Seven out of nine sectors moved higher on Thursday…XLE, XLI and XLK were the strongest sectors and XLF was the weakest.
Breadth strengthened as advancers led decliners 1.25 to 1 on the NYSE and 1.01 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – mixed, mixed
Tuesday – weakened, decliners led
Monday – strengthened, advancers led
Friday – strengthened, advancers led
SPY up .62 at 213.50 on 64.6 million shares
VIX down .77 at 12.11…
TNX down .66 at 21.85…
TLT up 1.66 at 120.35…
XLF down .06 at 24.85 on 18.8 million shares
AAPL up 1.33 at 131.39 on 39.6 million shares
FB down .07 at 80.48 on 13.3 million shares
IWM -0.11%, DIA +0.04%, SPY +0.29%, QQQ +0.52%.
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 = 213.91...
QQQ = 109.91, 111.16…
IWM = 125.55, 127.13…
SPY = 212.16, 208.62, 206.76...
QQQ = 109.32, 106.80, 105.55…
IWM = 123.17, 120.87, 120.24...
Q1 Earnings Reaction
Positive Reactions – TTWO, CMCM, RRGB, VSAT, TJX, ADI
CTRP, MBLY, NTES, SINA,
SUNE, DATA, CYBR, BABA, CSIQ, ZNGA, JD, MCHP, REGN, SPWR, ATVI, CA, EA, EXPD, CF, FISV, HLF, LC, PRU, SCTY, TSLA, CTSH, DO, HSIC, ICE, MNK, EL,
OCN, MRC, SWKS, TER, EXPE, TASR, AET, AIG, CME, F, FEYE, GILD, LEG, LYV, MDLZ, NXPI, SLCA, TDS, TPX, UPL, UPS, VRSK, WY, AMZN, MSFT, JNPR, SBUX, GOOGL, CVX, AAL, CTXS, CAM, EBAY, FFIV, ORLY, SWK, T, ALTR, BAX, BRCM, DOW, EMC, HP, ILMN, KO, MCD, NDAQ, YUM, ABT, ATI, LRCX, PCAR, ARMH, AMGN, HAS, CHKP, HAL, MS, STI, NFLX, CE, MAT, C, DAL, FAST, INTC, JPM, LLTC, STZ, WBA, KMX, DGLY, CTRP, JUNO, KBH, MFRM, NKE,
More than 10% - TTWO, CMCM, RRGB, YOKU, ZBRA, DATA, SUNE, ZU, AOL, HLF, TGI, GPRO, OCN, MRC, TER, AMZN, MSFT, ATI, HAS, NFLX, CE, DGLY, CTRP, JUNO,
Negative Reactions –
LOCO, JUNO, RAX, JCP, KNDI, VSLR, VJET, XONE, YY
ALL, APA, APC, AVP, CAR, CERN, CHK, DISCA, DTV, DVA, DDD, EOG, FOSL, FOXA, FTR, GMCR, GOGO, HCA, K, LBTYA, MNST, MRO, NBL, NSM, NVDA, NWSA, NFX, PXD, SFUN, WFM, XEC, Z, ZU, LNKD
AAPL, AKAM, ATHN, BIDU, CAH, CELG, CHRW, COH, ESRX, FSLR, GLW, GRMN, LLL, MAR, PFE, SWI, TWTR, V, VIAB, VLO, WDC, WHR, HBI, BIIB, STT, TXN, XLNX, MMM, SRCL, SWN, ALXN, CMG, CREE, DHR, FB, FCX, HSY, ISRG, KLAC, PEP, PG, BA, HOG, TRV, UA, UNP, URI, YHOO, DD, BHI, RCL, AXP, BAC, GS, JNJ, SNDK, AA, BBBY, MU, GME, YOKU, XONE,
More than -10% - LOCO, JUNO, DGLY, RAX, MNST, FTR, NSM, AVP, LNKD, YELP, TWTR, X, WYNN, NOW, AMD, YOKU,
Reversal in progress – AAPL, AXP, DHR, ESRX, GOGO, GRMN, GS, LBTYA, PEP, RCL, VLO, X, YHOO,
Reversal of Initial Reaction – AA, AKAM, BAC, BHI, CAR, CELG, DD, DTV, FCX, FOXA, GME, HCA, JNJ, K, KLAC, MU, STT, SWN, URI, V, WDC, YOKU, XLNX, XONE, ZU
The SPX Market Forecast is pointed up at 92.
Horizontal Breakout: FEYE, GME, QQQ, SVXY (long term), VSLR, HOG, MTW, DTV, INTC,
Diagonal Breakout: LC, SINA, GLW,
Bull Flag: BX, C, CCL, FAS, MS, SCHW, STI, SWKS, TPX, V, ZION, AKAM, AMZN,
Potential Bullish Divergence:
New Highs: AIG, EXPE, NTES, ESRX,
H Breakout: ADBE,
D Breakout: CYBR, JCP, YY, LVS, WLT, MU,
Bull Flag Bounce: BBRY, HPQ, MBLY, P, SCTY, BRCM, EA, EBAY, QCOM, TSLA, WBA,
Bounce: SPY, CMGE, DAL, FSLR, LOCO, QIHU, SFUN, SPWR, UPL, ANGI, CREE, EMC, KNDI, SSYS, TAN, ROST, STX,
MACD Divergence Bounce: SLCA, ANR, XONE, GMCR,
Gap Up: BBY, CRM, TSL,
Gap Down: NTAP,
Watch List Stocks
Leading stocks > +2% on Thursday: YOKU, TSL, BBY, CRM, UPL, YY, NTES, BABA, SFUN, P, SLCA, SVXY, SPWR, CYBR, QIHU, MBLY, HPQ, FEYE, VSLR, CSIQ, DGLY, JCP, LOCO
Lagging stocks < -2.0% included: ATI, AMBA, VXX, X
67 of 100 NDX stocks closed higher on Thursday and two were unchanged.
Leading NDX 100 stocks included: VOD, NXPI, DLTR, VIP, WBA, ALXN, BIDU, YHOO, AMZN, LBTYA
Lagging NDX stocks included: NTAP, AAL, VRTX, ADI, SBAC, MDLA, DISCA, CHKP, MYL, NVDA
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 3
DISH, VRSK, WBA
Moving Below 30 DMA = 0
6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up