Eight sectors moved higher on Thursday… XLP, XLB, XLF were the strongest sectors while XLV was the weakest sector.
Breadth weakened as advancers led decliners 1.83 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.
Thursday – weakened, advancers led
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday – weakened, decliners led
Friday – weakened, advancers led
SPY up .14 at 195.55 on 152 million shares
VIX down .48 at 25.61…
TNX down .25 at 21.68…
TLT up .59 at 121.57…7 million shares
XLF up .13 at 23.11…48.9 million shares
AAPL down 1.97 at 110.37 on 53.1 million shares
FB down 1.74 at 88.15 on 26.9 million shares
DIA +0.13%, SPY +0.07%, IWM -0.16%, QQQ -0.49%.
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:
QQQ = 106.47…
IWM = 116.66, 117.50…
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29…
IWM = 114.76, 111.79...
The SPX Market Forecast is turned down at 33.
Horizontal Breakout: FSLR, HOG, P, RCL, SCTY, SUM, TASR, AA, ASNA, CAR, GLW, OCN, RAX, TAN, TWTR, ESRX, INTC, MSFT,
Diagonal Breakout: AXTA, BABA, BAC, C, CRM, ETFC, ETSY, EXPE, NCLH, NKE, PANW, SCHW, SINA, SONC, SWKS, V, ZION, HABT, SPWR, VSLR, AAPL, AVGO, BIDU, BRCM, CMCSA, EA, GOOGL, LRCX, MAR, SBUX, SWKS, TSLA,
Potential Bullish Divergence:
At Support: AMBA, MYL,
H Breakout: JCP (long term), SEDG, UBNT, CIEN, AKAM,
D Breakout: TPX, GLNG, WBA,
Bull Flag Bounce:
MACD Divergence Bounce: UNG,
Bounce: AIG, BX, LVS, SHOP, SPLK, DAVE, WYNN, YHOO,
Gap Up: IBM,
Watch List Stocks
Leading stocks > +2% on Thursday: SUNE, SEDG, P, LVS, JCP, UNG, SLCA, BX
Lagging stocks < -2.0% included: AMBA, GPRO, MBLY, CYBR, W, X, ETSY, DAL
59 of 100 NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: VIAB, AKAM, YHOO, MDLZ, WYNN, MU, CHTR, EA, INTC, GMCR
Lagging NDX stocks included: NFLX, MYL, SPLS, GILD, BMRN, AMGN, REGN, FB, VRTX, JD
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 6
AKAM, SRCL, WDC, LMCA, CHTR, LVNTA
Moving Below 30 DMA = 3
ALTR, SPLS, AAL
6-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Neutral