Three of nine sectors
moved higher on Thursday…XLK, XLV and XLP were the strongest sectors and
XLE was the weakest.
Breadth weakened as decliners
led advancers 1.19 to 1 on the NYSE and 1.25 to 1 on
the NASDAQ where advancers led
decliners.
Thursday – mixed
Wednesday – weakened,
advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
SPY down .25 at 211.38 on 72.6 million shares, below average volume
VIX up .07 at 13.91…
TNX up .47 at 20.16…
TLT down 1.78 at 128.45...
XLF down .06 at 24.44 on 27.1 million shares, below average volume
AAPL up 1.62 at 130.41 on 91.2 million shares, above average volume
FB up .85 at 80.41…on 31 million shares
Technical Commentary:
SPY – 0.12%,
DIA + 0.03%, IWM + 0.37%, QQQ + 0.51%.
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 = 211.45, 212.95...
QQQ = 109.41, 111.16…
IWM = 122.50, 123.54…
Support Levels
SPY = 210.18, 208.97,
207.24...
QQQ = 107.27, 106.41,
105.85…
IWM = 121.41, 120.82,
119.39...
Earnings this week:
Monday: ESRX
Tuesday: FSLR, HPQ, LC,
SPWR, CMCSA, SLCA
Wednesday: CRM, YOKU,
AVGO
Thursday: DDD, GOGO,
JCP, MBLY, SPLK, ADSK, MNST, ROST
Friday:
Q4 Earnings Reaction
Positive Reactions – SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN,
RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH,
CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN,
AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO,
TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON,
KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM
More than 10% - SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH,
MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP,
X
Negative Reactions – LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP,
BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL,
SYMC, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION,
AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C,
JPM, KBH, WFC,
More than -10% - LL, LC, TPX, ZU, ZNGA, EXPE, GPRO,
YELP, P, TPX, QCOM, FFIV, KBH,
Reversal in progress – AAL, AXP, BIDU, CHRW, FFIV, GILD, ISRG,
JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX, VRTX,
Reversal of Initial Reaction – TSLA, QCOM, STT, TPX, WDC, ALTR,
ATML, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, SFUN, SRCL, SYMC, WYNN, XLNX, AA,
BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION
The SPX Market Forecast is at 97.
___________________
Setups
Horizontal Breakout: AMBA,
BBRY, BX, CIEN (long term), FEYE, MTW, NKE, SCHW, SPLK (long term), TPX, BRCM,
DTV, FB, NFLX (long term), YHOO,
Diagonal Breakout: HOG,
NTAP,
Bull Flag: BBY, CSIQ, ETFC, IBM, JNPR, SPY, SUNE, ESRX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: IWM, PANW,
SWKS, UA, V, NCLH, VRSN, ADBE, SBUX, TXN,
H Breakout: GOOGL,
D Breakout:
Breakout Test:
Bull Flag Bounce: JD,
SCSS, SLCA, SOHU, XONE, KNDI, AAPL, MAR,
Bounce: CMGE, LVS, NTES,
ILMN, MYL, TSLA,
MACD Divergence Bounce:
Gap Up: CRM, AVGO,
Gap Down:
C- Pattern:
Bear Flag:
Support Break:
______________________
53 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: AVGO, GOOG, VIP, TSLA, BRCM, CSCO, MYL, EXPD,
AAPL, BIDU, ADBE
Lagging NDX stocks included: CTRX, SYMC, ADSK, SPLS, BBBY, DISCA, TSCO,
VIAB, CTXS, ALXN
Leading stocks > +2% on Thursday:
CRM, DGLY, XONE, CMGE, GOGO, LC, Z, SPLK, SOHU, NTES, VJET, JD, AMBA
Lagging stocks < -2.0% included:
UNG, ANGI, UPL, BAC, X, JASO, SUNE, SPWR
Stocks to Watch on Friday
Holding Above 30 DMA = 82
WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB,
CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG,
BBBY, CTRX, DISH, EXPD, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA,
ROST, TXN, ADBE, CHTR, PAYX, ADI, LLTC, AKAM, ADSK, AMAT, AVGO, INTU, LRCX,
MAR, MU, PCLN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, TRIP, WDC, XLNX,
CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, ALXN, AMGN, FB, SRCL, CELG, REGN, VIAB, VRTX, CHRW, MSFT, KLAC, NTAP
Moving Above 30 DMA =
2
GMCR, TSLA
Moving Below 30 DMA = 3
CTRX, HSIC, SYMC
Staying Below 30 DMA
AAL, SNDK, BBBY, ISRG, STX, TSLA, VOD, WYNN, GRMN, KRFT, SPLS, BIDU,
YHOO, FAST, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
