Tuesday, April 15, 2014
Monday, April 14, 2014
Monday, February 3, 2014
Stocks See Drop In Trading Session...DJIA Off 2.08%...S&P 500 Off 2.28%...NASDAQ Off 2.61%...Many Stocks Break Support...
All nine
sectors
moved lower on Monday…XLI, XLY and XLF were the strongest sectors…while
XLU was the weakest sector.
Breadth weakened
as
decliners led advancers 5.60 to 1 on the NYSE and 6.07 to
1 on the NASDAQ.
Monday – weakened, decliners led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – Strengthened,
advancers led
SPY down 4.01 at 174.17 volume 253.8 million shares, above average volume
VIX up 3.03 at 21.44…
TNX down .87 at 25.81…
TLT up 1.32 at 109.32...
XLF down .53 at 20.53 volume 105.1
million shares, above average volume
AAPL up .93 at 501.53 volume 14.3 million shares
FB down 1.09 at 61.48…volume 74.8 million shares
Technical
Commentary:
IWM – 3.13%,
QQQ – 2.30%, SPY –
2.25%, DIA – 2.05%.
January Performance
SPX -3.56%
NDX -1.95%
RUT -2.82%
XLU +2.98%
XLV +0.94%
XLK -2.57%
XLF -3.66%
XLI -4.27%
XLB -4.72%
XLP -5.17%
XLE -5.80%
XLY -6.00%
FB +14.49%
NFLX +11.18%
GILD +7.39%
MU +5.93%
GOOG +5.38%
PCLN -1.51%
BIDU -12.02%
AMZN -10.06%
Monday’s
trading session saw a big drop with the DJIA having its biggest drop
since June of last year…down 326.05 points to close at 15,372.80 or 2.08%...S&P losing 40.70 or 2.28% and the NASDAQ off 106.92 or 2.61%...With
only 3 out of 100 NDX stocks closing up…it’s easy to see why it was
one of the worst selloffs in several months.
Many stocks ended the trading
session at support…but most broke their recent support. Today’s loss was contributed to a weaker than
expected reading on manufacturing data…interesting diatribe.
HLF ignored the rest of the crowd
mentality and gained 4.65 or 7.22% in today’s trading…breaking horizontal resistance
and near breaking of its diagonal resistance on volume of 8.8 million
shares. Perhaps investors saw today’s
over-all market loss as an agitate syndrome and that investors would be pulling
stock off the shelves of HLF in droves!
(The Following was posted last
Friday):
The SPX
finished lower in January for just the third month in the past year. The other two lower months were June and
August. The short-term market trend
was neutral this week as the SPX held the 1,770 area of support
five times this week suggesting that institutions are buyers at this
support area, as they were back in November and December at this same
horizontal level. If support holds
next week look for a bounce back to the 1,800 resistance area and then
the 1,820 – 1,830 resistance area if the buyers can break 1,800
resistance.
Be
prepared to trade to the downside if the SPX does break short-term support.
Monday kicks off another week for
earnings with GILD, AKAM, GMCR, P, SWI, TWTR, YELP, LNKD and CBOE among
other reporting this week.
Trade with the trend of the chart you are trading and move your
protective stops. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 181.34, 183.40, 184.69…
QQQ = 88.18, 89.00…
IWM = 114.48, 116.70…
Support Levels
SPY = 179.12, 177.74,
176.36
QQQ = 86.38, 85.67,
84.93
IWM = 112.14, 111.02,
110.71, 109.31
Q4 earnings season continues into the fourth full week…
Monday – AEIS, AGNC
Tuesday – ADM, BWLD, CHRW, CME, GILD, HCA, IP, KORS, KEYW
Wednesday – AKAM, ADP, BIDU, CTSH, FISV, GMCR, HUM, MDC, MRK, NXPI, ORLY, P, SCSS, SWI, TSO, NDAQ, TWX, TWTR, DIS, YELP
Thursday – ATVI, LNKD, SIAL, TPX, VRSN
Friday – CBOE, CI, MCO
Q4 Earnings Reactions
Positive Reactions – TWTR,
LNKD, NOV, SPG, TSN, ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU, MTW, PHM, RYL,
VIAB, V, BA, DOW, FB, LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F, ILMN, LXK, CAT,
RCL, JNPR, MSFT, KMB, PG, MXIM, SBUX, NFLX, FFIV, URI, UNP, EBAY, MCD, CREE,
TXN, UTX, NUAN, XLNX, BHI, DAL, RF, MS, SLB, STI, AXP, SWKS, BAC, LLTC, WEN,
MON, MU, STZ, APOL
Negative Reactions – GILD,
AKAM,GMCR, P, SWI, CVX, MA, MAT, PCAR, AMZN, MMM, CELG, CL, XOM, ESI, HOG,
OSTK, POT, SHW, WHR, BA, CTXS, EMC, TSCO, CRUS, GLW, DD, F, VMW, YHOO, AAPL,
STX, ZION, HON, KSU, SWK, STT, ALTR, ISRG, KLAC, KEY, JCI, LMT, WDC, ABT, BAX, ATI,
COH, FCX, AMD, IBM, HAL, JNJ, TRV, VZ, GE, COF, INTC, UNH, C, GS, CSX, FAST,
AA, FDO, BBBY, SCHN
Reversal of Initial
Reaction – HON, FAST, FDO, AA
The Market Forecast Green Line is below 20.
