Stocks Soar...BOJ Follows ECB and Lowers Key Rate to Negative...MSFT, QCOM, INTC, AAPL, CSCO, FB Lead Tech Sector...

All nine sectors moved higher on Friday…XLK, XLE and XLB were the strongest sectors while XLY was the weakest sector.  Oil rose 2 cents to close at 33.74.

                         

Breadth strengthened as advancers led decliners led 8.08 to 1 on the NYSE and 3.86 to 1 on the NASDAQ.

Friday – strengthened, advancers led

Thursday- strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

SPY up 4.61 at 193.72 on 210.5 million shares, 35% above average volume

VIX down 2.22 at 20.20…

TNX down .54 at 19.31…

TLT up 1.07 at 127.30…on 13.1 million shares, 44% above average volume

XLF up .59 at 21.72…on 81.6 million shares, 42% above average volume

AAPL up 3.25 at 94.09 on 64.4 million shares, 14% above average volume

FB up 3.10 at 112.21 on 62.7 million shares, 95% above average volume

Technical Commentary:

IWM +3.28%, SPY +2.44%, DIA +2.40%, QQQ +2.09%.

BOJ lowered the rate that banks receive to -0.10%, joining the ECB with negative rates.  This was a move to stimulate the Japanese economy by encouraging banks to loan money to businesses and individuals instead of the government.

Stocks had their best day in 2016 and tech stocks led behind the strength of MSFT, QCOM, INTC, AAPL and FB.

YTD:

SPX Leaders:  SWN, RRC, EQT, COG, M, SE, COH, NEM, VIAB, SNI (126)

SPX Losers: ESV, URI, BWA, FCX, VRTX, ADS, AN, CF, AA, OI

NDX Leaders:  VIAB, DISCK, KHC, FB, XLNX, CTSH, DLTR, ROST, PCAR, FISV (17)

NDX Losers: INCY, BMRN, VRTX, ALXN, ADSK, REGN, NCLH, MU, TRIP, STX

DJI Leaders:  WMT, VZ, MCD, PG, JNJ, MMM
DJI Losers: AXP, DD, BA, CSCO, GS, INTC, JPM, IBM, DIS, UTX

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 32. 

__________________

Setups

Horizontal Breakout: JNJ, MMM, XLNX, DLTR, CMCSA, SWN, MXIM, MU, NXPI, QRVO, LLTC, LRCX, MCHP

Bull Flag: M

  

Moves

New Highs: MCD, PG, FB, COH, ROST, XLNX, VZ

H Breakout: WMT, PG, FB, ROST, CTSH, SBUX, ADI, INTC

Bull Flag Bounce: MYL

Bounce: NVDA

Gap Up: MSFT, AVGO, SWKS

Gap Down:  AMZN

______________________

93 of 100 NDX stocks closed higher on Friday.

32 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 15

ADI, ADP, CMCSA, FOXA, GOOG, INTU, KLAC, LLTC, MDLZ, MSFT, MYL, SRCL, TMUS, TXN, VOD

Moving Below 30 DMA = 2

AMZN, EA

6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Up

Futures Point to a Higher Open...MSFT, SWKS Up...AMZN, EA Down...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...

BMO - ES +15.75...NQ +31.25...SPY +1.14

Oil +.40...33.62...

Quoting Up:  MSFT, SWKS, MU, AAL, JD, VOD, WDC, BIDU FB, SNDK, AAPL, MRK, XRX, HON, MA, ABBV, GNW, JNPR, BAC, WRK, QRVO, V, F, C, CRM, FCX, INTC, SLB

Quoting Down:  AMZN, EA, GILD, RCL, NWL, AES, CELG, NFLX, CCL

SPX Rallies in ST Sideways Channel...FB Soars...PYPL, CAT, CTXS Gap Higher...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...

Eight of nine sectors moved higher on Thursday…XLE, XLU and XLK were the strongest sectors while XLV was the weakest sector.  Oil rose $1.56 to close at 33.72.

                         

Breadth strengthened as advancers led decliners led 2.03 to 1 on the NYSE and 1.07 to 1 on the NASDAQ.

Thursday- strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, decliners led

SPY up .98 at 189.11 on 143.7 million shares, 6% below average volume

VIX down .69 at 22.42…

TNX down .16 at 19.85…

TLT up .18 at 126.23…on 10.5 million shares, 18% above average volume

XLF up .01 at 21.13…on 64.9 million shares, 13% above average volume

AAPL up .67 at 94.09 on 55.6 million shares, average volume

FB up 14.66 at 109.11 on 107.4 million shares, 250% above average volume

Technical Commentary:

QQQ +1.41%, DIA +0.76%, SPY +0.52%, IWM -0.02%.

