Futures Point to a Higher Open..Oil Rises Overnight...Buyers are Back in Town...

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BMO - ES +8.50...NQ +18.75...SPY +0.86...

Oil rises overnight +.36... 30.65

After Monday's lower volume pullback...buyers are back in town...

Quoting Up:  FCX, CHK, COH, WBM, RIG, CNX, DVN, MI, PH, MMM, GWW, DHI, MRO, MU, AMZN, TSLA, FB, BRCM, AAPL, NFLX, WYNN, EBAY, CSCO, INTC, SBUX, MSFT, HES, COP, APA, TRIP, PXD, ZION, PG, PCP, APC, AIG, ESV, XEC, EOG, XOM, AA

Quoting Down:  HBAN, LMT, RHT, TYC, BIDU, 

Oil Gives Back Friday's Gains...Stocks Move Down on Lower Volume...AAPL Reports on Tuesday...

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All nine sectors moved lower on Monday…XLU, XLP and XLV were the strongest sectors while XLE was the weakest sector.  Oil fell $2.45 to close at 29.80, giving back Friday’s gains.

                         

Breadth weakened as decliners led advancers 5.44 to 1 on the NYSE and as 3.01 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday- strengthened, advancers led

Wednesday – mixed, decliners led

Tuesday – strengthened, decliners led

SPY down 2.88 at 187.64 on 130.3 million shares, 15% below average volume

VIX up 1.81 at 24.15…

TNX down .26 at 20.22…

TLT up .68 at 126.02…on 5.7 million shares, 36% below average volume

XLF down .43 at 20.85…on 64.1 million shares, 11% above average volume

AAPL down 1.98 at 99.44 on 51.7 million shares, average volume

FB down .93 at 97.01 on 32.4 million shares, 19% above average volume

Technical Commentary:

DIA -1.30%, QQQ -1.48%, SPY -1.51%, IWM -2.22%.

SPX breaks below Friday’s low following two day rally as oil pulls back.  Potential hedge and bear flag entry day on many charts.  Volume was lower on SPY, DIA, QQQ and IWM on Monday.

MCD hits new all-time intra-day high following earnings.  PG, JNJ, DD, MMM report before the open on Tuesday and AAPL reports after the close.

Earnings this week:

Monday: MCD, HAL, KMB,

Tuesday: DD, JNJ, MMM, PG, AAPL, CA,

Wednesday:  BA, BIIB, LRCX, CTXS, EBAY, FB, PYPL, QCOM, SNDK, TSCO, TXN, UTX, VRTX

Thursday:  CAT, CELG, CHKP, CVX, V, AMGN, AMZN, EA, KLAC, MSFT, SWKS, WDC

Friday:  AAL, PCAR, STX

YTD:

SPX Leaders:  M, SWN, SE, EQT, TWX, FLIR, TYC, BXLT, SNI, ED (50)

SPX Losers: ESV, FCX, MRO, BWA, CHK, APC, AA, CF, WRK, WDC

                        

NDX Leaders:  DISCK, ISRG, VIAB, EA, KHC, CTSH, XLNX (7)

NDX Losers: WDC, STX, INCY, VRTX, MU, ADSK, LBTYA, NTAP, NCLH, ALXN

DJI Leaders:  WMT, VZ, MCD

DJI Losers: AXP, DD, GS, JPM, CAT, CSCO, BA, INTC, UTX, IBM

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 21. 

__________________

Setups

Horizontal Breakout: CPB, XLNX, EA, CTSH, CAH, CRM, DAL, EAT, NKE, SEDG, SONC, W, EBAY, FSLR

Bull Flag: TLT, VXX, FINL, RRC, VIAB, SNI, M, HAS

Bear Flag: SINA, WUBA, YELP, AVGO, TSL, TPX, QRVO, PLAY, CSIQ, AA, SPWR,

At Support: KMB,

Moves

D Breakout: DRI

Bounce: ROST,

Gap Up: SPY, QQQ, SE, YNDX, COST,

Bear Flag: CMCSA, BIDU, MNST, TBT, SONC, SLCA, CRM, AIG, SVXY

______________________

11 of 100 NDX stocks closed higher on Monday.

8 NDX stock is above its 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

MAT

Moving Below 30 DMA = 6

DISCA, ENDP, FISV, PCAR, QCOM, ROST

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral

Futures Point to a Lower Open...

Are you interested in finding strong stocks?  If so, let us know of your interest at chartsignals@yahoo.com.  We can help you find leaders like: SWN, RRC, COG, XLNX, LLTC, MCHP, EQT, ISRG, EA, TWX, FLIR, WMT, STZ, SE ...

9:45 am ET...

SPY -1.05...

