Setups to Watch for Tuesday
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Technical Commentary
The
broad indexes paused again on Friday before buyers
stepped in and pushed the NDX, SPX and DJIA to new all-time closing highs. Friday’s move was led by consumer staples,
technology and consumer discretionary.
Leading Consumer Staple stocks: KHC, CL, KMB, CLX, EL, TAP, STX
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Friday
was February monthly options expiration
day.
Markets
are closed Monday for George Washington’s birthday, commonly referred to a President’s Day making a three-day
weekend.
QQQ,
SPY = New all-time High
DIA,
IWM = bull flag pull back
Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV
Sideways: XLRE
Down Trend: XLE
Breadth weakened as decliners led 1,536 to 1,360 on the NYSE and advancers led 1,633 to 1,157
on the NASDAQ.
Friday
– strengthened, advancers led on
the Nasdaq, +8 sectors
Thursday – weakened, decliners led, +5
Wednesday – strengthened, advancers led, +6
Tuesday –
weakened, advancers led, +7
Monday – weakened, advancers led, +9
QQQ +0.43%, SPY +0.16%, IWM
-0.06%, DIA -0.29%,
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SPY up
.37 at 235.09 on 77.2 million shares, 8%
above average volume,
VIX down -.21
at 11.76
TLT up
.71 at 120.32…on 7.8 million shares, 15% below average volume
Oil futures were up .27 to close at 53.73 on Friday.
The SPY MFC green line is pointed up at 98 bullish.
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
SPX and NDX Highlights
SPX up 4 points at
2,351.
SPX gainers KHC, VFC, CL, MNK, SWKS, KMB, TIF, DVA, JWN, EVHC, XRAY,
EXR, RSG, COO, CLX, DLTR, MCO, FOSL, BWA, PSA, PVH, DG, SRCL, FSLR, CELG, URBN
QQQ closes up 56 cents at 129.81.
NDX point leaders: KHC, TMUS, CELG,
AAPL, GOOG, GOOGL, SBUX, AMGN, AVGO, CSX, MSFT, CSCO, AMAT and SWKS
65 of 100 NDX stocks closed
higher on Friday.
84
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
ESRX, HOLX, INTC, HKC,
MU
Moving Below 30 DMA = 2
FOXA, WDC
_______________________________
Strong Stocks: Setups
and Moves You Can Use
Bull Flag Setups include: XLY, GDXJ,
GS,
DD,
FB,
ATVI, PCAR, SYMC, STX, CMCSA, YHOO, TSLA, MXIM, LRCX, NVDA, MU, EA, CHKP, WDC,
RCL,
CLF, ETFC, AMD, STLD, SODA, MS, WFC, VALE, X, NRG, HBAN, STI, CFG,
One Day Pullback: NTES, NTAP, JD, IBM, FLEX,
Bull Flag Bounces include: AMAT, DE, (2)
Horizontal Breakout Setups include: DE, TXN, SOXL, TMUS, GM, INTC, VIAB, DIS,
CAT, HIG, WB, AMZN, CSX, GOOGL, MSFT, UPS, XLB, FAST, MCHP, PCLN, NUE, MT, ROST,
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Horizontal Breakouts include: SWKS, ADSK,
New Highs include: BA, SRCL, WIX, AVGO, ADI, GD, COST, MCD, SHOP,
ADBE, DIA, XLK, XLP, XLI, BAC, PG, AAPL, QQQ, SPY, IWM, FAS, JPM, USB, MAR,
IBM, AXP, CC, EBAY, LUV, FLEX, NTES, KLAC, GLW, MMM,
At Support Setups include: CCL, UNH, BABA,
HAL, CHK, FCX, HES, LNG, BHI, CF,
Support Bounce: SQ, TMUS, TLT,
Break of Support: MGM,
_______________________________
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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