Three of nine sectors
moved higher on Tuesday…XLF, XLV and XLU were the strongest sectors and XLE
was the weakest.
Breadth weakened as decliners led advancers 1.48 to 1 on
the NYSE and 1.31 to 1 on the NASDAQ.
Tuesday – weakened, decliners led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
SPY down .07 at 213.03 on 72.1 million shares, 17% below average volume
VIX up .12 at 12.85…
TNX up .34 at 22.62…
TLT down 1.06 at 118.49…
XLF up .14 at 24.98 on 26.4 million shares, 3% above average volume
AAPL down .12 at 130.07 on 44.6
million shares, 6% below average volume
FB down .25 at 80.63
on 17.9 million shares,
28% below average volume
Technical Commentary:
DIA +0.14%,
SPY -0.03%, QQQ -0.11%,
IWM -0.14%.
The DJIA rose and the SPX -1.37, stayed above recent short-term resistance and
bounced at Monday’s S1, following Monday’s breakout to a new all-time high
close.
The Euro fell for the second straight day to its short-term
support at the 1.11 area.
Oil prices fell 2.06 as the XLE Energy sector led on the downside
on Tuesday. Oil was up 53 cents
in evening trading.
Interest rates rose and bonds fell
as financial stocks led all sectors.
TJX, ENDP, MCD and SYY led the SPX
while MCD, DD, AXP and JPM led the DJIA.
TTWO, CMCM, RRGB, VSAT and TJX gapped higher
following a positive earnings reaction in each stock.
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
___________________
Setups
Horizontal Breakout: BABA,
ETFC, GPRO, IBM, JD, TPX, UA, Z,
Diagonal Breakout: VSLR,
Bull Flag: ATI, CSIQ, CTRP, GLD, NKE, P, SCTY, SINA,
SPLK, TASR, YELP
Moves
New Highs: AMBA, BAC,
C, CIEN, FAS, MS, NCLH, PANW, STI, SUNE, SVXY, SWKS, ZION
H Breakout: STI, ZION
MACD Divergence Bounce:
JUNO,
Gap Up: TTWO, RRGB,
TJX
Support Break: TSL
______________________
Watchlist Stocks
Leading stocks > +2% on Tuesday:
JUNO, YY, NCLH, AMBA
Lagging stocks < -2.0% included: UPL, TSL, CSIQ, SLCA, X, LOCO, ATI, CMGE,
YNDX, SPWR, DAL, AA
36 of 100
NDX stocks closed higher on Tuesday and one was unchanged.
Leading NDX 100 stocks included: LBTYA, FOXA, LRCX, NTAP, ESRX
Lagging NDX stocks included: YHOO, STX, AAL, WDC
NDX Stocks to Watch on
Wednesday
Moving Above 30 DMA = 2
GOOGL, TXN
Moving Below 30 DMA = 6
FB, PCLN, STX, TRIP,
WDC, YHOO
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
