S&P 500 And DJIA Both Advance With The S&P 500 Notching Another Record...

Five of nine sectors moved higher on Thursday…XLU, XLE and XLP were the strongest sectors…XLY was the weakest.  

Breadth weakened…as advancers led decliners 1.32 to 1 on the NYSE and 1.22 to 1 on the NASDAQ where decliners led advancers.

Thursday – mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

Monday – mixed, advancers led

Friday – strengthened, advancers led

SPY up .22 at 196.48 on 85.9 million shares

VIX up .01 at 10.62…

TNX up .09 at 26.22…

TLT down 1.44 at 110.96...

XLF down .03 at 22.83 on 23.01 million shares

AAPL down .32 at 91.86 on 35.4 million shares

FB down 1.26 at 64.34…on 34.1 million shares

Technical Commentary:

SPY + 0.11%, DIA + 0.09%, IWM +0.08%, QQQ – 0.06%.

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 = 196.05, 197.87, 198.99 …

QQQ = 93.02, 94.31, 94.89…

IWM = 117.48, 118.48, 120.30…

Support Levels

SPY = 193.11, 191.96, 190.88…

QQQ = 91.73, 90.44…

IWM = 114.66, 113.62…

Q1 Earnings Reactions

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

Negative Reactions – KKD, SPLK, 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, DKS, DVA, EBAY, ESI, 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, NKE,NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI, SOHU, SPLS, SSYS, STLD, STT, STX, SUNE, SWI, T, TJX, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,

Reversal in progress – AEIS, AMGN, BRCM, CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, MOS, NUE, PCAR, STLD, WDC, ZION

Reversal of Initial Reaction – ADM, AIG, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF, DDD, DIS, DISCA, DVA, ESRX, F, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS, MMM, MU, NKE, NSC, NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, STX, SUNE, T, UPS, VIAB, VMW, VZ, YNDX, YY, ANR, BTU, COG, YHOO

The SPY Market Forecast green line is rising in the upper zone at 90.

____________________

Setups

Horizontal Breakout: AAL, BAC, BX, CRM, CSIQ, DDD, FAS, FSLR, GLW, GOGO, GTAT, IWM, JASO, NKE, NTES, P, QIHU, SCSS, TPX, UPL, X, ZION, TBT, YOKU, AMZN, CMCSA, MNST, MYL,

Diagonal Breakout: HOG, JDSU, MTW, IBM, CTSH, GOOG, QCOM, ROST,  

Bull Flag: ANGI, ETFC, RAX, SOHU, SSYS, SWI, UNG, BIDU, BRCM, GMCR, TRIP, TXN,

Potential Bullish Divergence: 

Gap Up:  

Gap Down:

Bear Flag: 

At Support: TLT, GILD,       

C- Pattern:

Moves

New Highs: MAR,

H Breakout: SPLK, CELG,  

Diagonal Breakout: LVS, EBAY,  

Bull Flag Bounce: 

Gap Up: BBRY, GLD, CELG, SBUX, WYNN,   

Gap Down: 

Breakout Test:  

Bounce: 

MACD Divergence Bounce:  

Bear Flag:    

Support Break: JNPR, FFIV,

C- Pattern:

      

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38 of 100 NDX stocks closed higher on Thursday and three were unchanged.

Leading NDX 100 stocks included: CELG, NXPI, SBUX, MNST, VIP, WYNN, ALTR, ILMN

Lagging NDX stocks included: GMCR, EXPE, WFM, FFIV, VOD, REGN, NVDA, AMZN, TRIP

Leading stocks > +2% on Thursday included: BBRY, XONE,

Lagging stocks < -2.0% included: JNPR, JASO, ETFC, JD, CTRP, CSIQ, QIHU, SOHU, FSLR, UBNT

Stocks to Watch on Friday

Holding Above 30 DMA= 77

MAR, CHRW, SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NCPI, AVGO, ATVI, KRFT, FOXA, CMGR, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM GOOG,  SIRI, AKAM, AMGN, BIIB, EXPE, FB, LLTC, SBUX, VIAB, ALTR, CERN, DISCA, DLTR, NTAP, REGN, TSLA, TXN, ADI, AMZN, GRMN, KLAC, NVDA, INTC, MYL, STX, VIP,  WDC, COST, ORLY, SRCL, FAST, ISRG, LMCA, CHKP, WFM, MNST, XLNX, PAYX, PCAR, SYMC, CA, CTSH, DTV, LINTA, MAT, PCLN, DISH

Moving Above 30 DMA = 1

 QCOM                                           

                                   

Moving Below 30 DMA = 7

BBBY, CA, CERN, ROST, YHOO, DISCA, REGN                                                                          

Staying Below 30 DMA

ESRX, ALXN, VRSK, EXPD, VRTX, MDLZ, TSCO, SBAC, GILD, LBTYA, FISV, WYNN, SPLS, VOD, EBAY

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up