Setups to Watch for Friday
(click image to enlarge)
Technical Commentary
The
broad indexes paused on Thursday, led
by utilities, real estate and technology. NTES,
SRCL and NTAP gap up, while TRIP gaps down on earnings reactions.
Friday
is monthly options expiration.
Markets
are closed Monday for George Washington’s birthday, commonly referred to a President’s Day making a three-day
weekend. Often volume will slow on
Friday before a long weekend as traders take off early to get a jump on the
weekend.
DIA = New High
Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV
Sideways: XLRE
Down Trend: XLE
Breadth weakened as decliners led 1,671 to 1,256 on the NYSE and led 1,572 to 1,229 on the
NASDAQ.
Thursday
– weakened, decliners led, +5
Wednesday – strengthened, advancers led, +6 sectors
Tuesday –
weakened, advancers led, +7
Monday – weakened, advancers led, +9
Friday – strengthened, advancers led, +10
DIA +0.05%, QQQ -0.03%, SPY
-0.09%, IWM -0.28%,
SPY down -.20
at 234.72 on 82.3 million shares, 16%
above average volume,
VIX down -.21
at 11.76
TLT up .65 at 119.61…on
10.0 million shares, 6% above average volume
Oil futures were up .46 to close at 53.44 on Thursday.
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 down 2 points at 2,347.
SPX gainers SRCL, NTAP, IFF, FOSL, ETR, DUK, CSCO, AIG, LH, NI, DO,
HCP, EXR, KMB, HUM, WBA, PSA, ALLE, SRE, STZ, NEM, VTR, PLD, DPS, LUK, CLX, PEP
QQQ closes down 4 cents at 129.25.
NDX point leaders: CSCO, NTES,
GOOG, INTC, WBA, GOOGL, AVGO, FB, AMZN GILD, QCOM and TXN
46 of 100 NDX stocks closed
higher on Thursday.
81
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
CA, MNST,
Moving Below 30 DMA = 5
EXPE, KHC, MDLZ, NVDA,
TRIP,
_______________________________
Strong Stocks: Setups
and Moves You Can Use
Bull Flag Setups include:
FB,
ATVI, CHKP, TSLA, MXIM, AMAT, LRCX, NVDA, MU, WDC, PCAR,
DE,
SYMC, VALE, X, AMD, STLD,
One Day Pullback: SODA, XLY, MS, GS, WFC, RCL, CLF, ETFC,
Bull Flag Bounces include: GDXJ, TXN (2)
Horizontal Breakout Setups include: NRG, EA, GM, INTC, VIAB, DIS, HBAN, DD,
CAT, SWKS, ADSK, CMCSA, HIG, WB, AMZN, CSX, GOOGL, CCL, MSFT, UPS, XLB, FAST, SOXL,
MCHP, PCLN, NUE, MT, UNH, YHOO, ROST,
Horizontal Breakouts include: NTES, BA, KLAC, SRCL, NTAP
(click image to enlarge)
New Highs include: NTES, WIX, GLW, AVGO, MMM, ADI, GD, COST, MCD, JD, SHOP,
ADBE, DIA, XLK, XLP, XLI, BAC, PG, AAPL, QQQ, SPY, IWM, FAS, JPM, STI, USB, MAR,
IBM, AXP, STX, COST, CC, EBAY, LUV, FLEX, CFG,
At Support Setups include: BABA, HAL,
CHK, FCX, HES, LNG, BHI,
Support Bounce: TMUS, TLT,
Break of Support: MGM, CF, SQ,
_______________________________
Earnings
This week:
Monday –
Tuesday – DISCA, ESRX, INCY, TMUS, FOSL, AIG, DVN
Wednesday – ADI, AMAT, CSCO, KHC, LBTYA, MAR, MDLZ, NTES, SODA, WIX, WYN, SRCL,
NTAP,
Thursday – ALXN, CHTR, SHPG,
Friday – XRAY
2016 Q4 EPS
EPS Positive Reactions
NTES,
SRCL, NTAP, CSCO, SHPG, 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
MDLZ,
KHC, 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
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