Eight out of nine
sectors moved higher on Thursday…XLK, XLF and XLI were the strongest sectors and XLE
was the weakest.
Breadth strengthened as advancers
led decliners 1.37 to 1 on the NYSE and 1.26 to 1 on
the NASDAQ.
Thursday – strengthened, advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
Monday – weakened
slightly, advancers led
Friday – strengthened,
advancers led
SPY up .83 at 208.87 on 88.2 million shares
VIX down .02 at 15.13…
TNX down .56 at 21.84…
TLT up 1.62 at 122.18…
XLF up .17 at 24.41 on 31.97 million shares
AAPL up .77 at 125.26 on 42.6 million shares
FB up .32 at 78.42
on 19.7 million shares
Technical Commentary:
IWM +
0.38%, SPY +0.40%, DIA +0.50%, QQQ +0.64%.
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 = 109.17…
IWM = 123.44, 125.55,
127.13…
Support Levels
SPY = 207.62, 205.39...
QQQ = 107.06, 106.50, 105.55…
IWM = 120.66, 119.47...
Earnings Week of April 27 – AAPL, CHRW, AET, COH, F, GLW, PFE, UPS, VLO, AKAM, ESRX,
VRSK, WDC, WHR, WYNN, GPRO, GRMN,
MDLZ, SLCA, SWI, TPX, X, BIDU, MAR, NXPI, VRTX, CAH, LLL, XOM, YELP, ADP, CELG,
TASR, VIAB, UPL, AIG, CME, EXPE, FEYE, FSLR, LNKD, SWKS, V, GILD, CVX, MCO, WY
Earnings Week of May 4 – CMCSA, CTSH, DO, HSIC, APC, DVA, EOG, XEC, ADM, CAR, DIS, DISCA,
DTV, HCA, ICE, K, NBL, SFUN, ALL, CTRP, DVN, EA, FISV, FOSL, FTR, HLF, LC, NFX,
NWSA, PXD, SCTY, Z, CHK, DDD, EXPD,
ATVI, CF, FOXA, GMCR, MET, MRO, PRU, RIG, TSLA, WFM, APA, BABA, BDX, GOGO,
PCLN, REGN, SIAL, SUNE, CA, CBS, CERN, CSIQ, CYBR, LBTYA, MCHP, MNST, NVDA,
SPWR, UBNT, ZNGA, JD, LMCA
Q1 Earnings Reaction
Positive Reactions – HLF, EA, EXPD, FISV, LC, SCTY, 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% - HLF, GPRO, OCN, MRC, TER, AMZN, MSFT, ATI, HAS, NFLX,
CE, DGLY, CTRP, JUNO,
Negative Reactions – CHK, DDD, NWSA, ALL, FOSL,
FTR, NFX, Z, PXD, APC, CAR, DISCA, DTV, DVA, EOG, HCA, K, NBL, SFUN, XEC, NSM,
AVP, 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% - FTR, NSM, AVP, LNKD, YELP, TWTR, X, WYNN, NOW,
AMD, YOKU,
Reversal in progress –
GS,
Reversal of Initial
Reaction – AA, WDC,
FCX, GME, MU, YOKU, XONE
The SPX Market Forecast is slightly pointed up at 62.
___________________
Setups
Horizontal Breakout: SOHU,
P, MNST,
Diagonal Breakout: IWM,
JD, JUNO, VRSN,
Bull Flag: AA, AMBA, BAC, CSIQ, DGLY, SINA, SVXY, TASR,
ZION, JNPR, YY,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: LC, LVS,
C- Pattern:
Moves
New Highs:
H Breakout: AIG, NCLH,
UAL, BRCM,
D Breakout: BBY, CTRP, SWI, SWKS,
Breakout Test:
Bull Flag Bounce: BX,
C, ETFC, EXPE, GPRO, IBM, LOCO, MS, NKE, NTES, PANW, RAX, SCHW, SCTY, TPX, YOKU,
AMZN, DTV, MSFT,
Bounce: SPY, QQQ, CIEN,
DAL, FAS, FSLR, GME, HPQ, SCSS, TLT, UA, UBNT, V, Z, CREE, LNKD, TWTR, VJET, ZU,
AAPL, ADBE, ADSK, BIDU, CMCSA, EBAY, GOOGL, LRCX, NTAP, SBUX, TRIP, TSLA, WBA,
MACD Divergence Bounce:
RCL, CAR, JDSU, KKD, WLT, AAL, CELG,
Gap Up: BABA, CCL, SUNE,
AVGO, YHOO,
Gap Down: GMCR, PCLN, WFM,
C- Pattern:
Bear Flag:
Support Break: TSL,
______________________
70 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: YHOO, ATVI, ALXN, AVGO, AAL, CELG, TSLA, NXPI,
TRIP, MNST
Lagging NDX stocks included: WFM, GMCR, PCLN, FOXA, MU, VIAB, DISCA, MAT,
EA, MYL
Leading stocks > +2% on Thursday:
SUNE, BABA, ZNGA, LOCO, NTES, DAL, YOKU, GPRO, RCL, WKS, PANW, CCL, BBY, FAS,
GLNG
Lagging stocks < -2.0% included: UPL, LC, TASR, GOGO, CMGE, TSL, SLCA
Stocks to Watch on Friday
Holding Above 30 DMA = 36
SIAL, XLNX, CTRX, MDLZ,
CTXS, TSLA, MYL, DTV, NFLX, PCLN, SBUX, PCAR, STX, VOD, MAT, AKAM, CSCO, INTC ,SYMC,
AMZN, EA, MSFT, BRCM, LRCX, FAST, INTU, LBTYA, NVDA, ALTR, SPLS, MNST, REGN,
ATVI, CHKP, EXPD, ILMN
Moving Above 30 DMA = 9
ADP, EBAY, FISV, LVNTA, NXPI, ORLY, PAYX, QCOM, VRTX
Moving Below 30 DMA = 2
GILD, MU
Staying Below 30 DMA
DISCA, VRSK, WDC, AAPL, ADBE, ADI, CHTR, CMCSA, CTSH, ESRX, FOXA, HSIC,
KLAC, LLTC, LMCA, NTAP, VIAB, GMCR, MAR, SIRI, KRFT, VIP, BIDU, CA, COOG, TSCO,
AAL, CERN, GRMN, WYNN, ADSK, AMGN, CELG, SBAC, ALXN, BIIB, FB, SRCL, AVGO,
ISRG, TXN, YHOO, WBA, DLTR, BBBY, COST, ROST, CHRW, SNDK, TRIP, AMAT, DISH, WFM
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
