Monday, November 24, 2014

Stocks Rally Again...To Set Another New Record High For S&P 500 And DJIA...Making New Highs...FAS, PANW,RCL, SWKS, AAPL, CELG, FFIV...

Six out of nine sectors moved higher on Monday…XLY, XLF and XLB were the strongest sectors while XLU was the weakest.
 
Breadth weakened slightly on the NYSE as advancers led decliners…1.66 to 1 on the NYSE and strengthened 2.44 to 1 on the NASDAQ


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


SPY up .59 at 207.27 on 65.5 million shares, below average volume
VIX down .28 at 12.62…
TNX down .05 at 23.10…
TLT up .10 at 120.20...
XLF up .17 at 24.38 on 18.5 million shares

AAPL up 2.12 at 118.59 on 46.8 million shares
FB up .15 at 73.90…on 22 million shares, below average volume

Technical Commentary:
DIA + 0.06%, SPY + 0.59%, QQQ + 0.78%, IWM + 1.20%.



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 = 207.33, 209.06, 210.49...
QQQ = 103.37, 106.94
IWM = 117.48, 118.25, 119.37, 121.27…

Support Levels
SPY = 203.13, 201.90, 200.06...
QQQ = 102.42, 101.38, 100.56
IWM = 115.04, 114.37, 113.35...



Q3 Earnings Reactions
Positive Reactions – ADSK, JASO, ROST, SPLK, 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 – CRM, JD, MBLY, 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% - GME, 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 97.

___________________

Setups
Horizontal Breakout: BAC, CIEN, ETFC, GLW, HPQ, IWM, JDSU, KKD, LVS, MS, SCSS, STI, WLT, ZION, JCP, AKAM, ILMN, MAR, SNDK, XLNX,
Diagonal Breakout: DGLY, FEYE, MBLY, SCTY, SPWR, TPX, ANR, CMCSA, GOOGL,    
Bull Flag: AAL, DAL, EMC, MFRM, UAL, Z,
Potential Bullish Divergence:  
Gap Up:   
Gap Down:   
Bear Flag:  
At Support:     
C- Pattern

Moves
New Highs: FAS, PANW, RCL, SWKS, AAPL, CELG, FFIV,    
H Breakout: AIG, BX, C, FAS, MU,     
D Breakout: DDD,       
Breakout Test: 
Bull Flag Bounce:    
Bounce: SSYS,    
MACD Divergence Bounce:    
Gap Up:
Gap Down: UNG,  
C- Pattern:  
Bear Flag:  
Support Break:    

______________________


82 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: ILMN, DISH, KLAC, CELG, CHTR, DISCA, VRTX, SNDK, INTC, BBBY, AAPL, SYMC

Lagging NDX stocks included: GMCR, ADSK, NFLX, VOD, DTV

Leading stocks > +2% on Monday: DGLY, ANGI, SCTY, MBLY, YY, LOCO, AMBA, WLT, BABA, CREE, GPRO, XONE, SWKS


Lagging stocks < -2.0% included: TSL, CMGE, UNG


Stocks to Watch on Tuesday
Holding Above 30 DMA= 90
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, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB, ATVI, CTXS, VIP

Moving Above 30 DMA = 1
DISCA                                                                                                                                                            

Moving Below 30 DMA = 0                                                           
                                                                                       
Staying Below 30 DMA
GMCR, WYNN, BIIB, GILD, GOOG, QCOM, TRIP, FB, NFLX

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up











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