All nine sectors moved
lower on Tuesday…XLB, XL and XLI were the strongest sectors and XLU was the weakest.
Breadth weakened
as decliners
led advancers 1.29 to 1 on the NYSE and 1.10 to 1 on
the NASDAQ.
Tuesday – weakened, decliners led
Monday- weakened,
advancers led
Friday – strengthened,
advancers led
Thursday – mixed, mixed
Wednesday –
strengthened, advancers led
SPY down 1.18 at 208.82 on 77.7 million shares, 20% below
average volume
VIX up .21 at 13.62…
TNX down .37 at 18.78…
TLT up 1.27 at 132.62…
XLF down .20 at 24.37 on 18.3 million shares, 34% below average volume
AAPL down .52 at 126.69 on 32.8 million shares, 42% below
average volume
FB up .88 at 85.31…on 32.5 million shares, 27% above
average volume
Technical Commentary:
IWM -0.02%, QQQ
-0.36%, SPY -0.56%, DIA
– 0.56%.
The SPX drifted lower on Tuesday following a CPI
report of 0.2%. SPY pulls back on
light volume. The NDX -0.33% was led by gains in NFLX, GOOG, EBAY,
EA, GILD and FB. FB makes another new all-time closing high.
Financials
XLF and Semiconductors $SOX were lower on Tuesday. Small cap IWM was near unchanged at the
close on Tuesday.
Solar stock FSLR gets mention on financial TV,
SCTY, TSL and VSLR sizzle on Tuesday.
TWTR +3.01,
+6.21% on
horizontal breakout. Price target:
54.89
DGLY +1.48,
+11.77% on a
positive earnings reaction on an 865% volume increase.
GOGO -1.20,
-5.79% following
announcement that Thomas McShane to resign as VP, Controller, Chief Accounting
Officer.
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 = 212.24...
QQQ = 108.94…
IWM = 126.22…
Support Levels
SPY = 205.86...
QQQ = 105.62…
IWM = 122.77...
Earnings this Week
BBRY, CMGE, DGLY, GME, CCL,
Q4 Earnings Reaction
Positive Reactions – DGLY, CTRP, JUNO, KBH, MFRM,
NKE, 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% - DGLY, CTRP, JUNO, 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 – YOKU, XONE, 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, WFC,
More than -10% - YOKU, LL, LC, TPX, ZU,
ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,
Reversal in progress –
ZNGA, AXP, BIDU, FFIV, GILD, ISRG, JCP, JDSU, JNJ, KLAC, MSFT, NTAP, RCL, SOHU,
STX, YHOO
Reversal of Initial
Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JDSU, JPM, KSU, MCD, PCAR,
QCOM, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION
The SPY Market Forecast is flat at 78.
___________________
Setups
Horizontal Breakout: EA,
GOOGL, ROST, TSLA, ESI, JD, LOCO, SCTY, SLCA, YELP, ZNGA
Diagonal Breakout: AAPL,
PANW, RCL, UPL, ZION,
Bull Flag: SPY, AAL, AVGO, BRCM, CELG, MAR, MYL, SBUX,
SNDK, TXN, YHOO, AIG, BBY, C, ETFC, FAS, GOGO, JUNO, NKE, RAX, SCSS, STI, TPX, UA,
VSLR, NCLH
Bear Flag: WYNN, GLD, HPQ,
At Support: NTAP, BAC, CAR, FEYE, SPLK
Moves
New Highs: COST, FB, AMBA,
JASO, MBLY, SUNE, TAN, VRSN,
H Breakout: TWTR, CSIQ,
TSL, X, QIHU
Breakout Test: NTES, SOHU
Bounce: FSLR, SCTY,
TLT,
MACD Divergence Bounce:
NFLX,
Gap Up: DGLY
Bear Flag: QCOM, STX, WDC, HOG,
Support Break: CMCSA, WFM,
______________________
24 out of 100 NDX stocks
closed higher on Tuesday.
Leading NDX 100 stocks included: NFLX, VIP, GOOG, EBAY, EA, GILD, GMCR, TSLA,
FB, PCAR
Lagging NDX stocks included: EQIX, MAT, CMCSA, MAR, BIIB, NTAP, WYNN, VIAB,
WDC, ALTR
Leading stocks > +2% on Tuesday:
DGLY, TWTR, SCTY, FSLR, JASO, UPL, JD, TSL, X
Lagging stocks < -2.0% included:
GOGO, MTW, LC, FAS
Stocks to Watch on Wednesday
Holding Above 30 DMA = 56
MNST,
CTSH, NXPI, SIRI, ATVI, BIIB, DLTR, VRSK, COST, GOOG, EXPD, VIP, LMCA, ROST, CHTR,
PAYX, ADI, AKAM, AVGO, INTU, MAR, LVNTA, TRIP, CHKP, EBAY, SRCL, VRTX, CHRW,
SNDK, EQIX, REGN, MYL, ORLY, CERN, FB, SBUX, TSCO, AAL, AMGN, CELG, FISV, LLTC, SIAL, TXN, ALXN, FAST,
YHOO, BIDU, CA, CTXS, HSIC, DISCA, EA, FOXA, PCAR, SBAC, SPLS
Moving Above 30 DMA =
2
MSFT, TSLA
Moving Below 30 DMA = 13
AAPL, ALTR, BRCM, CMCSA,
ESRX, ISRG, KLAC, LBTYA, LLTC, NVDA, PCLN, VIAB, XLNX
Staying Below 30 DMA
ADBE, ADP, AMZN, GILD, ILMN, ADSK, AMAT, GMCR, BBBY, QCOM, CSCO, DISH, DTV, LRCX, NTAP, WFM, MDLZ, NFLX, WDC, MU,
STX, CTRX, SYMC, VOD, WYNN, GRMN, KRFT, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Neutral
