All nine sectors moved
higher on Tuesday…XLE, XLI and XLK were the strongest sectors
while XLP was the
weakest.
Breadth strengthened…
advancers led decliners…5.17 to 1 on the NYSE and 4.12 to 1 on the NASDAQ.
Tuesday – strengthened, advancers led
Monday – weakened,
decliners led
Friday – weakened, advancers
led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
SPY up 2.25 at 198.41 on 95.4 million shares
VIX down 1.65 at 14.39…
TNX up .27 at 22.84…
TLT down .75 at 119.19...
XLF up .25 at 23.38 on 21.9, below average volume
AAPL up 1.63 at 106.74 on 44.3 million shares
FB up .49 at 80.77…on 50.2 million shares
Technical Commentary:
IWM +2.85%,
QQQ +1.51%, SPY +1.15%, DIA +1.06%.
Stock indexes continue
to rise on earnings and big money buying.
Today BWLD spiced it up as AMGN and MTW gained following
earnings. TWTR was smashed. After the
close X, MAR and SWI rose while FB, GILD and KLAC slid lower after
reporting earnings.
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 Chart Targets:
SPY = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56…
IWM = 114.51, 115.73, 117.48…
Support Levels
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02…
IWM = 111.30, 109.77...
Earnings this week:
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET,
AGN, ACI, CHRW, COH, CNX,
GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR,
PCAR, PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG,
EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE,
GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX,
TEVA, UPL, WWE,
Friday: CBOE, CLX, WY
Q3 Earnings Reactions
Positive Reactions –
AMGN, BWLD, CLF, MTW, STX, WHR, AAPL, ALK, ALXN, APOL,
BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN,
IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT,
SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, ZION, AMD, C, CSX,
DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY,
BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - BWLD, N, EW, TSCO, NKE,
ULTA, LULU, PANW, MFRM,
Negative Reactions – TWTR,
MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR,
KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL,
INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% - P,
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 69.
___________________
Setups
Horizontal Breakout: SPY,
AAL, C, CIEN, GOGO, LNKD, MBLY, MS, SUNE, TPX, XONE, YNDX, CMCSA, TRIP,
Diagonal Breakout: BBRY,
JDSU, SPWR, INTC, SNDK, WDC,
Bull Flag: BBY, BX, CMGE, CTRP,
NTES, SSYS, MNST, ROST,
Gap Up: MAR, SWI, X
Gap Down: FB, GILD, KLAC, WDC, ALXN, PNRA, FISV
Moves
New Highs: BABA, NKE,
SCSS, SPLK, AAPL, CELG, COST, FB, GMCR, YHOO,
H Breakout: AA, AIG, BAC,
CAR, CRM, FAS, HOG, KKD, RCL, SCHW, STI, UAL, GLW, AVGO, BIDU, GOOGL, PCLN,
SBUX, TSLA,
D Breakout: IWM, CIEN, CSIQ, ETFC, LNKD, MS, QIHU, SCTY, AKAM, FFIV, NTAP,
Bull Flag Bounce: AMBA,
MFRM, PANW, V, YNDX, YOKU, BRCM, GMCR, MSFT,
Bounce: GPRO, LOCO, TSL,
MACD Divergence Bounce:
JD, JDSU,
Gap Up: AMGN, BWLD, MTW,
Gap Down: TWTR, LVS,
Support Break: GPRO,
______________________
93 out of 100 NDX stocks closed higher
on Tuesday.
Leading NDX 100 stocks included: TSLA, VIP, AMGN, BIDU, AKAM, AVGO, VOD, CTSH,
FFIV, ISRG
Lagging NDX stocks included: REGN, BIIB, ILMN, MNST, ROST, SIRI, SPLS
Leading stocks > +2% on Tuesday:
QIHU, FEYE, GPRO, SPLK, LOCO, ATI,XONE, X, TSL, YNDX, CRM, CSIQ, AMBA, YOKU,
CAR, SCTY, YELP, RCL, ANGI, CIEN, FAS, KKD, IWM, LNKD, BBRY, SCHW, MFRM, GOGO,
RAX, JD, JDSU, AIG
Lagging stocks < -3.0% included:
TWTR, LVS
Stocks to Watch on Wednesday
Holding Above 30 DMA= 66
SIAL, GMCR, ROST, CHRW,
GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY,
TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT,
MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN,
CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC,
LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM
Moving Above 30 DMA =
11
AVGO, CTRX, DISCA, FFIV, INTC, MXIM, NTAP, NXPI, TRIP, VOD, WDC
Moving Below 30 DMA = 0
Staying Below 30 DMA
BIIB, DTV, EBAY, FAST, NFLX, CSCO, EXPE, DISH, ALTR, CTXS, SNDK, AKAM,
GOOG, LLTC, VIAB, EQIX, SIRI, AMZN, ATVI, TSLA, VIP, MAT, ADI
6-month Intermediate
Term Market Trend: Up/Neutral
3-day Short Term Market
Trend: Up
