All nine sectors moved
higher on Wednesday…the strongest sectors
were XLE…
XLI and XLY…the
weakest sector was XLV.
Breadth remained the same as advancers led
decliners 2.70 to 1 on the NYSE and
1.28 to 1 on
the NASDAQ.
Wednesday – unchanged, advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – weakened,
decliners led
Thursday – weakened,
decliners led
SPY up 1.44 at 210.77 on 105.4 million shares
VIX down .94 at 12.50…
TNX up .29 at 22.79…
TLT down .45 at 120.70…
XLF up .25 at 25.29 on 26.7 million shares
AAPL down .39 at 122.99 on 36.9
million shares
FB up 1.70 at 96.99 on 63.1 million
shares
Technical Commentary:
IWM + 0.28%, QQQ + 0.38%, DIA + 0.65%, SPY
+ 0.69%.
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 moving down at 52.
__________________
Setups
Horizontal Breakout: AIG,
BAC, CCL, CRM, HOG, LNKD, NCLH, RCL, SCHW, SCTY, SHOP, SVXY, TPX, CREE, JASO, SSYS,
YNDX, COST, EBAY, MU, TXN, WBA, WDC,
Diagonal Breakout: FEYE,
SEDG, SINA, SOHU, SONC, STI, Z, AXTA, FSLR, GOGO, KKD, KNDI, UPL, LRCX, INTC,
MAR, XLNX,
Bull Flag: AMBA, CIEN, GPRO, PANW,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: ADSK,
C- Pattern:
Moves
New Highs: NKE, UA,
V, VRSN, MNST,
H Breakout: CSIQ, OCN,
SCTY, SHAK, BBRY, ESI, X, STX,
D Breakout: TSL, AA, FB,
Bull Flag Bounce: GME,
MBLY, ROST,
MACD Divergence Bounce:
GLW, LOCO,
Bounce: CTRP, IBM, JCP, JD, ZION, JDSU, RAX, MSFT,
Gap Up: SPWR, DDD, X,
GILD, GMCR,
Gap Down: TWTR, YELP,
C- Pattern:
Bear Flag:
Support Break:
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday: SHAK, SLCA, SPWR, CSIQ, SOHU, OCN,
FEYE, SONC, TSL, SCTY, CTRP, TASR, FAS, JD, NCLH, SEDG,
Lagging stocks < -2.0% included: YELP, TWTR, UBNT, FIT, SPLK, YOKU, VXX
64 of 100
NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: VIP, CTXS, VRSK, CERN, CHRW, SRCL, GMCR, MAR,
EXPD, FISV
Lagging NDX stocks included: CELG, ALXN, VRTX, BIIB, HSIC, WYNN, CHKP,
ADSK, ESRX, REGN
NDX Stocks to Watch on
Thursday
Moving Above 30 DMA =
13
ADP, CERN, CTSH, CTXS, EXPD, GMCR, LBTYA, MAR, MSFT, SRCL,
STX, TSCO, VRSK
Moving Below 30 DMA = 3
AAL, SBAC, VRTX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
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