____________________
Setups
H Breakout:
Diagonal Breakout:
Bull Flag: RCL, TSLA,
Potential Bullish Divergence: MFRM,
Gap Up:
Gap Down:
Bear Flag:
At Support: SCIQ,
DRYS, FSLR, SFUN, SSYS, STI, X, Z, ZION, ADBE, ADSK, AKAM, MNST, STX,
C- Pattern:
Moves
New Highs:
Gap Up:
Gap Down:
H Breakout:
Diagonal Breakout:
Breakout Test:
Bounce:
MACD Divergence Bounce:
Bear Flag:
Support Break: A, ANR, ATI, CREE, ESI, FAS, GOGO, IBM,
IWM, MCP, MS, NKE, NTES, RAX, SCSS, SOHU, SPWR, SPY, UAL, V, WLT, XONE, YNDX,
YOKU, BIDU, CTSH, GRMN, PCLN, SNDK, XLNX,
______________________
3 out of 100 NDX
stocks closed higher on Monday.
Leading NDX 100 stocks included: GOLD
Lagging NDX stocks included: NXPI, MAT, TSCO,
TRIP, HSIC, GOOG, VIAB, BIIB
Leading stocks > +2% on Monday
included: TLT, TWTR, GLD
Lagging stocks < -2.0% included: SPWR, ANR, CSIQ, GOGO, WLT, FAS, TSL,
QIHU
Stocks to Watch on
Monday
Holding Above 30 DMA= 26
ILMN, ESRX,
CMCSA, EQIX, FFIV, VRTX, SBAC, ISRG, MU, BIIB, GILD, MXIM, TSLA, NXPI, NTAP,
GOLD, NFLX, CHTR, ALTR, ALXN, REGN, CERN, GOOG, WYNN, FB, GMCR
Moving Above 30 DMA = 0
Moving Below 30 DMA = 15
ADSK, AKAM, AMGN, AVGO, BRCM, CHKP, CHRW, HSIC, MSFT, MYL, QCOM,
SIAL, SRCL, XLNX, WDC
Staying Below 30 DMA
AMZN, DTV, MNST, ORLY, CTRX, VRSK, DISH, SYMC, SIRI, CSCO, STX, EBAY,
[CLN, AAPL, ADBE, AMAT, CA, CELG, CTSH, EXPD, FAST, FISV, KLAC, LLTC, NVDA,
PCAR, SNDK, VOD, TXN, VIP, ADP, BIDU, CTXS, GRMN, ADI, KRFT, EXPE, INTC, INTU,
MDLZ, LBTYA, TRIP, YHOO, VIAB, LINTA, TSCO, ATVI, PAYX, ROST, DLTR, BBBY, SPLS,
FOXA, MAT, DISCA, WFM, COST, SBUX, LMCA
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
Stock Futures Rise In Pre-Market...VRSN Up 5.07%...EURO Unchanged...
BMO – ES + 2.25…and NQ + 3.75…stock
futures point to a higher open
SPY is up .24…
XLF is …unchanged…
Euro is unchanged…
TLT
is down .76…
Follow your rules for entry and exit…and always remember to adjust stops
to protect profits also according to your rules...
