Thursday, June 11, 2015

Stocks Continue Rally Ending Higher...TWTR Up In After Hours Trading After Announcement Of CEO Departure...Setups For Horizontal & Diagonal Breakouts In Play...New Highs Made Today By...AIG, C, JD, GILD, ILMN, & JNPR...

Seven of nine sectors moved higher on Thursday…XLU, XLV and XLI were the strongest sectors and XLE was the weakest. 
 
Breadth weakened slightly as advancers led decliners led 1.55 to 1 on the NYSE and 1.08 to 1 on the NASDAQ.

Thursday – weakened, advancers led
Wednesday – strengthened, advancers led
Tuesday – strengthened, decliners led
Monday – weakened, decliners led
Friday – strengthened, mixed


SPY up .68 at 211.63 on 73.7 million shares
VIX down .37 at 12.85…
TNX down .95 at 23.83…
TLT up 2.43 at 117.95…
XLF up .10 at 25.15 on 46.5 million shares

AAPL down .29 at 128.59 on 35.3 million shares
FB down .33 at 81.83 on 18.6 million shares


Technical Commentary:
QQQ +0.15%, IWM +0.25%, DIA +0.32%, SPY +0.32%.

Advance slows on Thursday as SPY, QQQ, IWM and DIA form spinning top candles. 




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 = 212.67, 213.78...
QQQ = 110.81, 111.16
IWM = 125.93, 127.13…

Support Levels
SPY = 208.62, 206.76...
QQQ = 108.63, 106.80…
IWM = 123.03, 122.52...


The SPX Market Forecast is turned up as 37.

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Setups
Horizontal Breakout: IWM, CIEN (long term), MBLY (long term), NKE, NTES, SVXY (long term), TSL, EMC, SCSS, ADBE, AMZN, DTV, GRMN, MYL, WBA,
Diagonal Breakout: SPY, DGLY, RCL, SWI, HOG, VRSN, EA, PCLN, STX,
Bull Flag: AMBA, CYBR, GME, GPRO, TSLA

Moves
New Highs: AIG, C, FAS, JD, JNPR, GILD, ILMN,
H Breakout:  
D Breakout: CSIQ, GLNG, SPWR, TAN
Bounce: CCL, SHAK, ANGI, ESI, KNDI, LVS,
MACD Divergence Bounce: TLT, Z, TAN,
Gap Up: KKD

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Watch List Stocks
Leading stocks > +2% on Thursday: MBLY, DGLY, QIHU, SHAK, SFUN, Z, CSIQ, SUNE, TLT, SVXY, JASO
                                                       
Lagging stocks < -2.0% included: JUNO, GPRO, JCP, UNG, VXX, YELP


58 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: CTXS, EXPD, AMGN, STX, TSCO, BIIB, GILD, WYNN, ILMN, NVDA

Lagging NDX stocks included: YHOO, REGN, INTU, AMAT, VIP, ISRG, AAL, TXN, ADSK, SNDK

NDX Stocks to Watch on Friday
Moving Above 30 DMA = 5
BIIB, CTXS, NVDA, PCAR, VRTX
  
Moving Below 30 DMA = 4
AAPL, AMAT, GOOG, LLTC

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up