Five out of nine
sectors moved higher on Friday…XLY, XLU and XLK were the strongest sectors and XLE
was the weakest.
Breadth weakened
as advancers
led decliners 1.03 to 1 on the NYSE and decliners led advancers 1.15 to 1 on the NASDAQ.
Friday – mixed, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
mixed
Monday – strengthened,
advancers led
SPY up .49 at 211.65 on 61.3 million shares, below average volume
VIX down .19 at 12.29…
TNX down .30 at 19.17…
TLT up .80 at 129.07…
XLF down .04 at 24.28 on 18.7 million shares, below average volume
AAPL up .61 at 130.28 on 44.5 million shares
FB down .88 at 81.53…on 29.6 million shares
Technical Commentary:
IWM – 0.33%,
DIA +0.09%, SPY +0.23%, QQQ +1.36%.
The NDX moved higher on the positive
earnings reactions of AMZN, MSFT, GOOGL which accounted for 59 points of the 59.71
points the NDX moved. The other 97
issue netted each other out on Friday.
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 up
at 86.
___________________
Setups
Horizontal Breakout: IWM,
DAL, FEYE, MS, NKE, QIHU, SINA, SPLK, X, CYBR, HPQ, YY, AAL, AAPL, ADBE, ADSK, BIDU,
CMCSA, EA, MNST, PCLN, ROST, TSLA,
Diagonal Breakout: CCL,
CRM, FAS, GME, LNKD, CAR, KKD, COST, GMCR, NTAP,
Bull Flag: ETFC, GOGO, ZION, EMC, BRCM, NFLX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: STI, SWKS, TWTR, WBA,
C- Pattern:
Moves
New Highs: SPY, JD, NTES,
RAX, MYL, SBUX,
H Breakout: P, CELG,
D Breakout: AIG, BABA,
Breakout Test:
Bull Flag Bounce: DGLY,
Bounce: BX, YHOO,
MACD Divergence Bounce:
WFM,
Gap Up: JNPR, AMZN, GOOGL,
MSFT, PCLN,
Gap Down: BBY, DDD, VRSN,
C- Pattern:
Bear Flag:
Support Break: AMBA, SSYS, VJET, AVGO, GRMN, XLNX,
______________________
49 of 100
NDX stocks closed higher on Friday.
Leading NDX 100 stocks included: AMZN, MSFT, SBUX, MAT, GOOG, MYL, WFM, AAL,
CELG, BIDU
Lagging NDX stocks included: BIIB, AVGO, NXPI, ALTR, LLTC, DISCA, VIP,
SBAC, SRCL, ALXN
Leading stocks > +2% on Friday:
SINA, JD, RAX, SOHU, DGLY, BABA, NTES, SCSS, CIEN
Lagging stocks < -2.0% included: DDD, SSYS, SLCA, SUNE, LC, GPRO, XONE,
SWKS, SPWR, JASO, BBY, FSLR, TSL
Stocks to Watch on Monday
Holding Above 30 DMA = 63
LVNTA,
SIAL, KRFT, ORLY, ADI, ALTR, VRSK, XLNX, CTRX, ESRX, MDLZ, VIP, CTXS, DISCA,
TSLA, MYL, AMGN, CMCSA, DTV, NFLX, PCLN, SBUX, VRTX, GILD, PCAR, VIAB, STX,
TSCO, VOD, MAT, AKAM, CSCO, INTC, MU, WDC, SYMC, AAPL, ADSK, AMZN, ATVI, BIDU,
CHKP, EA, HSIC, MNST, REGN, SBAC, SIRI, AAL, BRCM, LRCS, FAST, INTU, NTAP, ADBE,
CA, CERN, EBAY, FISV, FOXA, GOOG, LBTYA, MAR
Moving Above 30 DMA = 4
CELG, LMCA, SPLS, WYNN
Moving Below 30 DMA = 8
ALXN, BIIB, FB, ILMN,
KLAC, LLTC, NVDA, SRCL,
Staying Below 30 DMA
AVGO,
ISRG, NXPI, QCOM, TXN, YHOO, WBA, CHTR, CTSH, SPLS, LMCA, DLTR, ADP, BBBY,
COST, EXPD, ROST, PAYS, CELG, CHRW, SNDK, TRIP, AMAT, GMCR, DISH, WFM, GRMN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
