Stocks Continue Rebound Ending Sharply Higher...NASDAQ +115 Points...DJIA + 369 Points...Oil Reverses To Notch Largest 1 Day Rise Since 2009...FB Made History This Week Logging One BILLION People On Monday...

All nine sectors moved higher on Thursday… XLE was the strongest sector at 4.95% and XLU was the weakest at 1.17%.

Breadth strengthened as advancers led decliners 8.61 to 1 on the NYSE and 3.45 to 1 on the NASDAQ.

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, decliners led

SPY up 2.47 at 199.27 on 273.8 million shares…almost double average volume

VIX down 4.22 at 26.10…

TNX down .04 at 21.68…

TLT up .07 at 122.00…

XLF up .57 at 23.74…77.9 million shares, double average volume

AAPL up 3.23 at 112.92 on 83.8 million shares, above average volume

FB up 2.54 at 89.73 on 42.3 million shares

Technical Commentary:

QQQ +2.53%, SPY +2.47%, DIA +2.33%, IWM +1.79%.

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 up at 16.

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Setups

Horizontal Breakout: GME, UBNT, CREE, JD, SWKS,

Diagonal Breakout: AMBA, AXTA, NCLH, NKE, PANW, RCL, SCTY, SWKS, CIEN, DDD, LNKD, SPWR, TWTR, YELP, AAPL, AMZN, ILMN, MAR, SBUX, TRIP,

Bull Flag:   

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs:  

H Breakout: RUN, ANGI, BBY, UPL, BRCM, NTAP,

D Breakout: CTRP, SINA, TASR, V, ATI, LRCX, WFM,

Bull Flag Bounce:

MACD Divergence Bounce: ETSY, JCP,

Bounce: NTES, PYPL, QIHU, SOHU, X, BBRY, CAR, GLNG, MTW, SCSS, VJET, MU, WYNN,

Gap Up: BX, ETFC, FAS, HOG, LVS, SLCA, STI, UA, YOKU, ZION, AA, EMC, GLW, JASO, MFRM, UPL, YNDX, YY, AMZN, AVGO, BIDU, BRCM, EBAY, NFLX, TSLA, WBA, WDC,

Gap Down:   

C- Pattern:                                                          

Bear Flag:  

Support Break:  

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Watch List Stocks

Leading stocks > +4% on Thursday: X, ETSY, SUNE, CTRP, NTES, SINA, SLCA, SOHU, FAS, SCTY, SEDG, JCP, YOKU, QIHU, SHAK, TASR, UA, ETFC, SUM, TSL, LVS, SPLK, PYPL, STI, SWKS

                                                       

Lagging stocks < -2.0% included: FIT, W, RPD, SVXY

98 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: MU, AVGO, TSLA, NFLX, BIDU, SNDK, JD, WYNN, MAT, LBTYA

Lagging NDX stocks included: DLTR, CERN

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 11

AMZN, AVGO, BRCM, MAT, NTAP, SRCL, STX, VRTX, XLNX, WDC, NFLX

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral/Up