breakout: CSIQ, FEYE, IWM, RAX, SPLK, UBNT, BIDU,  
D Breakout:
Bull Flag Bounce: AAL, BAC, CTRP, DAL, GTAT, NKE, PANW, SOHU, UAL, AMZN, GOOG,  
Gap Up: TSLA, YHOO,  
Gap Down: LVS, UNG, WYNN,  
Bounce: JASO, TSL, UA, V, V, YELP, YNDX,  
MACD Divergence Bounce:  
C- Pattern
Support Break: LVS, MU,      


______________________

61 of 100 NDX stocks closed higher and one was unchanged on Monday.


Leading NDX 100 stocks included: SPLS, RSLA, BIDU, AVGO, EXPE, REGN, FB, YHOO, DISH, GILD, DLTR

Lagging NDX stocks included: WYNN, MU, SNDK, LBTYA, QCOM, MDLZ, STX, EBAY, AMGN

Leading stocks > +2% on Monday included: LOCO, SPLK, FEYE, CSIQ, CTRP, PANW, TSL, UAL, AAL

Lagging stocks < -2.0% included: JD, JDSU, JCP, UPL, SUNE, ESI, LVS, UNG, XONE, VJET, CIEN

Stocks to Watch on Wednesday
Holding Above 30 DMA= 83
CHRW, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, ISRG, YHOO, 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, AVGO, DISH, HSIC, KLAC, LMCA, ORLY,SRCL, STX, VIP, ALTR, AMAT, BRCM, TXN, ADBE, ILMN, LINTA, TSCO, VOD, FAST, NXPI, SNDK, GMCR, TRIP, AMZN, CMCSA, DTV, KRFT,  VRTX, LBTYA, MXIM, SPLS, LLTC, MYL, XLNX

Moving Above 30 DMA = 3
BIDU, CA, CHTR                          

Moving Below 30 DMA = 4
ADI, MU, QCOM, SBUX                                                                                                            

Staying Below 30 DMA
GRMN, PCLN, GOOG, DLTR, PCAR, ADSK, CTSH, WYNN, CSCO, MDLZ, EXPD, VIAB, MAT

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up

1 comment:

John D. said...

Welcome back Dave! I hope you had a wonderful and restful vacation.