All nine sectors moved
lower on Thursday… XLK, XLV and XLE were the strongest sectors…XLU
was the weakest sector.
Breadth weakened… decliners led advancers…4.83 to 1 on the NYSE and 4.25 to 1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
decliners led
Monday – weakened,
decliners led
Friday – weakened, decliners led
SPY down 2.84 at 196.72 on 150 million shares, above average volume
VIX up 2.37 at 15.64…
TNX down .58 at 25.11…
TLT up 1.37 at 116.18...
XLF down .35 at 23.11 on 54 million shares, above average volume
AAPL down 3.60 at 98.15 on 99.9 million shares, above average volume
FB down 1.26 at 77.28…on 37.4 million shares
Technical Commentary:
QQQ – 1.89%,
IWM – 1.44%, SPY –
1.42%, DIA – 1.26%.
Trade with the trend of
the chart you are trading
and continue to move your profit protection stops. Continue to follow your rules.
Short-term up trend Chart Targets:
SPY = 200.00, 201.37, 204.32...
QQQ = 99.75,
101.13…
IWM = 115.73, 117.06, 118.76...
Support Levels
SPY = 197.46, 196.24,
195.16...
QQQ = 98.87, 97.82, 96.94…
IWM = 112.89, 111.56,
109.86...
Earnings this Week: AZO, BBBY, BBRY, CCL, MU, NKE, PAYX
Q2 Earnings Reactions
Positive Reactions – BBBY,
PAYX, LULU, PANW, ULTA, MFRM, SPLK, AVGO, CRM, GPS, TFM,
FL, AMAT, CSIQ, GME, HPQ, PCLN, NTES, ROST, SINA, NVDA, MNST, ANR, FSLR, GTAT,
LNKD, SFUN, SSYS, SUNE, UBNT, YOKU, AKS, AMGN, CHRW, ESRX, HCA, HES,
LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI, UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS,
DAL, DECK, DOW, FFIV, FB, FTI, GD, LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS,
RHI, STLD, SWK, TSCO, TXN, WHR, XRX,
ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA,
STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,
More than 10% - ULTA,
LULU, PANW, MFRM, SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN,
SSYS, SUNE, UA, VRSN, X
Negative Reactions –
AZO, ADBE, KKD, CIEN, BBY, QIHU, TSL, ADSK, CREE, GOGO, JASO, JDSU, JWN, M,
RAX, YOKU, SCTY, YELP, CTSH, MYL, AEM, AET, AKAM, BWLD,
BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA,
UPL, UPS, VRTX, XOM, ALK,
ALXN, AMZN, ANGI, ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN,
JNPR, KLAC, KMB, KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX,
TRIP, TRV, UTX, V, XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX,
USB, YHOO, FAST, FDO, CAMP, BBBY, GIS, CCL, WAG,
More than -10% - AMD,
ANGI, BWLD, CAMP, DHI, HLF, MXIM, P, SNDK, XLNX,
Reversal in progress – AMZN, ATI, FAST, GIS,
GRMN, ILMN, KO, KRFT, LLTC, P, RYL, SNDK, STX, XLNX
Reversal of Initial
Reaction – KKD, AET, AKAM, ALXN, BA, BAC, BBY, BBBY, BZH, CELG, DNKN, EA, ETFC,
FDO, GOGO, JNJ, JWN, KLAC, KO, LNG, M, NFLX, RAX, SLCA, STI, TPX, TRV, TSL,
UPL, USB, VRTX, YELP, YHOO, APOL, KBH, MON,
The SPY Market Forecast green line is at 68.
____________________
Setups
Horizontal Breakout: ZU,
FB, GILD,
Diagonal Breakout: UA,
MU,
Bull Flag: AMBA, BAC, BBY, CSIQ, ETFC, RCL, SCHW, X, MAR,
AMGN, KLAC,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CTRP, EMC, FSLR, GOGO, IWM, JASO, JCP, LNKD, P, SPLK, SSYS,
CREE, JNPR, VJET, CMCSA, QCOM, SNDK, STX, WFM, ADP, CTRX, LLTC, MSFT, QCOM, WFM,
C- Pattern:
Moves
New Highs: NKE,
H Breakout: NKE,
D Breakout:
Bull Flag Bounce: ESI,
Gap Up:
Gap Down:
Bounce: RAX,
MACD Divergence Bounce:
GLD,
C- Pattern:
Bear Flag:
Support Break: SPY, AIG, BBRY, CAR, CRM, FAS, FEYE, IBM, NTES, TSL, V,
Z, AKAM, ILMN, AAPL, AKAM, CA, FAST, FISV, ILMN, VIP,
______________________
Only 2 of 100 NDX
stocks closed higher on Thursday.
Leading NDX 100 stocks included: MU, BRCM
Lagging NDX stocks included: VIP, BIIB, AAPL, TRIP, NXPI, AKAM, CELG, AVGO,
NTAP, LBYTA
Leading stocks > +2% on Thursday
included: NKE, GPRO,
Lagging stocks < -2.0% included:
BBRY, GOGO, CAR, KNDI, SRUN, UPL, SUNE,
TSL, FAS, ATI, Z, NTES
Stocks to Watch on Friday
Holding Above 30 DMA= 31
NTAP,
COST, CERN, AMGN, MSFT, PAYX, ROST, MAR, AVGO, KLAC, ALTR, BRCM, TXN, NXPI,
SNDK, DTV, GMCR, VRTX, SPLS, DLTR, INTU, QCOM, AAPL, ADSK, FB, REGN, XLNX,
GILD, SIAL, BBBY, CELG
Moving Above 30 DMA = 3
CSCO, MU, YHOO,
Moving Below 30 DMA = 11
ADP, AKAM, ALXN, BIDU, CHKP, CTXS,
FAST, FISV, GOOG, INTC, LBTYA
Staying Below 30 DMA
CA, CHTR, CMCSA, FFIV, LLTC, SBAC, WFM, AMAT, CHRW, ESRX, EXPD, ISRG,
LMCA, MXIM, MYL, NVDA, SIRI, SYMC, TRIP, VIAB, VRSK, DISH, EQIX, ILMN, MDLZ,
ORLY, CTRX, EXPE,KRFT, ADBE, NFLX, STX, TSLA, VIP, AMZN, ATVI, FOXA, LINTA,
HSIC, EBAY, MAAT, SBUX, SRCL, TSCO, DISCA, ADI, VOD, WDC, GRMN, PCLN, PCAR,
CTSH, WYNN
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
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