All nine sectors moved
higher on Tuesday…XLV, XLB and XLI were the strongest sectors
while XLE was the
weakest.
Breadth strengthened as advancers
led decliners…1.53 to 1 on
the NYSE and
1.52 to 1 on the NASDAQ
Tuesday – strengthened, advancers led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led NYSE
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
SPY up 1.18 at 205.55 on 76 million shares, below average volume
VIX down .13 at 13.86…
TNX down .18 at 23.22…
TLT up .33 at 119.52...
XLF up .08 at 24.14 on 12.6 million shares
AAPL up 1.37 at 115.36 on 44.2 million shares
FB up .10 at 74.34…on 20.6 million shares, below average volume
Technical Commentary:
QQQ + 0.75%, SPY
+ 0.58%, IWM +
0.58%, DIA + 0.27%.
QQQ reaches 14-year high as
SPY and DIA make a new all-time
high as both semiconductors and
financials gain.
(click image to
enlarge)
GILD, QCOM, AMGN and INTC gains accounted for 11.1 points of the 28.4 point rise in the NDX on Tuesday.
(click image to
enlarge)
REGN +13.57, +3.4% gained following drug approval in Japan. Other biotech/healthcare gains included ILMN,
GILD, ALXN, CELG, and MYL.
JASO +0.69, +8.85% gains on earnings lifts solar stocks TSL, JKS, SCTY, CSIQ, SPWR and FSLR.
SUNE +4.87, +29.32% and TERP +6.91,
+26.74% gain after announcing they will buy First Wind
for $2.4 billion making SUNE the
world’s largest renewable-energy development company.
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 = 204.61, 207.33...
QQQ = 103.37, 106.94…
IWM = 117.48, 119.37,
121.27…
Support Levels
SPY = 201.90, 199.61, 198.06...
QQQ = 100.56, 99.59…
IWM = 115.04, 113.35...
Earnings this week: CMGE, CRM, GME, JASO, JD, MBLY, SPLK,
Q3 Earnings Reactions
Positive Reactions –
GOGO, RAX, NTES, XONE, YOKU, VJET, BABA, MNST, WFM, ABC, ACI, AMGN,
BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN,
GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX,
SWI, SWKS, TASR, V, WY, X, 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% - GOGO,
RAX, WFM, GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU,
PANW, MFRM,
Negative Reactions – SINA,
YY, SWKS, FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM,
CHRW, COH, FB, GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, 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% - CSIQ, FSLR, UBNT, ZU, AEM,
P, TPX,
Reversal in progress – P, PCLN, TPX, NFLX,
COH, GRMN, KO, MDC, VMW,
Reversal of Initial
Reaction – AMZN, FEYE, SWKS, Z, BA, BAC, CHRW, CMG, COF, CREE, DECK, DNKN, DOW,
EAT, EBAY, F, GM, GOOGL, INTC, JNJ, JNPR, JPM, KEY, LMT, LUV, MAT, NDAQ, UA,
WFC, XRX, ADBE, ALTR, ALTR, AXP, AZO, BTU, K, KKD, KRFT, MRK, PNRA,
The SPY Market Forecast is at 98.
___________________
Setups
Horizontal Breakout: C,
GPRO, LVS, EXPE, TSLA, WFM,
Diagonal Breakout: AIG,
SCTY, DDD, JNPR, WDC,
Bull Flag: BBRY, MS, RAX, ZNGA,
BIDU, MAR, MSFT, SBUX,
At Support: LOCO,
Moves
New Highs: SPY, DAL, NKE,
NTES, SWKS, UAL, AAPL, AVGO, BRCM, COST, ESRX, GMCR, STX, TXN,
H Breakout: AA, AAL,
CAR, AVGO, INTC,
Bull Flag Bounce: SPLK,
SUNE, SWI, TSL, UA, UAL, GRMN, MU, XLNX,
Bounce: BAC, CSIQ, MTW,
SPWR, ADBE, CELG, GILD, ILMN, QCOM, TRIP,
Gap Up: BX, SUNE, JASO,
______________________
68 of 100 NDX stocks closed higher on Tuesday and one
was unchanged.
Leading NDX 100 stocks included: DISH, ILMN, REGN, AVGO, GILD, ALXN, XLNX,
SNDK, ALTR, DISCA, TRIP, NVDA
Lagging NDX stocks included: SPLS, YHOO, CTXS, VOD, MSFT, NTAP, BIDU,VRSK
Leading stocks > +2% on Tuesday:
SUNE, CMGE, TSL, KNDI, UAL, AMBA, SCTY, CSIQ, DAL, MTW, FSLR, AAL, GPRO, SWKS
Lagging stocks < -2.0% included:
YOKU, ANGI WLT, BABA, YY, LOCO
Stocks to Watch on
Wednesday
Holding Above 30 DMA= 90
GMCR, ROST, CHRW, GRMN,
MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO,
VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, ILMN, KRFT, MAR, PCAR,
SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA,
SBAC, SBUX, STX, ADBE, ADSK, KLAC, LMCA,
MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM,
BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, ATVI, CSCO, DTV, EBAY, EXPE, FAST,
INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB,
WYNN
Moving Above 30 DMA =
0
Moving Below 30 DMA = 1
CTXS
Staying Below 30 DMA
BIIB, GILD, GOOG, QCOM, VIP, TRIP, DISCA, FB, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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