Mixed Trading Session...NASDAQ Bucks The Trend Ending Positive...In After Hours Trading ROST Tops Street Estimates And Gains...MNST Beats Estimates And Gains 8.14%...AVGO Up 14.71%...CRM Up 11.72%...

Three of nine sectors moved higher on Thursday…XLK, XLV and XLP were the strongest sectors and XLE was the weakest.

 

Breadth weakened as decliners led advancers 1.19 to 1 on the NYSE and 1.25 to 1 on the NASDAQ where advancers led decliners.

Thursday – mixed

Wednesday – weakened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

SPY down .25 at 211.38 on 72.6 million shares, below average volume

VIX up .07 at 13.91…

TNX up .47 at 20.16…

TLT down 1.78 at 128.45...

XLF down .06 at 24.44 on 27.1 million shares, below average volume

AAPL up 1.62 at 130.41 on 91.2 million shares, above average volume

FB up .85 at 80.41…on 31 million shares

Technical Commentary:

SPY – 0.12%, DIA + 0.03%, IWM + 0.37%, QQQ + 0.51%.

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 = 211.45, 212.95...

QQQ = 109.41, 111.16…

IWM = 122.50, 123.54…

Support Levels

SPY = 210.18, 208.97, 207.24...

QQQ = 107.27, 106.41, 105.85…

IWM = 121.41, 120.82, 119.39...

Earnings this week:

Monday: ESRX

Tuesday: FSLR, HPQ, LC, SPWR, CMCSA, SLCA

Wednesday: CRM, YOKU, AVGO

Thursday: DDD, GOGO, JCP, MBLY, SPLK, ADSK, MNST, ROST

Friday: 

Q4 Earnings Reaction

Positive Reactions – SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,

More than -10% - LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – AAL, AXP, BIDU, CHRW, FFIV, GILD, ISRG, JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX, VRTX,

Reversal of Initial Reaction – TSLA, QCOM, STT, TPX, WDC, ALTR, ATML, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, SFUN, SRCL, SYMC, WYNN, XLNX, AA, BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION

The SPX Market Forecast is at 97.

___________________

Setups

Horizontal Breakout: AMBA, BBRY, BX, CIEN (long term), FEYE, MTW, NKE, SCHW, SPLK (long term), TPX, BRCM, DTV, FB, NFLX (long term), YHOO,   

Diagonal Breakout: HOG, NTAP,    

Bull Flag: BBY, CSIQ, ETFC, IBM, JNPR, SPY, SUNE, ESRX,   

Potential Bullish Divergence: 

Gap Up:           

Gap Down:  

Bear Flag:   

At Support:

C- Pattern:  

Moves

New Highs: IWM, PANW, SWKS, UA, V, NCLH, VRSN, ADBE, SBUX, TXN,    

H Breakout: GOOGL,  

D Breakout:      

Breakout Test: 

Bull Flag Bounce: JD, SCSS, SLCA, SOHU, XONE, KNDI, AAPL, MAR,   

Bounce: CMGE, LVS, NTES, ILMN, MYL, TSLA,    

MACD Divergence Bounce:  

Gap Up: CRM, AVGO,   

Gap Down:      

C- Pattern:  

Bear Flag:  

Support Break:  

______________________

53 out of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: AVGO, GOOG, VIP, TSLA, BRCM, CSCO, MYL, EXPD, AAPL, BIDU, ADBE

Lagging NDX stocks included: CTRX, SYMC, ADSK, SPLS, BBBY, DISCA, TSCO, VIAB, CTXS, ALXN

Leading stocks > +2% on Thursday: CRM, DGLY, XONE, CMGE, GOGO, LC, Z, SPLK, SOHU, NTES, VJET, JD, AMBA

Lagging stocks < -2.0% included: UNG, ANGI, UPL, BAC, X, JASO, SUNE, SPWR

Stocks to Watch on Friday

Holding Above 30 DMA = 82

WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, PAYX, ADI, LLTC, AKAM, ADSK, AMAT, AVGO, INTU, LRCX, MAR, MU, PCLN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, ALXN, AMGN, FB, SRCL, CELG, REGN, VIAB, VRTX, CHRW, MSFT, KLAC, NTAP

Moving Above 30 DMA = 2

GMCR, TSLA                                                                                                                                        

Moving Below 30 DMA = 3

CTRX, HSIC, SYMC                                                                                                                                                                            

Staying Below 30 DMA

AAL, SNDK, BBBY, ISRG, STX, TSLA, VOD, WYNN, GRMN, KRFT, SPLS, BIDU, YHOO, FAST, INTC, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up