Quoting Down:  WRK, IP, MOS, CHK, IFF, URI, CF, ESV, COH, HES, CNX, WFM, CAT, VIAB, WDC, STX, REGN, NXPI, DISCA, MXIM


Quoting Up:  TYC, WYNN, MAT, NEM, MCD, NFLX, WM, AMZN, YHOO, ABC, ORLY, PRGO, CME, INCY, BMRN, EA,

BMO - ES -9.0...NQ -18.75...

Broad Rally Lifts SPX and NDX...Oil Rises Again...

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All nine sectors moved higher on Friday…XLE, XLK and XLF were the strongest sectors while XLI was the weakest sector.  Oil rose $2.17 to close at 32.25.

                         

Breadth strengthened as advancers led decliners 8.35 to 1 on the NYSE and as 4.41 to 1 on the NASDAQ.

Friday – strengthened, advancers led

Thursday- strengthened, advancers led

Wednesday – mixed, decliners led

Tuesday – strengthened, decliners led

Monday – MLK, Jr. Holiday

SPY up 1.04 at 190.52 on 168.3 million shares, 8% above average volume

VIX down 4.35 at 22.34…

TNX up .29 at 20.48…

TLT down .48 at 125.34…on 10.1 million shares, 10% above average volume

XLF up .38 at 21.28…on 48.2 million shares, 15% below average volume

AAPL up 5.12 at 101.42 on 65.8 million shares, 27% above average volume

FB up 3.78 at 97.94 on 30.4 million shares, 13% above average volume

Technical Commentary:

QQQ +2.90%, IWM +2.45%, SPY +2.05%, DIA +1.38%.

Talk is cheap.  Actions speak louder than words.  A chart shows us what the institutions are doing.

                   (click image to enlarge)

The weekly candle shows that institutional buying was strong enough to create a long-tail hammer bullish reversal pattern on the weekly chart.  A falling VIX confirms the SPY bullish pattern.  Over the past two years, prior market rallies were also led by a bullish weekly candle pattern.

Earnings continue on Monday January 25 with MCD.

Earnings this week:

Monday: MCD, HAL, KMB,

Tuesday: DD, JNJ, MMM, PG, AAPL, CA,

Wednesday:  BA, BIIB, LRCX, CTXS, EBAY, FB, PYPL, QCOM, SNDK, TSCO, TXN, UTX, VRTX

Thursday:  CAT, CELG, CHKP, CVX, V, AMGN, AMZN, EA, KLAC, MSFT, SWKS, WDC

Friday:  AAL, PCAR, STX

YTD:

SPX Leaders:  SWN, M, SE, EQT, COG, TWX, FLIR, HAS, RRC, SNI (65)

SPX Losers: FCX, ESV, BWA, AA, MRO, APC, CF, OI, WDC, VRTX

                        

NDX Leaders:  VIAB, DISCK, ISRG, KHC, XLNX, EA, CTSH, ROST, DLTR, FISV (10)

NDX Losers: INCY, WDC, VRTX, STX, MU, LBTYA, ADSK, BMRN, NTAP, NCLH

DJI Leaders:  WMT, VZ, MCD

DJI Losers: AXP, DD, CSCO, BA, JPM, INTC, GS, IBM, CAT, UTX

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 18. 

__________________

Setups

Horizontal Breakout: M, HAS, SNI, VIAB, CPB, XLNX, EA, CTSH, AA, AIG, CAH, CRM, CRUS, CSIQ, DAL, EAT, FINL, NKE, PLAY, QRVO, SEDG, SLCA, SOHU, SONC, TBT, TPX, TSL, W, WUBA, YELP, AVGO, BIDU, CMCSA, EBAY, MNST,

Diagonal Breakout: DLTR, DPS, KMB, SINA

Bull Flag: FLIR, WEC, TLT, VXX

Moves

New Highs: O, BXLT,

H Breakout: RRC, O, STZ, SPWR, SVXY,

D Breakout: DRI, FSLR, SONC,

Bull Flag Bounce: TWX, EA

Bounce: ROST,

Gap Up: SPY, QQQ, SE, YNDX, COST

______________________

96 of 100 NDX stocks closed higher and three were unchanged on Friday.

13 NDX stock is above its 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 9

CTSH, DISCA, EA, ENDP, FISV, MYL, PCAR, QCOM, ROST

Moving Below 30 DMA = 1

LLTC

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Up

Oil Rises 31+ Overnight Lifting Oil Stocks and Broad Markets...Futures Point to Higher Open...

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BMO - ES +28.50...NQ +78.50...

SPY +2.79...

OIL +1.58 in overnight trading lifting oil stocks and broad markets...

