Earnings season kicks off with multiple
releases on Friday
with JPM, C, WFC and PNC. DAL negative reaction today.
QQQ horizontal breakout setup.
SPY horizontal breakout setup.
DIA horizontal breakout setup.
IWM horizontal breakout setup.
Seven sectors were higher, led by financial XLF +0.60% and energy XLE +0.40%
SPY up .41 at 244.42 on 39.4 million shares, 41% below average.
VIX down .40 to 9.90.
Oil up .64 to 46.10
TLT down .78 at 123.18…on
7.4 million shares, 6% below average.
WMT +1.50% and AAPL +1.39% led
the DJIA, 15 advancers.
GPS +5.61%, NRG
+5.26% and
TGT +4.80% led the SPX.
ORLY +4.25%, PYPL +2.39%, LBTYA +1.85% and
DLTR +1.74% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, SPY, DIA, IWM,
Down:
Uptrend
sectors: XLF, XLV,
XLI, XLB, XLY
Neutral
sectors: XLK XLRE, XLU, XLP
Down
trend sectors: XLE
Breadth weakened as advancers led 1,514
to 1,346 on
the NYSE and decliners led 1,407 to 1,370 on the
NASDAQ.
The SPY MFC green
line is pointed
up at 68,
bullish.
Look for
a potential bounce in: MS, SCHW, C, BAC,
LUV, ADP, JBHT, BBRY,
At
support: RCL, DDD, MAR,
One Day
Pullback: AMD, MU, MOMO,
Bounces included:
WMT, JPM, WFC, ETFC, FAS, CCL, MNST,
Potential
Breakouts include: SPY, DIA, QQQ, IWM, CC, MCD, KWEB, NFLX,
AMAT, ADBE, ATVI, WDC, EXPE, BIDU, AABA, CSX, XLNX, KLAC, AVGO, V, AMZN, MCHP,
ANET, GOOGL, XLY, MMM, WYNN, JD, WYN, HUN,
NVDA, SHOP, EA, AAPL, ADSK, SWKS, WB, TSLA, LRCX,
Breakouts:
KWEB,
Break of
short-term support: BBY,
Bear flag:
COST, TLT,
New Highs: FB, PYPL, WUBA, ETFC, BABA, TAL, AAL,
RACE, SQ, BA, CSX,
45 of 100 NDX stocks closed
higher and one was unchanged on Thursday.
61
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
AAPL, GOOG, MNST, SWKS,
Moving Below 30 DMA = 6
ADP, CTAS, EA, HOLX,
IDXX, MU,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Up
Add Comments here
No comments:
Post a Comment