Setups to Watch for Thursday
Technical Commentary
The
broad indexes make another new all-time closing highs led by small caps,
healthcare and consumer staples.
QQQ, SPY,
DIA, IWM = New High
Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV
Sideways: XLRE
Down Trend: XLE
Breadth strengthened as advancers led 1,740 to 1,208 on the NYSE and led 1,796 to 979
on the NASDAQ.
Wednesday – strengthened, advancers led, +6 sectors
Tuesday –
weakened, advancers led, +7
Monday – weakened, advancers led, +9
Friday – strengthened, advancers led, +10
Thursday – strengthened, advancers led on the NYSE, +8
IWM +0.60%, QQQ +0.59%, DIA
+0.59%, SPY +0.52%,
SPY up 1.22 at 234.92 on 86.7 million shares,
21% above average volume,
VIX up 1.23 at 11.97
TLT down -.87
at 119.51…on 8.4 million shares, 11% below average volume
Oil futures were down .05 to close at 52.98 on Wednesday.
The SPY MFC green line is pointed up at 97 bullish.
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
SPX and NDX Highlights
SPX up 12 points at
2,349, another all-time new high.
SPX gainers FLIR, ENDP, ADI, WYN, NRG, MYL, PG, LUV, PRGO, GILD, EVHC,
MCK, CELG, UAL, MNK, BIIB, DAL, COTY, PGR, BMY, A, R, TROW, FSLR, PFE, AMGN
QQQ closes up 76 cents at 129.29, a new all-time closing high.
NDX point leaders: AMZN, GILD,
AMGN, AAPL, CELG, CSCO, BIIB, QCOM, ADI, CMCSA, MYL, CHTR, REGN and JD
79 of 100 NDX stocks closed
higher on Wednesday.
84 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
ENDP, SBUX,
Moving Below 30 DMA = 0
_______________________________
Strong Stocks: Setups
and Moves You Can Use
Bull Flag Setups include: GDXJ,
NVDA,
TXN, FB, LRCX, MXIM, ATVI, AMAT, MU, WDC, CHKP,
VALE,
DE, SYMC, AMD, K, X, AKS,
One Day Pullback: TSLA,
Bull Flag Bounces include: PG, SOXL, MCHP, EA, PCLN, NUE, NTES, DHI,
MT, (9)
(click image to enlarge)
Horizontal Breakout Setups include: NRG, VIAB, DIS, HBAN, BA, DD, CAT, KLAC, SWKS,
ADSK, STLD, CMCSA, HIG, WB, AMZN, CSX, GOOGL, PCAR, ATI, CCL, MSFT, UPS, HAL,
CHK, XLB, FAST, ETFC, BABA, MGM, UPS,
Horizontal Breakouts include: PG, ADI, FLEX, CFG, V, UNH, GD, YHOO, ETFC,
GM, ROST,
(click image to enlarge)
New Highs include: PG, WIX, SODA, AAPL, QQQ, DIA, SPY, IWM, XLI, XLK, XLP,
XLY, FAS, MS, GS, JPM, WFC, BAC, STI, USB, GLW, MAR, IBM, MMM, AXP, STX, RCL, CLF,
SHOP, COST, MCD, CC, JD, ADBE, EBAY, LUV, AVGO, CLF,
(click image to enlarge)
At Support Setups include: TLT, CF, FCX,
HES, LNG, SQ, BHI,
Support Bounce: MGM, TMUS, INTC,
Break of Support:
_______________________________
Earnings
This week:
Monday –
Tuesday – DISCA, ESRX, INCY, TMUS, FOSL, AIG, DVN
Wednesday – ADI, AMAT, CSCO, KHC, LBTYA, MAR, NTES, WYN
Thursday – ALXN, CHTR, SHPG,
Friday – XRAY
Earnings Reports
Positive earnings reactions
WIX +8.55, +16.15%
ADI +3.76, +4.83%
WYN +3.90, +4.77%
SODA +2.19, +4.63%
Negative earnings reactions
FOSL -3.39, -14.82%
AIG -6.04, -9.03%
DVN -1.71, -3.72%
After-hours
reports
NTES +18.15, +6.93%
CSCO +0.51, +1.58%
KHC -2.18, -2.40%
2016 Q4 EPS
EPS Positive Reactions
WIX, ADI,
WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS,
REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW,
TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,
EPS Negative Reactions
FOSL,
AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM,
GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB,
QRVO, PBI, D, ADP, 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
Add Comments here:
No comments:
Post a Comment