Eight of nine sectors
moved higher on Thursday…XLF, XLY and XLK were the strongest sectors and
XLU was the weakest.
Breadth was strengthened as advancers led
decliners 3.70 to 1 on the NYSE and decliners led advancers 2.70 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday –
strengthened, mixed
Tuesday – weakened,
decliners led
Monday – holiday
Friday – strengthened, advancers
led
SPY up 2.98 at 206.06 on 173.4 million shares, above average volume
VIX down 2.45 at 16.40…
TNX up .43 at 18.96…
TLT down .01 at 133.40...
XLF up .55 at 24.00 on 79 million shares
AAPL up 2.80 at 112.35 on 53.7 million shares
FB up .87 at 77.61…on 19.4 million shares
Technical Commentary:
IWM + 2.04%,
QQQ + 1.85%,SPY + 1.49%, DIA + 1.47%.
The SPX produced a volatile intraday
move of up, down, up once again which followed the expected move by the
ECB of a QE bond buying program of 60 billion Euros a month.
The SPX was led by gains in AVP, LUV,
KEY, EBAY, RF, CCI, JCI, UNP, NFLX, CMA, HCBK, BAC, AMZN, MTB and UA.
Thursday RUT Movers: JNS, ALDR, WETF, JBLU, WBS, DLX, UBSI, HLS,
UMBF, FNB, IGTE, BBRY, MW, LEAF, MBFI, FDML, SYNA, PVTB, UMPQ, WTFC, FMER, LQ,
WAFD, TCB, WAL. Eleven of the top 25 gainers were in the regional bank
industry.
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 = 203.91, 205.10, 208.97...
QQQ = 102.44, 103.11, 105.26…
IWM = 117.89, 118.72, 121.41…
Support Levels
SPY = 198.85, 196.77...
QQQ = 99.62, 98.20…
IWM = 114.36, 112.61...
Earnings this week:
Tuesday: ATI, BHI, CREE, DAL, IBM, JNJ, MS, NFLX
Wednesday: AXP, EBAY,
FFIV, GD, SNDK, URI, UNH, XLNX
Thursday: ALK, ALTR, ETFC, ISRG, KLAC, MXIM, SWKS, LUV,
SBUX, TRV, UNP, UAL, VZ
Friday:
GE, HON, KSU, KMB, MCD, ST
Q4 Earnings Reaction
Positive Reactions – NFLX,
CREE, UNH, DAL, BHI, SNX, LLTC, TSM
More than 10% - NFLX
Negative Reactions – JNJ,
IBM, AA, BAC, C, JPM, KBH, WFC,
More than -10% - KBH,
Reversal in progress –
Reversal of Initial Reaction –
The SPX Market Forecast is pointed up at 44.
___________________
Setups
Horizontal Breakout: CREE,
GLW, MFRM, TWTR, TPX,
Diagonal Breakout: AA,
ATI, BABA, CIEN, CRM, ETFC, EXPE, FAS, IWM, KKD, MBLY, NKE, SPLK, FSLR, SINA,
SSYS
Moves
New Highs: BX, DAL, RCL,
SWKS, UAL,
H Breakout: LOCO, YY,
D Breakout: SPY, BBRY, HOG, LNKD, RAX, STI, UA
Bounce: AIG, BAC, BBY,
C, CAR, IBM, JCP, MS, SCHW, Z, ZION, YNDX,
MACD Divergence Bounce:
ANR
______________________
85 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: EBAY, NFLX, SBAC, AMZN, SYMC, DLTR, AAL, TSCO,
DISH, HSIC
Lagging NDX stocks included: XLNX, BIIB, SNDK, WDC, VIP, CHKP, PCAR, BRCM,
NXPI, MYL
Leading stocks > +2% on Thursday:
ETFC, CREE, BBRY, FAS, UA, X, BAC, HPQ, C, STI, SCHW, UAL, ZION, TWTR, RAX,
JCP, EMC
Lagging stocks < -2.0% included:
DGLY, GPRO, LC, UNG, FEYE, PANW,
Stocks to Watch on Friday
Holding Above 30 DMA = 45
WFM, SIAL, CHKP, KRFT,
MNST, SRCL, AVGO, HSIC, CTSH, FISV, NXPI, PAYX, SIRI, CELG, DTV, ADP, ATVI,
BIIB, CERN, CSCO, CTRX, EA, GILD, NFLX, VOD, VRTX, AAL, ILMN, LLTC, REGN, TXN, AMAT,
BBBY, BIDU, DISH, GMCR, GOOG, KLAC, LMCA, LRCX, LVNTA, MDLZ, NVDA, SBAC, SBUX
Moving Above 30 DMA =
21
AAPL, ADBE, AMZN, CHRW, CMCSA, DLTR, EBAY, EQIX,
ESRX, EXPD, FAST, FB, GRMN, INTC, ISRG, MAR, MSFT, ROST, SYMC, TSCO, VRSK
Moving Below 30 DMA = 2
BRCM, VIP
Staying Below 30 DMA
CA, MYL, SPLS, WDC, COST, QCOM, STX, TRIP, ORLY, 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
1 comment:
Thanks Dave! I read your postings everyday and they are very important and helpful!
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