AAPL Continues Fall, Euro, XLF, SPY Closes Lower...

All nine sectors moved lower on Thursday…XLU, XLF and XLI were the strongest sectors.

Breadth strengthened on Thursday as decliners led advancers…2.71 to 1 on the NYSE and 2.81 to 1 on the NASDAQ…

SPY down -1.68 at 138.04...volume 181.4 million shares

VIX -0.59 at 18.49…
TNX unchanged at 16.32…

TLT up +1.84 at 125.84…
XLF down 13 cents at 15.48…volume 92.7 million shares

AAPL down -22.25 at 537.75…volume 37.7 million shares …

FB down 48 cents at`19.99…volume 34.2 million shares…

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Technical Commentary:
A falling VIX, a potential MACD bullish divergence on the SPY, a lower low on lower volume, a relatively strong XLF, XLI and XLY, strengthening breadth alert us to watch for a potential bounce in the current down trend.

The Euro traded in a range and closed down 27 pips at 1.2743 near its eight week support at 1.2750.  TNX, interest rates were unchanged and TLT, bonds jumped. 

Coal stocks ACI, BTU, JRCC held support while ANR, CNX, and WLT inched lower.

XLF was down 13 cents and was the second strongest sector.

The SPY opened higher and traded lower closing down -1.68.   The VIX moved lower and did NOT confirm the SPY move down.

ES broke its 1,390 support level and fell to 1,372 before closing at 1,375.50.  NQ broke support and closed at 2,574.

The Market Forecast Green Line is pointed down forming a potential bullish divergence.

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Chart Targets:

SPY = 143.70 short-term resistance
ES = 1,430.00 short-term resistance

EUR/USD = 1.2876, 1.3020 short-term resistance

Short-term support at
1.2750, 1.2693 = Euro

138.60, 137.07 = SPY

78.47, 76.89 = SPXL
1,380, 1,368 = ES
2,583, 2,550 = NQ

Setups:
Bull Flag: VMED, LRCX, TRIP, CTRP, TXN, WYNN, CERN, NFLX, EXPD, EXPE, RIMM, CHRW, SBUX, FLT, RCL, CHL, V, BAC, F, PCAR,  LINTA, SHLD, ISRG, LLTC, PCLN, CREE, URI, GMCR, TMO, JOE, TRMB, ROVI, DWA, VAR, AAN, TER, ISIL, INGR, AVY, WHR, VMW, WDC, R, DV,

Potential MACD Divergence:  SPY, DIA, QQQ, IWM, GOOG, CTSH, ALXN, GOLD

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12 of 100 NDX stocks closed higher on Thursday…

Leading NDX 100 stocks included: QCOM, VRSN, DELL, STX, ALXN, ORLY, NVDA, ALTR, GOLD, LLTC

Lagging NDX stocks included: WFM, SNDK, AMAT, EA, MU, AAPL, SHLD, SPLS, FOSL, GMCR

Leading stocks > +2% on Thursday included: GRPN, UAL, FAZ

Lagging stocks < -2.0% included: TSL, LDK, ESI, COH, LNKD, CMG, ANF, RVBD, CRUS, LVS, VECO, GES, ANR, TPX, SLB, MCP, CLF, DECK, NKE, TBT, TIF, ZAGG, ATI, VMW, RCL, FAS, FB, HLF, GS, CRM, CROX, CHL, URE, CDE

Stocks to Watch on Friday…

Holding Above 30 DMA = 25
VMED, LINTA, SHLD, ISRG, LRCX, YHOO, MYL, ORLY, PCAR, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, GMCR, LLTC, XRAY, PCLN, SBUX, XLNX, STX

