SPY, DIA...New High Close as FB Continues to Rise

All nine sectors moved higher on Thursday…XLV, XLY and XLP were the strongest sectors …XLK was the weakest sector…. 

Breadth weakened…advancers led decliners…1.58 to 1 on the NYSE and 1.04 to 1 on the NASDAQ…

Thursday – weakened, mixed

Wednesday – strengthened, advancers led

Tuesday – weakened, mixed

Monday – strengthened, advancers led

Friday – weakened, decliners led

Thursday – strengthened – advancers led

SPY up .52 at 159.19...volume 110.1 million shares…

VIX down .12 at 12.24…
TNX down .14 at 17.91…

TLT up .23 at 120.14…
XLF up .04 at 18.55 volume 48.8 million shares

AAPL down 1.36 at 435.69…volume 11.7 million shares…

FB up .45 at`28.02… volume 33.3 million shares…

Technical Commentary:

DIA +0.42%, SPY +0.33%, IWM + 0/14%, QQQ – 0.04%.  SPY rose for the fourth straight day and formed a spinning top.  Short term trend is up on the SPY and DIA.

AAPL down 1.36 on 11.7 million shares paused at its 30 DMA and formed a spinning top.  FB was up 45 cents on 33.3 million shares.  FB broke through horizontal resistance continuing to move above its 30 DMA.

BBBY gapped up and ended -1.50 lower after reporting earnings Wednesday afternoon.

Reporting this week:  JPM

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 Market Forecast Green Line is in the upper zone. 

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Setups

Breakout:   CSCO, LBTYA, MAT, MU, NUAN, NVDA, PAYX, ROST, SHLD, TXN, CSTR, FCX, GMCR, GRPN, RCL, TIF,

Diagonal Breakout: ANR, CTSH, KLAC, MXIM, PCAR, SIAL, WFM, XLNX, ATI, DHR, F, GS, LNKD, SMH, SWKS, YELP

Bull Flag:  BMC, DLTR, VRSN, CMCSA, TSLA, DISH

Potential Bullish Divergence:

Bear Flag:  AAPL, ALTR, EXPD, CRM, CRUS, RVBD, VMW,    CHKP, ESRX, EXPD, FOSL, GOLD, LINTA, MYL, CDE, CLF, CRM, NFLX, UAL, X

Break of Support:  GOLD, NTAP, SYMC, DELL

Moves

Highlights:

Gap Up:  GILD, ROST, GES, ORCL, CIEN, JDSU, TBT,

Gap Down: MSFT, BBRY,

Breakout: KLAC,  ADBE, ADP, AMAT, AMGN, AMZN, ATVI, BIDU, CA, CELG, CSCO, CTRX, DISCA, EBAY, EQIX, INTC, MCHP, PCLN, QCOM, SRCL, STX, VRSK, VRTX, WYNN, COH,

 

Bounce: ADP, AMGN, AVGO, BIIB, BMC, CERN, CMCSA, CTSH, CTXS, DLTR, EXPE, FB, FFIV, FISV, FOSL, ISRG, LINTA, LLTC, MCHP, MNST, ORLY, PAYX, PCAR, PCLN, REGN, SBAC, SBUX, SHLD, SIRI, SRCL, VIAB, VOD, WFM, WYNN, YHOO, A, ANF, ANR,  COH, CROX, DE, DECK, ESI, F, FAS, GMCR, GRPN, ICE, LNKD, NFLX, NKE, SSYS, SWK, SWKS, TIF,  TSLA, URE, YELP, ZION, ALXN, PAYX, UAL, HSY, APOL, PLCM

Support Break: NTES, SWI, 

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61 of 100 NDX stocks closed higher on Thursday…

Leading NDX 100 stocks included:  ROST, GILD, REGN, FFIV, ISRG, DLTR, CTRX, PCLN, MNST, AMZN

Lagging NDX stocks included:  MSFT, STX, GOLD, BBBY, INTC, ADSK, WDC, BIDU, BRCM, ATVI

Leading stocks> +2% on Thursday included: ESI, GRPN, MCP, CROX, NFLX, TSLA, A, F, GES, HLF, SWKS, YELP, COH

Lagging stocks < -2.0% included:  BBRY, SWI, CDE, CMG, NTES, ATI, CRUS, UCO, CLF

Stocks to Watch on Friday…

Holding Above 30 DMA = 72

VMED, NWSA, SNDK, STRZA, ADP, DELL, SYMC, GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, AMGN, MU, DISCA, SBAC, ADBE, CELG, FISV, MSFT, SRCL, VRTX, MDLZ, LBTYZ, VIAB, REGN, SBUX, BMC, VOD, ALXN, BBBY, SHLD, DTV, LIFE, STX, COST, CMCSA, NUAN, ROST, ATVI, CHRW, WDC, EBAY, MNST, SPLS, WYNN, TXN, VRSK, INTC, MXIM, NVDA, CTRX, AKAM, AMAT, AMZN, AVGO, BIDU, CSCO, EXPE, GRMN, KLAC, MCHP, ORLY, PCAR, PCLN, QCOM, SIRI, WFM, XRAY, FB, EQIX

Moving Above 30 DMA =3  

CTSH, DLTR, ISRG

Moving Below 30 DMA =5

ADSK, BRCM, DELL, SYMC, XLNX

Staying Below 30 DMA

FAST, GOLD, NTAP, ESRX, GOOG, INTU, ALTR, CA, LLTC, SIAL, ADI, AAPL, LINTA, MYL, ORCL, CTXS, FOSL, CHKP, FFIV, EXPD

Twenty Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up