Ahead of the Curve (Mon-Tues)

Included in this article:

  • Intraday Market Comment
  • Stocks to Watch with instructions
  • Tomorrow's potentially market moving events.

Intraday Comment:

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Our Alerts viewers were short at the time I wrote this, but the Market was also largely doing what we were anticipating.  It is flirting with resistance and pulling back some, but again, according to the expanded view, the more important support levels have already been tested and they have already held, and these resistance levels are weaker than those support levels were.  That tells us to have a positive bias so long as longer term support levels hold, and even though our trading strategies are net short right now that is the exact bias our combined analysis suggests. 

The easiest thing to do is just follow the strategy you have selected or that you have developed for yourself, and don't diverge from your rules.  If you must have an opinion though, our analysis tells us to expect modest pullbacks as noted, but then the market can increase within the longer term channels, so the pullbacks now are likely to be temporary.  This will be true so long as longer term support holds, and until longer term resistance is tested.

Stocks to Watch:

TJX

Testing longer term support

WLP

Testing longer term support

LOW

Testing longer term support

CAT

Testing longer term resistance

UNP

Testing longer term resistance

UPS

Breaking Below longer term resistance

FCX

Breaking Below longer term resistance

NKE

Breaking Below longer term resistance

 No other stocks appeared prominently on my general filter this morning, but that can change as the day goes by.  You can conduct the same filter yourself as well, and you should because I will not be sending another email alert about this.  In order to find stocks that look interesting because they are testing longer term support or resistance do this.

  1. Click the link below for long term filters
  2. Click each of the 4 choices (I call them quadrants)
  3. When trading plans are displayed look at the price targets.
  4. Stocks that have a price target that equals N/A should be noted
  5. N/A means that there are no immediate support or resistance levels on a loner term basis, and that means the stock is testing longer term extremes.  This qualifies it for my radar inclusion when I review stocks in the morning.

Long Term Filters:  http://members.stocktradersdaily.com/index.php/focuslist/stockfilters/filter/long/tab/4#tradeFilters

Tomorrow's events:

Notable Events on Tuesday: 

  • UBS SMID Cap One-on-One Symposium
  • Pacific Design and Manufacturing
  • Stifel Nicolaus 2014 Transportation and Logistics Conference
  • Digital Signage Expo (DSE) 2014
  • 2014 Singapore Airshow
  • AFCEA Western Conference and Exposition (WEST 2014)
  • The 5th international CIS Pharmaceutical Forum
  • Regulatory and Legal Affairs in Russia 2014 @ 8:00 LT
  • FinovateEurope 2014 @ 8:00 LT
  • Russian and CIS Metals and Precious Metals Summit 2014 @ 8:30 LT
  • Fed's Plosser @ 9:00 AM ET
  • Fed Chair Janet Yellen to testify before House @ 10:00 AM ET
  • Lysosomal Disease Network (LDN) 10th Annual World Symposium @ 11:00 AM ET
  • PLASTEC West 2014 @ 12:00 PM ET
  • OReilly Strata Conference 2014 @ 12:00 PM ET
  • $30 bln 3 Year Treasury Note Auction @ 1:00 PM ET
  • Goldman Sachs Technology and Internet Conference @ 2:30 PM ET
  • Xilinx 2014 Investor Day @ 5:00 PM ET
  • Fed's Lacker @ 8:00 PM ET

 

Reporting Earnings Tuesday

Before the Open:

Symbol   Est               Rev   

ALLT    0.08     26.92

CAE      0.18     534.28

CBM    0.29     93.8

CBZ      -0.05    153.72

CBR     0.03     218.65

SCOR   0.31     75.63

CVS      1.11     32643.48

DF        0.19     2290.82

DWRE  0.15     33.2

ETM     0.26     97.65

ETR      0.85     2485.6

GWR    1.16     398.81

HCP     0.74     505.33

HNT     0.29     2762.6

HSIC     1.4       2526.46

HUN     0.37     2702.36

IR         0.62     3032.72

INSY     0.64     34.73

ICE       1.95     632.99

FSTR    0.61     153.93

LGND   0.23     14.25

LPLA    0.58     1071.91

MMC   0.56     3127.47

MGI     0.35     389.34

MOS    0.42     1876.04

NNN     0.49     100.45

OMC    1.16     4035.46

PCG     0.41     3899.84

PRLB    0.37     43.66

RDA     0.25     87

REGN   2.08     580.45

RAI       0.81     2067.76

SCLN    0.15     38.3

SPAR    0.05     128.94

TGH     0.8       133.84

GTS      0.6       574.81

USAK    -0.01    140.95

ZTS      0.34     1202.59

 

 

 

After the Close:

ANDE   1.57     1683.8

ACGL   0.96     672.85

AGII     0.75     345.17

AXLL    0.68     1099.88

BDE     0.05     63.18

CALX    0.03     95.1

CRL      0.68     289.49

CTRL    0.13     35.82

CNVR   0.57     168.73

CSOD   0          55.25

CEB      0.84     217.11

CVA     0.21     426.18

CUTR   -0.01    21.23

CYNI    -0.25    20.44

DVA     1          3040.12

DIOD   0.22     212.33

DEI       0.37     148.64

EGN     0.82     456.42

EEFT    0.57     384.96

FRT      1.18     161.67

FEYE    -0.37    55.93

FOSL    2.43     1020.94

GIVN    0.23     54.03

GUID    -0.11    27.51

HTS      0.48     56.01

JIVE      -0.16    39.23

KFRC    0.28     301.06

LXFT     0.46     102.53

MX       0.33     198.13

MRIN   -0.23    21.26

MKTO  -0.25    26.65

PKG      0.89     1219.95

PHH     0.06     642.87

PL        1.12     992.76

QDEL   0.17     49.92

RSYS    -0.18    46.75

RLOC   0.03     134.53

RPXC    0.19     60.15

SGMO  -0.09    5.69

SAPE    0.24     337.16

SGEN   -0.24    59.28

SCI       0.24     653.99

SSNC    0.52     182.63

SKT      0.51     102.02

TMH    0.43     610.36

TC        -0.06    112.48

TWTC  0.11     400.66

TRMB  0.36     567.38

TRIP     0.21     205.43

VSAT    0.08     349.58

WU      0.33     1430.15

WSH    0.48     909.83

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