Eight of nine sectors
moved higher on Thursday…XLB, XLK and XLE were the strongest sectors and
XLU was the weakest.
Breadth strengthened as advancers led decliners 3.58
to 1 on the NYSE and 2.39 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – Mixed,
decliners led
Friday – weakened,
decliners led
SPY up 1.99 at 208.90 on 97.1 million shares, below average volume
VIX down 1.62 at 15.34…
TNX down .02 at 19.86…
TLT down .43 at 129.52...
XLF up .24 at 24.45 on 33.0 million shares
AAPL up 1.58 at 126.46 on 73.4 million shares, above average volume
FB down .28 at 76.23…on 17.2 million shares
Technical Commentary:
QQQ + 1.16%,
IWM +1.14%, SPY + 0.96%, DIA +0.64%.
The NDX
+50.69 was
led by gains in CSCO, MSFT, INTC, GOOG, TRIP, PCLN, TXN, AAPL, CMCSA, GILD,
MU, WFM, YHOO and AMZN.
The SPY
+1.99, 208.92
made a new all-time closing higher eclipsing its Dec 29 high by 20 cents. The SPX was led by gains in TRIP, EXPE,
CSCO, EFX, IFF, NVDA, AKAM, HAR, BWA and WFM.
AAPL, +1.58,
+1.27% made
another all-time closing high and finished the day with a $736 billion market
cap.
Oil gained $1.89
to close at 51.34.
Following
downtrends and consolidations 3-D printing stocks DDD +3.18%, VJET +7.34%, SSYS
+2.23% and XONE +6.68% again saw
higher than market gains on Thursday.
RUT Movers: EPAM, XON, POOL, SSTK, SKX, LPX, FANG, UBNT,
CGNX, KS, ISIS, WSO, FAF, PDCE
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 = 206.42, 208.97...
QQQ = 104.58, 105.25…
IWM = 119.45, 120.82, 121.41…
Support Levels
SPY = 203.66, 202.51,
201.62...
QQQ = 102.10, 101.65, 100.48…
IWM = 1117.38, 116.57,
115.32...
Earnings this week:
Monday: NTES, SOHU,
Tuesday: AKAM, CERN,
REGN, SFUN
Wednesday: AMAT, BIDU,
FEYE, HSIC, NTAP, NVDA, SCSS, TRIP, TSLA, WFM, ZU
Thursday: JD, KRFT, Z, ZNGA
Friday:
Q4 Earnings Reaction
Positive Reactions – TRIP,
FEYE, CSCO, NVDA, AKAM, WFM, 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,
NTAP, BIDU, TSLA, 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, EXPE, GPRO, YELP, P, TPX, QCOM,
FFIV, KBH,
Reversal in progress – AXP, ISRG, JNJ, JPM, QCOM, STT,
Reversal of Initial Reaction – AA, BAC, C, IBM, KBH, KSU, MCD, WFC,
ZION
The SPX Market Forecast rising at 76.
___________________
Setups
Horizontal Breakout: IWM,
BAC, BBY, CIEN, CREE, ETFC, GLW, IBM, LVS, NTES, SCTY, SPLK, SUNE, TSL, V, X,
XONE, DDD, SINA, ESRX, MAR, MNST, WYNN,
Diagonal Breakout: HPQ,
FB, STX,
Bull Flag: KKD, LNKD, COST
Moves
New Highs: SPY, AAPL,
RAX, AKAM, AVGO, BRCM, TXN,
H Breakout: CRM, FAS,
JASO, JNPR, SPWR, VJET, ADSK, GOOGL, SNDK,
D Breakout: EMC, XLNX
Bull Flag Bounce: ZION,
UPL,
Bounce: BABA, CTRP, YHOO
Gap Up: ATI, CSIQ, EXPE,
FEYE, VRSN, YNDX, ADBE, PCLN, TRIP, WFM,
Gap Down: VXX, ZU, BIDU, NTAP, TSLA
Support Break: YY,
______________________
83 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: TRIP, CSCO, NVDA, LVNTA, AKAM, WFM, VIP, CERN,
EQIX, PCLN
Lagging NDX stocks included: NTAP, TSLA, BIDU, CELG, GMCR, FOXA, DLTR,
DISCA, EBAY, AMAT
Leading stocks > +2% on Thursday:
EXPE, FEYE, XONE, CSIQ, UBNT, ATI, SUNE, TSL, CRM, VSLR, JASO, FAS, LVS, X,
YELP, SCHW, Z, SPWR, ZION, BBY, C, SSYS, MTW, EMC, SPLK, RAX
Lagging stocks < -2.0% included:
VXX, DGLY, JUNO, UNG, LC, QIHU, NTES
Stocks to Watch on Friday
Holding Above 30 DMA = 59
WFM, SIAL, KRFT, MNST, CTSH, FISV, NXPI, SIRI, ATVI,
BIIB, CERN, EA, NFLX, ILMN, SBAC, SBUX,
AMZN, DLTR, TSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY, VIP,
ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, CMCSA,
PAYX, ADI, LLTC, AKAM, ADSK,
AMAT, AVGO, INTU, LRCX, MAR, MU, PCLN, VOD, WYNN, ESRX, MDLZ
Moving Above 30 DMA = 9
ALTR, CSCO, EQIX, HSIC, LVNTA, SYMC, TRIP, WDC,
XLNX
Moving Below 30 DMA = 3
CELG, NTAP, TSLA,
Staying Below 30 DMA
EBAY, REGN, SRCL,
CHRW, GILD, SPLS, ALXN, AAL, FB, VRTX, BIDU, CHKP, MYL, MSFT, YHOO, FAST, GMCR,
INTC, ISRG, KLAC, QCOM, STX, DISCA, FOXA, PCAR, VIAB, MAT, SNDK, AMGN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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