Eight of nine sectors
moved lower on Friday…XLP, XLU and XLY were the strongest sectors and
XLV was the weakest.
Breadth strengthened as advancers
led decliners 1.04 to 1 on the NYSE and
weakened on the NASDAQ where decliners led advancers 1.61 to 1.
Friday – mixed
Thursday – mixed
Wednesday – weakened,
advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
SPY down .72 at 210.66 on 88.4 million shares, below average volume
VIX down .57 at 13.34…
TNX down .14 at 20.02…
TLT up 1.08 at 129.53...
XLF down .09 at 24.35 on 23.5 million shares, below average volume
AAPL down 1.95 at 128.46 on 61.2 million shares, above average volume
FB down 1.44 at 78.97…on 30.4million shares
Technical Commentary:
SPY -0.34%, QQQ
-0.44%, DIA -0.45%, IWM
-0.54%.
The SPX which pulled back into a
bull flag pattern on Friday
was led by strong earning reactions in MNST and ROST followed by
gains in ADSK, DO, GPS, KSS, AES, NBR, FCX, HPQ, SND, SPLS and XRX.
RUT Gainers:
DGI, SEMG, SLCA, HSNI, AMSG, PBYI, CVLT
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:
COST, MYL, AMBA, BBY, CIEN, CSIQ, CTRP, JD,
PANW, SSYS, TSL, VSLR
Q4 Earnings Reaction
Positive Reactions – AVGO, CRM, MNST, ROST, ADSK, GOGO, 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% - AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP,
FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB,
NFLX, FSL, EA, TUP, X
Negative Reactions – JCP, SPLK, LL, LC, HPQ, 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% - LL, LC, 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 95.
___________________
Setups
Horizontal Breakout: AIG,
BX, CMGE, MTW, SCSS, SLCA, UBNT, YELP, ZION, CMCSA, XLNX,
Diagonal Breakout: STI,
Bull Flag: SPY, ANGI, CREE, ETFC, EXPE, FAS, FEYE, GLW,
GOGO, IBM, JCP, JNPR, JUNO, KKD, LNKD, RCL, SCHW, SPWR, SUNE, SWI, UPL, Z, TAN,
AAPL, AKAM, AVGO, CELG, ESRX, GILD, LRCX, NFLX, PCLN, WDC, WFM,
Potential Bullish
Divergence: BABA, GPRO
Moves
New Highs: CIEN,
FSLR, UA, ADBE, ADSK, GOOG,
H Breakout: GMCR
Bull Flag Bounce: JDSU,
SCSS, SNDK
Gap Up: MNST, ROST
Support Break: GPRO
______________________
32 out of 100 NDX stocks
closed higher and three were unchanged on Friday.
Leading NDX 100 stocks included: MNST, ROST, ADSK, VIP, SBAC, SNDK, SPLS, GMCR,
XLNX, BBBY
Lagging NDX stocks included: AAL, CTRX, DISH, TSLA, FB, NFLX, FAST, ILMN,
AAPL, ALXN
Leading stocks > +2% on Friday:
SLCA, JDSU, HPQ, RWLK, SCSS
Lagging stocks < -2.0% included:
JCP, GPRO, NTES, SFUN, SPLK, UAL, DAL,
DGLY, TWTR, QIHU, XONE, FEYE, PA, AA
Stocks to Watch on Monday
Holding Above 30 DMA = 79
WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB,
CERN, EA, NFLX, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG, BBBY, 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, LVNTA, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL,
PCAR, QCOM, ALXN, AMGN, FB, SRCL, CELG, REGN, VIAB, VRTX, CHRW, MSFT, KLAC, NTAP, GMCR
Moving Above 30 DMA =
2
SNDK, STX
Moving Below 30 DMA = 3
EQIX, ILMN, TSLA
Staying Below 30 DMA
CTRX, HSIC, SYMC, AAL, BBBY, ISRG, VOD, WYNN, GRMN, KRFT, SPLS,
BIDU, YHOO, FAST, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
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