MSFT, CREE Setups

MSFT - PMO buy signal. After filling the earnings gap, MSFT bounced upward to test the down sloping trendline.  A successful break above TL could see a retest of highs.

CREE - Several days basing at $25.00. Looking for a squeeze.

Broader Markets Fail to Confirm Breakout in QQQ

 

The SPY tried to confirm the breakout in tech in early trade, but ended up taking out Friday's lows and closing weak with a bearish engulfing bar on the day.  Too soon to call it a failed BO.

 

The QQQ had a nice breakout last week on the heels of strong earnings reports from marquee tech names such as GOOGL, MSFT and AMZN.  AAPL earnings out tonight were good, but not stunning judging by the after-hours price action.  Weakness today in biotechs weighed on the Qs.

The DIA is lagging.

Small caps are really lagging.  The PMO here has a bearish crossover.

The lack of confirmation from the the broader markets could stall and ultimately, reverse the BO in the Qs.  Failed breakouts lead to fast moves in the opposite direction. This week could be a game changer.  FOMC on Wednesday.

Q1 Earnings for Week Ending May 1st

Earnings Schedule for the week of April 27 - May 1 : Of the companies reporting earnings for the week of April 27 - May 1 some of the bigger names include:

• Monday:
  • Pre Market - TEN, LH, QSR, ROP, MCY, PDS, BPOP, SOHU, HAE, OSIS
  • After Hours - AAPL, HIG, CHRW, OMI, ABX, UHS, PRE, WRB, RE, RVBD, JLL, AFG, SWFT, RCII, AMKR, WCN, OSTK
• Tuesday:
  • Pre Market - BP, F, VLO, AET, UPS, YNDX, PFE, MRK, TMUS, CNC, WHR, PHG, NOV, CMI, PAG, POT, SVU, BMY, ECL, PH, JEC, TXT, GLW, GPI, MAS, BSX, AGCO, AKS, AXE, JBLU
  • After Hours - AKAM, ESRX, AFL, WDC, X, EIX, GN , NCR, OI, KBR, WYNN, WSH, ACGL, SFS, IACI, GPRO, TPX, PNRA, CLF, TWTR, BWLD, 
• Wednesday:
  • Pre Market - UMC, FCAU, SPIL, ANTM, GRMN, HUM, ABB, MDLZ, SAVE, GD, EXC, TWX, IP, NOC, ETN, SO, GT, PCG, NEE, WM, TRI, CVE, PX, GIB, NSC, HLT, MA, VRX, BEN, FDML, SPR, OCR, AVY, HES, HOT, MWV, CG
  • After Hours - BSAC, SU, TRI, FLEX, MAR, LNC, UNM, RKT, ES, WMB, TX, PPC, BIDU, XL, AXS, NXPI, TEX, CNW, ASH, ARRS, MEP, ESV, YELP
• Thursday:
  • Pre Market - ACOR, ALKS, SNE, XOM, RDS.A, PSX, ABC, NVO, CAH, MPC, BG, EPD, COP, CI, TWC, BCE, ARW, TEVA, CL, FMS, DLPH, MMC, VIAB, XEL, ADP, NOK, HUN, LLL, APD, NI, MOS, CELG, SHPG, UFS, GG, CME, VA, WWE
  • After Hours - INT, GILD, FLR, AIG, FE, V, EMN, TS, EEP, EXPE, JDSU, WU, MRC, THG, YRCW, EVHC, LYV, FEYE, FLS, FBHS, LNT, SCSC, SWKS, LNKD, FSLR, HABT
• Friday:
  • Pre Market - CHTR, CVS, CVX, DUK, VFC, TRP, WY, CPN, CLX

Q1 Earnings Schedule

Earnings Preview for the week of April 20 - 24: Of the companies reporting earnings for the week of April 20 - 24 some of the bigger names include:

• Monday:
  • Pre Market - MS, HAL, STIl RCL, MTB, LII, HAS, CHKP
  • After Hours - IBM, RCI, CNI, STLD, SANM, PKG, LRCX, ZION, IEX, WWD, HXL, BRO, FTNT, MBFI, HLX
• Tuesday:
  • Pre Market - VZ, UTX, LMT, WIT, DD, CS, TRV, BHI, KMB, MAN, SAP, GPC, OMC, ITW, SAH, DOV, CP, HOG, GCI, ABG, PNR, FITB, CLS, RF, NTRS, ATI, NVR, AMTD, UA
  • After Hours - AMGN, ACE, YUM, SYK, DFS, BRCM, FTI, VMW, NBR, URI, CMG, YHOO, ISRG, ILMN, CREE, IBKR, DLB, IRBT
• Wednesday:
  • Pre Market - BA, KO, MCD, EMC, ABT, AN, TMO, BK, TEL, DHI, ALV, LAD, R, NLSN, STJ, APH, OC, CFG, TROW, NS, WAB, HBAN, TDY, TUP, ANGI, SIX
  • After Hours - T, QCOM, EBAY, FB, TXN, AMP, WFT, ORLY, USTR, TSCO, RJF, TMK, CCI, OII, AWH, CTXS, VMI, SKX, AHL, PLXS, CAKE, FFIV
• Thursday:
  • Pre Market - ERIC, GM, PG, NVS, DOW, CAT, PEP, JCI, UAL, MMM, AVT, UNP, RTN, ABBV, DHR, AEP, NUE, LLY, LUV, MO, FCX, BAX, IR, SWK, RS, BBT, CMS, CAM, HSY, WCC, DGX, JAH, DAN, BTU, DPS, ORI, ALK, PHM, MJN, FAF, BMS, HP, NDAQ, DPZ, DNKN
  • After Hours - AMZN, MSFT, GOOG, COF, SBUX, CBI, CB, PFG, RGA, RSG, NEM, TRN, HBI, RHI, FSL, JNPR, SWN, HUBG, BCR, LSTR, UIS, SFG, DV, ETFC, P, N
• Friday:
  • Pre Market - INFY, AAL, LYB, AZN, XRX, LEA, DTE, STT, BIIB, TYC, IPG, SPG, AJG, VTR, AAN, BGG

Q1 Earnings Season

Companies of note reporting earnings for the week of April 13 - 17 include:

• Tuesday:
  • Pre Market - JPM, WFC, JNJ, SJR, FAST, JBHT
  • After Hours - INTC, CSX, LLTC, MRTN
• Wednesday:
  • Pre Market - BAC, CY, DAL, PGR, USB, SCHW, PNC, ASML, WSO, TITN, MEA
  • After Hours - NFLX, SNDK, UFPI, UMPQ, WTFC, CNS
• Thursday:
  • Pre Market - UNH, C, GS, PM, PPG, TSM, BLK, SHW, GWW, BX, ADS, SON, KEY, FRC, FCS, PBCT, WBS, NORD, PVTB, IIIN, HOMB, SASR
  • After Hours - SLB, AXP, CCK, CE, AMD, MAT, CYT, ASB, NOW, EGP, COBZ
• Friday:
  • Pre Market - GE, HON, STX, SYF, CMA, FHN