AMD Gaps Up on the Open and Starts to Run After EPS Beat and Raised Forecast...

Check out AMD now...coming back to horizontal breakout area, potential second chance breakout setup...lower shadow seems inaccurate on the daily chart as a look at the intraday view will reveal, currently near it's low of the day  1:07 pm ET

CE bull flag like setup, (from Ron) my observation looks like good earnings but a news panic selloff and intraday rebound, be sure to read the news on this one so you are in the know...options have wide bid ask spread, no weeklies, with only 29% calls filled between, with 1K+ total contracts today...may be a stock only setup...DJ 12:24 pm ET

DIA +1.19 short-term horizontal breakout on BA EPS reaction... 10:32 am ET

AVGO breaking above 255.69 on June 5 high for intermediate term horizontal breakout, potential chart target of 283 area in 6 to 7 weeks... 10:03 am ET

SWKS bull flag bounce this morning, now becoming short-term horizontal breakout setup... 9:49 am ET

NVDA breaking above 168.50 June 9 high for intermediate term horizontal breakout, potential chart target of 198 area in 6 to 7 weeks... 9:47 am ET


BA gaps up and runs on EPS beat, now 226.44 +6.58%... 9:44 am ET

Options 120K + contracts in first 10 minutes...9:40 am ET

AMD opens at 15.13 runs to 15.62 in 7 minutes... 9:37 am ET

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STX -16.50% on Negative EPS Reaction Drags on QQQ, FCX +14.74% Leads SPX

Attention:  If you look at the market during the day…there will be intraday posts during the day effective today.  Check it out tomorrow...                                        

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STX -16.50% on EPS reaction misses on revenues and earnings.

FCX +14.74% on EPS reaction misses on EPS but beats on revenues.

SPY, DIA, IWM bounce in bull flag pattern. 

SPY, IWM make all-time closing high.

QQQ pauses after making new all-time high on Monday. 

Five sectors were higher and one unchanged, led by energy XLE +1.26% and financial XLF +1.24%

SPY up .60 at 247.42 on 54.9 million shares, 10% below avg.  Up on rising volume.

VIX unchanged at 9.43.

Oil up 2.07 to 48.55

TLT down 1.63 at 123.57…on 9.7 million shares, 36% above avg.  Down on rising volume.

CAT +5.88% eps beat and MCD +4.75% eps beat led the DJIA, 22 advancers.

FCX +14.74%, NEM +6.90% eps beat and RRC +6.86% led the SPX.

TSCO +3.90%, FAST +2.44%, JD +2.11% and JBHT +1.99% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: IWM, DIA, SPY

Down: QQQ,

Uptrend sectors:  XLV, XLK, XLY, XLB, XLI, XLF,

Neutral sectors: XLRE, XLU, XLP, XLE

Down trend sectors:

Breadth strengthened as advancers led 1,795 to 1,108 on the NYSE and led 1,636 to 1,192 on the NASDAQ.

The SPY MFC green line is at 95, bullish.

Look for a potential bounce in: AMAT, KLAC, CCL, SWKS, ADP, ATVI, BABA, NVDA, EXPE, AABA, AAL, LUV, XLNX, MCHP, JNJ, BBRY, TAL, TLT, KLAC, GOOGL, MU,

At support: CSX, LUV,

One Day Pullback: BIDU, TSLA, SHOP,

Bounces included: IWM, SPY, DIA, FCX, MCD, JBHT, AVGO, MS, C, JPM, WFC, SCHW, BAC, PNC, DDD, COST, XLY,

Potential Breakouts include: WDC, XLY, RCL, ATVI, MAR, AMD, EXPE, WYN, EA, LRCX, KWEB, WB, ANET,

Breakouts: FCX, MS, FAS, JD, AAPL, WMT, HUN,

Break of short-term support: MMM, ALK, UAL,

Bear flag:

New Highs: CC, BA, RACE, V, MNST, ADSK, JD, WYNN, FB, AMZN, QQQ, ADBE, SQ, SPY, AABA, WUBA, PYPL, NFLX, ETFC, MOMO, 

50 of 100 NDX stocks closed higher on Tuesday.

77 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 9

CMCSA, DISH, DLTR, FOXA KHC, MAT, MDLZ, SHPG, TSCO,

Moving Below 30 DMA = 3

AAL, MU, DISCA,                                             

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Earnings Week of July 24…

DJIA

Tuesday = DD, MMM, UTX, CAT, MCD

Wednesday = KO, BA

Thursday = PG, VZ

Friday = MRK, XOM, CVX

NDX

Monday =

Tuesday = STX, BIIB, PCAR, AKAM, WYNN, AMGN, TXN

Wednesday = ESRX, GILD, FB, LRCX, PYPL, TSCO, XLNX, VRTX

Thursday = CMCSA, SIRI, ADP, CELG, CHTR, ORLY, EA, EXPE, INTC, MAT, SBUX AMZN, WDC, KLAC, BIDU

Friday = AAL

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Futures Up...Bank Stocks Poised to Bounce...C, JPM, WFC, ZION, BAC, STI

MCD gap up on positive EPS reaction, making a return move to breakout area 10:57 am ET

COST bullish MACD divergence bounce in progress 10:39 am ET

FCX gaps up on positive EPS reaction. 9:49 am ET

QQQ Hits New All-time Closing High as SPY, DIA, IWM Form Bull Flag...

