Stocks Finish The Week Sluggish And Weaken Slightly...BBRY Finishes Down 27.76% After Downgraded...

Two of nine sectors moved higher on Friday… XLY, XLU and XLE were the strongest sectors…XLV was the weakest sector.

Breadth weakened…advancers led decliners…1.03 to 1 on the NYSE and 1.12 to 1 on the NASDAQ…

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened slightly, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

SPY down .66…volume 160.4 million shares

VIX unchanged at 16.86…

TNX down .05 at 24.78…

TLT up .75 at 110.44...

XLF down .12 at 19.45…volume 51.4 million shares

AAPL up 2.75 at 396.53…volume 20.6 million shares

FB up .22 at 24.88…volume 96.7 million shares

Technical Commentary:

QQQ  + 0.14%, DIA – 0.90%,   IWM - .57%, SPY – 0.41%.

BBRY faced its worst day in 12 years gapping down 27.76% after being downgraded to underperform.

Gainers included MCP up 10.52%, CDE up 9.56%, PWRD up 5.36%, XONE up 4.66%, and CMCSA up 3.60%.

REGN was down 9.69 or $.13%.

Chart Signals guidance…Adjust stops, trade to targets and take bearish or bullish trades according to your rules as the month long consolidation continues.  More bullish setup entries did occur on Wednesday and as always follow your rules.

Chart Signals Strategy Guidelines

When the market is trending up Chart Signals looks for support bounce and resistance breakout entries. 

When the market is trending down Chart signals looks for resistance pull back and support break entries. 

When the market is sideways in consolidation Chart Signals will look for support bounce, diagonal breakouts and pull backs at resistance where price action stays between support and resistance. 

Technical setups for short-term option trades be in and out by earnings release.

Over earnings release use earnings option strategies such as straddles, strangles, OTM calls or puts.

After earnings look for bullish setups in positive reaction stocks and bearish setups in negative reaction stocks.

EPS Reaction Summary

EPS Gainers –  ADBE, ULTA, EA, DVA, WFM, CTSH, DTV, LBTYA, AIG, ADP, CBOE, REGN, FB, BZH, EXPD, GM, MDC, STX, V, YELP, ICE, JRCC, VIAB, CMCSA, DDD, AVP, HLF, CERN, CVX, DHI, TWC, ANGI, AKAM, ALXN, ALTR, BIIB, COG, CLF, CROX, DOW, ESI, FFIV, HOG, LRCX, LVS, MO, PHM, RCL, SIAL, XLNX, BA, BRCM, GLW, HES, DAL, COH, DD, NFLX, ILMN, VECO, LCC, RF, ZION, TRV, LMT, CAT, CHKP, HAL, HAS, CMG, GOOG, KMB, STI, MSFT, BTU, PEP, UNP, VZ, MAT, AXP, JNJ, INTC, KO, C, APOL

EPS Losers – ORCL, CPRT, COST, TSL, CRM, GME, SHLD, DISH, XRAY, ATVI, RAX, MNST, Z, LNKD, TPX, ZAGG, CTRX, GRMN, MRK, SWI, AMZN, BIDU, CRUS, DECK, EXPE, HSY, KLAC, MXIM, QCOM, PTEN, ABC, MMM, AMGN, T, JNPR, PNRA, VMW, GE, IBM, ISRG, MCD, MS, PM, UNH, SNDK, EBAY, BAC, USB, GS, LLTC

The Market Forecast Green Line is below the Upper Zone and is pointed up. 

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Setups

H Breakout:  ADBE, AMZN, BBBY, COST, CSCO, FB, GRMN, MNST, MYL, PCLN, SNDK, STX, TXN, WDC, CREE, F, JNPR, LNKD, MFRM, NTES, SCSS, TSLA,

Diagonal Breakout: ATVI, BRCM, CELG, DTV, ESRX, FFIV, MAT, MSFT, NUAN, ROST, SIRI, XLNX, BAC, C, CLF, FAS, GLW, JCP, RCL, SINA, SSYS, STI, SWI, TIF, TLT, TPX, UAL,

Bull Flag: TBT,

Potential Bullish Divergence: 

Gap Up:

Gap Down: 

Bear Flag:  

At Support:  AAPL,

Moves

New Highs: GME, GRPN, PWRD, XONE

Gap Up:   

Gap Down:  WFM, BBRY,

H&D Breakout:   

Breakout Test:

Bounce:  ANR,  

MACD Divergence Bounce:  

Bear Flag:  

Support Break:   

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46 of 100 Leading NDX stocks closed higher on Friday…and two were unchanged.

Leading NDX 100 stocks included:  CMCSA, GOLD, BIIB, MNST, VRSK, ATVI, DTV, BBBY, VOD, CHRW, SNDK, DLTR

Lagging NDX stocks included:  REGN, ADSK, FAST, MDLZ, NFLX, FFIV, CTRX, CHKP, WFM, ALXN, SHLD, SIRI, YHOO

Leading stocks > +2% on Friday included: MCP, CDE, ANR, NTES, DECK, CRUS, CHL, CROX, CREE, NKE, GRPN, TSL, GMCR, FAZ, ZAGG

Lagging stocks < -2.0% included:  BBRY, SGOC, X, ATI, IBM, DE

Stocks to Watch on Monday

Holding Above 30 DMA= 34

MU, SPLS, AVGO, CSCO, ISRG, AMZN, DLTR, ADBE, DELL, INTU, SBUX, BBBY, EXPE, GRMN, MCHP, PCLN, SNDK, SRCL, VRTX, ALTR, CA, LINTA, MAT, MNST, ORLY, PCAR, ROST, STX, VOD, VIAB, FB, LBTYA, KRFT, LMCA

Moving Above 30 DMA = 6

CMCSA, GOOG, HSIC, MYL, DISCA, VRSK

Moving Below 30 DMA =8

ADP, CHKP, COST, FISV, NTAP, WFM, XLNX, WDC

Staying Below 30 DMA

LIFE, PAYX, AMAT, ESRX, FOSL, INTC, KLAC, MSFT, NVDA, ADI, CTRX, NFLX, CERN, CHRW, DTV, EXPD, NUAN, ORCL, WYNN, YHOO, MDLZ, BIDU, GOLD, SIAL, TXN, BIIB, CTSH, SIRI, REGN, AAPL, FAST, LLTC, AKAM, BMC, FFIV, XRAY, BRCM, CELG, GILD, ALXN, ATVI, CTXS, EBAY, SHLD, SBAC, QCOM, EQIX, ADSK, AMGN, SYMC, MCIM, NWSA

Four-Week Intermediate Term Market Trend: Down

Five-day Short Term Market Trend: Up