Moving Above 30 DMA = 1

QCOM

Moving Below 30 DMA = 13
ADBE, AVGO, CMCSA, EA, HSIC, INTU, KLAC, MAT, MU, NWSA, SPLS, SRCL, SYMC

Staying Below 30 DMA

ADSK, AKAM, AMAT, AMGN, ATVI, COST, EBAY, FISV, FLEX, GOLD, LIFE, MCHP, MSFT, NVDA, ORCL, PAYX, PNRA, SIRI, SNDK, WFM, FOSL, ADP, FAST, INTC, BIDU, GILD, EXPD, CTSH, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, BIIB, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, AMZN, BMC, FFIV, GRMN, VOD, WCRX, DLTR, DTV, NUAN, AAPL, BRCM, CA, NTAP, CTXS, SYMC, CSCO, ALTR, BBBY, KLAC, ROST, DELL, MRVL, KRFT

Twelve Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down

Support Holding in Pre-market the Day After Selloff...AAPL Higher...

BMO – ES +3.75 and NQ + 8.25… are higher in pre- market…pointing to a higher open…SPY is up 19 cents in pre-market…AAPL is higher in pre-market and the Euro slightly weaker, XLF and futures are holding in Wednesday’s support area…looking to see if support holds…Communication equipment stocks CIEN, ADTN, AMT, SBAC, CCI rise on Wednesday following T announcement…

XLF is up 8cents…
Euro is down 25 pips…
TLT is down 33 cents…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...

Quoting Up: QCOM, AAPL, GOOG, KRF, AMZN, GMCR, FOSL, COST, CMG, FAS, GS, CRM, C, TIF, IBM, LNKD, SINA, SLB, TBT, LVS, JNPR, DE

Quoting Down: MNST, WF, GOLD, GILD, ADSK, CDE, CHL, V, STI

Euro Falls on Slowing German Growth Comments...U.S. Stock Futures Follow...

All nine sectors moved lower on Wednesday…XLY, XLP and XLB were the strongest sectors.

Breadth weakened on Wednesday as decliners led advancers…4.46 to 1 on the NYSE and 5.64 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     1,216        1,032
Decliners       1,739        1,407

SPY down -3.24 at 139.72...volume 263.1 million shares

VIX +1.50 at 19.08…
TNX -1.10 at 16.32…

TLT up +2.21 at 124.00…
XLF down 54 cents at 15.61…volume 116.9 million shares

AAPL down -22.20 at 558.00…volume 28.3 million shares …

FB down 70 cents at`20.47…volume 33.4 million shares…

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Technical Commentary:
The Euro collapsed before the open dragging futures lower following comments regarding slowing growth in Germany and closed down 43 pips at 1.2770 below its six-week support of 1.2800. Eight week support is at 1.2750.  TNX, interest rates fell and TLT, bonds jumped. 

Coal stocks ACI, ANR, BTU, CNX, JRCC and WLT were among the weakest stocks following Mitt Romney’s loss in the presidential election.

XLF was down 54 cents and was the weakest sector and closed near its low.

The SPY opened down -1.30 and didn’t find support for two hours until it hit 139.06, breaking below both its 141 and 139.40 support levels.   The VIX moved higher and did confirm the SPY movedown.

ES broke its 1,400 support level and fell to 1,384 before closing at 1,390.  NQ fell to 2,599 and bounced closing at 2,613.

The Market Forecast Green Line turned down.

____________________

Chart Targets:

SPY = 143.70 short-term resistance
ES = 1,430.00 short-term resistance

EUR/USD = 1.2876, 1.3020 short-term resistance

Short-term support at
1.2750, 1.2693 = Euro

138.60 = SPY

81.00, 79.44 = SPXL
1,390, 1,380 = ES
2,599, 2,583 = NQ

____________________

94 of 100 NDX stocks closed lower on Wednesday…

Leading NDX 100 stocks included: NFLX, NWSA, HSIC, WCRX, FFIV, SBUX

Lagging NDX stocks included: RIMM, APOL, GOLD, AMAT, NUAN, KLAC, LRCX, ALTR, SHLD, AAPL

