Stocks Rebound...DJIA Closes With Best Percentage Gain In 5 Weeks...After Reported Earnings TSL Gains 30.89%...TIF Up 9.15% On Earnings Report...

All nine sectors moved HIGHER on Wednesday…XLY, XLE and XLI were the strongest sectors…XLU was the weakest sector again.

Sector Posture 

Positive trend: XLB, XLE, XLK, XLP, XLV

Neutral trend near resistance: XLI, XLF, XLU, XLY

Neutral trend near support:

Breadth strengthened…as advancers led decliners 1.89 to 1 on the NYSE and 1.54 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, advancers led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

SPY up 1.58 at 189.13 on 88.1 million shares

VIX down 1.05 at 11.91…

TNX up .28 at 25.37…

TLT down .69 at 112.26...

XLF up .14 at 21.87 on 31.7 million shares

AAPL up 1.60 at 606.31 on 7 million shares

FB up 1.92 at 60.48…on 58 million shares, below average volume

Technical Commentary:

DIA + 1.02%, QQQ + 0.95%, SPY + 0.84%, IWM + 0.51%.

Trade with the trend of the chart you are trading and continue to move your protective stops.  Continue to follow your rules.

Short-term up trend Chart Targets:

SPY = 188.89, 190.42…

QQQ = 88.61, 89.86…

IWM = 113.03…

Support Levels

SPY = 186.48, 186.01, 184.96

QQQ = 86.58 85.53, 85.11

IWM = 107.44

Q1 Earnings Reactions

Positive Reactions – ADSK, AMAT, DDS, JCP, AAPL, AET, ALL, ALXN, ANGI, ANR, APA, ATVI, BA, BHI, BIDU, BTU, BWLD, BX, C, CHRW, CNX, COG, CTRP, CTRX, CTXS,  DAL, DAVE, DECK, DHI, DNB, DO, DTV, DV, EA, ENR, ETFC, ESI, FCX, FISV, FNMA, FOXA, GE, GILD, GMCR, GME, GRMN, HAL, HAS, HOG, HUM, IBKR, INTC, JNJ, KO, LPNT, LRCX, LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NXPI, PBI, POT, PRU, RF, S, SCHW, SCTY, SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSO, TWX, UNP, URI, UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z

Negative Reactions – DKS, SPLS, TJX, ACI, ADM,  AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BBRY, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DVA, EBAY, ESRX, EXPE, F, FAST, FEYE, FFIV, FXCM, GOOG, GRPN, IBM, JAZZ, JCI, JDSU, JPM, K,  KLAC, KMB, KRFT, LLTC, LLY, LNKD, LVS, LXK, MCP, MMM, MOS, MTW, MU, MXIM, NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI, SOHU, SSYS, STLD, STT, STX, SUNE, SWI, T, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA, 

Reversal in progress – AKAM, BRCM, CHKP, CTSH, EXPE, GRPN, KMB, LLTC, LXK, MOS, NUE, STLD, SUNE, ZION

Reversal of Initial Reaction – ADM, AIG, AKS, ARWR, ATI, BAC, BMY, CAR, CELG, COF, DDD, DIS, F, IBM, K, KRFT, LLY, LVS, MMM, MU, NSC, NUE, NVDA, PG, SIRI, T, UPS, VZ, YNDX, ANGI, BIDU, NFLX, RF, INTC

The SPY Market Forecast green line is pointed down at 75.

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Setups

Horizontal Breakout: CREE, CTRP, NKE, UAL, DDD, LNKD, NTES, P, V, VRSN, YNDX, ADBE, AMZN, MSFT, TRIP, WYNN,  

Diagonal Breakout: AAL, C, IWM, JNPR, MS, PANW, STI, BAC, BX, CIEN, ESI, LVS, SFUN, SPLK, TBT, YELP, YOKU, CTSH, INTC, NTAP, SBUX, TXN,

Bull Flag: TPX, Z, RAX,   

Potential Bullish Divergence: WFM,  

Gap Up:  

Gap Down:  

Bear Flag:   

At Support: MTW, X, CRM, SCTY, XONE,

C- Pattern: 

Moves

New Highs: AAPL, SNDK,

Gap Up: TSL,   

Gap Down:  

H Breakout: RCL, TSL, BIDU, NFLX,   

Diagonal Breakout: GME, UPL, BBRY, QIHU, FB, PCLN,  

Breakout Test:  

Bull Flag Bounce:  

Bounce: ETFC, FSLR, IBM, ANGI, AKAM, ROST,  

MACD Divergence Bounce: CSIQ,

Bear Flag:   

Support Break: 

______________________

81 of 100 NDX stocks closed higher on Wednesday and two were unchanged.

Leading NDX 100 stocks included: NFLX, ILMN, BIDU, FB, LBTYA, AKAM, TRIP, VRTX

Lagging NDX stocks included: DLTR, ADI, BBBY, PAYX, NXPI, CSIQ, GOGO, QIHU, BX, DDD, ANGO, SCTY, YNDX

Leading stocks  +2% on Wednesday included: FSLR, ETFC, UAL, UPL, FAS,

Lagging stocks  -2.0% included: CRM

Stocks to Watch on Thursday

Holding Above 30 DMA= 48

MAR, CHRW, EXPD, SIAL, MDLZ, MU, SNDK, GILD, CHTR, AAPL, CTXS, DRV, ADP, CELG, FISV, EQIX, NXPI, AVGO, VRSK, LBTYA, SBAC, QCOM, ATVI, KRFT, COST, FOXA, GMCR, ALXN, MNST, SYMC, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM, GOOG, SIRI

Moving Above 30 DMA = 12

AKAM, AMGN, BIIB, ESRX, EXPE, LLTC, MAT, PCLN, SBUX, VRTX, VIAB, FB

Moving Below 30 DMA = 1

PAYX

Staying Below 30 DMA

DLTR, NVDA, ORLY, ROST, SPLS, REGN, DISH, SRCL,VOD, INTC, TXN, LMCA,GRMN, YHOO, CTSH, LINTA, MYL, WYNN, TSLA, FAST,CHKP, PCAR, ADI, WDC, VIP, STX, ISRG, KLAC, NTAP, XLNX, BBBY, ALTR, DISCA, TSCO, EBAY, WFM, AMZN, CERN, CA

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral/Up