Four sectors moved higher
on Thursday…Four moved lower…and one was unchanged…the strongest sectors were XLU…XLB and XLY…while the weakest sector was XLE.
Breadth weakened as
advancers led
decliners 1.04 to 1 on the NYSE and
1.10 to 1 on
the NASDAQ.
Thursday – weakened, advancers led
Wednesday – unchanged,
advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – weakened,
decliners led
SPY up .05 at 210.82 on 91.2 million shares
VIX down .37 at 12.13…
TNX down .11 at 22.68…
TLT up .93 at 121.63…
XLF unchanged…
AAPL down .62 at 122.37 on 33.5
million shares
FB down 1.78 at 95.21 on 86.1 million
shares
Technical Commentary:
IWM + 0.29%, QQQ + 0.48%, SPY + 0.02%, DIA
– 0.02%.
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Earnings Week of July 27
Monday – BIDU, NCLH, SOHU,
Tuesday – AKAM, TWTR, ESRX, FISV,
CTRP, SLCA, SPWR, YELP,
Wednesday – FB, GILD, GRMN, LRCX,
MAR, WFM, WYNN, SKX, SCTY
Thursday – EXPE, STX, LNKD, FEYE,
OCN, SHOP, ESI, SSYS, YNDX,
Friday – RCL,
Q1 Earnings Reaction
Positive Reactions – AMZN, P, MXIM, JNPR, V, SBUX, LUV,
SNDK, TXN, UA, WHR, GM, VRSN, CHKP, FFIV, FTNT, LVS, PKG, TMO, TSCO, VMW, ACE,
APH, OC, BA, CHKP, IPG, CLI, CMG, LVS, MANH, TRV, VMW, LAD, HOG, WWW, ZION,
HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW, EBAY, C, USB, DAL, BAC, WFC, JPM, NKE,
AA
More than 10% - P, FTNT, SNDK, GOOG, GOOGL, HTZ, NFLX,
Negative Reactions – BIIB, TRIP, STT, AAL, FSL,
KLAC, MCD, UNP, SAVE, CELG, CA, CMCSA, ETFC, CAT, DOW, FCX, MMM, OSTK, IBM, KO,
QCOM, AXP, AAPL, IBKR, ILMN, XLNX, VZ, BEAV, BHI, LLTC, MSFT, YHOO, EXAS, STI, UNH, MAT, KEY,
YUM, FAST, CUDA, MU
More than -10% - BIIB, TRIP, GIMO, SCSS, BEAV, SWI, CUDA, MU
Reversal in progress –
LAD,
Reversal of Initial
Reaction – HTZ, HON, GE, AA,
Short-term Chart Targets:
SPY = 210.37, 211.65...
QQQ = 113.00, 114.41…
IWM = 123.71, 124.30…
Support Levels
SPY = 207.60, 206.05...
QQQ = 111.13, 110.00…
IWM = 121.28, 119.73...
The SPX Market Forecast is turned up at 53.
__________________
Setups
Horizontal Breakout: AIG,
BAC, CCL, CRM, HOG, LNKD, LVS, MBLY, NCLH, SCHW, SONC, SPWR, CREE, FSLR, TXN,
Diagonal Breakout: GLNG,
SEDG, SINA, SVXY, AXTA, CAR, GLW, GOGO, KKD, KNDI, TAN, INTC, MSFT, XLNX,
Bull Flag: AMBA, PANW,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag: IWM, ETFC, FEYE,
At Support: VXX,
C- Pattern:
Moves
New Highs: NKE, TPX,
UA, VRSN, MNST,
H Breakout: SCTY, X, AKAM,
D Breakout: STI, Z, LRCX, NTAP, QCOM,
Bull Flag Bounce: CIEN,
JNPR, NFLX,
MACD Divergence Bounce:
XONE, ADSK,
Bounce: HABT, HPQ, YELP, ADBE, WYNN,
Gap Up: SHOP, BIDU, STX,
WDC,
Gap Down: DDD, ESI, SSYS, WFM,
C- Pattern:
Bear Flag:
Support Break: TASR, MAR,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: SHOP, Z, YELP, UBNT, LVS, SCTY, FIT
Lagging stocks < -2.0% included: TASR, TSL, UNG, SHAK, LNKD
61 of 100
NDX stocks closed higher on Thursday and two
were unchanged.
Leading NDX 100 stocks included: WDC, WYNN, VRTX, NXPI, MDLZ, NFLX, STX, BIDU,
SPLS, AKAM
Lagging NDX stocks included: WFM, MAR, VIP, ADP, CERN, FB, CHKP, MYL, ORLY,
PCAR
NDX Stocks to Watch on
Friday
Moving Above 30 DMA = 10
GILD, MU, QCOM, VRTX, WYNN, SBAC, WDC, TSLA, NXPI, LVNTA
Moving Below 30 DMA = 6
ADP, CHKP, ESRX, WFM,
TSCO, MAR
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
No comments:
Post a Comment