Seven out of nine sectors moved higher on Friday…XLV, XLU and XLF were the strongest sectors while XLE was the weakest.
Breadth weakened…advancers led decliners…1.64 to 1 on the NYSE and 1.30 to 1 on the NASDAQ.
Friday – weakened, advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – strengthened, advancers led
SPY up 1.50 at 196.43 on 107.5 million shares
VIX down .42 at 16.11…
TNX down .02 at 22.73…
TLT up .12 at 119.72...
XLF up .22 at 23.10 on 26.2
AAPL up .39 at 105.22 on 44.1 million shares
FB up .63 at 80.67…on 32 million shares, new all-time high
QQQ +0.82%, DIA +0.78%, SPY +0.77%, IWM +0.17%.
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 Chart Targets:
SPY = 194.27, 197.62...
QQQ = 97.10, 98.76…
IWM = 112.15, 114.51…
SPY = 191.48, 190.45...
QQQ = 95.32, 94.47…
IWM = 109.22, 107.00...
Earnings this week:
Monday: AAPL, CMG, HAL, HAS, ILMN, IBM, BTU, STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM, CNI, KO, CREE, ETFC, HOG, ISRG, KMB, LXK, LMT, MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday: T, BA, DOW, EMC, EQIX, GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRX, YELP
Thursday: MMM, ALK, ALXN, ALTR, AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR, KLAC, LLY, MXIM, MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS
Q3 Earnings Reactions
Positive Reactions – AAPL, APOL, EMC, GD, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, SWK, TRV, TXN, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – BA, CMG, DOW, EAT, IBM, KP. LMT, BTU, XRX, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% -
Reversal in progress – AZO,
Reversal of Initial Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 58.
82 out of 100 NDX stocks closed higher on Friday and one was unchanged.
Leading NDX 100 stocks included: KLAC, STX, MXIM, GILD, CELG, CTXS, BIDU, NXPI, VOD, CTRX
Lagging NDX stocks included: AMZN, BBBY, ALTR, ISRG, EQIX, WFM, SRCL, FOXA, GOOGL, DTV
Leading stocks > +2% on Friday: SPLK, YY, DAL, YELP, VRSN, RCL, AAL, CRM, BX, SWI, CAR, FAS
Lagging stocks < -3.0% included: GPRO, ANGI, AMBA, JD, JDSU, SFUN, Z, CIEN
Stocks to Watch on Monday
Holding Above 30 DMA= 52
SIAL, GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX, AAPL,AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MA, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX
Moving Above 30 DMA = 12
ADBE, ADSK, BIIB, CMCSA, CTRX, KLAC, LMCA, MDLZ, MSFT, PCLN, VOD, VRSK
Moving Below 30 DMA = 1
Staying Below 30 DMA
DTV, EBAY, FAST, NFLX, CSCO, EXPE, MU, DISH, AVGO, ALTR, CTXS, INTC, NTAP, NXPI, SNDK, AKAM, GOOG, FFIV, LLTC, AMAT, LMCK, MXIM, TRIP, VIAB, EQIX, SIRI, AMZN, ATVI, FOXA, TSLA, VIP, DISCA, MAT, ADI, WDC
6-month Intermediate Term Market Trend: Up/Neutral3-day Short Term Market Trend: Up