Five of ten sectors moved higher on Friday …XLY, XLK and XLF were the strongest
sectors while XLE was the weakest sector. Oil futures fell 1.17 to close at 43.12.
For the week ended November 4, seven of ten sectors
moved higher.
XLF +11.19%,
XLI +8.11%, XLV +6.03%,
XLY +3.90%, XLB +3.77%,
SPY +3.77%,
Lagging sectors XLE +2.49%, XLK +1.19%,
XLRE -1.24%, XLP
-2.07%, XLU -4.00%,
YTD 219
Leading Sectors: XLI +15.17%, XLE +15.15%,
XLF +11.99%, XLB +10.89%,
XLK +9.11%, XLU +6.35%,
SPY +6.16%,
Lagging Sectors: XLY +1.99%, XLP +0.10%, XLV -2.14%, XLRE -5.95%
Lagging Sectors: XLY +1.99%, XLP +0.10%, XLV -2.14%, XLRE -5.95%
Breadth strengthened as advancers led 1,653
to 1,397 on the NYSE and led 1,961 to 828 on the
NASDAQ.
Friday
– strengthened, advancers led, +5
Thursday – weakened, advancers led on NASDAQ, +6
Wednesday – strengthened, advancers led, +6
Tuesday –
weakened, advancers led, +10
Monday – strengthened, advancers led, +10
SPY down
.50 at 216.42 on 100.5 million shares, 4%
above average volume
VIX down
.57 at 14.17
TLT down .69
at 122.04…on 10.0 million shares, 12% above average volume
Technical Commentary:
IWM +2.30%, DIA +0.18%, QQQ +0.05%, SPY
-0.23%,
IWM
breaks horizontal resistance to new all-time high
DIA and IWM at new highs
in uptrend
DIA
made a new closing high at 188.47
SPY and QQQ in sideways
trend
SPX pulls
back 2 points to 2,164
VIX
did not confirm the SPX pullback
SPY average volume
TLT again had high
selling volume
Money
continued to rotate from bonds and into
stocks
NVDA +20.20, +29.81% beat
eps .94 vs. .57 estimate, beat revenues $2 billion vs. $1.69 billion estimate,
raised revenue guidance.
Steel
stocks X, AKS, SCHN and ATI continued
their rally on Friday.
Airline
stocks SKYW, AAL, DAL, SAVE and UAL
continued their strong short-term uptrend on Friday.
SPX Leaders: NVDA, GCI, JWN, KSS, URBN, MU, GM, KMX, RVO, COL, WDC,
HRB, TSCO, RHI, KEY, FITB, STX, VNO, LUK, DIS,F, ETFC, SYF, CMA, HST, WU, SCHW,
AMAT, COF, RF, SNI, HPQ, MCSA, M and KR
EPS Positive Reactions
NVDA,
QVCA, PCLN, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, LVS, UBNT, SLCA, SBUX, MCHP, FOSL, CAR, RIG, DDD, YELP,
SHOP, ABC, SQ, HSIC, ZTS, DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP,
COH, TSO, RCL, HBI, SRCL, HSY, EMN,
VRSN, UBS, BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR,
OI, FLIR, ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT,
BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG, UNH, GS, CE, DPZ, CMA, UAL,
HAS, DAL, CSX, COST, RHT, FDX, ADBE
EPS Negative Reactions
TRIP, CVS,
ENDP, NWSA, ALB, IFF, EXPD MNST, ATVI,
FSLR, WYNN, CS, APA, FB, UVE, AIG, CHTR, PAYC, DATA, CAVM, BABA, X, GILD, HLF,
ILMN, NFX, DO, SCTY, AMZN, MCK, ABC,
CAH, GT, ABBV, LM, COG, CA, AMGN, AET, LITE, XOM, CLF, ORLY, NEM, POT, AAPL,
EW, CMG, LUV, CMCSA, UA, P, WHR, PNRA, JBLU, GM, MMM, NLSN, WAT, SHW, MAS, PNR, MCO, EBAY, TRV, LRCX, TSCO, INTC,
ISRG, ST, JNJ, IBM, AA, FAST, ILMN, MU, PAYX, CCL
EPS Neutral Reactions
SWKS, LBTYA, CI, QCOM, FOXA, GOOGL,
PSX, SKYW, BX, CA, TWTR, UPS, TSLA, MO, NXPI, STT, GD, KO, ESRX, VRTX, PCAR, AAL, NUE, XLNX, CTXS, LLTC, BAC, C,
JPM, PNC
Consider
moving up stops on short term bullish trades that
could pull back. All according to your profit protection rules.