After Hours Alert:  AMZN -85.35, -13.43%,  EA -5.54, -7.94% on negative earnings reaction,  MSFT +2.19, +4.22%, SWKS +2.42, +3.74% on positive earnings reaction

Regarding Wednesday’s FOMC reaction we wrote, “Remember, economic announcements generally may add volatility to the price action but typically don’t alter trend.  The nine-day trend is sideways and the five-day trend is up.  Wednesday’s selloff pushed price back to the three-day support area and still represents a higher low area in the five-day trend.  Chart Signals does not view Wednesday’s price fluctuation as trend change.  “One day does not a trend make.”’

The SPX rallied on Thursday.

FB +14.66, +15.52%, gapped up on a positive earnings reaction.

PYPL +2.65, +8.39%, gapped up on a positive earnings reaction.

CAT +2.76, +4.73%, gapped up on a positive earnings reaction.

CTXS +2.61, +3.96%, gapped up on a positive earnings reaction.

CHKP +1.64, +2.18%, gapped up on a positive earnings reaction.

EBAY -3.29, -12.45%, gapped down on a negative earnings reaction.

QCOM -3.94, -8.29%, gapped down on a negative earnings reaction.

CELG -5.10, -4.98%, gapped down on a negative earnings reaction.

V -1.58, -2.23%, gapped down on a negative earnings reaction.

Earnings this week:

Monday:  MCD, HAL, KMB

Tuesday:  DD, JNJ, MMM, PG, AAPL, CA

Wednesday:  BA, BIIB, LRCX, CTXS, EBAY, FB, PYPL, QCOM, SNDK, TSCO, TXN, UTX, VRTX

Thursday:  CAT, CELG, CHKP, V, AMGN, AMZN, EA, KLAC, MSFT, SWKS, WDC

Friday:  AAL, CVX, PCAR, STX

YTD:

SPX Leaders:  SWN, EQT, SE, RRC, M, COG, NEM, VIAB, ED, TWX (80)

SPX Losers: ESV, URI, FCX, BWA, WRK, AN, MU, CHK, AA, ADS

NDX Leaders:  VIAB, DISCK, KHC, FB, CTSH, DLTR, XLNX, EA, ORLY, MAT (11)

NDX Losers: INCY, MU BMRN, NCLH, STX, VRTX, ADSK, JD, TRIP, TSLA

DJI Leaders:  VZ, WMT, MCD, PG

DJI Losers: AXP, DD, BA, CSCO, JPM, INTC, GS, IBM, DIS, AAPL

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 29. 

__________________

Setups

Horizontal Breakout: AVGO, DPS, CA, DLTR, JNJ, WMT, TWX, EAT, SPWR, CSIQ, PSA, CTSH, ADI, ROST, XLNX,

Diagonal Breakout: TSL, EXR, CUBE,

Bull Flag: HAS, M

Gap Up: MSFT, SWKS  

Gap Down: AMZN, EA,

Bear Flag: JAH, LVLT, MAS, CSCO, HD, JPM, UTX,

At Support: AAPL, BA, X, GILD, AIG, TEVA, DIS, ESRX, DD, ADBE, BIDU, PCLN, TRIP

Moves

New Highs: MCD,

H Breakout: ITW

Gap Up: FB, PYPL, CAT, CTXS

Gap Down:  EBAY, QCOM, CELG

Bear Flag: ESRX, NVDA,

Support Break: AXP, AKAM, CRM, LUV,

______________________

49 of 100 NDX stocks closed higher on Thursday.

19 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 7

AMZN, FAST, FB, FISV, PYPL, SBUX, TSCO

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral

Oil on the Rise...Futures Point to a Higher Open...278K Weekly Jobless Claims...FB Gapping Up...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...


BMO - ES +16.00...NQ +48.00...SPY +2.25...  

This morning's fluctuations down and up have already been attributed to Durable goods drop -5.1%, oil rising, etc...nobody seems to consider trend?

Oil +2.34, 34.50...

Quoting Up:  UA, FB, MRO, CHK, HOG, KMI, HES, MJN, PYPL, DVN, THC, APC, COP, HCA, ESV, EOG, CAT, CTXS, RIG, NFL, WMB, AMZN,NOV, SLB, SE, MUR, SWN, HAS, PXD, GOOGL, YHOO, XEC, APA, RRC, WYNN, NFLX, AA, CNX, BAC, VLO, NKE, C, F and many more...


Quoting Down:  EBAY, URI, JNPR, SWK, DFS, TMO, QCOM, ABT, NOC, NRG, NEM, PNW, SHW, VAR, CRM, CELG

SPX Rolls Down on FOMC Reaction...BA, AAPL Fall...FB Mega-Rise After-hours on Earnings...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...

After Hours Alert:  FB +11.45, +12.12% reports 79 cents EPS vs. estimate 68 cents, revenues $5.84 billion vs. estimate $5.37 billion. 

Eight of nine sectors moved lower on Wednesday…XLU, XLP and XLF were the strongest sectors while XLK was the weakest sector.  Oil rose $1.60 to close at 32.16.

                         

Breadth weakened as decliners led advancers 1.64 to 1 on the NYSE and 2.44 to 1 on the NASDAQ.

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, decliners led

Thursday- strengthened, advancers led

SPY down 2.07 at 188.13 on 240.7 million shares, 19% above average volume

VIX up .61 at 23.11…

TNX up .07 at 20.01…

TLT down 0.03 at 126.05…on 7.9 million shares, 12% below average volume

XLF down .08 at 21.12…on 62.7 million shares, 9% above average volume

AAPL down 6.57 at 93.42 on 133.3 million shares, 151% above average volume

FB down 2.89 at 94.45 on 56.7 million shares, 113% above average volume

Technical Commentary:

SPY -1.09%, IWM -1.37%, DIA -1.39%, QQQ -2.49%.

Just like gravity, BA -11.43, -8.93% and AAPL -6.57, -6.57% dropped on a negative EPS reaction and contributed approximately -123 of the -222 points that the DJIA fell on Wednesday.

Notwithstanding the BA and AAPL selloff, the DJIA managed to turn positive by midday before the FOMC announcement.  The post FOMC drop was not primarily BA and AAPL, rather it was the combination of all 30 Dow stocks falling after the announcement.

As the expression elegantly goes “darned if you do, darned if you don’t” seems to describe the FOMC reactions since last September when it was expected that the Fed would raise rates and did not.  The market fell and the Fed was criticized for not raising rates.  Then in December the Fed raised rates and the market fell.  Since that time the Fed has been criticized for raising rates.  Today the Fed did not raise rates and…you guessed it… the market fell.

Even with the late selloff VZ, JNJ, MMM, MCD, UT, TRV and KO finished positive for the day.  PG finished one cent lower and JPM was down just four cents.

BIIB +13.39, +5.15%, gapped up on a positive earnings reaction.

Remember, economic announcements generally may add volatility to the price action but typically don’t alter trend.  The nine-day trend is sideways and the five-day trend is up.  Today’s selloff pushed price back to the three-day support area and still represents a higher low area in the five-day trend.  Chart Signals does not view Wednesday’s price fluctuation as trend change.  “One day does not a trend make.”

Earnings this week:

Monday:  MCD, HAL, KMB

Tuesday:  DD, JNJ, MMM, PG, AAPL, CA

Wednesday:  BA, BIIB, LRCX, CTXS, EBAY, FB, PYPL, QCOM, SNDK, TSCO,, TXN, UTS, VRTX

Thursday:  CAT, CELG, CHKP, CVX, V, AMGN, AMZN, EA, KLAC, MSFT, SWKS, WDC

Friday:  AAL, PCAR, STX

YTD:

SPX Leaders:  SWN, M, EQT, SE, RRC, COG, TWX, SNI, NEM, O (65)

SPX Losers: ESV, BWA, FCX, MRO, AA, WRK, WDC, QRVO, CHK APC

NDX Leaders:  VIAB, DISCK, KHC, XLNX, CTSH, EA, DLTR (7)

NDX Losers: INCY, WDC, MU VRTX, STX, ADSK, BMRN, NCLH, TSLA, JD

DJI Leaders:  VZ, WMT, MCD

DJI Losers: DD, AXP, BA, GS, CAT, CSCO, JPM, INTC, IBM, AAPL

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 27.

__________________

Setups

Horizontal Breakout: JNJ, WMT, TWX, EAT, SPWR, CSIQ, PSA, CTSH, EA, ADI, FFIV, ROST, XLNX,

Diagonal Breakout: EXR, CUBE,

Bull Flag: TSL, HAS, M

Gap Up: FB

Bear Flag: ESRX, NVDA, JAH, LVLT, MAS, CSCO, HD, JPM, UTX,

At Support: DD, ADBE, AKAM, BIDU, PCLN, TRIP, CRM, LUV, CAT

Moves

New Highs: MCD, DG, VZ

H Breakout: NEM,

D Breakout: DLTR

Gap Up: BIIB, CA, ITW,

Gap Down:  BA, AAPL, X

Bear Flag: AVGO, GILD, AIG, LOW, TEVA, AXP, DIS, IBM, DPS,

______________________

8 of 100 NDX stocks closed higher on Wednesday.

12 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

CA

Moving Below 30 DMA = 7

ENDP, FISV, FOXA, MYL, QCOM, TMUS, TSCO

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral

AAPL, BA Down, BIIB, HA Up After Earnings...Oil Drifts...FOMC Concludes Today...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...

11:43 am ET - Are you watching for the SPY breakout above last week's high of 190.76?  ...if not, YOU'RE not watching for the the Chart Signals...



10:15 am ET - Earnings is a primary event that can drive a stock up or down.  Earnings is one of the key reasons the statement  “It’s a market of stocks, not just a stock market,” is accurate.  

This morning AAPL is down on 95% above average volume...BA is down on 485% above average volume...BIIB is up on 110% above average volume...HA is up on 383% above average volume.  At the same time SPY is down on 65% below average volume and QQQ is down on 45% below average volume.

While sellers are clearly in control on AAPL and BA, and buyers are in control on BIIB this morning, the broader SPY and QQQ are lower on what appears to be buyers not stepping up in front of the FOMC announcement today.

9:35 am ET - Airlines taking flight following positive EPS reaction on HA...also flying this morning: UAL, ALK, DAL, AAL, LUV, JBLU... BMO -  ES -5.75...NQ -23.50...SPY -0.58...

Earnings reactions:  AAPL -2.99...BA -7.56...

Quoting Down:  BA, AAPL, TSS, TXT, TRIP, BBBY, T, PCLN, TAP, F, EMC, COL, EXPE, TEL, FCX, MRK, NWSA, GD, NFLX, AA, SWKS


Quoting Up: BIIB, ITW, FDX, AAL, CCL, CA, PGR, LM, SYK, UAL, NEM, CELG, RCL, FB, MCD

Oil Rallies...SPX Moves Higher...MMM, JNJ, PG and DD Positive EPS Reactions Lift DJIA...AAPL Lower in After-hours...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...

All nine sectors moved higher on Tuesday…XLE, XLI and XLB were the strongest sectors while XLU was the weakest sector.  Oil gained 71 cents to close at 30.51, fueling XLE as the strongest sector.

                         

Breadth strengthened as advancers led decliners 5.06 to 1 on the NYSE and as 2.40 to 1 on the NASDAQ.

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday- strengthened, advancers led

Wednesday – mixed, decliners led

SPY up 2.56 at 190.20 on 141.0 million shares, 9% below average volume

VIX down 1.65 at 22.50…

TNX down .28 at 19.9…

TLT up .06 at 126.08…on 5.6 million shares, 37% below average volume

XLF up .35 at 21.20…on 51.9 million shares, 9% below average volume

AAPL up .55 at 99.99 on 75.0 million shares, 41% above average volume

FB up .33 at 97.34 on 26.8 million shares, 2% below average volume

Technical Commentary:

IWM +2.00%, DIA +1.79%, SPY +1.36%, QQQ +0.90%. 

Positive earnings reactions from MMM, JNJ, PG and DD help lift DJIA to a horizontal breakout setup.

MCD hits new all-time closing high following earnings on Monday.  AAPL moved lower after the close on Tuesday after reporting record revenues and profits.

Earnings this week:

Monday: MCD, HAL, KMB,

Tuesday: DD, JNJ, MMM, PG, AAPL, CA,

Wednesday:  BA, BIIB, LRCX, CTXS, EBAY, FB, PYPL, QCOM, SNDK, TSCO, TXN, UTX, VRTX

Thursday:  CAT, CELG, CHKP, CVX, V, AMGN, AMZN, EA, KLAC, MSFT, SWKS, WDC

Friday:  AAL, PCAR, STX

YTD:

SPX Leaders:  SWN, EQT, M, SE, TWX, RRC, COG, SNI, DISCK, HAS (73)

SPX Losers: ESV, FCX, BWA, MRO, WRK, CHK, APC, HES, CF, AA

                        

NDX Leaders:  DISCK, VIAB, KHC, CTSH, EA, XLNX, ROST, TMUS, DLTR, PCAR (11)

NDX Losers: INCY, VRTX, MU, WDC, STX, ADSK, ALXN, TSLA, TRIP, LBTYA

DJI Leaders:  WMT, VZ, MCD

DJI Losers: AXP, DD, GS, JPM, INTC, CAT, CSCO, BA, IBM, UTX

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 26. 

__________________

Setups

Horizontal Breakout: DRI, WMT, STZ, TWX, EAT, SPWR, CSIQ, TSL, PSA, EXR, CUBE

Bull Flag: HAS, M

Moves

New Highs: MCD, CPB

H Breakout: MCD, CTSH, EA

Bull Flag Bounce: SE

Gap Up: MMM, JNJ, PG

______________________

82 of 100 NDX stocks closed higher on Tuesday.

18 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 11

DISCA, DLTR, ENDP, FISV, FOXA, ORLY, PCAR, QCOM, ROST, TMUS, TRIP

Moving Below 30 DMA = 1

ISRG

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Up