Just for fun click here:  https://www.youtube.com/watch?v=UqZH-Qo_A_g

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HAS -9.44% on EPS reaction, MAT -3.84% down in sympathy.

QQQ makes new all-time high. 

SPY, DIA, IWM forming bull flag.

Two sectors were higher, led by financial XLF +0.44% and technology XLK +0.24%

SPY down .06 at 246.82 on 46.6 million shares, 23% below average. 

VIX up .07 to 9.43.

Oil up .88 to 46.48

TLT down .49 at 125.20…on 5.3 million shares, 24% below average.

CAT +1.49% and AAPL +1.21% led the DJIA, 8 advancers.

XRX +3.77%, NRG +3.23% and CFG +2.81% led the SPX.

TSLA +4.30%, WYNN +3.27%, INCY +3.02% and BIDU +2.83% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM

Down: SPY, DIA,

Uptrend sectors:  XLV, XLK, XLY, XLB, XLI, XLF,

Neutral sectors: XLRE, XLU, XLP

Down trend sectors: XLE

Breadth weakened as decliners led 1,609 to 1,273 on the NYSE and led 1,384 to 1,411 on the NASDAQ.

The SPY MFC green line is at 95, bullish.

Look for a potential bounce in: IWM, SPY, DIA, AMAT, KLAC, CCL, AVGO, ATVI, PNC, BABA, MS, EXPE, AABA, AAL, C, JPM, WFC, SCHW, BAC, LUV, MCD, XLNX, JBHT, MMM, MCHP, JNJ, FCX, BBRY,

At support: CSX, DDD, COST,

One Day Pullback: TLT, ADP,

Bounces included: AAPL, KWEB, CC, WMT, AMZN, SHOP, HUN, TAL, WB, ANET,

Potential Breakouts include: WDC, XLY, RCL, MS, ATVI, MAR, FAS, AMD, FCX, EXPE, KLAC, GOOGL, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, EA, LRCX,

Breakouts: TSLA, MOMO, CC, WYNN, ADSK, MNST,

Break of short-term support: ALK, UAL,

Bear flag:

New Highs: BIDU, BA, RACE, V, FB, AMZN, TAL, QQQ, ADBE, SQ, SPY, AABA, WUBA, PYPL, NFLX, ETFC,

32 of 100 NDX stocks closed higher on Monday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

FAST, INTU, ISRG,

Moving Below 30 DMA = 5

CMCSA, DISH, DLTR, HAS, MAT                

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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QQQ, SPY, IWM Pause at Resistance...Horizontal Breakout Setup Following EPS Weeek One...

Earnings were the big movers this week.

Big EPS gainers included NFLX, CTAS, V.ETFC, COF, MCO, SYF, JNJ, UNH, MS and V.

EPS losers included CSX, UAL, IBM, NTRS, CHKP, ISRG, MXIM, GE, EBAY, KEY, UNP and SHW.

Five sectors were higher, led by utilities XLU +0.72% and real estate XLRE +0.19%

SPY down .22 at 246.88 on 88.7 million shares, 38% above average. 

VIX down .22 to 9.36.

Oil down 1.43 to 45.60

TLT up .53 at 125.69…on 6.2 million shares, 13% below average.

V +1.52% and NKE +1.44% led the DJIA, 11 advancers.

COF +8.55%, ETFC +5.13% and SYF +4.54% led the SPX.

CTAS +9.19%, NFLX +2.69%, VRTX +2.41% and TMUS +2.39% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up:

Down: QQQ, SPY, DIA, IWM

Uptrend sectors:  XLV, XLK, XLY, XLB, XLI, XLF,

Neutral sectors: XLRE, XLU, XLP

Down trend sectors: XLE

Breadth weakened as decliners led 1,500 to 1,379 on the NYSE and led 1,566 to 1,235 on the NASDAQ.

The SPY MFC green line is at 92, bullish.

