On Shortened Week...Stocks End Lower Moderately...Finishing Down For Second Straight Week...2Q Earnings Kick-Off Starts Next Week...Wednesday July 8th With AA...

Three sectors moved higher on Thursday…Six moved lower…XLU, XLE and XLK were the strongest sectors and XLV was the weakest sector.

 

Breadth weakened as advancers led decliners 1.01 to 1 on the NYSE and 1.73 to 1 on the NASDAQ where decliners led advancers.

Thursday – weakened, mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – mixed, decliners led

SPY down .19 at 207.31 on 104.2 million shares

VIX up .70 at 16.79…

TNX down .25 at 23.93…

TLT up .38 at 116.00…

XLF down .11 at 24.64 on 19.5 million shares

Technical Commentary:

IWM -1.16%, DIA -0.20%, SPY -0.09%, QQQ +0.03%.

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 = 206.72, 208.02, 209.16...

QQQ = 108.01, 108.86…

IWM = 126.60, 127.50…

Support Levels

SPY = 205.76, 204.22...

QQQ = 106.55, 105.75…

IWM = 123.94, 122.52...

The SPX Market Forecast is pointed down at 21.

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Setups

Horizontal Breakout: MBLY, NCLH, CMGE, EA, LRCX, SBUX, TSLA (long term), WYNN,

Diagonal Breakout: BX, CIEN, CTRP, FEYE, HPQ, NTES, SFUN, TASR, TWTR, SWI, AKAM, EBAY,

Bull Flag:  ASNA, ADBE

At Support: DAL, ZION, SSYS, WLT, AAL

Moves

New Highs: NKE, DTV

D Breakout: UNG

MACD Divergence Bounce: INTC,  

Bounce: CSIQ, SOHU, VXX, ANGI, DDD, VJET, GOOGL, STX, WDC,

Gap Up: CELG

Support Break: GLNG, OCN, YELP,

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Watch List Stocks

Leading stocks > +2% on Thursday: VXX, ANR, YNDX

                                                       

Lagging stocks < -2.0% included: YELP, SVXY, VSLR, LC, SHAK, X, DGLY, CYBR, UBNT, SONC, TASR, WLT

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

Leading NDX 100 stocks included: TSLA, VRX, EBAY, WDC, AVGO, MU, CHRW, INTC, STX, LRCX

Lagging NDX stocks included: LBTYA, CTSH, CERN, AMGN, CHTR, MAT, BIDU, GILD, SYMC, FOXA

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 3

EBAY, LRCX, PCAR

  

Moving Below 30 DMA = 3

CHTR, GILD, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral