QQQ, XLK, FB, AMZN, GOOGL, WDC Make New All-time Closing Highs...SPX, DIA Pause at Resistance...IWM Bull Flag...

• SPX forms bearish engulfing at resistance.
• QQQ, XLK make new all-time closing high.
• IWM forms bull flag
• FB, AMZN, GOOGL, WDC make new all-time closing high.    
• Three sectors were positive led by healthcare XLV and technology XLK. 
• VIX rose +0.46 to 10.82.
• Oil falls -0.05 to 49.19
• CVX +1.17% leads DJIA.
• RCL +6.07% after earnings leads SPX.
• CERN +7.81%, WDC +3.92%, GOOGL +3.71%, IDXX +3.05% after earnings lead NDX. 
• Intermediate and long term up trend intact.  3-day short term trend neutral.
                               

Up: QQQ

Down: SPY, DIA, IWM

Uptrend sectors:  XLK, XLV, XLY, XLB, XLI, XLP, XLRE,

Look for a potential bounce in: V, HAS, ETFC, SWKS, AVGO, TXN, KEY, MAR, IWM, MCD,

                  (click image to enlarge)

One Day Pullback: SPY, DIA, PAYX, ROST, MXIM, ADP, XLY, EXPE, WMT, MCHP, SBUX, ADSK, AMAT, LRCX,

Bounces included: MU,

Potential Breakouts include: ADBE, MU, SPY, DIA, TSLA, WBA, NVDA, ARNC, COST

Breakouts: WDC, AMZN, RCL, NCLH,  

New Highs ADBE, WDC, EA, FB, UNH, HD, ATVI,  PYPL, QQQ, JD, MSFT, BABA, DIS, CSX,

Earnings week ended April 28:

Monday:  HAS, HAL, ITW, KMB, AA, WHR, ZION, ESRX,

Tuesday: DD, BHI, BIIB, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR, EW, TXN

Wednesday: WYN, UTX, PG, AMGN, CTXS, FISV, PYPL, TSCO, XLNX, ALK, BA, PEP,

Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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IWM, XLY, Make New All-time High Close…QQQ, SPY, DIA Pause…EPS Gainers EW, WYN Lead SPX…

• SPX forms potential shooting star at resistance. 
• Three sectors were positive led by healthcare XLV and consumer discretionary XLY. 
• VIX rose +0.09 to 10.85.
• Oil falls -0.15 to 49.21
• VZ +1.41% after earnings leads DJIA.
• EW +10.49% and WYN +9.02% after earnings lead SPX.
• NCLH +3.29% leads NDX.
• Short-term, intermediate and long term up trend intact.

Up: IWM,

Down: SPY, DIA, QQQ

Uptrend sectors:  XLB, XLI, XLK, XLP, XLY, XLRE, XLV,

Look for a potential bounce in stronger stocks like: MU, V, HAS, ETFC, SWKS,

One Day Pullback:  ADBE,

Bounces included:

Potential Breakouts include: SPY, DIA, AVGO, V, WDC, MXIM, PAYX, ROST, WBA, TXN, AMZN, TSLA, ADP, AAL, KEY, NVDA, ARNC

                  (click image to enlarge)

Breakouts: MAR, IWM, NCLH, COST,

New Highs MAR, IWM, XLY, EA, EXPE, FB, WMT, UNH, HD, MCHP, SBUX, ATVI,  PYPL, QQQ, MCD, ADSK, AMAT, JD, LRCX, MSFT, BABA, DIS, CSX,

Earnings this week:

Monday:  HAS, HAL, ITW, KMB, AA, WHR, ZION, ESRX,

Tuesday: DD, BHI, BIIB, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR, EW, TXN

Wednesday: WYN, UTX, PG, AMGN, CTXS, FISV, PYPL, TSCO, XLNX, ALK, BA, PEP,

Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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QQQ, XLB, XLK, XLP, XLY Make New All-time High Close...SPX / SPY Near March 1 All-time High...Seven Sectors in Uptrend...

• ·         SPX rallies makes second highest all-time closing high. 
• ·         Nine sectors were positive led by materials XLB and financials XLF. 
• ·         VIX down -0.08 to 10.76.
• ·         Oil rises +0.15 to 49.36
• ·         CAT +7.86% after earnings leads DJIA.
• ·         AA +9.55% after earnings leads SPX higher.
• ·         NFLX +5.79% leads NDX.
• ·         Short-term, intermediate and long term up trend intact.

Up: DIA, IWM, QQQ, SPY,

Down:

Uptrend sectors:  XLB, XLI, XLK, XLP, XLY, XLRE, XLV,

Look for a potential bounce in stronger stocks like: MU, V,

Bounces included: DIS,

Potential Breakouts include: SPY, IWM, DIA, AVGO, V, WDC, MAR, MXIM, PAYX, ROST, TXN, WBA, ETFC, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: DIA, UNH, AAL, ADP, AVGO, COST, SWKS, KEY, NVDA, NTES,

New Highs QQQ, XLY, MCD, ADBE, ADSK, AMAT, ATVI, EA, EXPE, FB, JD, LRCX, MSFT, PYPL, BABA, WMT, UNH, HD, MCHP, STX, DIS, CSX, SBUX,

Earnings this week:

Monday:  HAS, HAL, ITW, KMB, AA, WHR, ZION, ESRX,

Tuesday: DD, BHI, BIIB, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR,

Wednesday: AMGN, FISV, PYPL, TSCO, XLNX, CTXS, ALK, BA, PEP, UTX, PG,

Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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Broad Market Rally on Rising Volume, Led by Financials Following French Election Surprises Many…VIX Drops Big...

·         8 SPX rallies following French election. 

·         8 Nine sectors were positive led by financials. 

·         8 VIX collapsed -3.79 to 10.84 largest daily drop from prior close in 2017.

·         8 JPM +3.53% leads DJIA.

·         8  BCR +19.50% after BDX buyout leads SPX higher.

·         8 HAS +5.90% after earnings leads NDX.

·         8 Trend and support now short-term, intermediate and long term up trend intact.

 8 Oil drops -.42 to 49.21 its lowest close since Mar 29

Up: IWM, QQQ, SPY, DIA

Down:

Uptrend sectors:  XLK, XLP, XLY, XLRE, XLV,

Look for a potential bounce in stronger stocks like: MU, DIS, V,

Bounces included: MCHP, STX, WDC

Potential Breakouts include: SPY, IWM, DIA, CSX, MAR, MXIM, PAYX, ROST, TXN, WBA, ETFC, V, UNH, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: QQQ, MSFT, IWM, ADBE, AAL, ADP, AMAT, ADSK, ATVI, AVGO, COST, EA, EXPE, SWKS, KEY, XLY, HD,

New Highs SBUX, ADBE, ADSK, AMAT, ATVI, EA, EXPE,FB, JD, LRCX, MSFT, PYPL, BABA, MCD, WMT, HD,

Earnings this week:

Monday:  HAS, HAL, ITW, KMB, AA ZION

Tuesday: AAPL, DD, WHR, BHI, BIIB, ESRX, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR,

Wednesday: AMGN, FISV, PYPL, TSCO, XLNX, CTXS, ALK, BA, PEP, UTX, PG,

Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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SPX Pauses as Oil Falls, VIX Bounces into Weekend French Elections…

·         8 Oil drops -1.08 to 49.63 its lowest close since Mar 29

·         8 SPX and SPY pulls back holds at Thursday’s S1 on increased volume. 

·         8 Two sectors were positive. 

·         8  VIX moved up to 14.63.

·         8  MSFT +1.37% leads DJIA.

·         8 COL +5.13% after earnings leads SPX higher.

·         8 CSX +2.44% leads NDX.

·         8 Trend and support still indicate intermediate and long term up trend intact.