Remember
breakouts typically test about 70% of the time.
Technical analysis based trades should be closed before earnings. After-hours
Trade
what you see, not…
Stocks below support should generally be traded bearishly until a reversal pattern forms.
______________________
Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: AKAM, PYPL, SQ, EXPE, HSY, QCOM, MXIM, VRSN,
Bull Flag Bounces include:
Horizontal Breakout Setups include: SAVE, ULTA, ALK, HAS,
CMCSA, CCL, NCLH, DLTR, PCAR, COST
,
Horizontal Breakouts include: ALK, CMCSA, WFC, BBBY,
TMUS, SAVE, LUV, CCL,
New Highs include: GS, DAL, AKS, JPM, STI, X, SCHN, MS, BAC, USB,
ZION, CMA, CE, RCL, UAL, AAL, CC, STLD, MLM, NUE, C,
Horizontal Break of Support Setups include: CAVM,
JD, TSLA, MDLZ,
Break of Support: NEM, NTES, NFLX, AMZN, CTRP, BIDU, MSFT, TRIP, ATVI, CERN,
______________________
Short-term Movers for the week:
SPX gainers: NAVI, URI, AMP, FCX, KSS, FOSL, MNK, LNC, MLM, GCI, RF,
CSRA, SPLS, ZION, URBN, NUE, ETFC, MS, ENDP, SCHW, JWN, AA, KEY, LUK, WFC, GS,
RHI, HUM, FITB, DFS, HBN, SYF, PH, VMC, BAC, MET, CMA, TXT, PRU, JPM, CFG, CAT,
JEC, GPS, UNM, R, STI, PBCT, ABBV, GD, AET, EMR, M, LLL, ANTM, AYI, ROK, ABC, IVZ, PNC, MOS, PWR, JBHT, MTV, RTN, XYL,
CME, FLS, NTRS, COF, ETN, SIG, TROW, SYY, BMY, GWW, AIG, XL, IR, CMI, NSC, BEN,
TIF, TMK, +10, 95, +4, 256
SPX losers: CAG, CNC, NEM, COTY, ADM, CVS, EXC, IFF, NEE, EFX, HCA, VTR,
AES, PM, KSU, AMT, CCI, SRT, PLD, FE, SYK, HCN, AIV, O, DHI, ZBH, ETR,
HCP, DPS, WEC, SO, EQIX, HRL, STZ, ED,
D, MO, -4, 44
NDX gainers: NVDA, REGN, INCY, ENDP, VRTX, CELG, BIIB, BBBY, SHPG, STX,
FAST, CSX, BMRN, NTAP, QVCA, AMGN, ESRX, CMCSA, CHTR, TSCO, PCAR, MYL, LMCA,
PCLN, AAL, WDC, TMUS, SYMC, ADSK, MU, INTU, DLTR, PAYX, GILD, MRA, SIRI, VIAB,
COST, WF, ULTA, CA, +4, 43
NDX losers: TRIP, ALXN, ISRG, CERN, MNST, SBAC, NFLX, ATVI, -4, 8,
YTD: 219
SPX Leaders:
FCX, OKE, NEM, MLM, URN, SE, CMI, PWR, HPE, PVH, (341, +42, > 10p 214, +36)
SPX Losers: FSLR, GCI, PRGO,
AGN, FTR, HRB, LB, AN, MCK, COTY
NDX Leaders:
NVDA, AMAT, CHTR, TMUS, QCOM, CSX, NTES, ULTA, NTAP, TXN, (57, +2, >10p 34, +1)
NDX Losers: ENDP, ALXN, TRIP, SRCL,
NCLH, MYL, ILMN, LBTYA, VRTX, QVCA
DJI Leaders:
CAT, UNH, MRK, CVX, IBM, MMM, WMT, JPM, CSCO, JNJ (23, +5, >10p 12, +3)
DJI Losers: NKE, DIS, KO, MCD, TRV, HD, GE
DJI Losers: NKE, DIS, KO, MCD, TRV, HD, GE
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
The SPY MFC green line is pointed up at
75, bullish.
55 of 100
NDX stocks closed higher on Friday.
56
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 9
CA, COST, DISCA, HSIC,
MU, NTAP, NVDA, ROST, TXN
Moving Below 30 DMA = 3
ALXN, EXPE, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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