Quoting Up:  CHK, MRO, FCX, KMI,DVN, COP, WMB, APC, CNX, HAL, RRC, CVX, MU, FSLR, SWN, PSX, ESV, WYNN, COG, VLO, NKE, NOV, AA, RIG, XOM, NRG, CELG, ISRG, HES, MUR, NFLX, SLB, EOG, MNK, AAPL, MAS, YHOO, XEC, PXD, AMZN, BHI, CAT, CA, FB, DOW, GOOGL, SWKS, GS, MSFT, CSCO, GM, F, JPM, TROW, BAC, RCL, M


Quoting Down:  AXP, SBUX, CI, NEM, GE, 

SPX Rally as Oil Rises...

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Six of nine sectors moved higher on Thursday…XLE, XLY and XLB were the strongest sectors while XLF was the weakest sector.  Oil rose $1.52 to close at 29.85.

                         

Breadth strengthened as advancers led decliners 1.87 to 1 on the NYSE and as 1.15 to 1 on the NASDAQ.

Thursday- strengthened, advancers led

Wednesday – mixed, decliners led

Tuesday – strengthened, decliners led

Monday – MLK, Jr. Holiday

Friday – weakened, decliners led

SPY up 1.04 at 186.69 on 195.7 million shares, 27% above average volume

VIX down .90 at 26.69…

TNX up .35 at 20.19…

TLT down .86 at 125.82…on 11.0 million shares, 20% above average volume

XLF down .09 at 20.90…on 74.3 million shares, 31% above average volume

AAPL down .49 at 96.30 on 52.1 million shares, 2% above average volume

FB down .19 at 94.16 on 30.5 million shares, 15% above average volume

Technical Commentary:

DIA +0.63%, SPY +0.56%, QQQ -+0.10%, IWM -0.23%.

SPX/SPY opened higher following the weekly jobless claims of 293K vs. 278K estimate and then traded higher, lower and higher in volatile trading day.

Energy stocks led as oil finished higher for the day.  Natural gas stocks like SWN were particularly strong on Thursday.

Earnings this week:

Tuesday: BAC, DAL, MS, SCHW, UNH, VZ, NFLX, LLTC, IBM

Wednesday:  GS, XLNX, FFIV

Thursday:  LUV, TRV, UAL, UNP, AXP, ETFC, ISRG, MXIM, SBUX, SLB

Friday:  GE, KSU, STI

YTD:

SPX Leaders:  SWN, M, TWX, SE, HAS, EQT, FLIR, RRC, COG, ED (33)

SPX Losers: WMB, FCX, ESV, BWA, APC, MRO, AA, OI, WDC, SCHW

                        

NDX Leaders:  ISRG, DISCK, VIAB, KHC, DLTR, XLNX

NDX Losers: INCY, WDC, STX, VRTX, MU, BMRN, LBTYA, ADSK, NTAP, ALXN

DJI Leaders:  WMT, MCD, VZ

DJI Losers: DD, JPM, GS, CSCO, BA, INTC, CAT, UTX, IBM, DIS

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 15. 

__________________

Setups

Horizontal Breakout: RRC, FSLR, HAS, NKE, LLTC, FINL, FL, CPB, SEDG, APH, NKE, RL, APA, KORS, KHC, ENDP, PRGO, ABBV, CELG, MCD, GLD, SE,

Diagonal Breakout: WMT, RAI, DPS, NTES, TERP, DLTR, CTSH, SE, MO, NKE

Bull Flag: O, TWX, DRI, FIVE, FLIR, STZ, PEG, ED, WEC, TLT,

Potential Bullish Divergence: EMR, ATVI, CRM, SONC, V, BSX, CRUS

Bear Flag: SPY, DIA, QQQ, IWM,

At Support: EQIX, ROST, YELP, BWA, AAPL, EXR, CAH,

C- Pattern:

Moves

New Highs:

H Breakout: SWN, M, MTSI, EQT,

D Breakout: EAT, HAS,

Bull Flag Bounce: SE

MACD Divergence Bounce: W,

Bounce: KSS, QRVO

Gap Up: XLNX

______________________

57 of 100 NDX stocks closed higher and three were unchanged on Thursday.

5 NDX stock is above its 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4

KHC, LLTC, VIAB, XLNX

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral

Futures Point to a Higher Open...Weekly Jobless Claims 293K vs 278K Estimate...

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BMO - ES +16.25...NQ +40.25...

SPY +2.30...

Weekly Jobless claims 293K vs. estimate 278K...

Quoting Up: XLNX, KMI, BK, FCX, FTR, MU, FFIV, LUV, VZ, AMZN, M, RCL, C, DD, NFLX, FB, MSFT, CELG, JPM, GE, F, AA, MRK, SBUX, WFC, WYNN, DIS, GS, EW, BAC, EMC, GM, T


Quoting Down:  UNP, NEM, CL, MMC, 

Long Tail Hammer as Institutions Turn Big Red to White...Capitulation Bottom?...XLV Gains...Small Caps Lead...

