Second Attempt At A Rally Brings Results...S&P 500 And DJIA Notch Biggest Percentage Gain In 4 Years...Since Nov 2011...DJIA Gains 600+ Points To Have Its 3rd Largest Gain Ever...99 Out of 100 NDX Stocks Close With Gains...Dollar Has Second Straight Day Of Gains Against EURO...

All nine sectors moved higher on Wednesday… XLY was the strongest sector at 5.04% and XLU was the weakest at 1.78%.

Breadth strengthened as advancers led decliners 3.84 to 1 on the NYSE and 2.99 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, decliners led

Thursday – weakened, decliners led

SPY up 7.19 at 194.46 on 339.1 million shares…above average volume

VIX down 5.70 at 30.32…

TNX up .39 at 21.72…

TLT down 2.40 at 121.93…

XLF up .84 at 23.17…118.6 million shares, triple average volume

AAPL up 5.95 at 109.69 on 96.7 million shares, above average volume

FB up 4.19 at 87.19 on 45 million shares, above average volume

Technical Commentary:

QQQ +4.94%, IWM + 2.54%, SPY +3.84%, DIA +3.94%.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX Market Forecast is turned down at 7.

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Setups

Horizontal Breakout: RCL, UBNT, ANGI,

Diagonal Breakout: BABA, FIT, PANW, SONC, SWKS, TASR, YOKU, SWKS,

Bull Flag:   

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs:  

H Breakout: BBY, DGLY,  

D Breakout: TBT,

Bull Flag Bounce:

MACD Divergence Bounce:  

Bounce: SPY, IWM, QQQ, AIG, BAC, C, CRM, CYBR, DAL, EXPE, FAS, HOG, MS, NCLH, NKE, P, SHAK, SLCA, SPLK, STI, SVXY, TPX, V, VRSN, ZION, ASNA, CIEN, EMC, GLNG, GLW, HPQ, IBM, KKD, LNDK, MFRM, MTW, OCN, RAX, UAL, AKAM, AMZN, AVGO, BRCM, CELG, CMCSA, COST, EA, EBAY, ESRX, GOOGL, INTC, MAR, MNST, MSFT, MYL, NTAP, QCOM, ROST, SNDK, STX, TXN, WBA, WDC, XLNX,

Gap Up:  

Gap Down: GLD,  

C- Pattern:                                                          

Bear Flag:  

Support Break:  

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Watch List Stocks

Leading stocks > +4% on Wednesday: FAS, SVXY, RUN, CYBR, RPD, SWKS, EXPE, SHAK, SLCA, PANW, BX, DAL, V BAC, CRM, NKE, QQQ, MS, C, SUNE, TASR, ETFC, YOKU, RCL, AIG, ZION, FIT, UA, TBT

                                                       

Lagging stocks < -2.0% included: VXX, QIHU,

99 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: NFLX, GOOG, ADI, NVDA, AMZN, VRTX, SNDK, REGN, AVGO, SWKS

Lagging NDX stocks included:

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 2

ATVI, NVDA

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral