Seven sectors moved higher
on Thursday…the strongest sectors
was XLF…XLV…and XLE…the lowest sector was XLU.
Breadth strengthened as advancers led
decliners 1.37 to 1 on the NYSE and
1.97 to 1 on
the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led on NYSE
Monday – weakened,
decliners led
Friday – Independence
Day Holiday
SPY up .37 at 204.90 on 143 million shares
VIX up .31
at 19.97…
TNX up .95 at 23.01…
TLT down 2.37 at 117.92…
XLF up .19 at 24.35 on 25.3 million shares
AAPL down 2.50 at 120.07 on 78.4
million shares
FB up .23 at 85.88 on 23.2 million
shares
Technical Commentary:
QQQ -0.06%, DIA
+0.15%, SPY +0.18%,
IWM +0.36%.
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 = 208.02, 209.16,
209.96...
QQQ = 108.01, 108.86, 109.66…
IWM = 124.51, 125.63…
Support Levels
SPY = 205.76, 204.22...
QQQ = 106.55, 105.75…
IWM = 122.82, 121.53...
The SPX Market Forecast turned DOWN and is at 19.
___________________
Setups
Horizontal Breakout: IBM,
UA, COST, ROST, WFM,
Diagonal Breakout: AIG,
CCL, CIEN, CTRP, CYBR, FAS, GPRO, HPQ, JNPR, KKD, SUNE, TASR, SCSS, SWI, ADSK, GILD,
TRIP,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: TPX, EA,
H Breakout: GME (long
term),
D Breakout: FEYE, GIMO, MS, PANW,
Breakout Test:
Bull Flag Bounce:
MACD Divergence Bounce:
HABT,
Bounce: BAC, BX, C, CSIQ, ETFC,
SCHW, SPLK, TSL, UNG, VSLR, W, Z, ZION, MFRM, P, ADBE, BIDU, GRMN, NFLX,
Gap Up: BABA, JD, MBLY,
NTES, QIHU, SFUN, SINA, SOHU, STI, YOKU, CMGE, JASO, KWEB, WBA,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: DTV,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: YOKU, SINA, QIHU, SOHU, SFUN, JD,
VSLR, NTES, TSL, MBLY, OCN,CSIQ, CYBR, TBT, TASR, CTRP, FEYE,GIMO, GME, JUNO,
FOGO,SPLK,W, HABT, ZION, SCHW
Lagging stocks < -2.0% included: SUM, SHAK
58 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: WBA, VIP, CHKP, WFM, NFLX, EA, MYL, ALXN,
SIRI, BIDU
Lagging NDX stocks included: ALTR, TXN, MU, AVGO, AAPL, INTC, XLNX, NXPI,
ADI, WDC
NDX Stocks to Watch on
Thursday
Moving Above 30 DMA = 10
ADBE, AMZN, BIIB, CERN, CHTR, CTXS, EBAY, HSIC, ILMN, WFM
Moving Below 30 DMA = 2
ALTR, DTV
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down/Neutral
No comments:
Post a Comment