Seven of nine sectors
moved higher on Tuesday…XLV, XLF and XLE were the strongest sectors and
XLY was the weakest.
Breadth strengthened as decliners led advancers 1.32
to 1 on the NYSE and 1.28 to 1 on the NASDAQ where
advancers led decliners.
Tuesday – mixed
Monday – Holiday
Friday – weakened, advancers
led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
SPY up .33 at 210.11 on 76.8 million shares, below average volume
VIX up 1.11 at 15.80…
TNX up 1.24 at 21.45…
TLT down 1.93 at 126.26...
XLF up .08 at 24.51 on 14.05 million shares, below average volume
AAPL up .75 at 127.83 on 62.9 million shares
FB down .14 at 75.60…on 25.2 million shares
Technical Commentary:
QQQ + 0.10%,
DIA + 0.13%, SPY + 0.16%, IWM + 0.31%.
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 = 210.35, 211.45...
QQQ = 107.56, 109.41…
IWM = 122.50, 123.54…
Support Levels
SPY = 208.97, 207.24...
QQQ = 105.85, 105.26,
104.58…
IWM = 121.41, 120.82,
119.39...
Earnings this week:
Monday: NTES, SOHU,
Tuesday: AKAM, CERN,
REGN, SFUN
Wednesday: AMAT, BIDU,
FEYE, HSIC, NTAP, NVDA, SCSS, TRIP, TSLA, WFM, ZU
Thursday: KRFT, Z, ZNGA
Friday:
Q4 Earnings Reaction
Positive Reactions – 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% - TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT,
ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – 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% - ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM,
FFIV, KBH,
Reversal in progress – AXP, ISRG, JNJ, JPM, QCOM, STT,
Reversal of Initial Reaction – AA, BAC, C, HSIC, IBM, KBH, KSU,
MCD, WFC, ZION
The SPX Market Forecast rising at 91.
___________________
Setups
Horizontal Breakout: BBY,
BX, CAR, CIEN, CREE, EMC, GOGO, IBM, JCP, ZION, SINA, TPX, ADSK, ESRX, ROST,
Diagonal Breakout: C, DAL,
GPRO, HOG, HPQ, NKE, VSLR, EBAY, GMCR,
Bull Flag: FSLR, KKD, LNKD, SCSS, COST,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: IWM, PANW,
AAPL, ADBE, AKAM, AVGO, EA, MAR, SBUX, TXN,
H Breakout: FEYE
(long term), SLCA,
D Breakout: CMGE, SFUN, MYL,
Breakout Test:
Bull Flag Bounce:
Bounce: AMBA, YY,
MACD Divergence Bounce:
Gap Up: KNDI, PCLN,
Gap Down:
C- Pattern:
Bear Flag:
Support Break:
______________________
54 out of 100 NDX stocks
closed higher on Tuesday and one was
unchanged.
Leading NDX 100 stocks included: ADI, MAR, AKAM, GILD, ATVI, ALTR, BIIB, PCLN,
GRMN, SIRI
Lagging NDX stocks included: VIP, DISCA, YHOO,
Leading stocks > +2% on Tuesday:
GPRO, SLCA, JD, AMBA, FEYE, CMGE, CSIQ, BBRY, LC, Z, UBNT, SCHW
Lagging stocks < -2.0% included:
XONE, SSYS, MFRM, BABA
Stocks to Watch on Wednesday
Holding Above 30 DMA = 76
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, GRMN, 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, VOD, WYNN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA,
SYMC, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, SNDK,
VIAB
Moving Above 30 DMA = 0
Moving Below 30 DMA = 2
ALXN, CHRW
Staying Below 30 DMA
REGN, SRCL, SPLS, AAL, FB, VRTX, BIDU, MSFT, YHOO, FAST, GMCR, INTC,
ISRG, KLAC, STX, MAT, AMGN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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