Only two out of nine
sectors moved higher on Monday…XLB, XLK and XLI were the strongest sectors and XLV
was the weakest.
Breadth weakened
as decliners
led advancers 1.68 to 1 on the NYSE and 2.42 to 1 on
the NASDAQ.
Monday – weakened, decliners led
Friday – mixed, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
mixed
SPY down .88 at 210.77 on 79.2 million shares, below average volume
VIX up .83 at 13.12…
TNX up .07 at 19.24…
TLT unchanged at 129.07…
XLF down .09 at 24.19 on 23.9 million shares
AAPL up 2.37 at 132.65 on 94.2 million shares, more than double volume
FB up .38 at 81.91…on 25.4 million shares
Technical Commentary:
IWM –1.10%, SPY
-0.42%, QQQ -0.25%, DIA
-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 89.
___________________
Setups
Horizontal Breakout: BABA,
BX, AAPL, BIDU, NFLX, PCLN,
Diagonal Breakout: CRM,
KKD, GMCR,
Bull Flag: ETFC, GOGO, GPRO, JASO, LOCO, SLCA, SPWR,
SUNE, TPX, VSLR, EMC, SFUN, TAN, YNDX, BRCM, GILD,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag: GME,
At Support: IWM, ANR,
C- Pattern:
Moves
New Highs: JD, NTES, RAX,
AKAM, MNST,
H Breakout: QIHU
(long term), SINA (long term), YOKU, TSLA,
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: Z, MTW,
MACD Divergence Bounce:
CREE,
Gap Up: QCOM, TXN,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: CCL, DDD, JUNO, MFRM, RCL, XONE, NCLH,
______________________
36 of 100
NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: TSLA, FAST, AAPL, AKAM, NXPI, BIDU, PCLN, VIP,
TXN, QCOM
Lagging NDX stocks included: AMAT, MYL, MAT, VRTX, CELG, AMGN, ADSK, BIIB,
ILMN, ALXN
Leading stocks > +2% on Monday:
YOKU, Z, SINA, VXX, GLD
Lagging stocks < -2.0% included: JUNO, DDD, DGLY, UBNT, SCSS, SSYS, MFRM,
VJET, RCL, UNG, SUNE, ZNGA, AMBA
Stocks to Watch on Tuesday
Holding Above 30 DMA = 57
LVNTA, SIAL, KRFT, ORLY, ADI, VRSK, XLNX, CTRX,
ESRX, MDLZ, VIP, CTXS, TSLA, MYL, CMCSA, DTV, NFLX, PCLN, SBUX, VRTX, 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
Moving Above 30 DMA = 2
NVDA, QCOM
Moving Below 30 DMA = 11
ADSK, ALTR, AMGN, CA,
CELG, DISCA, FISV, HSIC, LMCA, SBAC, SPLS
Staying Below 30 DMA
ALXN,
BIIB, FB, ILMN, KLAC, LLTC, SRCL, AVGO, ISRG, NXPI, TXN, YHOO, WBA, CHTR, CTSH,
DLTR, ADP, BBBY, COST, EXPD, ROST, RAYX, CHRW, SNDK, TRIP, AMAT, GMCR, DISH,
WFM, GRMN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
