January Review
Up Trend: XLI, XLB, XLY, XLK, XLP (all are bull flag setups, XLP 2 cents from
trigger)
Sideways: XLU, XLF. XLRE, XLV
Down Trend: XLE
January 20
Leading Sectors: XLB +4.55%, XLY +4.21%,
XLK +3.56%, XLV +2.29%,
XLI +1.86%,
SPY +1.79%,
Lagging Sectors: XLP +1.70%, XLU +1.55%,
XLF +0.26%, XLRE -0.13%,
XLE -3.21%
Breadth strengthened
as advancers led 1,889
to 1,096 on
the NYSE and led 1,724
to 1,090 on
the NASDAQ.
Tuesday – strengthened, advancers led, +5 sectors
Monday – weakened, decliners led, +1
Friday – weakened, decliners led, +2 sectors
Thursday – weakened, decliners led, +6
Wednesday – weakened slightly, advancers led, +7
Oil futures were up .23 to close at 52.80 on Tuesday.
SPY down .02
at 227.53 on 77.8 million shares, average volume,
VIX up .11 at 11.99
TLT up
.83 at 120.10…on 6.0 million shares, 32% below average volume
Technical Commentary
IWM +0.70%, SPY -0.01%, QQQ -0.20%, DIA -0.51%,
January is in the books.
NDX gained 5.20% to close at 5,116.
NDX finished with 83
stocks higher led by CSX, ILMN, SWKS,
INCY, VIAB
NDX had 29 stocks
with gains of 10
to 29% YTD.
SPX gained 1.79% to close at 2,098.
SPX finished with 321
stocks higher led by NRG, AA, FCX QRVO, URI.
SPX had 37 stocks
with gains of 10 to 34% YTD.
DJX gained 0.51% to close at 19,864.
DJX finished with 18
stocks higher led by DIS, V, BA
RUT gained 0.35% to close at
RUT leaders over $10 included TGH, CENX, CARA, SN, CLVS
The
Dow Jones Industrial Average ended
at 19,864, after an all-time high last week of 20,100.91,
and closing above 20,000 for the three straight days.
The
VIX closed at 11.99 after making a new 52-week
closing low Friday at 10.58.
____________________________________________________________________
SPX down 2 points at 2,279 forming bull flag on Tuesday.
SPX gainers TMO, MNK, MYL, DHR, ABC, REGN, COH, NEM, GGP, ENDP, NDQ,
SPG, GT, AGN, LLY, A, COP, FOSL, PKI, CELG, DLTR, LB, ZBH, DG, OKE, FCX
QQQ closes down .25 at 124.57
NDX point leaders: CELG, AMGN,
REGN, GILD, TMUS, MYL, INCY, ALXN, ATVI, ESRX and DLTR
_____________________________________________________________________
Earnings
This week:
Monday – AMG
Tuesday – AAPL, ABC, AET, AMD, DHR, EA, HCA, LLY, MA, NDAQ, NUE, PCAR, S, UAA,
X, XOM
Wednesday – FB, SYMC, CRUS, NXPI, QRVO, ADP, BAX, CAVM,
Thursday – AMZN, V, CME, CMG, HIG, EL, FEYE, FTNT, HBI, R, SIRI, VOD, SKYW,
Friday – CLX, HSY, PSX, WETF,
Today's Earnings Reports
Positive earnings reactions
DHR +3.56, +4.43%
ABC +3.66, +4.38%
NDAQ +2.36, +3.46%
LLY +2.33, +3.12%
AET +1.90, +1.63%
Negative earnings reactions
UAA -7.45, -25.74%
UPS -7.90, -6.75%
NUE -2.01, -3.34%
MA -2.97, -2.72%
XOM -0.97, -1.14%
After-hours
reports
AAPL +3.65, +3.01%
AMD +0.36, +3.47%
2016 Q4 EPS
EPS Positive Reactions
DHR, NDAQ,
ABC, LLY, AET, HCA, AMG, MXIM, VMW, WYNN, MSFT, KLAC, INTC, GD, ETFC, CMCSA,
URI, RCL, LUV, EBAY, WDC, STX, LOGI, ROK, BA, HBAN, ISRG,
NSC, ATI, GLW, RMD, DHI, DD, MB, BABA, CA, YHOO, SWKS, KSU, PG, CFG, COL, IBM, CHKP, NFLX, UNP, FAST, WFC, SNX,
MSM, CUDA, GPN, MU, CAG, NKE, KMX, CCL, JBL
EPS Negative Reactions
UAA,
UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS,
QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS,
VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE,
NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX,
GIS, ADBE
___________________________________________________________________
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Follow
your rules and look for potential re-entry if you were stopped out of any
profitable trades.
Remember
breakouts typically test about 70% of the time.
Technical analysis based trades should be closed before earnings.
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: QQQ, SPY, DIA, SOXL, XLI, XLB, XLY, XLK, XLP
AAPL,
TMUS, WDC, MSFT, ADSK, YHOO, TSLA, MAR, NVDA, LRCX, AMAT, DISCA, SWKS, PCAR, JD,
ADBE, CSX, CHTR, AVGO, KLAC, INTC, TXN, FAST, ADI, NCLH, AMZN, FB, SYMC,
BA, AXP,
IBM, V, CAT, CSCO, DD, UNH, JPM,
ETFC,
ATI, BABA, WB, LUV, LNG, WFC, PNC, HAL, DE, GD, RCL, CCL, CF, VALE, STI, SCHW, CFG,
HBAN, MS, BAC, FAS, RF, SHOP,
One Day Pullback: PCLN,
Bull Flag Bounces include: NTES, PG, ICE, NRG, FCAU, CC,
SQ,
At Support Setups include: COST,
CHK, C, GM, ALK, GOOGL, SBUX, MT, STLD, X, AKS, FTI, BHI, TRV, ADP, CLF, UTX,
XLNX, MMM, FISV, ZION, KEY, MGM,
Support Bounce: IWM, TLT, COST, ROST, CTXS,
Horizontal Breakout Setups include: NFLX, CHKP, MCD, CMA, MGM,
HIG,
Horizontal Breakouts include:
New Highs include: STX, DIS, ATVI, VIAB, MU, MXIM, EA, EBAY, USB,
CMCSA,
Break of Support: UPS, GS, PAYX, NUE, AAL, HES, DAL, APA, XOM,
______________________
January Leaders: 20
SPX Leaders:
NRG, AA, FCX, QRVO, URI, WYNN, PHM, CRM, ZBH, RCL, (321, -5 > 10p 37, +18)
SPX Losers: UAA, XRX, KSS, M,
SWN, SIG, BMY, HES, VAR, TDG
NDX Leaders:
CSX, ILMN, SWKS, VIAB, TSLA, STX, NTES, WDC, CHKP, MXIM (78, -5 >10p 28)
NDX Losers: ENDP, QCOM, ORLY,
AAL, CTSH, MAT, XLNX, MNST, BIIB, TSCO
With active options
trading
DJI Leaders:
MRK, V, NKE, PG, AAPL, DIS, AXP, IBM, BA, CAT, (18, +3, >10p 0,)
DJI Losers: VZ, XOM, GE, CVX,
GS, TRV, WMT, PFE, MMM, JNJ
(click image to enlarge)
The SPY MFC green line is in the upper zone at
84 bullish.
49 of 100
NDX stocks closed higher and one was
unchanged on Tuesday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 5
AKAM, ALXN, BMRN, MYL,
SBAC
Moving Below 30 DMA = 4
GOOG, INTC, NXPI, XLNX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
