Investors in U.S. equities seem to have embraced a new market paradigm in which upside spikes come more swiftly than the downside selloffs.

Apple is a revolutionary company. Starting with the iPod and iTunes, Apple has continually turned industries on their heads reaping big profits along the way. Now setting their targets on the mobile payments industry, Apple is about to hit another grand slam.

Leigh Drogen and Joe Kunkle preview earnings from Under Armour (UA), Skechers (SKX), Fortinet (FTNT), and O’Reilly Automotive (ORLY). In our featured topic we discuss why NXP Semiconductors (NXPI) is set for a huge quarter thanks to Apple's (AAPL​) Apple Pay.

Today I deleted Skechers, NXP Semiconductor and Linkedin from the Barchart Van Meerten New High portfolio for negative price momentum.

I believe what we are enduring is a simple case of weak holders bailing out, of momentum riders locking in profits for fear of riding their positions back down to breakeven or losses.

Today's list includes Avago Technologies (NASDAQ:AVGO) 127.99%, Illumina (NASDAQ:ILMN) 127.69%, Micron Technology (NASDAQ:MU) 111.21%, NXP Semiconductors (NASDAQ:NXPI) 84.50% and Facebook (NASDAQ:FB) 76.07%