Thursday, February 5, 2015

Stocks Strengthened With Solid Gains...TWTR Up In After Hours Trading After Upbeat QTR Report...Radio Shack Files For Bankruptcy...ORLY Gains 8.06%...SPLK Up 8.67%...

All nine sectors moved higher on Thursday…XLB, XLV and XLE were the strongest sectors and XLP was the weakest.
 
Breadth strengthened as advancers led decliners 3.13 to 1 on the NYSE and 2.82 to 1 on the NASDAQ.

Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – strengthened, advancers led
Friday – weakened, decliners led


SPY up 2.06 at 206.12 on 97.7 million shares
VIX down 1.48 at 16.85…
TNX up .18 at 18.15…
TLT down 1.48 at 133.32...
XLF up .24 at 23.95 on 24.5 million shares

AAPL up .85 at 119.94 on 42.2 million shares
FB down .02 at 75.61…on 15 million shares

Technical Commentary:
IWM + 1.29%, DIA + 1.14%, SPY + 1.01%, QQQ + 0.87%.


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 = 202.51, 201.62, 200.20...
QQQ = 102.10, 101.65, 100.48
IWM = 1117.38, 116.57, 115.32...


Earnings this week:
Monday: 
Tuesday:  ADI, CHRW, FISV, GILD, WYNN
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 – CTSH, FISV, ADP, 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 – GILD, CHRW, 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% - QCOM, FFIV, KBH,

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

Reversal of Initial Reaction – WFC


The SPX Market Forecast rising at 46.

___________________

Setups
Horizontal Breakout: SPY, AIG, BAC, CTRP, EXPE, FAS, IBM, JNPR, LNKD, PANW, QIHU, YOKU, AVGO, ROST, TSLA, TXN,   
Diagonal Breakout: CRM, EMC, HPQ, MFRM, RAX, SUNE, ANGI, DDD, ADBE, ADSK, MU, TRIP,
Bull Flag: FSLR, SWKS,   
Potential Bullish Divergence:   
Gap Up:                
Gap Down:
Bear Flag:  
At Support:
C- Pattern:   

Moves
New Highs: V, EA, SBUX,  
H Breakout: IWM, AMBA, GOGO, SCHW, SLCA, STI, ZION, UPL, BRCM, PCLN,  
D Breakout: CAR, SWI,
Breakout Test:  
Bull Flag Bounce: BBRY, CELG, ILMN,  
Bounce: CIEN, MBLY, RCL, XONE,
MACD Divergence Bounce:
Gap Up: FEYE, SPLK,  
Gap Down: BX, GMCR,  
C- Pattern:  
Bear Flag:
Support Break: BABA,

______________________


77 out of 100 NDX stocks closed higher on Thursday.


Leading NDX 100 stocks included: ORLY, CHTR, VIP, EA, REGN, CELG, BIIB, AMZN, LMCA, ISRG, SIRI, ADI, CSCO, VRTX, MYL

Lagging NDX stocks included: FOXA, GMCR, COST, DISCA, NXPI, VOD, YHOO

Leading stocks > +2% on Thursday: SPLK, SSYS, ATI, JUNO, FEYE, SLCA, GPRO,  AMBA, AA, SCTY, ZION, GOGO, MTW, CIEN

Lagging stocks < -2.0% included: ESI, UBNT, VXX, BABA, X, UAL, UNG


Stocks to Watch on Thursday
Holding Above 30 DMA = 51
WFM, SIAL, KRFT, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, NFLX, VOD, ILMN, LVNTA, SBAC, SBUX, AMZN, DLTR, TSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY, TSLA, VIP, ADP, AVGO, BRCM, CA, CTXS, DTV, INTU, LBTYA, LMCA, NVDA, ROST, SRCL, TXN, ADBE, CHTR, CMCSA, HSIC, PAYX

Moving Above 30 DMA = 6
ADI, CELG, EQIX, LLTC, REGN, SYMC

Moving Below 30 DMA = 0
                   

Staying Below 30 DMA
CHRW, GILD, SPLS, WYNN, ALXN, AAL, FB, LRCX, VRTX, BIDU, CHKP, MAR, MYL, CSCO, EBAY, ESRX, MSFT, YHOO, AMAT, FAST, GMCR, INTC, ISRG, KLAC, MDLZ, WDC, QCOM, STX, TRIP, AKAM, DISCA, FOXA, PCAR, PCLN,VIAB, ADSK, MAT, MU, ALTR, NTAP,SNDK, AMGN, XLNX

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up


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