Seven out of nine sectors moved higher on Thursday…XLV, XLU and XLB were the strongest sectors while XLE was the weakest.
Breadth strengthened…advancers led decliners…1.75 to 1 on the NYSE and 1.73 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
Friday – weakened, advancers led
SPY up 1.14 at 199.25 on 113 million shares
VIX down .63 at 14.52…
TNX down .18 at 23.05…
TLT up .33 at 119.79...
XLF down .01 at 23.43 on 33.8 million shares, below average volume
AAPL down .44 at 106.90 on 40.5 million shares
FB down 1.77 at 74.09…on 83.1 million shares, above average volume
QQQ + 0.15%, SPY + 0.58%, IWM + 0.88%, DIA + 1.26%.
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 = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56…
IWM = 114.51, 115.73, 117.48…
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02…
IWM = 111.30, 109.77...
Earnings this week:
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET, AGN, ACI, CHRW, COH, CNX, GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR, PCAR, PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG, EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE, GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX, TEVA, UPL, WWE,
Friday: CBOE, CLX, WY
Q3 Earnings Reactions
Positive Reactions – AMGN, BWLD, CLF, MTW, STX, WHR, AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - BWLD, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – TWTR, MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% - P,
Reversal in progress – AZO,
Reversal of Initial Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 79.
Horizontal Breakout: SPY, AMBA, BAC, C, CMGE, FAS, GME, GOGO, HOG, IWM, NTES, RCL, SCTY, SWKS, XONE, SINA, ZNGA, ADBE, ADSK, AKAM, BRCM, FFIV, MNST,
Diagonal Breakout: CSIQ, LOCO, LVS, SCHW, SUNE, UNG,
Bull Flag: MFRM, SCSS, SPLK,
Potential Bullish Divergence:
New Highs: NKE, CELG, COST, GMCR, ILMN, MAR,
H Breakout: BBY, BIDU, ESRX,
D Breakout: CIEN, CTRP, JDSU, YOKU,
Bull Flag Bounce:
Bounce: SFUN, SOHU, DTV,
MACD Divergence Bounce:
Gap Up: V,
Support Break: ZU,
70 out of 100 NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: CTRX, EQIX, AKAM, BIDU, MYL, FFIV, EXPE, VIP, GILD, ATVI
Lagging NDX stocks included: SBUX, CHRW, AVGO, DISCA, INTC, NXPI, FB
Leading stocks > +2% on Thursday: GPRO, V, CMGE, AMBA, JDSU, LNKD, BBY
Lagging stocks < -3.0% included: TPX, TSL, X, SPWR
Stocks to Watch on Friday
Holding Above 30 DMA= 72
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, MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC
Moving Above 30 DMA = 6
AKAM, BIIB, CTRX, DISH, EQIX, SIRI
Moving Below 30 DMA = 4
ADI, DISCA, INTC, MXIM
Staying Below 30 DMA
FB, TRIP, DTV, EBAY, FAST, NFLX, CSCO, EXPE, ALTR, CTXS, SNDK, GOOG, LLTC, VIAB, AMZN, ATVI, TSLA, VIP, MAT
6-month Intermediate Term Market Trend: Up/Neutral
3-day Short Term Market Trend: Up