Quoting Up: VRSN, TWTR, CREE,
SPLK, WFM, AKAM, ESRX, FB, COST
Quoting Down:
UNG, ROST, FFIV
Friday, January 31, 2014
SPX Finishes January Down...CMG, GOOG, FB, NFLX New All-time High Close...
Two of nine
sectors
moved higher on Friday…XLU, XLK and XLP were the strongest sectors…while
XLY was the weakest sector.
Breadth weakened
as decliners
led advancers 1.68 to
1 on the NYSE and 2.37 to
1 on the NASDAQ.
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – Strengthened,
advancers led
Monday – strengthened,
decliners led
SPY down 1.88 at 178.18 volume 194.6 million shares, above average volume
VIX up 1.12 at 18.41…
TNX down .25 at 26.68…
TLT up .72 at 108.28...
XLF down .25 at 21.06 volume 53.6
million shares, above average volume
AAPL up .81 at 500.60 volume 16.6 million shares, above
average volume
FB up 1.49 at 62.57…volume 87.8 million shares, above average volume
Technical
Commentary:
QQQ -0.27%, SPY
-0.59%, IWM -0.74%, DIA
-0.90%.
January Performance
SPX -3.56%
NDX -1.95%
RUT -2.82%
XLU +2.98%
XLV +0.94%
XLK -2.57%
XLF -3.66%
XLI -4.27%
XLB -4.72%
XLP -5.17%
XLE -5.80%
XLY -6.00%
FB +14.49%
NFLX +11.18%
GILD +7.39%
MU +5.93%
GOOG +5.38%
PCLN -1.51%
BIDU -12.02%
AMZN -10.06%
The SPX
finished lower in January for just the third month in the past year. The other two lower months were June and
August. The short-term market trend
was neutral this week as the SPX held the 1,770 area of support
five times this week suggesting that institutions are buyers at this
support area, as they were back in November and December at this same horizontal
level. If support holds next week
look for a bounce back to the 1,800 resistance area and then the 1,820
– 1,830 resistance area if the buyers can break 1,800 resistance.
Be
prepared to trade to the downside if the SPX does break short-term support.
Monday kicks off another week for
earnings with GILD, AKAM, GMCR, P, SWI, TWTR, YELP, LNKD and CBOE among
other reporting this week.
Trade with the trend of the chart you are trading and move your
protective stops. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 181.34, 183.40, 184.69…
QQQ = 88.18, 89.00…
IWM = 114.48, 116.70…
Support Levels
SPY = 179.12, 177.74,
176.36
QQQ = 86.38, 85.67,
84.93
IWM = 112.14, 111.02, 110.71,
109.31
Q4 earnings season continues into the fourth full week…
Monday – AEIS, AGNC
Tuesday – ADM, BWLD,
CHRW, CME, GILD, HCA, IP, KORS, KEYW
Wednesday – AKAM, ADP, BIDU, CTSH, FISV, GMCR, HUM, MDC, MRK, NXPI, ORLY, P, SCSS, SWI, TSO, NDAQ, TWX, TWTR, DIS, YELP
Thursday – ATVI, LNKD, SIAL, TPX, VRSN
Friday – CBOE, CI, MCO
Q4 Earnings Reactions
Positive Reactions – NOV,
SPG, TSN, ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU, MTW, PHM, RYL, VIAB, V, BA, DOW,
FB, LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F, ILMN, LXK, CAT, RCL, JNPR, MSFT, KMB, PG,
MXIM, SBUX, NFLX, FFIV, URI, UNP, EBAY, MCD, CREE, TXN, UTX, NUAN, XLNX, BHI,
DAL, RF, MS, SLB, STI, AXP, SWKS, BAC, LLTC, WEN, MON, MU, STZ, APOL
Negative Reactions – CVX,
MA, MAT, PCAR, AMZN, MMM, CELG, CL, XOM, ESI, HOG, OSTK, POT, SHW, WHR, BA,
CTXS, EMC, TSCO, CRUS, GLW, DD, F, VMW, YHOO, AAPL, STX, ZION, HON, KSU, SWK, STT,
ALTR, ISRG, KLAC, KEY, JCI, LMT, WDC, ABT, BAX, ATI, COH, FCX, AMD, IBM, HAL,
JNJ, TRV, VZ, GE, COF, INTC, UNH, C, GS, CSX, FAST, AA, FDO, BBBY, SCHN
Reversal of Initial
Reaction – HON, FAST, FDO, AA
The Market Forecast Green Line is at 20.