Leading stocks > +2% on Wednesday included: CIEN, FAZ, CDE, JDSU

Lagging stocks < -2.0% included: ANR, FAS, MCP, UCO, HUM, BAC, GS, ESI, C, DECK, ZION, GRPN, WDC, CLF, ATI, STI, AKS, RVBD, TIF, SINA, SWKS, TBT, ANG, ZAGG, FB, GLW, F, X, SWK, CRUS, GES, INFA, VMW, LNKD, FCX, MOS, SMH, CMG, VECO, DE

Stocks to Watch on Thursday…

Holding Above 30 DMA = 37
VMED, CMCSA, LINTA, SHLD, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, AVGO, GMCR, INTU, KLAC, LLTC, XRAY, EA, PCLN, SBUX, MU, SPLS, XLNX, HSIC, STX

Moving Above 30 DMA = 1

NWSA

Moving Below 30 DMA = 20
ADSK, AKAM, AMAT, AMGN, ATVI, COST, EBAY, FISV, FLEX, GOLD, LIFE, MCHP, MSFT, NVDA, ORCL, PAYX, PNRA, SIRI, SNDK, WFM

Staying Below 30 DMA

FOSL, ADP, FAST, INTC, BIDU, GILD, EXPD, CTSH, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, BIIB, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, AMZN, BMC, FFIV, GRMN, VOD, WCRX, DLTR, DTV, NUAN, QCOM, AAPL, BRCM, CA, NTAP, CTXS, SYMC, CSCO, ALTR, BBBY, KLAC, ROST, DELL, MRVL, KRFT

Twelve Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down

Stocks, Euro, Financials Rise, Bonds Fall on Election Day...

All nine sectors moved higher on Tuesday…XLE, XLF and XLI were the strongest sectors.

Breadth strengthened on Tuesday as advancers led decliners…2.44 to 1 on the NYSE and 1.86 to 1 on the NASDAQ…

SPY up +1.11 at 142.96...volume 106.7 million shares

VIX -0.84 at 17.58…
TNX +0.58 at 17.42…

TLT down -1.16 at 121.79…
XLF up 18 cents at 16.15…volume 40.1 million shares

AAPL down -1.77 at 582.85…volume 13.4 million shares …

FB down 8 cents at`21.17…volume 29 million shares…

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Technical Commentary:
The Euro rose 18 pips and closed above its six-week support of 1.2800. Eight week support is at 1.2750.  TNX, interest rates rose and TLT, bonds fell.

XLF was up 18 cents.

The SPY was up $1.11 , as the uncertainty of the election outcome is about to dissipate, closing at 142.96 bouncing above its 141 support level.  The VIX moved lower and did confirm the SPY move up.

ES rises and bounces above its 1,400 support level.  NQ also bounced and is still showing a confirmed MACD histogram bullish divergence.

The Market Forecast Green Line is pointed up above its lower reversal zone.

____________________

Chart Targets:

SPY = 146.52 channel high, 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345 S&R Measuring

Short-term support at
1.2800, 1.2750 = Euro

141, 139.40 = SPY

82.19, 81.04 = SPXL
1,400, 1,390 = ES
2,626, 2,604 = NQ

 

____________________

78 OF 100 NDX stock closed higher on Tuesday…

Leading NDX 100 stocks included: STX, APOL, MU, EA, GOLD, AMAT, FFIV, AVGO, SHLD, CERN

Lagging NDX stocks included: ESRX, FOSL, NFLX, DLTR, ROST, CMCSA, SIRI, BRCM, VRTX, INTC

Leading stocks > +2% on Tuesday included: LDK, ESI, AKS, UCO, DECK, CMG, X, WDC, VMW, ATI, FAS, C, NTES, ANR, INFA, CLF, DLR, GRPN, FCX, CSTR, CRUS, STI, MOS

Lagging stocks < -2.0% included: CDE, CROX, FAZ, LNKD

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 46
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, AKAM, AVGO, EBAY, GMCR, INTU, KLAC, LLTC, MSFT, XRAY, EA, PCLN, SBUX, AMAT, MU, NVDA, ORCL, SNDK, SPLS, WFM, XLNX

Moving Above 30 DMA = 11

ADSK, ATVI, COST, FLEX, GOLD, HSIC, LIFE, MCHP, PAYX, PNRA, STX

Moving Below 30 DMA = 1
FOSL

Staying Below 30 DMA

ADP, FAST, INTC, BIDU, GILD, EXPD, CTSH, NWSA, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, BIIB, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, AMZN, BMC, FFIV, GRMN, VOD, WCRX, DLTR, DTV, NUAN, QCOM, AAPL, BRCM, CA, NTAP, CTXS, SYMC, CSCO, ALTR, BBBY, KLAC, ROST, DELL, MRVL, KRFT

Twelve Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up

Futures Point to a Higher Open on Election Day...AAPL, FAS Higher...TLT Lower...

BMO – ES +5.00 and NQ + 12.00… are higher in pre- market…pointing to a higher open…SPY is up 43 cents in pre-market…

XLF is up 4 cents…
Euro is up 10 pips…
TLT is down 45 cents…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...

Quoting Up: AAPL, AMZN, GOOG, FAS, PCLN, X,

Quoting Down: NFLX, YELP

The Average interest rate on the national debt according to http://www.usdebtclock.org/ is 1.59%.  If the fed allowed rates to rise to 3.7%, the TNX level in Feb 2011, less than two years ago, $342 billion would be added to the federal deficit which is listed at 1.121 trillion.  This is a very serious issue.  Today voters will decide if the U.S. continues more of the same or if a serious attempt is made to address the problem and find an actual solution.  Chart Signals hopes that voters will make serious evaluation of this and other challenges that we face and do more than cast a popularity vote.

SPY, VIX, TLT Rise as Rates, Financials Fall on 2012 Election Eve...

Six of nine sectors moved higher…XLE, XLB and XLK were the strongest sectors.

Breadth strengthened on Monday as advancers led decliners…1.06 to 1 on the NYSE and 1.52 to 1 on the NASDAQ…

SPY up 29 cents at 141.85...volume 98.4 million shares

VIX +0.83 at 18.42…
TNX -0.42 at 16.84…

___________________

The Average interest rate on the national debt according to http://www.usdebtclock.org/ is 1.59%.  If the fed allowed rates to rise to 3.7%, the TNX level in Feb 2011, less than two years ago, $342 billion would be added to the federal deficit which is listed at 1.121 trillion.  This is a very serious issue.  On Tuesday voters will decide if the U.S. continues more of the same or if a serious attempt is made to address the problem and find an actual solution.  Chart Signals hopes that voters will make a serious evaluation of this and other challenges that we face and do more than cast a popularity vote.

___________________

TLT up 69 cents at 122.26…
XLF down 3 cents at 15.97…volume 44.3 million shares

AAPL up 7.82 at 584.62…volume 18.9 million shares …

FB up 7 cents at`21.25…volume 31.8 million shares…

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Technical Commentary:
The Euro sold off 36 pips closed just below six-week support of 1.2800. Eight week support is at 1.2750.  TNX, interest rates moved down, TLT, bonds rose.

XLF was down 3 cents.

The SPY was up 28 cents closing at 141.84 above its 141 support level.  The VIX moved higher and did not confirm the SPY move up.

ES rises and holds above its 1,400 support level.  NQ is still showing confirmed MACD histogram bullish divergence.

The Market Forecast Green Line is pointed up and closed out of the lower reversal zone.

