Stocks End Mostly Down...INTU Up In After Hours Trading After Reported Earnings Better Than Expected...PCLN Gains 8.46%...

Five out of nine sectors moved higher on Thursday…XLK, XLY and XLB were the strongest sectors and XLU was the weakest.

 

Breadth weakened as decliners led advancers 1.08 to 1 on the NYSE and 1.14 to 1 on the NASDAQ where advancers led decliners.

Thursday – mixed

Wednesday – strengthened, advancers led

Tuesday – mixed

Monday – Holiday

Friday – weakened, advancers led

Thursday – strengthened, advancers led

SPY down .15 at 209.98 on 91.3 million shares, below average volume

VIX down .16 at 15.29…

TNX up .47 at 21.13…

TLT down .84 at 126.17...

XLF down .10 at 24.26 on 17.4 million shares, below average volume

AAPL down .27 at 128.45 on 37.2 million shares, below average volume

FB up 2.71 at 79.42…on 45.7 million shares, above average volume

Technical Commentary:

DIA – 0.21%, SPY – 0.07%, IWM + 0.01%, QQQ + 0.49%.

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 = 210.35, 211.45...

QQQ = 107.56, 109.41…

IWM = 122.50, 123.54…

Support Levels

SPY = 208.97, 207.24...

QQQ = 105.85, 105.26, 104.58…

IWM = 121.41, 120.82, 119.39...

Earnings this week:

Monday: NTES, SOHU,

Tuesday: AKAM, CERN, REGN, SFUN

Wednesday: AMAT, BIDU, FEYE, HSIC, NTAP, NVDA, SCSS, TRIP, TSLA, WFM, ZU

Thursday: KRFT, Z, ZNGA

Friday: 

Q4 Earnings Reaction

Positive Reactions – 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% - TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – 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% - ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – AXP, ISRG, JNJ, JPM, QCOM, STT, 

Reversal of Initial Reaction – AA, BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION

The SPX Market Forecast rising at 99.

___________________

Setups

Horizontal Breakout: BBY, BX, EMC, EXPE, GOGO, SWI, SWKS, UBNT, MNST, ROST,   

Diagonal Breakout: ESI, HPQ, NKE, GMCR, STX,   

Bull Flag: ATI, BAC, ETFC, SCSS, SOHU, STI, V, ZION, SINA, BRCM, CMCSA,    

Potential Bullish Divergence: 

Gap Up:              

Gap Down:

Bear Flag:   

At Support:

C- Pattern:   

Moves

New Highs: VRSN, AKAM,    

H Breakout: CMGE, CREE, IBM, JUNO, UPL, ADSK, EBAY, FB, LRCX, MYL,      

D Breakout: CELG,     

Breakout Test: 

Bull Flag Bounce:   

Bounce: GOOGL, TSLA, YHOO,     

MACD Divergence Bounce:

Gap Up: DAL, RCL, MAR, PCLN,  

Gap Down: CSIQ, SCTY, X,    

C- Pattern:  

Bear Flag:  

Support Break: QIHU, VXX,   

______________________

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

Leading NDX 100 stocks included: PCLN, REGN, TRIP, TSLA, FB, AMAT, MAR, ILMN, AKAM, VIAB

Lagging NDX stocks included: MAT, CTRX, VRTX, SPLS, BBBY, GILD, BRCM, MU, WFM, SBAC

Leading stocks > +2% on Thursday: CMGE, ESI, JUNO, CAR, UBNT, SPLK, SWI, SLCA, EXPE, GOGO

Lagging stocks < -2.0% included: SCTY, QIHU, RAX, NTES, X, Z, CSIQ, LC, MBLY, SPWR, CTRP, VXX, MTW

Stocks to Watch on Friday

Holding Above 30 DMA = 77

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, WYNN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, SYMC, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, SNDK, ALXN, AMGN, FB, SRCL

Moving Above 30 DMA = 5

CELG, REGN, TSLA, VIAB, VOD                                                        

Moving Below 30 DMA = 1

BBBY                                                                                                                     

Staying Below 30 DMA

GRMN, CHRW, KRFT, CELG, NTAP, TSLA, REGN, SPLS, AAL, VRTX, BIDU, MSFT, YHOO, FAST, GMCR, INTC, ISRG, KLAC, STX, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral/Up