Three of nine sectors
moved higher on Thursday…XLB, XLU and XLV were the strongest sectors and XLI
was the weakest.
Breadth weakened as decliners
led advancers 1.35 to 1 on the NYSE and
1.16 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – Memorial Day
Friday – weakened,
decliners led
SPY down .24 at 212.46 on 74.8 million shares
VIX up .04 at 13.31…
TNX down .05 at 21.30…
TLT down .30 at 122.44…
XLF down .03 at 24.82 on 17.7 million shares
AAPL down .26 at 131.78 on 30.6
million shares
FB down .41 at 80.14
on 11.9 million shares
Technical Commentary:
QQQ -0.23%, DIA
-0.13%, SPY – 0.11%, IWM
-0.09%.
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 = 212.91, 213.91...
QQQ = 110.38, 111.16…
IWM = 124.04, 125.47…
Support Levels
SPY = 208.62, 206.76...
QQQ = 108.76, 106.80, 105.55…
IWM = 122.52, 120.87, 120.24...
The SPX Market Forecast is at 83.
___________________
Setups
Horizontal Breakout: QQQ,
MS, SCHW, STI, UBNT, YY, ANGI, JDSU, EBAY, GILD, (long term), INTC, QCOM, SBUX, SNDK,
Diagonal Breakout: IWM,
LC, XONE, STX,
Bull Flag: BABA, CRM, CTRP, EXPE, GOGO, JCP, JD, NKE,
NTES, SFUN, ESRX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: SPWR, AA, MTW, MAR,
C- Pattern:
Moves
New Highs: FEYE, PANW,
SUNE,
H Breakout: JUNO, P, SPLK,
D Breakout:
Breakout Test:
Bull Flag Bounce: BX, GLNG,
GME, SHAK, TASR, YOKU, ZNGA,
Bounce: CSIQ, UA, YELP,
MACD Divergence Bounce:
SWI, YNDX, ANR, CREE, DDD, LVS,
Gap Up: GPRO, WDC,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: QIHU, TAN,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday:
JUNO, GPRO, YELP, GLNG, FEYE, GME, PANW, DGLY, SEDG, SHAK, ZNGA, UBNT, SPLK,
YNDX,
Lagging stocks < -2.0% included: UNG, SLCA, MBLY, SOHU, JASO, QIHU, SFUN
35 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: WDC, EBAY, STX, GRMN, SPLS, TSLA, CHKP, NVDA,
VOD, KRFT
Lagging NDX stocks included: SIRI, VIP, TRIP, AMGN, ALTR, ADSK, LVNTA,
ISRG, BRCM, PCAR
NDX Stocks to Watch on
Thursday
Moving Above 30 DMA = 10
AMAT, BBBY, BIIB, COST, CSCO, GRMN, MU, SPLS, WBA, WDC
Moving Below 30 DMA = 4
FB, LMCA, PCAR, VIAB
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