____________________
Setups
H Breakout: BX, CIEN, CRM, TWTR, CMCSA, ESRX, FFIV,
GMCR, TSLA,
Diagonal Breakout: MU, BAC, BBRY, CSIQ, LVS, MFRM, SCTY,
SPLK, SPWR, UAL, DAL, ADSK, XLNX,
Bull Flag: JNPR, RCL, UNG, NTAP,
Potential Bullish
Divergence: COST,
Gap Up:
Gap Down:
Bear Flag: FSLR,
GLW, GOGO, NKE, SFUN, SOHU, TSL, X, Z, SNDK, STX, WFM,
At Support: CREE,
DRYS, GLD, IBM, IWM, KKD, MCP, MS, RAX, SPY, STI, V, VRSN, WLT, XONE, YNDX,
YOKU, ZION, ADBE, BIDU, DTV, EBAY, GRMN, INTC, MNST, PCLN, TXN,
C- Pattern:
Moves
New Highs: FB, ANGI, QIHU, TLT, GOOG, NFLX, WYNN,
Gap Up: TSN, ZNGA
Gap Down: MAT, MA, CVX, AMZN,
H Breakout: GOOG, MSFT, WYNN,
Diagonal Breakout:
Breakout Test:
Bounce: LNKD, QCOM,
MACD Divergence
Bounce: SSYS, TPX,
Bear Flag: DDD, FAS,
GRPN, NTES,
Support Break: SINA,
______________________
25 out of 100 NDX stocks
closed higher on Friday.
Leading NDX 100 stocks included: WYNN, GOOG, MSFT,
FB, GMCR, YHOO, BRCM, CTXS, QCOM, NFLX
Lagging NDX stocks included: MAT, AMZN, SYMC,
VRTX, BIDU, FFIV, PCAR, CHKP, VIAB, ISRG
Leading stocks > +2% on Friday
included: QIHU
Lagging stocks < -2.0% included: JNPR, GOGO, FAS, CREE, BBRY, XONE, ANR,
YOKU, SINA, V, RCL, TSL, A, DDD, SCTY, STI, ZION, MCP
Stocks to Watch on Monday
Holding Above 30 DMA= 40
ILMN, ESRX,
CMCSA, AVGO, EQIX, AKAM, FFIV, VRTX, XLNX, SBAC, AMGN, ISRG, MU, MYL, BIIB,
GILD, MXIM, NXPI, TSLA, NTAP, GOLD, NFLX, CHTR, ALTR, ALXN, CHKP, REGN, CHRW,
MSFT, ADSK, BRCM, CERN, FB,
GMCR, GOOG, HSIC, SIAL, SRCL, WDC, WYNN
Moving Above 30 DMA = 1
QCOM
Moving Below 30 DMA = 7
AMZN, CTRX, DISH, DTV,
MNST, ORLY, VRSK
Staying Below 30 DMA
SYMC, SIRI, CSCO, STX, EBAY, PCLN, QCOM, AAPL, ADBE, AMAT, CA, CELG,
CTSH, EXPD, FAST, FISV, KLAC, LLTC, NVDA, PCAR, SNDK, TXN, VIP, VOD, ADI, ADP,
BIDU, CTXS, GRMN, KRFT, EXPE, INTC, INTU, LBTYA, MDLZ, TRIP, VIAB, YHOO, LINTA,
TSCO, ATVI, PAYX, ROST, DLTR, BBBY, FOXA, SPLS, DISCA, MAT, WFM, COST,
LMCA,SBUX
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral
Stocks Teaching Us Good Yoyo Moves...Futures Look To Open Down...AMZN Down 8.31% After Earnings...GOOG Reports Positive Earnings Up 4.10%
BMO – ES – 16.50…and NQ – 14.50…stock
futures point to a lower open
SPY is down 2.49…
XLF is …down .35…
Euro is down 40 pips…
TLT
is up .68…
Follow your rules for entry and exit…and always remember to adjust stops
to protect profits also according to your rules...
Quoting Up: GOOG, GLD, TRIP
Quoting Down:
SFUN, FAS, TSL, CSIQ, AMZN, TXN, GMCR, FFIV, PCLN
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