It's Dejavu...Both S&P 500 and DJIA Close At Record Highs...While ECB Hints At Monetary Stimulus...

Seven out of nine sectors moved higher on Thursday…XLE, XLI and XLY were the strongest sectors while XLU was the weakest.

 

Breadth strengthened…advancers led decliners…1.31 to 1 on the NYSE and 1.38 to 1 on the NASDAQ.

Thursday – mixed, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – strengthened, advancers led

SPY up 1.06 at 203.40 on 106.9 million shares, below average volume

VIX down .50 at 13.67…

TNX up .25 at 23.75…

TLT down 1.01 at 118.15...

XLF up .04 at 24.14 on 26.9 million shares, below average volume

AAPL up .26 at 108.65 on 34.9 million shares

FB up .48 at 75.31…on 21.3 million shares, below average volume

Technical Commentary:

QQQ + 0.42%, IWM + 0.42%, DIA + 0.49%, SPY + 0.52%.

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 Chart Targets:

SPY = 201.90...

QQQ = 103.37…

IWM = 117.48…

Support Levels

SPY = 199.61, 198.06...

QQQ = 100.26, 99.59…

IWM = 115.04, 113.35...

Earnings this week: 

Monday: AIG,

Tuesday: BABA, CTRP, PCLN, FEYE, ZU, TRIP,

Wednesday: SCTY, SSYS, Z, QCOM, TSLA, WFM,

Thursday: FSLR, LOCO, SFUN, SUNE, SWKS, UBNT, DTV, MNST,

Friday:

Q3 Earnings Reactions

Positive Reactions – ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, ZION, AMD, C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,

More than 10% - GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – AEM, CHRW, COH, FB, GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - AEM, P, TPX,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, ALTR, KKD, MRK, BBRY, MU,

The SPY Market Forecast is at 97.

___________________

Setups

Horizontal Breakout: EMC, ETFC, GME, IWM, JDSU, LOCO, MFRM, MS, RCL, SCHW, STI, ZION, ADBE, AVGO, DTV, NTAP, SBUX,

Diagonal Breakout: HPQ, JD, UA, UPL, TSLA,  

Bull Flag: AA, CRM, NTES, RAX, SPWR, DGLY, BRCM, CELG, EXPE, GMCR, INTC, MAR, MNST, AAPL

Potential Bullish Divergence: IBM,

At Support: SSYS,    

Moves

New Highs: BABA, DAL, SWKS,   

H Breakout: BAC, BBY, YOKU, UNG, ADSK,  

D Breakout:  

Breakout Test:

Bull Flag Bounce: AMBA, SPLK,   

Bounce: FEYE, HOG, SFUN, JCP, ROST,

MACD Divergence Bounce: ATI,  

Gap Up: WFM,    

Gap Down: QCOM,  

Support Break: Z,    

______________________

70 out of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: WFM, HSIC, VRTX, TSLA, TRIP, BBBY, ILMN, CTXS, REGN, LBTYA, MNST, CELG,

Lagging NDX stocks included: QCOM, VIP, DISCA, WDC, SIRI, GRMN, LLTC, ATVI

Leading stocks > +2% on Thursday: SFUN, GPRO, GME, PANW, FEYE, AMBA, ATI, BABA, UA,  ANR, ZNGA, UNG, KNDI, WLT, JCP

Lagging stocks < -2.0% included: UBNT, FSLR, SCTY, Z, SUNE, YNDX, SPWR, DGLY, ESI, DDD

Stocks to Watch on Friday

Holding Above 30 DMA= 85

GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMC, MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM, BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, ATVI, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC, MAT, MXIM, SNDK, FOXA

Moving Above 30 DMA = 2

GILD, TSLA                                                

Moving Below 30 DMA = 2

QCOM, VIP                                    

                                                                                             

Staying Below 30 DMA

GOOG, WYNN, PCLN, SIAL, TRIP, DISCA, FB, NFLX, CTXS, VIAB, AMZN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up