 

___________________

Chart Targets:

SPY = 146.52 channel high, 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345 S&R Measuring

Short-term support at
1.2800, 1.2750 = Euro

141, 139.40 = SPY

82.19, 81.04 = SPXL
1,400, 1,390 = ES
2,626, 2,604 = NQ

____________________

72 OF 100 NDX stock closed higher on Monday…

Leading NDX 100 stocks included: NVDA, FLEX, TXN, VRTX, FFIV, STX, AMAT, ALTR, MNST, MXIM

Lagging NDX stocks included: SIRI, GMCR, WCRX, ADP, WYNN, FAST, BIDU, GOOG, CHKP, VMED

Leading stocks > +2% on Monday included: TSLA, SINA, DECK, SWKS, ZAGG, ANF, ANR, SWI, CIEN, ICE, UAL, CLF, JDSUK, CREE

Lagging stocks < -2.0% included: ESI, LVS, CDE

Stocks to Watch on Tuesday…

Holding Above 30 DMA = 39
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, AKAM, AVGO, EBAY, FOSL, GMCR, INTU, KLAC, LLTC, MSFT, XRAY, EA, PCLN, SBUX

Moving Above 30 DMA = 8

AMAT, MU, NVDA, ORCL, SNDK, SPLS, WFM, XLNX

Moving Below 30 DMA = 1
PAYX

Staying Below 30 DMA

ADP, ADSK, FAST, INTC, LIFE, BIDU, PNRA, GILD, EXPD, CTSH, GOLD, NWSA, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, BIIB, FLEX, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, COST, AMZN, BMC, FFIV, GRMN, HSIC, VOD, WCRX, DLTR, DTV, NUAN, QCOM, AAPL, ATVI, BRCM, CA, NTAP, CTXS, SYMC, CSCO, ALTR, BBBY, KLAC, MCHP, ROST, STX, DELL, MRVL, KRFT

Twelve Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Neutral

Stocks Futures Stay Positive In Pre-Market...

BMO – ES + 1.75 and NQ + 10.00… are higher in pre- market…

SPY is down .21 cents in pre-market…

XLF is down .08 cents…
Euro is down 27 pips…
TLT is up .64 cents…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...

Quoting Up: AAPL, QCOM, GOLD, SBUX, PCLN, BRCM, SOHY, SINA, TSLA, CRUS, SWKS, FAZ

Quoting Down: WYNN, NFLX, AVGO, GOOG, FAST, LRCX, BBBY, FAS, TBT, LVS, AKS, RCL, RVBD

Euro, SPY Pull Back Hold Support, SBUX, PCLN Gap Up, AAPL Sells Off...

Stocks opened higher following the Jobs Report and Unemployment Report and sellers took profits sending prices lower combined with a late selloff that reversed most of Thursday’s gains as all nine sectors moved lower…XLY, XLV and XLF were the strongest sectors.

Breadth weakened on Friday as decliners led advancers…2.32 to 1 on the NYSE and 2.68 to 1 on the NASDAQ…

SPY -1.27 at 141.56...volume 137.7 million shares

VIX +0.90 at 17.59…
TNX +0.11 at 17.26…

TLT down 9 cents at 122.26…
XLF down 9 cents at 16.00…volume 58.6 million shares

AAPL down -19.74 at 576.80…volume 21.4 million shares …lowest close since July 26

FB down 3 cents at`21.18… volume 28.3 million shares…

                   

Technical Commentary:
SBUX and PCLN gapped and closed higher following earnings AMC on Thursday; SWKS and VRTX gapped lower and closed lower also reporting Thursday AMC while LIFE opened higher reversed and closed lower. 

AAPL which had been relatively resilient to missed earnings and lower guidance a week ago collapsed on Friday making its lowest close since July 26. 

ADP which had a positive earnings reaction on Thursday reversed and closed lower on Friday.  Stocks that had negative earnings reactions during the past two weeks FFIV, VRSN, ALXN and ALTR bounced down from resistance in bear flag type action.

The Euro sold off 118 pips closed near six-week support of 1.2800. Eight week support is at 1.2750.  Its bull flag pattern has changed to a sideways channel.  TNX, interest rates rose, TLT, bonds closed near unchanged.

XLF was down 9 cents and along with XLI and XLY are the strongest sectors in the intermediate term with price near resistance in a channel.  Relative strength among these sectors suggest potential broad market strength.

