Seven out of nine
sectors moved higher on Wednesday…XLE, XLB and XLK were the strongest sectors and XLP
was the weakest.
Breadth strengthened as advancers led decliners 2.03
to 1 on the NYSE and 1.96 to 1 on
the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday - mixed
Monday – weakened,
decliners led
Friday - strengthened,
advancers led
Thursday – weakened,
decliners led
SPY up .94 at 210.43 on 99.3 million shares
VIX down .83 at 12.84…
TNX down .04 at 19.00…
TLT down .11 at 130.61…
XLF up .09 at 24.42 on 36.7 million shares, above average volume
AAPL up .48 at 126.78 on 28.8 million shares, below average volume
FB down .81 at 82.70…on 22.3 million shares
Technical Commentary:
DIA +
0.39%, SPY + 0.45%, QQQ + 0.63%, IWM + 0.70%.
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 = 211.11, 212.71...
QQQ = 109.07…
IWM = 125.94, 127.14…
Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...
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, AXP, MAT
Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP,
JUNO, KBH, MFRM, NKE,
More than 10% - DGLY, CTRP, JUNO,
Negative Reactions – AA, BBBY, MU, GME, YOKU,
XONE,
More than -10% - YOKU,
Reversal in progress –
Reversal of Initial
Reaction – GME, MU, YOKU, XONE
The SPX Market Forecast is
pointed up at 67.
___________________
Setups
Horizontal Breakout: SPY,
ATI, BBRY, CIEN, CSIQ, DDD, FEYE, GME, IBM, QIHU, SCTY, SPWR, TPX, TSL, UBNT,
UPL, VJET, VSLR, XONE, ZION, EMC, HPQ, JNPR, CMCSA, MU, NFLX, STX, WDC, YHOO,
Diagonal Breakout: GRMN,
MSFT,
Bull Flag: AMBA, BABA, CCL, CRM, DGLY, JASO, JCP, NTES,
TWTR, UA, HOG, KNDI, NCLH, YY, ADSK, ESRX, MYL,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: MAR,
C- Pattern:
Moves
New Highs: IWM, AIG, BX,
JUNO, X, TAN,
H Breakout: CMGE,
CREE, FSLR, LC, MS, SLCA, SSYS, YELP, YOKU, CYBR, JDSU, MTW, YNDX, GILD, NTAP, TXN,
D Breakout:
Breakout Test:
Bull Flag Bounce: GOGO,
SPLK, SWI, SFUN, WYNN, XLNX,
Bounce: SINA, ANR,
CAR, LVS, AVGO, BRCM, CELG,
MACD Divergence Bounce:
Z, GOOGL,
Gap Up: DAL, GPRO, MBLY,
ANGI, INTC,
Gap Down:
C- Pattern:
Bear Flag:
Support Break:
______________________
62 out of
100 NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: INTC, MAT, TXN, WDC, NTAP, CTXS, BRCM, ADI,
NXPI, CELG
Lagging NDX stocks included: MYL, WFM, BIDU, ESRX, FAST, TSCO, FB, CERN, ADSK,
CHRW
Leading stocks > +2% on Wednesday:
MBLY, GOGO, CMGE, DDD, SSYS, X, YOKU, FSLR, Z, YELP, XONE, QIHU, SINA,
Lagging stocks < -2.0% included: JCP, VXX
Stocks to Watch on Thursday
Holding Above 30 DMA = 52
LVNTA,
SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EQIX, VRSK, XLNX, CTRX, ESRX,
ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, MYL, REGN, ADSK, AMGN, AMZN,
BIDU, CMCSA, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD, NVDA, PCAR,
SIRI, VIAB, ALXN, BRCM, STX, TSCO, VOD, ATVI, CHKP, CTSH, FAST, MAT
Moving Above 30 DMA = 15
AKAM, BIIB, CSCO, FISV, ILMN, INTC, LMCA, MNST,
MSFT, MU, NTAP, SPLS, TXN, WDC, WYNN
Moving Below 30 DMA = 1
EA
Staying Below 30 DMA
DLTR,
SYMC, ADBE, NXPI, ADP, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, PAYX, GOOG, CELG,
CHRW, EBAY, FOXA, MAR, SBAC, SNDK, TRIP, KLAC, LBTYA, LLTC, AMAT, GMCR, QCOM,
DISH, LRCX, WFM, GRMN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
