Eight out of nine
sectors moved higher on Friday…XLV, XLI and XLF were the strongest sectors and
XLE was the weakest.
Breadth strengthened as advancers led decliners
2.10 to 1 on the NYSE and 1.14 to 1 on the NASDAQ.
Friday – strengthened, advancers led
Thursday – mixed
Wednesday –
strengthened, advancers led
Tuesday – mixed
Monday – Holiday
SPY up 1.26 at 211.24 on 140.8 million shares, above average volume
VIX down .99 at 14.30…
TNX up .20 at 21.33…
TLT up .37 at 126.54...
XLF up .18 at 24.44 on 32.6 million shares, below average volume
AAPL up 1.04 at 129.49 on 48.9 million shares, below average volume
FB up .47 at 79.89…on 36.9 million shares, above average volume
Technical Commentary:
DIA +0.86%,
QQQ +0.67%, SPY +0.60%, IWM +0.27%.
On the day that the Greek government obtained a 4-month
extension from the EU on its bailout the SPY, DIA and IWM all broke out
of horizontal resistance to new all-time highs. The QQQ also broke to new highs but is
still below its all-time high in 2000.
Large bullish candles on a weekly chart:
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 = 208.97, 207.24...
QQQ = 106.41, 105.85…
IWM = 121.41, 120.82,
119.39...
Earnings this week:
Monday: ESRX, SOHU
Tuesday: FSLR, HPQ, LC, SPWR,
CMCSA
Wednesday: CRM, YOKU,
AVGO
Thursday: DDD, GOGO,
JCP, MBLY, SPLK, ADSK, MNST, ROST
Friday:
Q4 Earnings Reaction
Positive Reactions – 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% - 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: BX,
DAL, EMC, EXPE, GOGO, JUNO, UBNT, V, CELG, ESRX, MNST, MSFT, WFM,
Diagonal Breakout:
YELP, GILD,
Bull Flag: BAC, BBRY, CAR, CSIQ, JASO, KKD, LNKD, LOCO, RAX, SCSS, TSL, X, XONE, VJET,
BRCM, COST, GOOG, INTC, MU, MAR, SNDK, XLNX,
Potential Bullish
Divergence: CTRP,
C- Pattern: AAL,
Moves
New Highs: SPY, QQQ,
IWM, DIA, AAPL, ADBE, AKAM, AMZN, AVGO, EA, NFLX, TXN, FEYE, JNPR, PANW, SPLK, SWKS,
UA,
H Breakout: CREE,
CRM, TWTR, UBNT, CELG, EBAY
Bull Flag Bounce:
ATI, C, ETFC, FAS, GLW, MS, MTW, SCHW, SSYS, STI, ZION, CMCSA, STX,
Bounce:
Z
______________________
79 out of 100 NDX stocks
closed higher on Friday and one was
unchanged.
Leading NDX 100 stocks included: INTU, VRTX, TSCO, CELG, EQIX, TSLA, AAL, GMCR,
ALXN, VOD
Lagging NDX stocks included: GRMN, NXPI, GOOG, REGN, YHOO, DISC, BRCM,
FAST, LVNTA, SIRI
Leading stocks > +2% on Friday:
FEYE, UBNT, UNG, LC, MBLY, Z, CMGE, DAL,, UAL, MTW, ATI, PANW, CTRP, FAS, CREE,
SPWR, SSYS
Lagging stocks < -2.0% included:
CAR, VXX, DGLY, LOCO
Stocks to Watch on Monday
Holding Above 30 DMA = 82
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, WYNN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, SYMC, TRIP,
WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, SNDK, ALXN, AMGN,
FB, SRCL, CELG, REGN, TSLA, VIAB,
VOD
Moving Above 30 DMA = 5
AAL, BBBY, KLAC, STX, VRTX
Moving Below 30 DMA = 0
Staying Below 30 DMA
GRMN, CHRW, KRFT, NTAP, SPLS, BIDU, MSFT, YHOO, FAST, GMCR, INTC, ISRG, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
No comments:
Post a Comment