The SPY was down -1.27 closing at 141.56 above its 141 support level.  The VIX moved higher confirming the SPY pull back.

ES pull back holds above its 1,400 support level.  NQ still showing confirmed MACD histogram bullish divergence.

The Market Forecast Green Line is pointed up in the lower reversal zone.

                   

 

Chart Signals has continually focused on technical trading with the Trend.  With the broad indexes moving sideways to down and the winding down of earnings season, trading with the up trend on stocks with positive earnings reactions and the down trend on stocks with negative earnings reactions allows traders to trade with the trend of the individual stock.

Earnings Watch:

Positive Reactions – PCLN, SBUX, DNDN, JOE, TRMB, ROVI, DWA, XEC, WPO, SIRI, EA, EXPE, CERN, AMZN, MXIM, CMCSA, ACI, OSTK, VAR, AAN, EMN, APKT, PCAR, WYNN, AKAM, SYMC, MYL, RCL, GDI, CRR, GTI, ISIL, TER, INGR, LSI, FB, SLAB, PLCM, TUP, AVY, REGN, GILD, PNRA, TMO, DOW, VMW, COH, VMED, VECO, WHR, HOG, R, RSH, CSL, LXK, BTU, YHOO, CAT, RVBD, SNDK, WCC, EBAY, MAN, COF, RHI, LRCX, STT, MAT, ISRG, GS, C, PII, DPZ

Negative Reactions – SWKS, VRTX, LIFE, FSLR, WBMD, PBI, FLR, RKT, WMS, NEM, IT, BIDU, VRSN, CA, DECK, VPRT, GT, LPNT, ESI, FFIV, CLF, CROX, SWI, SHW,  TPX, NFLX, ALTR, CPWR, EAT, GLW, JNPR, ALXN, SRCL, CHRW, RF, WDC, DD, CIT, RF, ALV, BMRN, STI, GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP, AXP, XLNX, MSFT, CMG, MS, FLEX, AMD, ETFC, PH, APD, ALGN, MLNX

                   

Chart Targets:

SPY = 146.52 channel high, 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345 S&R Measuring

Short-term support at
1.2800, 1.2750 = Euro

141, 139.40 = SPY

82.19, 81.04 = SPXL
1,400, 1,390 = ES
2,626, 2,604 = NQ

 

                   

 

Stocks to Watch on Monday…

Holding Above 30 DMA = 37
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, AKAM, AVGO, EBAY, FOSL, GMCR, INTU, KLAC, LLTC, MSFT, PAYX, XRAY

Moving Above 30 DMA = 3

EA, PCLN, SBUX

Moving Below 30 DMA = 8
ADP, ADSK, FAST, INTC, LIFE, ORCL, SNDK, SPLS

Staying Below 30 DMA

BIDU, PNRA, GILD, EXPD, CTSH, GOLD, NWSA, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, WFM, BIIB, FLEX, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, COST, AMZN, BMC, FFIV, GRMN, HSIC, VOD, WCRX, DLTR, DTV, NUAN, QCOM, AAPL, ATVI, BRCM, CA, NTAP, XLNX, CTXS, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, ROST, STX, NVDA, DELL, MRVL, KRFT

 

Twelve Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Neutral

Stock Futures Continue To Stay Positive In Pre-Market...

BMO – ES + 7.50 and NQ + 8.50… are higher in pre- market…

SPY is up .92 cents in pre-market…

XLF is up .08 cents…
Euro is down 75 pips…
TLT is down 1.06 cents…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...

Quoting Up: PCLN, GOOG, SBUX, AMZN, ESRX, GMCR, BIDU, CHKP, ALXN, LNKD, FAS, DECK, TBT, IBM, COH, CRM, GS

Quoting Down: VRTX, ISRG, MNST, GOLD, VOD, AAPL, GES, SWKS, CDE, FAZ

PCLN Gaps 55 on Strong EPS...Stocks Make Broad Gains...

