Stocks End Lower...S&P 500 Retreats From Yesterday's All-Time High...Solar Stocks Sizzle Again...SCTY Up 12.12%...SPWR Up 10.26%...

Five of nine sectors moved higher on Thursday…XLU, XLV and XLB were the strongest sectors…while XLF was the weakest sector. 

Breadth weakened as advancers led decliners 1.38 to 1 on the NYSE and 1.05 to 1 on the NASDAQ where decliners led advancers.

Thursday – weakened, mixed

Wednesday – weakened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

SPY down .24 at 184.42 volume 72.2 million shares, below average volume

VIX up .25 at 12.53…

TNX down .41 at 28.43…

TLT up .70 at 105.04...

XLF down .14 at 22.00 volume 47 million shares

AAPL down 3.11 at 554.25 volume 8.2 million shares

FB down .41 at 57.19…volume 34.5 million shares, below average volume

Technical Commentary: 

DIA – 0.36%, SPY – 0.13%, QQQ + 0.01%, IWM + 0.12%.

Stocks ended lower on Thursday’s trading session with the S&P losing 2.5 points while retreating from yesterday’s high and the DJIA losing 64.93…after disappointing earnings reports from BBY, C, and GS.

SCTY sizzled today by breaking horizontal resistance with a bounce and a gap up in trading today continuing on yesterday’s trend and closed at an all-time high gaining 8.30 in today’s session and advanced 12.12%.  SPWR also sizzled in today’s trading and is within .15 of its previous all-time high of 35.39 made on October 21, 2013.  SPWR gained 3.27 today or 10.26% on 7 million shares.

The intermediate-term trend is still up, while the short-term trend is neutral.

Trade with the trend, move your protective stops.  Continue to follow your rules.

Remember it is big money that creates and sustains the trend.  As Granville wrote, “technical analysis is the art of tracking the market, following the footsteps of the ‘smart money’ crowd.  The ‘smart money crowd’ is no mysterious ‘THEY.’  It is simply a collection of people who are reading the market correctly, seeing through the maze, unconfused by this hall of mirrors.”

Short-term up trend Chart Targets:

SPY = 184.69, 186.06, 186.90…

QQQ = 87.79, 88.74…

IWM = 115.98, 116.70, 118.54…

Q4 earnings season is underway.

Monday – WEN

Tuesday – JPM, LLTC, WFC

Wednesday – BAC, CSX, FAST

Thursday – AXP, COF, C, GS, INTC, SWKS, UNH

Friday – GE, MS, SLB, STI

Q4 Earnings Reactions

Positive Reactions – BAC, LLTC, WEN, MON, MU, STZ, APOL

Negative Reactions – FAST, AA, FDO, BBBY, SCHN,

Reversal of Initial Reaction – FDO, AA,

The Market Forecast Green Line is pointed up above 80.

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Setups 

H Breakout: AMGN, BRCM, GRMN, PCLN, SNDK, SYMC, TSLA, IBM, ANGI, DDD, ESI, IBM, LNKD, QIHU, RAX, SPWR, TSL, YOKU,

Diagonal Breakout: EBAY, MCD, VZ, TWTR,

Bull Flag: MRK,  

Potential Bullish Divergence: 

Gap Up:

Gap Down:

Bear Flag: 

At Support: CVX,  

C- Pattern:

Moves

New Highs: ADSK, GILD, GOOG, QCOM, A, P, UAL,

Gap Up: SCTY, SPLK,          

Gap Down: C,      

H Breakout:  

Diagonal Breakout: MSFT, F,   

Breakout Test: 

Bounce: XONE,  

MACD Divergence Bounce: 

Bear Flag: 

Support Break: WMT,  

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41 out of 100 NDX stocks closed higher on Thursday and two were unchanged.

Leading NDX 100 stocks included: TSLA, GILD, ILMN, VRTX, GOLD, ALXN, BIDU, CELG, NXPI

Lagging NDX stocks included: SPLS, AVGO, CTXS, DISH, YHOO, AMAT, EXPE, KLAC, SBUX

Leading stocks > +2% on Thursday included: SCTY, SPWR, LNKD, XONE, SPLK, ANGI, DDD, QIHU, ESI, YOKU

Lagging stocks < -2.0% included: SINA, C, FIVE, MCP, MFRM, GS

Stocks to Watch on Friday

Holding Above 30 DMA= 76

CTSH, FISV, WDC, GOOG, ILMN, LLTC, EXPE, ADSK, ESRX, ALXN, MDLZ, YHOO,  SIAL, CMCSA, LBTYA, GMCR, STX, DTV, BRCM, WYNN, FB, AVGO, INTC, EQIX, ORLY, ADBE, AKAM, VIAB, CA, CHKP, FFIV, PCAR, SNDK, VRTX, XLNX, CTRX, KRFT, AMAT, CSCO, SBAC, CHTR, HSIC, SIRI, AMGN, ISRG, MU, MYL, TRIP, BIIB, CHRW, EXPD, ADP, ALTR, AMZN, CTXS, EBAY, GILD, INTU, KLAC, MXIM, NVDA, QCOM, SRCL, VOD, TXN, ADI, REGN, TSLA, VIP, NXPI, AAPL, CERN, GRMN, NTAP, PCLN, SYMC

Moving Above 30 DMA = 2

CELG, GOLD

Moving Below 30 DMA = 3

LINTA, DISH, TSCO

Staying Below 30 DMA

BIDU, FAST, ATVI, PAYX, ROST, DLTR, BBBY, SPLS, FOXA, MAT, DISCA, WFM, VRSK, NFLX, MSFT, COST, SBUX, LMCA

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up