Stocks Energized by Rising Oil for 3rd Straight Day...Small Caps, Large Caps Shine...Financials Jump as Rates Rise...

All nine sectors moved higher on Tuesday…XLE, XLB and XLY were the strongest sectors and XLU was the weakest.

 

Breadth strengthened as advancers led decliners 4.06 to 1 on the NYSE and 2.69 to 1 on the NASDAQ.

Tuesday – strengthened, advancers led

Monday – strengthened, advancers led

Friday – weakened, decliners led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

SPY up 2.92 at 204.84 on 124.2 million shares

VIX down 2.10 at 17.33…

TNX up 1.07 at 17.80…

TLT down 2.91 at 134.57...

XLF up .39 at 23.77 on 53.7 million shares, above average volume

AAPL up .02 at 118.65 on 51.9 million shares

FB up .41 at 75.40…on 26.9 million shares

Technical Commentary:

IWM +1.79%, DIA +1.77%, SPY + 1.45%, QQQ + 0.96%.

Energy and financial stocks lifted the broad market as oil prices rose for the third straight day.  The large cap DJIA was lifted by gains in CVX, XOM and GS as all 30 stocks rose.  The small cap RUT saw gains in ODP, ESPR, SLCA, SSNC, HLSS, PE and more than 1600 stocks.

SPX oil & gas stocks DNR, RRC, HP, RIG, XEC, NBR and MUR were again among the leaders.  SPLS, FCX, ETN, AVP and CNX were among the more than 400 gainers in the SPX.

Interest rates rose and led to a MACD histogram divergence bounce in XLF, FAS and many individual financial stocks.

RUT Movers:  ODP, ESPR, SLCA, SSNC, HLSS, PE, ADVS, DGI, LEAF, PDCE, WEX, DAN, HBHC, POL

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 = 205.06...

QQQ = 103.17, 104.58 …

IWM = 119.19, 119.45…

Support Levels

SPY = 200.20, 198.55, 196.77...

QQQ = 100.48, 99.36, 97.94…

IWM = 116.57, 115.32, 114.20...

Earnings this week:

Tuesday:  ADI, CHRW, FISV, GILD

Wednesday: ADP, CTSH, FOXA, GMCR, NXPI, ORLY, SRCL, ATML, UA,

Thursday:  ATVI, CTXS, SIAL, SIRI, SYMC, VOD, EXPE, GPRO, LNKD, TWTR, UBNT, YELP, P, TPX, VRSN,

Friday:  

Q4 Earnings Reaction

Positive Reactions – 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% - AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – 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% - QCOM, FFIV, KBH,

Reversal in progress – BAC, C, IBM, JNJ, JPM, 

Reversal of Initial Reaction – WFC

The SPX Market Forecast turns up at 36. 

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Setups

Horizontal Breakout: FEYE, IWM, JCP, JD, MTW, SPWR, SPY, STI, V, YOKU, ZION, QIHU, GILD, NFLX, TRIP, STX,

Diagonal Breakout: AMBA, GLD, GDX, JNUG, MBLY, AAL, GOOG,

Bull Flag: LOCO, SWKS, TLT, UAL, ALK, LUV, VXX, AVGO, MNST,  

Potential Bullish Divergence:  DAL, XONE, FB, MU          

Gap Down: WYNN

Bear Flag: BABA, YHOO

Moves

New Highs: BX, SCSS, COST,  

H Breakout: ATI, GPRO, NTES, SLCA, SUNE, TSL, X, JASO, LVS, DTV, QCOM,

D Breakout: AA, CRM, GOGO,

Breakout Test:  

Bull Flag Bounce: BBY, CREE, CTRP, ETFC, GLW, JNPR, KKD, V, QIHU, GRMN, NFLX, SBUX, TXN,

Bounce: HPQ, IBM, IWM, JCP, SPLK, TWTR, UNG, YOKU, BRCM,

MACD Divergence Bounce: BAC, C, CAR, CIEN, FAS, HOG, LC, MS, NKE, RAX, SCHW, SWI, VSLR, YELP, Z, ESI, EBAY, MYL, ROST, SNDK, WDC,

Gap Up:  CSIQ, LNKD, SPY, FSLR, XLE

Gap Down: SSYS

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88 out of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: VIP, SPLS, COST, TRIP, WYNN, DISH, NFLX, TSLA, ADI, LMCA

Lagging NDX stocks included: AAL, VRTX, REGN, ILMN, CELG, EA, MNST, ALXN, AMZN, BIDU

Leading stocks > +2% on Tuesday: CSIQ, TSL, Z, VSLR, SPWR, X, TWTR, ATI, LC, ETFC, FAS, GPRO, MTW, YELP, SPLK, SCHW, LNKD, HPQ, AA, JD, CREE, UNG, SCTY, HOG, JNPR, BBY, BAC, ZION, KKD, YOKU, GOGO, SUNE, CAR, IBM, C, CRM, FEYE

Lagging stocks < -2.0% included: SSYS, VXX, XONE, TLT, UAL

Stocks to Watch on Wednesday

Holding Above 30 DMA = 36

WFM, SIAL, KRFT, MNST, CTSH, FISV, SIRI, NXPI, CELG, ATVI, BIIB, CERN, GILD, VOD, NFLX, EA, ILMN, SBUX, SBAC, LVNTA, AMZN, DLTR, VRSK, TSCO, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY, TSLA, VIP, WYNN

Moving Above 30 DMA = 16

ADP, AVGO, BRCM, CA, CHRW, CTXS, DTV, INTU, LBTYA, LLTC, LMCA, NVDA, ROST, SPLS, SRCL, TXN

Moving Below 30 DMA = 1

REGN                      

Staying Below 30 DMA

ALXN, AAL, FB, HSIC, LRCX, VRTX, BIDU, CHKP, MYL, PAYX, SYMC, MAR, ADBE, CMCSA, COST, CSCO, EBAY, ESRX, MSFT, YHOO, EQIX, AMAT, FAST, INTC, ISRG, KLAC, MDLZ, GMCR, WDC, QCOM, STX, TRIP, AKAM, PCAR, PCLN, VIAB, ADI, DISCA, FOXA, CHTR, ADSK, MAT, MU, ALTR, NTAP, SNDK, AMGN, XLNX

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up