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Just one of nine sectors moved higher on Wednesday…XLV, XLB and XLK were the strongest sectors while XLE was again the weakest sector.  Oil fell $1.10 from Tuesday’s close of 29.43 to close at 28.33.

                         

Breadth weakened as decliners led advancers 2.54 to 1 on the NYSE and strengthened as decliners led 1.12 to 1 on the NASDAQ.

Wednesday – mixed, decliners led

Tuesday – strengthened, decliners led

Monday – MLK, Jr. Holiday

Friday – weakened, decliners led

Thursday- strengthened, advancers led

SPY down 2.41 at 185.65 on 286.6 million shares, 89% above average volume

VIX up 1.54 at 27.59…

TNX down .51 at 19.84…

TLT up 1.32 at 126.68…on 17.2 million shares, 91% above average volume

XLF down .42 at 20.99…on 87.4 million shares, 59% above average volume

AAPL up .13 at 96.79 on 72.3 million shares, 44% above average volume

FB down .92 at 94.35 on 59.0 million shares, 126% above average volume

Technical Commentary:

IWM +0.42%, QQQ -0.31%, SPY -1.28%, DIA -1.51%.

SPY/SPX opened significantly lower from overnight futures trading and sold off aggressively to the August support area.  Around mid-day selling exhausted and an intra-day reversal occurred sending to price to daily highs. 

On a daily chart SPY, DIA, QQQ, XLE, XLF, XLI, XLK, XLP and XLY formed a long-tail hammer on heavy volume.  This is often an indication of a capitulation bottom where buyers take over from sellers.  IWM and XLV were both positive for the day and formed piercing line candle patterns.

The Healthcare sector XLE was the only positive sector on Wednesday as ENDP, CELG, REGN, AMGN, BMRN, MYL, VRTX and ALXN gained 2%+ in the NDX and ABBV, THC gained 2%+ in the SPX.  Notice the basin action in ENDP, CELG, AMGN, MYL and separately in ABBV and THC.

                  (click image to enlarge)

The NDX lost -10.79 points with AMGN, MSFT, CELG, REGN, GILD, AVGO, TXN, ALXN and NXPI creating +10.4 points.

Five Dow stocks moved higher led by UNH, NKE, AXP, MSFT and AAPL.

Look at the basing in these SPX gainers:  SWN, COG, EQT, FCX, MCHP, SHW, M.

NFLX’s +8.96, +8.29% Tuesday after-hours gains, on positive adj. EPS of 7 cents vs. 2 cents estimate, disappeared by the open Wednesday and sold off to a low of 97.05 before rebounding in afternoon trading to close down 15 cents at 107.74. 

Earnings this week:

Tuesday: BAC, DAL, MS, SCHW, UNH, VZ, NFLX, LLTC, IBM

Wednesday:  GS, XLNX, FFIV

Thursday:  LUV, TRV, UAL, UNP, AXP, EFTC, ISRG, MXIM, SBUX, SLB
Friday:  GE, KSU, STI

YTD:

SPX Leaders:  M, FLIR, TWX, EQT, ED, SWN, HAS, WEC, BXLT, CPB

SPX Losers: FCX, WMB, MRO, APC, ESV, CNX, DVN, AA, BWA, MUR

                        

NDX Leaders:  ISRG, DISCK, VIAB, CTSH, DLTR, KHC, EA

NDX Losers: INCY, MU, WDC, LBTYA, VRTX, BMRN, ADSK, STX, SWKS, NTAP

DJI Leaders:  WMT, MCD, UNH

DJI Losers: DD, JPM, CSCO, BA, GS, INTC, CAT, CVX, HD, DIS, IBM, GE

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed slightly down at 11.32. 

__________________

SSetups

Horizontal Breakout: M, MTSI, FSLR, ANTM, CNC, FL, CPB, STZ, ABBV, QIHU, PEG, PRGO, VIAB, XLU, CELG, MCD, ED, WEC, GLD,

Diagonal Breakout: EAT, WMT, RAI, DPS, NTES, TERP, DLTR, CTSH, HAS, SE, MO, NKE

Bull Flag: O, TWX, DRI, FIVE, SEDG, FLIR, STZ,

Potential Bullish Divergence: EMR, ATVI, CRM, SONC, V, BSX, CRUS

Bear Flag: SPY, DIA, QQQ, IWM,

At Support: KSS, EQIX, ROST, YELP, BWA, QRVO, AAPL, EXR, CAH

Moves

D Breakout: FINL,

MACD Divergence Bounce: W, NKE,

Gap Up: TLT, LLTC

Bear Flag: WYNN, LVS, XLF, XLI, XLK, XLP, XLY

______________________

39 of 100 NDX stocks closed higher on Wednesday.

1 NDX stock is above its 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

CTSH, VIAB

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Down