Only one out of nine
sectors moved higher on Wednesday…XLE, XLF and XLB were the strongest sectors and XLV
was the weakest.
Breadth weakened
as decliners
led advancers 1.98 to 1 on the NYSE and 2.14 to 1 on
the NASDAQ.
Wednesday – weakened, decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – mixed, mixed
Thursday – strengthened,
advancers led
SPY down .87 at 210.57 on125.6 million shares, above average volume
VIX up .98 at 13.39…
TNX up .62 at 20.35…
TLT down 1.56 at 125.73…
XLF down .01 at 24.32 on 40.5 million shares
AAPL down 1.92 at 128.64 on 63.2 million shares
FB down .22 at 80.47…on 26.4 million shares
Technical Commentary:
IWM -1.09%, QQQ
-0.63%, DIA -0.43%, SPY
-0.41%.
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 at 85.
___________________
Setups
Horizontal Breakout: BX,
SCHW, SINA (long term), TPX (long term), UPL, AA, DAVE, EMC, HPQ, INTC, NTAP,
PCLN, STX,
Diagonal Breakout: FAS,
STI,
Bull Flag: SPY, ATI, CMGE, CTRP, DAL, EXPE, FEYE,
FSLR, JD, MBLY, PANW, QIHU, RAX, SPWR, YELP, YOKU, TAN, YY, AAPL, BIDU, EA, GOOGL,
MNST, MU,
Potential Bullish
Divergence:
Gap Up: MAR,
Gap Down:
Bear Flag:
At Support: IWM, LC, LOCO, UA, CELG, GRMN, WFM,
C- Pattern:
Moves
New Highs: CRM, ETFC,
NTES,
H Breakout: BAC, MS,
ZION,
D Breakout: C,
Breakout Test:
Bull Flag Bounce: SPLK,
SUNE, V, CYBR, SFUN, YNDX, ADBE,
Bounce: SLCA,
MACD Divergence Bounce:
Gap Up: AMBA, GPRO,
Gap Down: SSYS, X, LVS, AKAM, WYNN,
C- Pattern:
Bear Flag:
Support Break: GME, SCSS, SWI, GLW, KKD, KNDI, UAL, ADSK, FB, ROST, YHOO,
______________________
28 of 100
NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: VRSK, MDLZ, CHTR, MAR, MYL, BIIB, DISCA, CTXS,
ALXN, ALTR
Lagging NDX stocks included: WYNN, AAL, GRMN, DLTR, ESRX, YHOO, ORLY, WDC,
ROST, ADSK
Leading stocks > +2% on Wednesday:
GPRO, CRM, SINA, AMBA, TFC, SLCA, VXX, UNG, BAC
Lagging stocks < -2.0% included: SSYS, X, TWTR, LOCO, VJET, SWI, SCSS, DDD,
XONE, BABA, CMGE, YOKU, UBNT, GME, FSLR, DAL, JCP, BBY, JD, CCL, JUNO, RCL
Stocks to Watch on
Thursday
Holding Above 30 DMA = 53
LVNTA, SIAL, KRFT, ORLY, ADI, VRSK, XLNX, CTRX,
MDLZ, VIP, CTXS, TSLA, MYL, DTV, NFLX, PCLN, SBUX, GILD, PCAR, VIAB, STX, TSCO,
VOD, MAT, AKAM, CSCO, INTC, MU, SYMC, AAPL, AMZN, ATVI, BIDU, CHKP, EA, MNST,
MSFT, REGN, SIRI, BRCM, LRCX, FAST, INTU, NTAP, ADBE, EBAY, FOXA, GOOG, LBTYA,
MAR, NVDA, QCOM, CA
Moving Above 30 DMA = 2
CHTR LMCA
Moving Below 30 DMA = 10
AAL, CERN, CMCSA, ESRX,
FISV, GRMN, KLAC LLTC, WDC, WYNN
Staying Below 30 DMA
VRTX,
ADSK, ALTR, AMGN, CELG, DISCA, HSIC, SBAC, SPLS, ALXN, BIIB, FB, ILMN, SRCL,
AVGO, ISRG, NXPI, TXN, YHOO, WBA, CTSH, DLTR, ADP, BBBY, COST, EXPD, ROST,
PAYX, CHRW, SNDK, TRIP, AMAT, GMCR, DISH, WFM
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
