Eight of nine sectors
moved lower on Tuesday…XLU, XLY and XLE were the strongest sectors and XLV was the weakest
again today.
Breadth weakened
as decliners
led advancers 1.43 to 1 on the NYSE and 1.51 to 1 on
the NASDAQ.
Tuesday – weakened, decliners led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
decliners led
Wednesday – weakened,
decliners led
SPY down 1.82 at 206.43 on 126.2 million shares, above average volume
VIX up .78 at 15.29…
TNX down .29 at 19.34…
TLT up .28 at 130.69…
XLF down .17 at 24.11 on 21.1 million shares, below average volume
AAPL down 1.94 at 124.43 on 42 million shares
FB down .98 at 82.22…on 19.7 million shares, below average volume
Technical Commentary:
QQQ – 1.06%,
DIA – 1.01%, SPY –
0.87%, IWM – 0.32%.
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, 203.49...
QQQ = 105.38, 104.44…
IWM = 122.77, 121.22, 119.83...
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 SPX Market Forecast is down at 33.
___________________
Setups
Horizontal Breakout: BX,
MFRM, SCSS, SCTY, SWI, UA, ESRX,
Diagonal Breakout: SCHW,
UPL, ZION, CAR, HOG, MTW, MU, QCOM,
Bull Flag: CSIQ, JASO, JD, SOHU, TSL, TWTR,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CELG, MSFT,
C- Pattern:
Moves
New Highs: AMBA, ETFC,
CCL,
H Breakout: RCL,
D Breakout:
Breakout Test:
Bull Flag Bounce: VSLR,
Bounce: GME, LC, QIHU,
DDD,
MACD Divergence Bounce:
BBRY, DAVE, YOKU,
Gap Up: JCP, PCLN,
Gap Down:
C- Pattern:
Bear Flag: CREE, CRM,
Support Break: CMGE, LNKD, GILD,
______________________
16 out of 100 NDX stocks closed higher
on Tuesday.
Leading NDX 100 stocks included: CHTR, MU, ESRX, LVNTA, PCLN, MAT, QCOM, ADBE,
BBBY, VRSK
Lagging NDX stocks included: CELG, ALXN, KRFT, ADI, AVGO, AMGN, LRCX, VRTX,
SBAC, GILD
Leading stocks > +2% on Tuesday:
JCP, VSLR, VXX, ZNGA, UPL, QIHU
Lagging stocks < -2.0% included: CMGE, DGLY, X, ATI, BBY, LNKD
Stocks to Watch on Wednesday
Holding Above 30 DMA = 37
MNST, NXPI, BIIB, DLTR,
COST, EXPD, ROST, AKAM, AVGO, LVNTA, SRCL, REGN, MYL, CERN, FB, SBUX, AAL,
AMGN, SIAL, YHOO, CTXS, KRFT, ORLY, ADI, ALTR, BBBY, CA, EA, EQIX, VRSK, XLNX,
BIDU, CTRX, ESRX, FISV, ISRG, MDLZ
Moving Above 30 DMA = 1
CHTR
Moving Below 30 DMA = 10
ATVI, CHKP, CTSH, FAST,
HSIC, INTU, PAYX, PCAR, SPLS, VIP
Staying Below 30 DMA
GOOG, ALXN, CELG, CHRW,DISCA, EBAY, FOXA, LMCA, MAR, MSFT, SBAC, SIRI,
SNDK, TRIP, TSCO, TSLA, TXN, VRTX, AAPL, BRCM, CMCSA, KLAC, LBTYA, LLTC, NVDA,
PCLN, VIAB, ADBE, ADP, AMZN, GILD, ILMN, ADSK, AMAT, GMCR, QCOM, CSCO, DISH,
DTV, LRCX, NTAP, WFM, NFLX, WDC, MU,STX, SYMC,VOD, WYNN, GRMN, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
