Monday, April 27, 2015

Stocks Rise...Then Slip Back From Highs...AAPL 2Q Tops Street Estimates...AAPL Sees 33% Profit in 2Q...And Raises Dividends...Trading Up In After Hours Extended Trading...

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 27AAPL, 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