Markets exploded to the upside on Thursday as stocks moved from Wednesday’s range day to a strong trend day as eight of nine sectors moved higher…XLB, XLI and XLK were the strongest sectors.

Breadth strengthened on Thursday as advancers led decliners …3.31 to 1 on the NYSE and 1.88 to 1 on the NASDAQ…

SPY +1.48 at 142.83...volume 101 million shares

VIX -1.91 at 16.69…
TNX +0.29 at 17.15…

TLT -1.01 at 122.35…
XLF up 19 cents at 16.09…volume 58.6 million shares

AAPL up +1.22 at 596.54…volume 12.9 million shares …

FB up 10 cents at`21.21… volume 99.3 million shares…

Technical Commentary:
While NFLX and AMZN pulled back, AAPL finished positive and VRSN, WLT, GMCR, AKS, X, RIMM, CIEN, JDSU and coal stocks, WLT, BTU, CNX, ANR were among individual big movers to the upside.  Dozens of breakout setups are on the charts tonight indicating that this support bounce move may be just getting started.

PCLN +55.90 gapped up after the close on strong EPS report.

The Euro closed down 14 pips near support in its current bull flag pattern.  TNX, interest rates rose, TLT, closed bonds lower and XLF was up 19 cents confirming Wednesday’s hammer at horizontal support.

The SPY was up +1.48 closing at142.83 above its 141 support level.  The VIX moved lower confirming the SPY support bounce.

ES bounce up from its 1,400 support level.  NQ bounced and closed at 2,685 following through on its confirmed MACD histogram bullish divergence.

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

88 OF 100 NDX stock closed higher on Thursday…

Leading NDX 100 stocks included: VRSN, RIMM, GMCR, FOSL, MU, SNDK, EA, NVDA, KLAC, VRTX

Lagging NDX stocks included: ROST, NFLX, COST, PNRA, VMED, KRFT, WFM, AMZN, ISRG, GOLD

Leading stocks > +2% on Thursday included: AKS, ANF, JDSU, ZAGG, CIEN, X, SOHU, ATI, TIF, BAC, GES, NKE, TPX, JNPR, FCX, CLF, TSLA, DECK, VMW, FAS, CREE, V, NTES, WDC, CMG, ANR, A, CDE, SMH, SWKS, SWI, RCL, VECO, INFA, LDK, HUM, COH, GS

Lagging stocks < -2.0% included: CRUS, FAZ, GRPN

Stocks to Watch on Friday…

Holding Above 30 DMA = 27
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, FAST

Moving Above 30 DMA = 18

ADP, ADSK, AKAM, AVGO, EBAY, FOSL, GMCR, INTC, INTU, KLAC, LIFE, LLTC, MSFT, ORCL, PAYX, SNDK, SPLS, XRAY

Moving Below 30 DMA = 0

Staying Below 30 DMA

BIDU, PNRA, GILD, EXPD, CTSH, GOLD, NWSA, PCAR, SIAL, VIAB, ALXN, CELG, EA, ESRX, MNST, TXN, VRSN, WFM, BIIB, FLEX, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, COST, AMZN, BMC, FFIV, GRMN, HSIC, PCLN, VOD, WCRX, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, NTAP, XLNX, CTXS, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, ROST, STX, NVDA, DELL, MRVL, KRFT

Eleven Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up

Futures Point to a Slightly Higher Open...

BMO – ES + 2.00 and NQ +9.00… are higher in pre- market and point to a slightly higher open…SPY is up 23 cents in pre-market…

XLF is down 1 cent…
Euro is up 19 pips…
TLT is down 68 cents…

Follow your rules for entry, exit…adjust stops to protect profits at this time according to your rules...

Quoting Up: AAPL, GS, CHL, FAS, TBT, RCL, SWKS, RVBD, BIDU, BMC, ESRX, VOD

Quoting Down: NFLX, CRM, TLT, CRUS, ROST, GOOG, STX, GOLD