Stocks Reverse Course After Four Days Moving Up...

All nine sectors moved lower on Thursday…XLV, XLY and XLP were the strongest sectors.

Breadth weakened as decliners led advancers 2.26 to 1 on the NYSE and 1.91 to 1 on the Nasdaq…

Exchange      NYSE    NASDAQ

Advancers       908         840

Decliners       2,055       1,612

Thursday Highlights:

SPY moved down 1.16 cents…closing at 140.66…volume was 111 million shares…

VIX up +.85 at 15.96…

Euro unchanged…

TNX down -.53 at 16.66…

TLT up .52 cents at 124.93…

XLF down .15 cents at 15.05…

AAPL down – 6.24 at 662.63…volume 15 million shares …

FB  unchanged at 19.44… volume 32.8 million shares…

The Market Forecast green line is in upper zone.

Technical Commentary:

Chart Targets: 

SPY = 143.10 S&R Measuring

ES = 1,425.75 S&R Measuring

Short-term support at

140.92, 139.80 = SPY

1,403, 1,387 = ES

2,743, 2,700 = NQ

GES gapped down closing down – 7.59 or – 22.63 %...after earnings report

NTES up +2.01 or 4.12%...

BIDU lost – 7.71 or 6.28%...

HPQ gapped down closing down 8.15% on earnings report…

Setup Chart Patterns

Bull Flag: SHLD, ADP, ORCL, QCOM, BIDU, BRCM, LLTC, MXIM, MCHP, PCAR, XRAY, EXPE, MU, INTC, DTV, VRSN, INTU, NVDA, CMCSA, ALTR, LIFE, VOD, AVGO, BBBY, FAST, WYNN, ISRG, CHKP, FFIV, FOSL, RVBD,

CLF, JDSU, GLW, JNPR, SMH, COH, SINA, SOHU, VMW, GM, F

Horizontal or Diagonal Breakout: ADSK, GOLD, NTAP, CIEN, CREE, CROX, RAX, RCL, SLB, SWKS, ZION, AMZN, BMC, CA, CTXS, MSFT

            Thursday:  TSLA, NTES. EXPD, ADSK

Bounce:

Wednesday – SOHU, SINA, LVS, FCX, SWK, WFM, ADSK, ALXN, EBAY, AAPL, AMZN, AKAM, GOLD, STX, ELLI

Tuesday – GMCR, ESRX, KLAC, SNDK, ATI, X

Monday – GRMN

Breaking Support:  Thursday:  X, VMW, GRMN, PNRA

23 of 100 NDX stocks closed higher on Thursday…

Leading NDX 100 stocks included: FSLR, WCRX, GOLD, ESRX, EXPE, ORLY, KFT, ADSK, PCLN, PAYX, CTSH

Lagging NDX stocks included:  BIDU, STX, DELL, SNSK, SHLD, MNST, INTC, INTU, SIRI, NVDA, AKAM, GRMN, NFLX, APOL, WFM, HSIC

Leading stocks > +2% on Thursday included: CRUS, NTES, TSLA, FAZ

Lagging stocks < -2.0% included:  GES, ANR, X, CLF, ATI, CROX, AKS, VMW, DECK, C, ZAGG, LDK, FAS, MOS, WDC, ANF, UCO

Stocks to Watch on Friday

…

Holding Above 30 DMA = 47

SLB, WDC, UCO, TPX, SWK, GS, JNPR, RVBD, SWI, CIEN, CROX, DHR, IBM SMH, SWKS, V, VECO, CRUS, X, CREE, C, FAS, FCX, GES, JDSU, NKE, RCL, STI, TBT, TIF, VMW, ATI, BAC, CDE, CRM, SINA, SOHU, F, AKS, DECK, ZION, ANF, INFA, COH, ICE, LVS, ANR, LNKD, TSL, HUM

Moving Above 30 DMA = 1

TSLA

Moving Below 30 DMA = 5

ANR, GES, MOS, V, VMW

Staying Below 30 DMA

DE, GLW, HLF, URE, COH, VECO, LNKD, TSLA, A, CHL, NTES, DE, GRPN, ANR, CLF, DLR, TLT, ZAGG, FAZ, CMG, ESI, UAL, FB, CSTR, LDK, MCP

Eleven Week Intermediate Term Market Trend: Up