Look for a potential bounce in: PNC, BABA, KWEB, CC, MS, HUN, EXPE, TAL, AABA, WB, SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, MCD, XLNX, ALK, JBHT, WMT, WYNN, ANET,

At support: CSX, DDD, COST, UAL,

One Day Pullback: KLAC, MMM, MCHP, IWM, AMZN, CCL, JNJ, AVGO, AAPL, AMAT,

Bounces included: WYNN,

Potential Breakouts include: WDC, XLY, TSLA, RCL, ADSK, MS, MNST, DIA, ATVI, MOMO, MAR, FAS, CC, AMD, FCX, EXPE, KLAC, GOOGL, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, DIA, EA, LRCX,

Breakouts: ETFC,

Break of short-term support:

Bear flag:

New Highs: ETFC, BA, RACE, NFLX, V, SQ, BIDU, SPY, FB, AMZN, PYPL, TAL, AABA, WUBA, QQQ, ADBE, 

47 of 100 NDX stocks closed higher and one was unchanged on Friday.

72 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

CMCSA, CTAS, TMUS, WYNN,

Moving Below 30 DMA = 6

ADI, HOLX, ISRG, MXIM, NTES, XLNX       

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Earnings Week of July 17…

DJIA

Tuesday = GS, JNJ, UNH, IBM

Wednesday = AXP

Thursday = TRV, V, MSFT

Friday = GE

NDX

Monday = NFLX, JBHT

Tuesday = CSX

Wednesday = TMUS, QCOM

Thursday = CHKP, ISRG, CTAS, EBAY, MXIM, SWKS

Friday =

Notable SPX

Monday = NFLX

Tuesday = BAC, CMA, LMT, UAL

Wednesday = MS, USB, NTRS, AA, URI

Thursday = KEY, UNP, PM, ETFC, COF, SHW, NUE, 

Friday = STI, SLB, KSU, HON, RF, MCO, CL, SYF

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QQQ, SPY, IWM Make New All-time Closing High...

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CTAS, ETFC rise while EBAY, MXIM, SWKS fall, in after-hours on EPS reaction, watch for gap on Friday.

KMI +4.52% on EPS reaction.

SPY, QQQ form potential hanging man at new all-time high. 

DIA pause at resistance.

IWM forms spinning top at new high.

Four sectors were higher, led by utilities XLU +0.72% and healthcare XLV +0.66%

SPY up .11 at 247.10 on 47.1 million shares, 25% below average. 

VIX down .21 to 9.58.

Oil down .34 to 46.93

TLT up .38 at 125.16…on 12.2 million shares, 68% above average.

NKE +2.30% and VZ +1.77% led the DJIA, 15 advancers.

KMI +4.52%, MNK +4.10% and PRGO +3.94% led the SPX.

MYL +3.00%, REGN +2.83%, INCY +2.56% and SWKS +2.12% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM, SPY

Down: DIA

Uptrend sectors:  XLI, XLB, XLF, XLV, XLY, XLK

Neutral sectors: XLRE, XLU, XLP

Down trend sectors: XLE

Breadth weakened as decliners led 1,433 to 1,428 on the NYSE and advancers led 1,484 to 1,242 on the NASDAQ.

The SPY MFC green line is pointed up at 95, bullish.

Look for a potential bounce in: PNC, HUN, ETFC, SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, WB, MCD, XLNX, ALK, JBHT, WDC, WMT, WYNN,

At support: CSX, DDD, COST, UAL,

One Day Pullback: MS, ADSK,

Bounces included: AMD, WDC, TSLA,

Potential Breakouts include: MS, MNST, ATVI, MOMO, TSLA, MAR, FAS, CC, WDC, EXPE, KLAC, GOOGL, MMM, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, DIA, EA, CC, BA,

Breakouts: CCL, MCHP, QQQ, XLY, IWM, KWEB, AMZN, ANET, JNJ, RCL, ADBE, AABA, AVGO, LRCX, FCX, AAPL, AMAT, BIDU, AVGO,

Break of short-term support:

Bear flag:

New Highs: RACE, SPY, FB, AMZN, PYPL, NFLX, V, TAL, AABA, WUBA, BABA, SQ,

65 of 100 NDX stocks closed higher and one was unchanged on Thursday.

74 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

INTC, MAR, MYL, NTES, XLNX

Moving Below 30 DMA = 3

CHKP, QCOM, XRAY                                      

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Earnings Week of July 17…

DJIA

Tuesday = GS, JNJ, UNH, IBM

Wednesday = AXP

Thursday = TRV, V, MSFT

Friday = GE

NDX

Monday = NFLX, JBHT

Tuesday = CSX

Wednesday = TMUS, QCOM

Thursday = CHKP, ISRG, CTAS, EBAY, MXIM, SWKS

Friday =

Notable SPX

Monday = NFLX

Tuesday = BAC, CMA, LMT, UAL

Wednesday = MS, USB, NTRS, AA, URI

Thursday = KEY, UNP, PM, ETFC, SHW, NUE, 

Friday = STI, SLB, KSU, HON, RF, MCO, CL

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