Seven of nine sectors moved higher on Thursday…XLF, XLV and XLB were the strongest sectors…XLU was the weakest sector.
Breadth weakened slightly…advancers led decliners…1.54 to 1 on the NYSE and strengthened 1.49 to 1 on the NASDAQ.
Thursday – mixed, advancers led
Wednesday – strengthened, advancers led
Tuesday – strengthened, advancers led
Monday – mixed, decliners led
Friday – weakened, decliners led
SPY up 1.07 at 201.82 on 94.5 million shares, above average volume
VIX down .62 at 12.03…
TNX up .29 at 26.29…
TLT up .36 at 113.16...
XLF up .23 at 23.81 on 51.5 million shares, above average volume
AAPL up .21 at 101.79 on 36.9 million shares
FB up .57 at 77.00…on 22.9 million shares
SPY + 0.53%, DIA + 0.60%, IWM + 0.61%, QQQ + 0.75%.
Trade with the trend of the chart you are trading and continue to move your profit protection stops. Continue to follow your rules.
Short-term up trend Chart Targets:
SPY = 200.00, 201.37, 204.32...
QQQ = 99.75, 101.13…
IWM = 115.73, 117.06, 118.76...
SPY = 197.59, 196.24, 195.16...
QQQ = 99.08, 97.99, 97.51…
IWM = 115.51, 114.31, 113.49...
Earnings this Week: ADBE,
Q2 Earnings Reactions
Positive Reactions – LULU, PANW, ULTA, MFRM, SPLK, AVGO, CRM, GPS, TFM, FL, AMAT, CSIQ, GME, HPQ, PCLN, NTES, ROST, SINA, NVDA, MNST, ANR, FSLR, GTAT, LNKD, SFUN, SSYS, SUNE, UBNT, YOKU, AKS, AMGN, CHRW, ESRX, HCA, HES, LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI, UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS, DAL, DECK, DOW, FFIV, FB, FTI, GD, LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS, RHI, STLD, SWK, TSCO, TXN, WHR, XRX, ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA, STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,
More than 10% - ULTA, LULU, PANW, MFRM, SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X
Negative Reactions – KKD, CIEN, BBY, QIHU, TSL, ADSK, CREE, GOGO, JASO, JDSU, JWN, M, RAX, YOKU, SCTY, YELP, CTSH, MYL, AEM, AET, AKAM, BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPL, UPS, VRTX, XOM, ALK, ALXN, AMZN, ANGI, ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN, JNPR, KLAC, KMB, KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX, TRIP, TRV, UTX, V, XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST, FDO, CAMP, BBBY, GIS, CCL, WAG,
More than -10% - AMD, ANGI, BWLD, CAMP, DHI, HLF, MXIM, P, SNDK, XLNX,
Reversal in progress – AET, AKAM, ALXN, AMZN, ATI, EA, GIS, GRMN, ILMN, KO, KRFT, LNG, P, RYL, STX, TPX, VRTX,
Reversal of Initial Reaction – KKD, BBY, TSL, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO, APOL, KBH, MON,
The SPY Market Forecast green line is at 87.
Horizontal Breakout: CSIQ, EMC, NTES, PANW, STI, SWI, V, ZION, BIDU, COST, DTV, FB, INTC, MSFT, MYL, QCOM, WFM,
Diagonal Breakout: AAL, BX, DAL, IWM, SOHU, SUNE, VRSN, AAPL, CELG, CTSH, EBAY, EXPE, GILD, GOOG, MU, TRIP,
Bull Flag: BBRY, GME, GPRO, CMCSA,
Potential Bullish Divergence:
At Support: YOKU,
New Highs: SPY, AIG, C, FAS, MS, RCL, SCHW, SWKS, AKAM, AVGO, BRCM, FFIV, GMCR, MAR, TXN,
H Breakout: AIG, FAS, GOGO, SWKS, ZU, ADSK, CTXS, SNDK, TXN,
D Breakout: IBM, JD, NKE, CREE, LVS, ESRX,
Bull Flag Bounce:
Gap Up: LVS, WYNN,
Bounce: KKD, SFUN, UAL, CIEN, ADBE, WDC,
MACD Divergence Bounce: JD,
86 of 100 NDX stocks closed higher on Thursday and one was unchanged.
Leading NDX 100 stocks included: BIDU, AKAM, NXPI, VRTX, SNDK, WYNN, AVGO, TRIP, GILD, PCLN, WDC, FFIV, CTXS
Lagging NDX stocks included: DISH, YHOO, BBBY, VIP, CMCSA
Leading stocks > +2% on Thursday included: JD, GOGO, SWKS, KKD, FAS, C
Lagging stocks < -2.0% included: MBLY, FEYE, LOCO, YY, BBRY, KNDI
Stocks to Watch on Thursday
Holding Above 30 DMA= 68
INTC, SYMC, SBAC, NTAP, COST, BBBY, CERN, AMGN, CTXS, FFIV, ISRG, YHOO, MSFT, ADP, CTRX, MNST, ROST, CHKP, MAR, PAYX, FISV, SIRI, VRSK, AKAM, AVGO, DISH, KLAC, LMCA, ALTR, AMAT, BRCM, TXN, FAST, NXPI, SNDK, GMCR, CMCSA, DTV, KRFT, VTX, SPLS, CHTR, DLTR, EXPD, QCOM, INTU, AAPL, CSCO, LBTYA, ADSK, CA, CELG, ESRX, FB, GILD, GOOG, ILMN, MXIM, MYL, ORLY, REGN, XLNX, BIDU, CHRW, LLTC, MU, SIAL, WFM
Moving Above 30 DMA = 6
EQIX, MDLZ, NVDA, VIAB
Moving Below 30 DMA = 0
Staying Below 30 DMA
CTRX, EXPE, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, STX, TRIP, TSLA, VIP, ALXN, HSIC, EBAY, SBUX, SRCL, TSCO, DISCA, MAT, ADI, VOD, BIIB, WDC, GRMN, PCLN, PCAR, CTSH, WYNN
Sixteen Week Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Up