Indexes Pause on Friday with New Highs in Q1 2017...QQQ, XLK, NRG, VRTX, AAPL Leaders YTD...

Setups to Watch for Monday

                  (click image to enlarge)

Technical Commentary

March is over and 2017 Q1 is in the record books.  Here’s the bottom line YTD.

YTD Leaders since Dec 30, 2016

QQQ = 11.73%

SPY = 5.46%

DIA = 4.47%

IWM = 1.95%

VIX -1.67 points

                  (click image to enlarge)

Sectors = XLK, XLY, XLV XLU, XLP

                   (click image to enlarge)

SPX = NRG, WYNN, IDXX, QRVO, SYMC, HAS, AMD, PHM, XRX, ADBE

                   (click image to enlarge)

NDX = VRTX, ATVI, INCY, ILMN, VIAB, NTES, MU, SWKS, TSLA, CSX

                  (click image to enlarge)

DJIA = APPL, V, BA, CSCO, NKE, HD, DD, DIS, JNJ, MRK

                  (click image to enlarge)

The intermediate and long-term trends are still up.

IWM +0.16%, QQQ -0.07%, SPY -0.23%, DIA -0.30%,

                  (click image to enlarge)

Up Trend: XLY, XLK, XLU, XLV

Sideways: XLB, XLF, XLRE, XLI, XLP,

Down Trend: XLE

Breadth weakened as advancers led 1,771 to 1,216 on the NYSE and led 1,550 to 1,297 on the NASDAQ.

Friday –weakened, advancers led, +3 sectors

Thursday – weakened slightly, advancers led, +7

Wednesday – weakened slightly, advancers led, +7

Tuesday – strengthened, advancers led, +9

Monday – strengthened, advancers led, +2

SPY down .55 at 235.74 on 73.7 million shares, 9% below average volume,

VIX up .83 at 12.37

TLT up .35 at 120.71…on 5.1 million shares 34% below average volume

Oil futures were up .52 to close at 50.85 on Friday.

The SPY MFC green line is pointed up at 52, bullish with the SPY remaining above short-term support/resistance at 234.72.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX down 5 points at 2,363.

SPX gainers FMC, AMD, MLM, COG, AA, VMC, PXD, DNB, SRCL, NRG, BSX, RRC, MSI, VFC, CHK, WFM, KMI, FE, FOSL, SLG, PLD, CBOE HRL SPG, BBY, MUR, GGP, SPGI, O, DRI, PEG, AWK, FTI, KR, SWN

                  (click image to enlarge)

QQQ closes down .09 at 132.38.

   

NDX percentage gainers: VRTX, BIIB, DISCA, SBAC, AMZN, ENDP, INTC, MAT

 

                  (click image to enlarge)

38 of 100 NDX stocks closed higher on Friday.

61 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

MAT, QCOM

Moving Below 30 DMA = 4

INCY, ORLY, SIRI, STX

_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: WYNN, XLU, AMAT, CCL, TLT, RCL, FISV, MXIM, HD, JNJ, CLX, UNH, MNST, GDXJ, TXN, EBAY, CERN,

Bull Flag Bounces include: WIX, (1)

One Day Pullback: WDC, ATVI, HUN, PCLN, BABA SPY,  

MACD Histogram Bullish Divergence: IBM, PANW,

Horizontal Breakout Setups include: QQQ, AMD, NFLX, IYR, ADBE, LVS, MCD, LRCX, TSLA, CBOE, MOMO, NRG, CTRP, MU, DIA, XLE, NVDA, FLEX, SOXL, INTC, SYMC, UAL, X, STX, MMM, ROST, BA, EA, AVGO, AAL, LUV, CSX, YHOO, HOLX, KLAC, PYPL, CMCSA, DAL, HAS, ADI, CF, AA, GS, CTSH,

Horizontal Breakouts include: DIS, LNG, ULTA, RF, ZION, STI, NXPI, CHK, SWN,

New Highs include: QQQ, XLY, CC, AMZN, VIAB, MSFT, FB, AAPL, MAR,

At Support Setups include: SWKS, ALK, EXPE, NTES, ADP, V, PAYX

Support Bounce: NUE, AMBA,

Break of Support:

_______________________________

Add Comments here

QQQ, XLY and AMZN Make New All-time High...STX and WDC Lead NDX...

Technical Commentary

The rally continued on Thursday as QQQ and XLY made a new all-time closing high.

The intermediate and long-term trends are still up.

IWM +0.76%, SPY +0.32%, DIA +0.32%, QQQ +0.17%,

                 (click image to enlarge)

Up Trend: XLY, XLK, XLU, XLV

Sideways: XLB, XLF, XLRE, XLI, XLP,

Down Trend: XLE

Breadth weakened slightly as advancers led 1,823 to 1,182 on the NYSE and led 1,724 to 1,160 on the NASDAQ.

Thursday – weakened slightly, advancers led, +7 sectors

Wednesday – weakened slightly, advancers led, +7

Tuesday – strengthened, advancers led, +9

Monday – strengthened, advancers led, +2

Friday –weakened, decliners led, +1

SPY up .75 at 236.29 on 56.7 million shares, 30% below average volume,

VIX up .12 at 11.54

TLT down .98 at 120.36…on 7.0 million shares 11% below average volume

Oil futures were up .73 to close at 50.33 on Thursday.

The SPY MFC green line is pointed up at 51, bullish with the SPY remaining above short-term support/resistance at 234.72.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 7 points at 2,368.

SPX gainers COP, FCX, COF, GCI, HBAN, FITB, KEY, RF, ZION, AMD, NAVI, GPN, LNC, HPQ, BAC, CMG, XOM, DNB, PRU, PBCT, SPLS, BEN, SYF, CMA, STI, C, NWSA, PNC, RJF, QRVO, MET, AMP, AA, BK, BBY, BBT, SCHW, FDX, ETFC, UNM

                   (click image to enlarge)

QQQ closes up .22 at 132.47.

   

NDX percentage gainers: STX, WDC, VIAB, ESRX, DISCA, NVDA, MU, LBTYA, AAL, SIRI, DLTR, ALXN, NFLX, SBUX, BIDU

                  (click image to enlarge)

64 of 100 NDX stocks closed higher and two were unchanged on Thursday.

63 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

CMCSA, DISCA, INTC, SIRI, STX

Moving Below 30 DMA = 3

FISV, QCOM, XRAY

_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: CCL, RCL, XLU, AMAT, FISV, MXIM, HD, JNJ, CLX, WIX, UNH, MNST, TLT, GDXJ,

Bull Flag Bounces include: NVDA, TXN, FLEX, MMM, EBAY, (5)

One Day Pullback: NRG,

MACD Histogram Bullish Divergence: IBM, PANW,

Horizontal Breakout Setups include: NVDA, SYMC, UAL, X, STX, QQQ, DIA, XLE, ROST, IYR, BA, EA, AVGO, DIS, LVS, ADBE, CTRP, MCD, AAL, LUV, CSX, YHOO, HOLX, KLAC, LRCX, PYPL, GLW, SWKS, SOXL, INTC, ALK, TSLA, AMD, DAL, EXPE, HAS, ADI, CF, SPY, LNG, AA,

Horizontal Breakouts include: STX, ULTA, RF, ZION, STI, NXPI, NFLX, CHK, SWN,

New Highs include: QQQ, XLY, WDC, CC, AMZN, FB, ATVI, HUN, WYNN, AAPL, MAR, PCLN, BABA

At Support Setups include: NTES, ADP, CMCSA, V, PAYX

Support Bounce: GS, NUE, AMBA,

Break of Support: 

_______________________________

Earnings

This week:

Monday – DRI, RHT

Tuesday – MKC, CCL, 

Wednesday – PAYX

Thursday –

Friday –

Earnings Reports

Positive earnings reactions

DRI +7.04, +9.31%

RHT +4.28, +5.21%

Negative earnings reactions

PAYX -1.52, -2.51%

After-hours reports

MU +2.72, +10.28%

2016 Q4 EPS (since Mar 7)

EPS Positive Reactions

DRI, RHT, CCL, MU, PVH, CTAS, FDX, TIF, ADBE, ORCL, ULTA, SIG, HRB

EPS Negative Reactions

PAYX, MKC, ACN, NKE, LEN, GIS, URBN,

Add Comments here

SPX Pauses Tests S1 as Rally Continues...VRTX Jumps 20.45% on Phase 3 Studies...

