SPX, RUT, AAPL New All-time Closing Highs...Energy Continues Rebound...

Six of nine sectors moved higher on Friday…XLE, XLB and XLK were the strongest sectors and XLU was the weakest.

 

Breadth weakened as advancers led decliners 1.67 to 1 on the NYSE and 1.70 to 1 on the NASDAQ.

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – Mixed, decliners led

SPY up .86 at 209.78 on 93.6 million shares, below average volume

VIX down .65 at 14.69…

TNX up .35 at 20.21…

TLT down 1.33 at 128.19...

XLF down .02 at 24.43 on 18.9 million shares

AAPL up .62 at 127.08 on 54.2 million shares

FB down .49 at 75.74…on 18.6 million shares

Technical Commentary:

QQQ +0.86%, IWM +0.60%, SPY +0.41%, DIA +0.26%. 

The SPX which fell -3.1% in January with 12 down days and only 8 up days has totally reversed that price action in the first two weeks of February, gaining 5.1% on 6 up days and four down days, one of which was near unchanged.  Buyers have clearly taken over during the past two weeks.

The NDX which added another +36.06 points to Thursday’s 50.69 point gain was led by moves in MSFT, CMCSA, EBAY, AMZN, BIDU, GILD, GOOG, ALXN, INTC, and ADBE.

SPY and SPX made a new all-time closing highs.  The SPX was led by gains in PXD, VFC, HP, DNR, NLSN, AVP, IPG, NFX, NBR, FCX, QEP and NBL.  PXD, HP, DNR, NFX, NBR, QEP and NBL are oil & gas Energy sector stocks.

Oil gained $1.31 to close at 52.65 to help XLE gain as the leading sector.

AAPL, +0.62, +0.49% made another all-time closing high and finished the day with a $740 billion market cap.

RUT Movers:  COLM, JCOM, EIGI, WAGE, BRS, HNI, TRAK, PE, RSPP

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...

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 82. 

___________________

Setups

Horizontal Breakout: BBY, BX, CREE, CRM, GLW, GOGO, IBM, JCP, SWI, Z, DDD, SINA, UPL, YNDX, ADBE, GOOGL, LRCX, MAR, ROST,

Diagonal Breakout: C, CMGE, GLD, HOG, HPQ, VSLR, EBAY, MYL, STX,

Bull Flag: KKD, LNKD,  

Potential Bullish Divergence: 

Gap Up:              

Gap Down:

Bear Flag:   

At Support:

C- Pattern:   

Moves

New Highs: IWM, RAX, AKAM, BRCM, CMCSA, TXN,  

H Breakout: CIEN, LVS, SCTY, SPLK, SUNE, X, WYNN,   

D Breakout: ADSK,  

Breakout Test: 

Bull Flag Bounce: CR, QIHU, SOHU, YOKU, TSLA,   

Bounce: BBRY, BIDU, NTAP,  

MACD Divergence Bounce:

Gap Up: FEYE,  

Gap Down: ZNGA,  

C- Pattern:  

Bear Flag:  

Support Break: AMBA,  

                                                   ______________________

77 out of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: VIP, LBTYA, VRTX, DISCA, NTAP, BIDU, ALXN, EBAY, WYNN, TRIP

Lagging NDX stocks included: KRFT, SIRI, MNST, SPLS, LVNTA, NXPI, FB, BBBY, SRCL, MDLZ

Leading stocks > +2% on Friday: FEYE, UPL, SOHU, VJET, X, SLCA, SPLK, TPX, P, LVS, AIG, GOGO, CRM, QIHU, UNG, BBRY, YOKU, BABA, LC

Lagging stocks < -2.0% included: AMBA, UBNT, RWLK, DGLY, SCHW

Stocks to Watch on Monday

Holding Above 30 DMA = 67

WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, NFLX,  ILMN, SBAC, SBUX, AMZN, DLTR, TSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, CMCSA, 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

Moving Above 30 DMA = 12

ALXN, CHKP, CHRW, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, SNDK, VIAB

Moving Below 30 DMA = 1

KRFT                                                                  

Staying Below 30 DMA

CELG, NTAP, TSLA, 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