One of nine sectors
moved higher on Friday…XLU, XLK and XLY were the strongest sectors and
XLB was the weakest.
Breadth was weakened as decliners led advancers 1.23 to 1 on
the NYSE and
1.25 to 1 on the NASDAQ.
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, mixed
Tuesday – weakened,
decliners led
Monday – holiday
SPY down 1.13 at 204.97 on 117.5 million shares
VIX up .26 at 16.66…
TNX down .79 at 18.17…
TLT up 1.85 at 134.77...
XLF down .26 at 23.77 on 27.6 million shares
AAPL up .58 at 112.98 on 46.4 million shares
FB up .18 at 77.82…on 16.7 million shares
Technical Commentary:
QQQ + 0.22%,
IWM -0.07%, SPY -0.55%,
DIA -0.85%.
The SPX produced its first weekly gain
rising 32 points, 1.6% this week. The
SPX paused after a four day rally and pulled back to Thursday’s S1
level. Through Friday’s close the
SPX has risen for six days and fallen for nine days and is down -7 points or -0.34% YTD. The SPX formed a bullish engulfing
pattern on the weekly chart.
The NDX gained on Friday and is up 41
points or +0.98% YTD. NDX gainers on Friday included SBUX, DLTR,
NFLX, AVGO, ILMN and ALXN.
The SPX was led by gains in ETFC, SBUX,
VLO, TSO, MPC, HON, URI, HAR, DLTR, NFLX, HAS and EXPE.
Friday’s RUT Movers: PBYI, PCRX, MSCC, ABY.
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 = 205.10, 206.42, 208.97...
QQQ = 105.26…
IWM = 117.89, 118.72, 121.41…
Support Levels
SPY = 204.02, 202.33, 201.50...
QQQ = 103.72, 102.59, 101.35…
IWM = 116.57, 115.10, 114.20...
Earnings this week:
Monday:
MSFT, STX, TXN, ZION
Tuesday: AAL, AAPL, AMGN, EA, ILMN, WDC, YHOO, FSL,
GLW, JNPR, X,
Wednesday: BIIB, FB,
LRCX, QCOM, TSCO, VRTX, CAVM
Thursday: ALXN, AMZN, BRCM, CELG, CHKP, MAT, VIAB, WYNN,
MCHP, BABA, BX, HOG, JDSU, RCL, SWI,
Friday: PCAR
Q4 Earnings Reaction
Positive Reactions – NFLX,
ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL,
UNH, UNP, SNX, LLTC, TSM
More than 10% - NFLX
Negative Reactions – AXP,
ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH,
WFC,
More than -10% - FFIV, KBH,
Reversal in progress – BAC, C, IBM, JNJ, JPM,
Reversal of Initial Reaction – WFC
The SPX Market Forecast is pointed up at 53.
___________________
Setups
Horizontal Breakout: SPY, XLB, XLE, XLI, XLK, XLU, XLV, ADSK, CREE,
CRM, ETFC, EXPE, FEYE, GME, GPRO, KKD, MFRM, RAX, STI, TWTR, Z
Moves
New Highs: BX, CREE, ETFC, GLW, LOCO, NTES,
SCSS, SWKS, TLT, UAL
______________________
52 out of 100 NDX stocks
closed higher on Friday.
Leading NDX 100 stocks included: SBUX, DLTR, NFLX, AVGO, ILMN, ALXN, SBAC, CA,
CTXS, BIDU
Lagging NDX stocks included: KLAC, GMCR, ALTR, AMAT, TRIP, MDLZ, LMCA,
ISRG, VRTX, MAT
Leading stocks > +2% on Friday:
P, GPRO, ETFC, Z, RWLK, FEYE, QIHU, LNDK, GOGO, UNG, PANW, MBLY, JDSU, EXPE
Lagging stocks < -2.0% included:
X, ATI, SFUN, AMBA, CAR, FAS, UPL, BAC,
LC
Stocks to Watch on Monday
Holding Above 30 DMA = 57
WFM, SIAL, CHKP, KRFT,
MNST, SRCL, AVGO, HSIC, CTSH, FISV, NXPI, PAYX, SIRI, CELG, ADP, ATVI, BIIB,
CERN, CSCO, CTRX, EA, GILD, NFLX, VOD, VRTX, AAL, ILMN, LLTC, REGN, TXN, AMAT,
BBBY, BIDU, DISH, GOOG, LMCA, LRCX, LVNTA, NVDA, SBAC, SBUX, AAPL, ADBE, AMZN,
CHRW, DLTR, EBAY, EQIX, ESRX, EXPD, FB,
GRMN, MAR, MSFT, ROST, SYMC, TSCO, VRSK
Moving Above 30 DMA =
3
CA, COST, ORLY
Moving Below 30 DMA = 9
AMAT, CMCSA, DTV, FAST,
GMCR, INTC, ISRG, KLAC, MDLZ
Staying Below 30 DMA
BRCM, VIP, MYL, SPLS, WDC, QCOM, STX, TRIP, ADI, AKAM, CHTR, DISCA, FOXA,
LBTYA, PCAR, PCLN, VIAB, ADSK, MAT, MU, ALTR, CTXS, INTU, YHOO, NTAP, SNDK,
AMGN, XLNX, ALXN, TSLA, WYNN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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