None of the sectors moved higher on Thursday…however XLP, XLU and XLE were the strongest sectors …XBI was the weakest
sector….
Breadth weakened…decliners led advancers…1.85 to 1 on the NYSE and 2.08 to 1 on the NASDAQ…
Thursday – weakened, decliners led
Wednesday – strengthened, advancers led
Tuesday – strengthened, decliners led
Monday – weakened, decliner led
Friday – weakened, decliners led
SPY down 1.33 at 154.36...volume 128.6 million
shares…
VIX up 1.32 at 13.99…
TNX down .05 at 19.32…
TNX down .05 at 19.32…
TLT up 1.12 at 117.24…
XLF down 22 cents at 18.07 volume 57.3 million shares
XLF down 22 cents at 18.07 volume 57.3 million shares
AAPL up 65 cents at 452.73…volume 13.6 million shares…
FB down 12 cents at`25.74…volume 24.3 million
shares…
Technical Commentary:
DIA – 0.64%, QQQ – 1.13%, SPY – 0.85% and IWM – 0.88%, pulled
back after Wednesday’s bounce but stayed
above Tuesday’s support lows…
AAPL + 65 cents closed above its 30 dma
for the fourth straight day and formed an inverted hammer… The
30 dma which is at the same level of Monday’s S1 continues to act as a short
term area of support. FB - 12 cents… formed an inverted hammer and closed at Monday’s support low area and its Fib 50%
retracement level from its Nov 12 low… is still a setup for a potential C Pattern Entry after a support
bounce.
The Euro was down 90 pips and closed at 1.2853 on Thursday. Banks in Cyprus are closed until next Tuesday
leaving time for alternate bailout plan.
Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.
The SPY moved
lower as TNX was down slightly and TLT Bonds moved higher.
.
The Market Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: AMGN,
NTES, SLM, AL, ANR, ADM, AVX, IM
Diagonal Breakout: ADM,
CBOE, CLB, CMCSA, FAST, MGM, BTU, HLF, GNC
Bull Flag: P, ANGI, NVR, CHK, MWV,
MOS, CBG, HES, CNW, CRR, CBS, PTEN, CIE, AOL, NAV, ABC, AVGO, CTSH, GILD, INTU, VIAB,
WDC, MBI, CRM,
CIEN, ZION, ZNGA, DWA, VMW, NFLX, URI, CSTR, VECO, HRB,
PMCS, MON, LNKD, CNP, FTNT, SPLK
Potential Bullish
Divergence: FB, SLB, CCL, IPI
Bear Flag: IBM, TXN, KORS,
GTI, DSW, QCOM, ULTA, EBAY, MJN, HSP
Break of Support: EXPD,
JOY, A, FL, GRMN, AGU, EXPD, FB, HRS, IPI,
SINA, AKAM
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: AWAY, WSM, PLCM, WAG
Gap Down: ARG, ORCL, GES, DE, CAH, FDS
Breakout: BBRY, NUAN, DECK,
SPWR, Z, TPX, COG, TEX,
CORN, UNG, MTW, MDRX, WPO, SNDK, PBI, PRGO, STRZA, SHLD, TRIP
Bounce: AOL, OGE, ILMN,
YHOO, DISH, DISCA, DLTR, GOOG, ICE, LBTYA, MAT, SBUX, VRTX, ILMN, URI, BBRY, FTI, CHTR, ALXN, XRX, MSFT, AVP,
MACD Divergence
Bounce: RHT, SINA, ROST, EBAY
Bear Flag: DDS, DKS,
JCP, CPRT, TFM, DDS, RAX, BTU, MCP, CTL
Support Break: RCL,
JDSU, JRCC, KLAC, DDD, CCL, WLT, CLF, FFIV
____________________
16 of 100 NDX stocks
closed higher on Thursday…
Leading NDX 100 stocks included: YHOO, BMC,
ROST, GOLD, NUAN, EBAY, MAT, PRGO, SIRI
Lagging NDX stocks included: ORCL, CSCO, FOSL,
MU, WDC, ADI, REGN, MXIM, TXN, CHRW, EXPE, FFIV, BRCM
Leading stocks> +2% on Thursday included: FAZ, SSYS, ESI
Lagging stocks < -2.0% included: GES,
JDSU, CIEN, ANF, TSL, GS, FAS, WDC, A, TIF, CRUS, MOS, TPX, NKE, JNPR, UCO
Stocks to Watch on Friday…
Holding Above 30 DMA = 66
VMED, LLTC, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, FISV, INTU, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, PCLN, REGN, VIAB, ADSK, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, COST, WDC, BRCM, DTV, LIFE, STX, SPLS, WYNN, AAPL, COST, LINTA, MNST, CMCSA, NUAN
VMED, LLTC, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, FISV, INTU, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, PCLN, REGN, VIAB, ADSK, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, COST, WDC, BRCM, DTV, LIFE, STX, SPLS, WYNN, AAPL, COST, LINTA, MNST, CMCSA, NUAN
Moving Above 30 DMA =2
GOLD, ROST
Moving Below 30 DMA = 13
ATVI, CHRW, CSCO, FAST, INTC, MCHP,
MXIM, NVDA, ORCL, XRAY, TXN, ADI, WDC
Staying Below 30 DMA
CTSH, CTXS, EXPE, FOSL,
PCLN, ALTR, AMAT, LLTC, QCOM, AMZN, SIRI, CTRX, EQIX, CHKP, KLAC, ISRG, EBAY,
FFIV, NTAP, GRMN, WFM, EXPD, AKAM, BIDU, FB
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Neutral
1 comment:
Gold has taken a break.
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