None of nine sectors
moved higher on Thursday…all went
down with XLK being the strongest sector and XLE was the weakest.
Breadth weakened
as decliners
led advancers 3.38 to 1 on the NYSE and 3.29 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – mixed, mixed
SPY down 2.11 at 208.46 on160.7 million shares, above average volume
VIX up 1.16 at 14.55…
TNX up .11 at 20.46…
TLT up .22 at 125.95…
XLF down .19 at 24.13 on 34.7 million shares
AAPL down 3.49 at 125.15 on 83 million shares
FB down 1.70 at 78.77…on 28.9 million shares
Technical Commentary:
IWM -2.12%, QQQ
-1.57%, DIA -1.05%, SPY
-1.00%.
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 = 210.33, 210.70,
211.40...
QQQ = 108.38, 109.17…
IWM = 125.55, 127.13…
Support Levels
SPY = 207.01, 205.39...
QQQ = 105.55, 104.50…
IWM = 123.77, 122.90...
Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 – JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS,
C, AMD, AXP, CE, MAT, NOW
Earnings Week of April 20 – CHKP, HAL, HAS, MS, RCL, STI, IBM, LRCX, ZION, ARMH, ATI,
BHI, DD, HOG, LMT, PCAR, TRV, UA, VZ, AMGN, BRCM, CMG, CREE, ILMN, ISRG, URI,
UTX, YHOO, YUM, ABT, BA, EMC, KO, MCD, CTXS, EBAY, FB, FFIV, ORLY, QCOM, T,
TSCO, TXN, XLNX, ABBV, ALXN, BAX, CAM, CAT, DHR, DOW, DPS, FCX, HP, HSY, LLY, LUV, MMM, MO, NDAQ, PEP, PG, SWK, UNP, ALTR, AMZN, ETFC, GOOGL, HBI, JNPR, KLAC, MSFT, SBUX, SRCL, SWN, AAL, BIIB, STT
Earnings Week of April 27 – AAPL, CHRW, AET, COH, F, GLW, PFE, UPS, VLO, AKAM, ESRX,
VRSK, WDC, WHR, WYNN, GRMN,
MDLZ, BIDU, MAR, NXPI, TRIP, VRTX, CAH, LLL, XOM, ADP, CELG, VIAB, AIG, CME,
EXPE, FSLR, SWKS, V, GILD, MYL, CVX, MCO, WY
Q1 Earnings Reaction
Positive Reactions – AMZN, MSFT, JNPR, SBUX, GOOGL, AAL,
CTXS, CAM, EBAY, FFIV, ORLY, SWK, T, ALTR, BAX, BRCM, DOW, EMC, HP, ILMN, KO,
MCD, NDAQ, YUM, ABT, ATI, LRCX, PCAR, ARMH, AMGN, HAS, CHKP, HAL, MS, STI, NFLX, CE, MAT, C, DAL,
FAST, INTC, JPM, LLTC, STZ, WBA, KMX, DGLY, CTRP, JUNO,
KBH, MFRM, NKE,
More than 10% - AMZN, MSFT, ATI, HAS, NFLX, CE, DGLY, CTRP,
JUNO,
Negative Reactions – HBI, BIIB, STT, TXN, XLNX,
MMM, SRCL, SWN, ALXN, CMG, CREE, DHR, FB, FCX, HSY, ISRG, KLAC, PEP, PG, BA,
HOG, TRV, UA, UNP, URI, YHOO, DD, BHI, RCL, AXP, BAC, GS, JNJ, SNDK, AA,
BBBY, MU, GME, YOKU, XONE,
More than -10% - NOW, AMD, YOKU,
Reversal in progress –
AA, GS,
Reversal of Initial
Reaction – FCX, GME, MU, YOKU, XONE
The SPX Market Forecast is
pointed down at 77.
___________________
Setups
Horizontal Breakout: UPL,
SFUN,
Diagonal Breakout:
Bull Flag: ATI, BBRY, CMGE, CSIQ, CTRP, FEYE, GOGO, JD,
MBLY, PANW, QIHU, RAX, SCTY, SOHU, SPLK, SPWR, VSLR, CYBR, JNPR, TAN, AKAM, DTV,
EA, MNST, MU, SBUX, TSLA,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag: STI,
At Support: CCL, CAR, ZU, AAPL, COST, GRMN, TRIP,
C- Pattern:
Moves
New Highs: NTES,
H Breakout: SINA
(long term),
D Breakout: UNG,
Breakout Test:
Bull Flag Bounce:
YOKU, YY, STX,
Bounce: X, GMCR, WDC,
WYNN,
MACD Divergence Bounce:
Gap Up:
Gap Down: IWM, YELP, ADSK, BIDU, CELG,
C- Pattern:
Bear Flag:
Support Break: AIG, BABA, CREE, EXPE, FSLR, LNKD, LOCO, SWI, UA, ESI,
JDSU, ADSK, WBA, WFM,
______________________
