Eight of nine sectors
moved higher on Tuesday…XLU, XLF and XLY were the strongest sectors and
XLV was the weakest.
Breadth strengthened as advancers led decliners 1.63
to 1 on the NYSE and 1.37 to 1 on the NASDAQ.
Tuesday – strengthened, advancers led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
Thursday – mixed
Wednesday –
strengthened, advancers led
SPY up .60 at 211.81 on 72.2 million shares, below average volume
VIX down .87 at 13.69…
TNX down .71 at 19.88…
TLT up 1.68 at 129.67...
XLF up .12 at 24.50 on 27.5 million shares, below average volume
AAPL down .83 at 132.17 on 69.2 million shares, above average volume
FB down .39 at 78.45…on 18.8 million shares, below average volume
Technical Commentary:
DIA +0.55%,
SPY +0.28%, IWM +0.13%, QQQ +0.07%.
FSLR gapped higher on a positive earnings reaction
and SPWR gapped higher on news of a joint venture with FSLR.
DIA, SPY, IWM and QQQ all moved to
new highs. The SPX was led by gains in
FSLR, EXPD, HD, FCX, CNX and EXC. The
DJIA was led by HD, JPM, INTC, CAT, IBM and GS.
The NDX was also led by EXPD and semiconductor stocks XLNX,
KLAC, ALTR, BRCM, INTC, AMAT, NXPI, LLTC, LRCX and TXN.
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 = 211.45, 212.95...
QQQ = 109.41, 111.16…
IWM = 122.50, 123.54…
Support Levels
SPY = 210.18, 208.97,
207.24...
QQQ = 107.27, 106.41,
105.85…
IWM = 121.41, 120.82,
119.39...
Earnings this week:
Monday: ESRX
Tuesday: FSLR, HPQ, LC,
SPWR, CMCSA, SLCA
Wednesday: CRM, YOKU,
AVGO
Thursday: DDD, GOGO,
JCP, MBLY, SPLK, ADSK, MNST, ROST
Friday:
Q4 Earnings Reaction
Positive Reactions – SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN,
RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH,
CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN,
AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO,
TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON,
KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM
More than 10% - SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH,
MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP,
X
Negative Reactions – SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC,
KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, QCOM,
JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV,
IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,
More than -10% - TPX, ZU, ZNGA, EXPE, GPRO, YELP, P,
TPX, QCOM, FFIV, KBH,
Reversal in progress – AAL, AXP, BIDU, CHRW, FFIV, GILD, ISRG,
JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX, VRTX,
Reversal of Initial Reaction – TSLA, QCOM, STT, TPX, WDC, ALTR,
ATML, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, SFUN, SRCL, SYMC, WYNN, XLNX, AA,
BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION
The SPX Market Forecast is at 98.
___________________
Setups
Horizontal Breakout: ATI,
BX, C, EMC, FAS, IBM, JUNO, TPX, V, YELP, ZION, CELG, CMCSA, GMCR, INTC, STX,
Diagonal Breakout: CMGE,
LOCO, TSLA, YHOO,
Bull Flag: ANGI, BAC, BBY, DGLY, FEYE, LNKD, RAX,
RCL, SCSS, SWI, TWTR, UBNT, UNG, VJET, XONE, Z, ADBE, AKAM, FB, GOOGL, MAR, NFLX,
SNDK, WDC,
Potential Bullish
Divergence: BABA
Gap Down: HPQ, LC, SLCA
Moves
New Highs: DIA, SPY,
IWM, QQQ, CREE, SWKS, ETFC, JNPR, SUNE, AVGO, ESRX, LRCX, MNST, TXN,
H Breakout: AMBA, KKD,
GOGO, GPRO, JCP, KKD, UPL, EBAY
D Breakout: NKE
Bull Flag Bounce: CIEN,
KKD, MS, SCHW, STI, X, BRCM, PCLN, XLNX,
Bounce: AMBA, TLT, DAL, UAL, AAL, CMCSA,
MACD Divergence Bounce:
Gap Up: SPWR, FSLR,
CSIQ, JASO, TSL, TAN, MNST,
Gap Down: LVS, WYNN,
MU
______________________
54 out of 100 NDX stocks
closed higher on Tuesday and one was
unchanged.
Leading NDX 100 stocks included: EXPD, XLNX, KLAC, ALTR, BRCM, SIRI, MNST,
DISCA, INTC, AMAT
Lagging NDX stocks included: WYNN, VOD, VIP, STX, MU, WDC, SNDK, TSLA,
SBAC, HSIC
Leading stocks > +2% on Tuesday:
SPWR, FSLR, UPL, CSIQ, AMBA, JCP, VJET, SUNE, X, GOGO, KKD, UAL, CREE, TSL,
SWKS
Lagging stocks < -2.0% included:
LVS, XONE, VXX, SPLK, Z, JD
Stocks to Watch on
Wednesday
Holding Above 30 DMA = 83
WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB,
CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG,
BBBY, CTRX, DISH, EXPD, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA,
ROST, TXN, ADBE, CHTR, PAYX, ADI, LLTC, AKAM, ADSK, AMAT, AVGO, INTU, LRCX, MAR,
MU, PCLN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, TRIP, WDC, XLNX, CHKP,
DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, SNDK, ALXN, AMGN, FB, SRCL, CELG, REGN, TSLA, VIAB, AAL, VRTX, CHRW, MSFT
Moving Above 30 DMA =
2
GMCR, KLAC
Moving Below 30 DMA = 5
BBBY, ISRG, STX, TSLA,
VOD, WYNN
Staying Below 30 DMA
SYMC, GRMN, KRFT, NTAP, SPLS, BIDU, YHOO, FAST, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
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