Six of nine sectors
moved higher on Wednesday…XLU, XLI and XLP were the strongest sectors and
XLE was the weakest.
Breadth strengthened as decliners led advancers 1.18
to 1 on the NYSE and 1.09 to 1 on the NASDAQ where
advancers led decliners.
Wednesday – strengthened, advancers led
Tuesday – mixed
Monday – Holiday
Friday – weakened, advancers
led
Thursday – strengthened,
advancers led
SPY up .02 at 210.13 on 80 million shares, below average volume
VIX down .35 at 15.45…
TNX down .79 at 20.66…
TLT up .75 at 127.01...
XLF down .15 at 24.36 on 29.5 million shares, below average volume
AAPL up .89 at 128.72 on 44.8 million shares, below average volume
FB up 1.11 at 76.71…on 22.4 million shares
Technical Commentary:
SPY +
0.01%, IWM + 0.11%, QQQ + 0.14%, DIA – 0.06%.
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...
Earnings this week:
Monday: NTES, SOHU,
Tuesday: AKAM, CERN,
REGN, SFUN
Wednesday: AMAT, BIDU,
FEYE, HSIC, NTAP, NVDA, SCSS, TRIP, TSLA, WFM, ZU
Thursday: KRFT, Z, ZNGA
Friday:
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 95.
___________________
Setups
Horizontal Breakout: BBY,
IBM, SUNE, EBAY, MNST, MYL, ROST,
Diagonal Breakout: C,
CMGE, ESI, UAL, CELG, GMCR,
Bull Flag: BAC, EXPE, GLW, JASO, KKD, SCSS, STI, TWTR,
SINA, UPL, VJET, AMZN, BRCM, CMCSA, FB, GOOGL,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: IWM, RAX, VRSN,
AAPL, EA, MAR, SBUX,
H Breakout: JCP, JD, SPLK,
SFUN,
D Breakout: DAL,
Breakout Test:
Bull Flag Bounce:
Bounce: LOCO, NKE, UA,
MACD Divergence Bounce:
Gap Up:
Gap Down: QIHU, GRMN,
C- Pattern:
Bear Flag:
Support Break:
______________________
47 out of 100 NDX stocks
closed higher on Wednesday.
Leading NDX 100 stocks included: AAL, WFM, WDC, SRCL, NXPI, CEL, EQIX, TRIP,
CTSH, EA, FB, MNST, CERN, LMCA
Lagging NDX stocks included: GRMN, VIAB, VOD, LLTC, INTC, CHTR, ALTR, SYMC,
MAT, VIP, FOXA, NVDA
Leading stocks > +2% on Wednesday:
Z, JUNO, LOCO, ESI, SPLK, XONE, UAL, JD, RAX
Lagging stocks < -2.0% included:
GPRO, QIHU, DGLY, SSYS, X, SCHW, ZION
Stocks to Watch on Thursday
Holding Above 30 DMA = 73
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,
Moving Above 30 DMA = 4
ALXN, AMGN, FB, SRCL
Moving Below 30 DMA = 3
GRMN, VIAB, VOD
Staying Below 30 DMA
CHRW, KRFT, CELG, NTAP, TSLA, REGN, SPLS, AAL, VRTX, BIDU, MSFT, YHOO,
FAST, GMCR, INTC, ISRG, KLAC, STX, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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