Setups to Watch for Thursday

                  (click image to enlarge)

Technical Commentary

In Tuesday’s post we discussed the 23.6% Fib retracement of the intermediate term trend since the November election.  Tonight we highlight Wednesday’s pause that stayed above both Tuesday’s large white candle S1 and the bounce that occurred today at the 23.6% Fib retracement of the rally this week.

              (click image to enlarge)

Bottom-line:  Technically speaking the SPX been in a healthy consolidation and the intermediate and long-term trends are still up.

QQQ +0.46%, IWM +0.32%, SPY +0.09%, DIA -0.21%,

                  (click image to enlarge)

Up Trend: XLY, XLK, XLU, XLV

Sideways: XLB, XLF, XLRE, XLI, XLP,

Down Trend: XLE

Breadth weakened slightly as advancers led 1,953 to 1,050 on the NYSE and led 1,743 to 1,103 on the NASDAQ.

Wednesday – strengthened slightly, advancers led, +7 sectors

Tuesday – strengthened, advancers led, +9

Monday – strengthened, advancers led, +2

Friday –weakened, decliners led, +1

Thursday – strengthened, advancers led, +4

SPY up 0.22 at 235.54 on 61.9 million shares, 25% below average volume,

VIX down .11 at 11.42

TLT up 0.72 at 121.34…on 6.2 million shares 21% below average volume

Oil futures were up 1.16 to close at 49.60 on Wednesday.

The SPY MFC green line is flat at 50.6, be bullish with the SPY remaining above short-term support/resistance at 234.72.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 3 points at 2,361.

SPX gainers CHK, JWN, HES, KSS, RRC, MRO, DVN, GS, APA, MUR, UAA, NRG, SWN, FTI, OKE, DG, VMC, MP, FL, TGT, HPE, MNK, NOV, WMB, CTL, M, EQT, COG, HAL, AYI, EQIX, ABX, RL, APC

                   (click image to enlarge)

QQQ closes up .61 at 132.25.

   

NDX percentage gainers: VRTX, ENDP, REGN, DLTR, AMZN, ORLY, ALXN, SYMC, DISCA, GOOG, TRIP, GOOGL, ADSK, ILMN, SBAC, WDC, NFLX

                  (click image to enlarge)

69 of 100 NDX stocks closed higher and one was unchanged on Wednesday.

61 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 9

ADSK, CHTR, EBAY, FAST, LVNTA, NXPI, ORLY, TRIP, VRTX,

Moving Below 30 DMA = 2

ADP, CSCO,

_______________________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: XLU, AMAT, FISV, MXIM, NVDA, TXN, HD, JNJ, CLX, FLEX, MMM, WIX, NRG, EBAY, UNH,

Bull Flag Bounces include: NRG, SYMC, MNST, (3)

One Day Pullback: CCL, RCL, UAL,

MACD Histogram Bullish Divergence: X, STX, IBM, PANW,

Horizontal Breakout Setups include: QQQ, DIA, XLE, IYR, BA, EA, PANW, AVGO, ULTA, DIS, LVS, ADBE, CTRP, MCD, AAL, LUV, RF, CSX, ZION, STI, YHOO, HOLX, KLAC, LRCX, PYPL, GLW, NXPI, NFLX, SWKS, SOXL, INTC, TLT, ALK, TSLA, AMD, GDXJ, DAL, EXPE, HAS, ADI,

Horizontal Breakouts include: CHK, SWN, CF, AMZN, SPY, XLY, FB, WDC, CF, BABA, LNG,

New Highs include: CC, AMZN, FB, ATVI, HUN, WYNN, AAPL, MAR PCLN,

At Support Setups include: NTES, ADP, CMCSA, V,

Support Bounce: ROST, GS, NUE, AA, LUV, RF, AMBA,

Break of Support: PAYX,

_______________________________

Earnings

This week:

Monday – DRI, RHT

Tuesday – MKC, CCL, 

Wednesday – PAYX

Thursday – PRGO

Friday –

Earnings Reports

Positive earnings reactions

Negative earnings reactions

PAYX -1.52, -2.51%

2016 Q4 EPS (since Mar 7)

EPS Positive Reactions

DRI, RHT, CCL, MU, PVH, CTAS, FDX, TIF, ADBE, ORCL, ULTA, SIG, HRB

EPS Negative Reactions

PAYX, MKC, ACN, NKE, LEN, GIS, URBN,

Add Comments here