Up:

Down: QQQ, DIA, IWM, SPY

Uptrend sectors:  XLY, XLRE, XLP, XLV,

Look for a potential bounce in stronger stocks like: MU, MCHP, STX, WDC,

Bounces included: MSFT, TSLA,

Potential Breakouts include: QQQ, ADBE, AAL, ADP, AMAT, ADSK, ATVI, AVGO, COST, CSX, EA, EXPE, MAR, MSFT, MXIM, PAYX, ROST, SWKS, TXN, WBA, KEY, ETFC, XLY, V, UNH, HD, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: CSX,

New Highs SBUX, ADBE, CSX, EA, FB, JD, LRCX, MSFT, PYPL, BABA, MCD, WMT, DIS, V, HD,

Earnings week ended:

Monday:  JBHT, NFLX,

Tuesday: BAC, CMA, GS, IBM, ISRG, JNJ, LRCX, UAL, RF, UNH, YHOO

Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP

Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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IWM, DIA Lead Broad Market Rally as Breadth Strengthens...Positive EPS Reactions AXP, ADS, CSX and more....

·         8 SPX and SPY move towards resistance on increased volume. 

·         * Seven sectors were positive. 

·        *  VIX moved lower.

·         * AXP +5.92% after earnings leads DJIA higher.

·         * ADS +8.30% after earnings leads SPX higher.

·         * CSX +5.60% after earnings leads NDX higher.

·         * Trend and support still indicate up trend intact.

Up: IWM, DIA, QQQ, SPY

Down:

Uptrend sectors:  XLY, XLRE, XLP, XLV,

Look for a potential bounce in stronger stocks like: STX, MSFT,

Bounces included: QQQ, MU, AAPL, WDC, MAR,

Potential Breakouts include: AMAT, ADBE, AAL, ADSK, SWKS, ATVI,

CSX, EA, KEY, ETFC, QQQ, XLY, V, UNH, WBA, HD, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: FB, SBUX, BABA,

New Highs JD, FB, SBUX, BABA, MCD, WMT, DIS,

Earnings this week:

Monday:  JBHT, NFLX,

Tuesday: BAC, CMA, GS, IBM, ISRG, JNJ, LRCX, UAL, RF, UNH, YHOO

Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP

Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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IWM, QQQ Lead Broad Market as IBM Earnings Reaction Weighs on DJIA…

·        * SPX and SPY pulled back slightly and stayed above support on Wednesday on below average volume. 

·        * Four sectors were positive. 

·        * VIX moved higher.

·        * IBM -4.92% after earnings leads DJIA and SPX lower.

·        * Trend and support continue to indicate that a rally support bounce is more likely that a break of support.

Up: IWM, QQQ

Down: SPY, DIA

Uptrend sectors:  XLP, XLRE, XLU, XLY, XLV,

Look for a potential bounce in stronger stocks like: QQQ, STX, MU, AAPL, WDC, MSFT, MAR,

Bounces included: SWKS, ATVI, ADBE, TSLA, AAL,

Potential Breakouts include: FB, SBUX, ADBE, ATVI, AAL, AMAT, ADSK, BABA, AMZN,

                  (click image to enlarge)

Breakouts: JD,

Earnings this week:

Monday:  JBHT, NFLX,

Tuesday: BAC, CMA, GS, IBM, JNJ, LRCX, UAL, RF, UNH, YHOO

Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP

Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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SPX / SPY Pause on Tuesday after Strong Rally on Monday…

  

·        *  SPX and SPY paused on Tuesday following Monday’s reversal support bounce rally. 

·        *  Four sectors were positive. 

·        *  VIX moved slightly lower after a strong bounce down on Monday. 

·        * Trend and support continue to indicate that a rally support bounce is more likely that a break of support.

Up: IWM

Down: QQQ, SPY, DIA

Uptrend sectors:  XLP, XLRE, XLU, XLY, XLV,

Look for a potential bounce in stronger stocks like: CTRP, SWKS, ATVI, STX, MU, AAPL, ADBE, TSLA, AAL, WDC, MSFT,

Bounces on Monday included AMZN, FB, MAR, SBUX,

Potential breakouts include: JD, BABA,

Earnings this week:

Monday:  JBHT, NFLX,

Tuesday: BAC, CMA, GS, IBM, JNJ, LRCX, UAL, RF, UNH, YHOO

Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP

Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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