Friday, February 20, 2015

SPX, DJIA All-time Highs...

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.

                    (click image to enlarge)

Large bullish candles on a weekly chart:
                    (click image to enlarge) 


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

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