“First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end”. –Aristotle

SPY made a gap up opening & it fades near 190, found support at 187.7 as broad indexes are oversold. OIL barely holds green & keeps fading on $31.5

Notably, IBB upholds the summer of ’14 pivot high at 275, now becomes support.

DIA + 1.41%  QQQ + 2.13% IBB + 4.03% SPY + 1.64%

OIL + .29%   GOLD +.06

Notable stock action:

  • TSLA broke 200 level and found support at 193/195 (Aug 24 low), & bounced to $210. 8% reversal
  • AAPL held strong support 96 & tested $100
  • NFLX 200ma support & 7% reversal
  • PCLN, FB, AMZN, & GOOGL all ended green
  • XLE sector are 1 of the best performers today, XOM<XEC & FANG all moved 5% higher
  • SCTY 2nd day sell.
  • FSLR strongest on Solars
  • BIDU & BABA both found buyers on support.

Biotechs: IBB sector has suffered most slumped on recent sell off. Some biotechnames that reverses 10% off lows

  • ION, RDUS, ONCE,  PBYI
  • CELG one of the best pivot as y’day held  ‘100″ mightily, ILMN, BIIB & REGN moved higher on 4% avg

Earnings winner:

  • JPM reported better than expected number, beating EPS & Rev  & closed +1.5% higher .
  • GPRO cuts guidance & slumped another  15% , tagging along AMBA on the sell off.

Earnings Loser:

  • INTC reported AH, beats current Qtr but missed guidance as a result down 3% to $30 level

Notable Earnings Jan 15.

  • C, WFC & BLK