Four out of nine
sectors moved higher on Wednesday…XLE, XLU and XLV were the strongest sectors and XLI
was the weakest.
Breadth strengthened
as advancers
led decliners 1.10 to 1 on the NYSE and
1.00 to 1 on
the NASDAQ where decliners led decliners.
Wednesday – mixed, mixed
Tuesday – weakened,
decliners led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
SPY down .15 at 212.88 on 76.5 million shares
VIX up .03 at 12.88…
TNX down .11 at 22.51…
TLT up .20 at 118.69…
XLF down .07 at 24.91 on 30.3 million shares
AAPL down .01 at 130.06 on 36.2
million shares
FB down .08 at 80.55
on 23 million shares
Technical Commentary:
DIA -0.12%, SPY
-0.07%, QQQ +0.06%, IWM
+0.18%.
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 = 213.91...
QQQ = 109.91, 111.16…
IWM = 125.55, 127.13…
Support Levels
SPY = 212.16, 208.62, 206.76...
QQQ = 109.32, 106.80, 105.55…
IWM = 123.17, 120.87, 120.24...
Q1 Earnings Reaction
Positive Reactions – TTWO, CMCM, RRGB, VSAT, TJX,
CTRP, MBLY, NTES, SINA,
SUNE, DATA, CYBR, BABA, CSIQ, ZNGA, JD, MCHP, REGN, SPWR, ATVI, CA, EA,
EXPD, CF, FISV, HLF, LC, PRU, SCTY, TSLA, CTSH, DO, HSIC, ICE, MNK, EL,
OCN, MRC, SWKS, TER, EXPE, TASR, AET, AIG, CME, F, FEYE, GILD, LEG, LYV, MDLZ, NXPI, SLCA, TDS, TPX,
UPL, UPS, VRSK, WY, AMZN, MSFT, JNPR, SBUX, GOOGL, CVX, 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% - TTWO, CMCM, RRGB, YOKU, ZBRA, DATA, SUNE, ZU, AOL,
HLF, TGI, GPRO, OCN, MRC, TER, AMZN, MSFT, ATI, HAS, NFLX, CE,
DGLY, CTRP, JUNO,
Negative Reactions –
LOCO, JUNO, RAX, JCP, KNDI, VSLR, VJET, XONE, YY
ALL, APA, APC, AVP, CAR, CERN, CHK, DISCA, DTV, DVA, DDD, EOG, FOSL, FOXA,
FTR, GMCR, GOGO, HCA, K, LBTYA, MNST, MRO, NBL, NSM, NVDA, NWSA, NFX, PXD, SFUN,
WFM, XEC, Z, ZU, LNKD
AAPL, AKAM, ATHN, BIDU, CAH, CELG, CHRW, COH, ESRX, FSLR, GLW, GRMN, LLL,
MAR, PFE, SWI, TWTR, V, VIAB, VLO, WDC, WHR, 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% - LOCO, JUNO, DGLY, RAX, MNST, FTR, NSM, AVP, LNKD, YELP,
TWTR, X, WYNN, NOW, AMD, YOKU,
Reversal in progress –
AAPL, AXP, DHR, ESRX, GOGO, GRMN, GS, LBTYA, PEP, RCL, VLO, X, YHOO,
Reversal of Initial
Reaction – AA, AKAM,
BAC, BHI, CAR, CELG, DD, DTV, FCX, FOXA, GME, HCA, JNJ, K, KLAC, MU, STT, SWN,
URI, V, WDC, YOKU, XLNX, XONE, ZU
The SPX Market Forecast is pointed up at 92.
___________________
Setups
Horizontal Breakout: GOGO,
GPRO, IBM, ESRX,
Diagonal Breakout: GME,
JCP, JUNO, LC, HOG, WLT, CELG, MU, NTAP,
Bull Flag: MBLY, ANGI, AKAM, DTV, EA, QCOM, WBA,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: AA, CSIQ, FSLR, QIHU, WDC,
C- Pattern:
Moves
New Highs: AMBA, NTES,
H Breakout: AIG, BABA,
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: SLCA, YHOO,
MACD Divergence Bounce:
LVS,
Gap Up:
Gap Down: DAL, LOCO, NCLH, TAN,
C- Pattern:
Bear Flag:
Support Break: BBY, CRM, P, SFUN, UPL, UAL, AAL,
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday:
GOGO, GPRO, AMBA, SLCA, BABA, VSLR, NTES,
Lagging stocks < -2.0% included: QIHU, DAL, JASO, CSIQ, NCLH, LOCO, BBY,
UPL, SFUN, MBLY, Z
39 of 100
NDX stocks closed higher on Wednesday
and three were unchanged.
Leading NDX 100 stocks included: YHOO, LBTYA, ADI, VOD, REGN, ALXN, BIIB, WYNN,
BIDU, ATVI
Lagging NDX stocks included: AAL, CHTR, BBY, ISRG, ROST, DLTR, SPLS, SBAC,
CHRW, MYL
NDX Stocks to Watch on
Thursday
Moving Above 30 DMA = 3
FOXA, GOOG, TXN
Moving Below 30 DMA = 7
FB, PCLN, SBAC, STX,
TRIP, WDC, YHOO
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
