Check out these hammer flags: ADBE, ANET,
ATVI, WYNN, AMZN, JD, XLNX, KWEB, SHOP, TLT,
SPY bounces off of channel support.
DIA bounces in its bull flag pattern.
QQQ makes a
MACD bullish divergence bounce at support.
IWM bounces in its bull flag, now a horizontal resistance breakout setup.
Nine sectors were positive, led by financial XLF and technology XLK.
SPY up 2.16 at 2443.49 on 70.0 million shares, 2% below average.
VIX down 1.03 to 10.03.
Oil up 1.16 to 44.88
TLT down .42 at 126.47…on
7.3 million shares, at average.
CAT +2.42% and JPM +2.01% led
the DJIA.
SPLS +8.41% TRIP
+4.52% and
AA +4.17% led the SPX.
JBHT +4.20% PCAR
+4.08% LBTYA +3.79%
and
NVDA +3.53% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
IWM, QQQ, SPY, DIA
Down:
Uptrend
sectors: XLV,
XLF, XLI, XLU, XLRE, XLB, XLY, XLP, XLK,
Breadth strengthened
as advancers led 2,246 to 708 on the
NYSE and led 2,089 to 736 on the
NASDAQ.
The SPY MFC green
line is pointed
down in upper zone at 81.
Look for
a potential bounce in: ADBE, ANET, ATVI,
WYNN, AMZN, JD, XLNX, KWEB, SHOP, TLT, MOMO, WYN, MMM, MCD, RCL, EXPE, HUN, AMD,
DDD, BBRY, FB, RACE,
At
support: MAR, WB, EA, NVDA, NFLX, MNST,
GOOGL, ADSK, AVGO, AAPL, LRCX, KLAC, AMAT, MCHP, TSLA, SWKS, BIDU
One Day
Pullback:
Bounces included:
IWM, DIA, SPY, QQQ, XLY, C, V, PYPL, WDC, AABA, SQ, CC,
Potential
Breakouts include: WMT, BBY, TAL, BABA,
Breakouts:
CSX,
Break of
short-term support:
Bear flag:
COST,
New Highs:
94 of 100 NDX stocks closed
higher on Wednesday.
57
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 19
AMZN, ATVI, BMRN, CSCO,
CHKP, CHTR, CTAS, CTSH, DISH, FB, FISV, HSIC, ILMN, LVNTA, MYL, NVDA, PCAR, VOD,
XLNX
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
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