Eight out of nine
sectors moved higher on Tuesday…XLU, XLF and XLE were the strongest sectors and XLY
was the weakest.
Breadth strengthened as advancers led decliners 1.71
to 1 on the NYSE and 1.55 to 1 on the NASDAQ.
Tuesday – strengthened, advancers led
Monday – weakened,
decliners led
Friday – mixed, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
SPY up .67 at 211.44 on 68.8 million shares, below average volume
VIX down .71 at 12.41…
TNX up .49 at 19.73…
TLT down 1.78 at 127.29…
XLF up .14 at 24.33 on 25.7 million shares
AAPL down 2.09 at 130.56 on 118.8 million shares, more than double volume
FB down 1.23 at 80.68…on 23.7 million shares
Technical Commentary:
IWM +
0.55%, DIA +0.37%, SPY +0.32%, QQQ -0.20%.
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 88.
___________________
Setups
Horizontal Breakout: BABA,
BBRY, CIEN (long term), SWI, AA, P, AAPL, NTAP, PCLN,
Diagonal Breakout: KKD,
GMCR,
Bull Flag: CMGE, CRM, CTRP, EXPE, FEYE, FSLR, V, CYBR,
SFUN, CMCSA, GOOGL, MU, MYL,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: GLW, FB,
C- Pattern:
Moves
New Highs: CSIQ, DTV,
H Breakout: GPRO, JASO
(long term), TSL,
D Breakout:
Breakout Test:
Bull Flag Bounce: JCP,
VSLR, X, ZION, EMC, TAN, TBT, GILD, INTC, STX,
Bounce: SPY, IWM, AMBA,
ATI, BAC, BBY, C, DDD, ETFC, FAS, SLCA, SSYS, STI, TPX, UPL, VJET, XONE, ANGI,
ANR, GRMN, SNDK,
MACD Divergence Bounce:
MFRM, MTW,
Gap Up:
Gap Down: CCL, YNDX,
C- Pattern:
Bear Flag:
Support Break: TWTR,
______________________
53 of 100
NDX stocks closed higher on Tuesday.
Leading NDX 100 stocks included: MSFT, GRMN, VIAB, STX, INTC, DTV, SNDK, CSCO,
MYL, CA
Lagging NDX stocks included: CHRW, BIIB, AVGO, AMZN, ALXN, MNST, VRTX,
DISH, DISCA, AAPL
Leading stocks > +2% on Tuesday:
DGLY, CSIQ, JASO, TSL, VJET, SSYS, GPRO, UPL, DDD, JCP, XONE, ETFC, VSLR, SCTY,
CIEN
Lagging stocks < -2.0% included: TWTR, JUNO, QIHU, VXX, CTRP
Stocks to Watch on
Wednesday
Holding Above 30 DMA = 58
LVNTA, SIAL, KRFT, ORLY, ADI, VRSK, XLNX, CTRX,
ESRX, MDLZ, VIP, CTXS, TSLA, MYL, CMCSA, DTV, NFLX, PCLN, SBUX, GILD, PCAR,
VIAB, STX, TSCO, VOD, MAT, AKAM, CSCO, INTC, MU, WDC, SYMC, AAPL, AMZN, ATVI,
BIDU, CHKP, EA, MNST, MSFT, REGN, SIRI, AAL, BRCM, LRCX, FAST, INTU, NTAP,
ADBE, CERN, EBAY, FOXA, GOOG, LBTYA, MAR, WYNN, NVDA, QCOM
Moving Above 30 DMA = 5
CA, FISV, GRMN, KLAC, LLTC
Moving Below 30 DMA = 1
VRTX
Staying Below 30 DMA
ADSK,
ALTR, AMGN, CELG, DISCA, HSIC, LMCA, SBAC, SPLS,ALXN, BIIB, FB, ILMN, SRCL,
AVGO, ISRG, NXPI, TXN, YHOO, WBA, CHTR, CTSH, DLTR, ADP, BBBY, COST, EXPD,
ROST, PAX, CHRW, SNDK, TRIP, AMAT, GMCR, DISH, WFM
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
