Three sectors moved
higher on Thursday…six moved lower…the
strongest sectors were XLY, XLF and XLU…the
weakest sector was XLF.
Breadth weakened as
decliners led
advancers 1.49 to 1 on the NYSE and
1.27 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
Monday – strengthened,
advancer led
Friday – strengthened,
decliners led
SPY down .26 at 208.66 on 89.3 million shares, below average volume
VIX down .12 at 13.49…
TNX up .59 at 21.89…
TLT down .40 at 123.67…
XLF up .09 at 25.07…
AAPL down .09 at 115.15 on 48.5
million shares
FB down .76 at 93.43 on 17.4 million
shares
Technical Commentary:
IWM -0.33%, SPY -0.12%, QQQ -0.16%, DIA
+ 0.06%.
Trade with the trend of the
chart you are trading and continue to move
your profit protection stops. Continue to follow your rules.
Earnings week of Aug
10
VSLR, CYBR, CREE, FOGO, JASO, RAX,
XONE, BABA, JUNO, JCP, SINA, VJET, YY, W, NTES
Q1 Earnings Reaction
Positive Reactions – W, CAR, CTRP, HLF, KBR,
MGM, MNST, NUS, NVDA, PCLN, VMC, ZU, EXPE, CCE, MOH, YRCW, WAGE, COLM, RCL,
WETF, TPX, WU, AEE, FE, PKI, TUC, AMGN, VLO, UHS, WDC, AEL, ALGT, EEFT, GILD,
JBLU, SHOP, SKX, X, SSNC, BWLD, PODD, SVU, NUVA, SCTY, ULTI, WYNN, CTRP, FISV,
SLCA, SPWR, NCLH, AMZN, P, MXIM,
JNPR, V, SBUX, LUV, QLIK, SNDK, TXN, UA, WHR, GM, VRSN, CHKP, FFIV, FTNT, LVS,
PKG, TMO, TSCO, VMW, ACE, APH, OC, BA, CHKP, IPG, CLI, CMG, LVS, MANH, TRV,
VMW, LAD, HOG, WWW, ZION, HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW,
EBAY, C, USB, DAL, BAC, WFC, JPM, NKE, AA
More than 10% - W, FSLR, HLF, NUS, NVDA, ZU, EXPE, CCE, MOH,
YRCW, WAGE, COLM, SHOP, SKX, X, SSYS, BWLD, SVU, P, FTNT, SNDK, GOOG, GOOGL,
HTZ, NFLX
Negative Reactions – BABA, AIG, ALL, AXTA, DIS,
ETSY, GMCR, GOGO, HABT, NCLH, JD, SEDG, TSLA, UBNT, Z, LNKD, FEYE, OCN, ESI, FB, MAR, SSYS,
TWTR, YNDX, YELP, BIDU, BIIB, TRIP, STT, AAL, FSL, KLAC, MCD, UNP, SAVE,
CELG, CA, CMCSA, ETFC, CAT, DOW, FCX, MMM, OSTK, IBM, KO, QCOM, AXP, AAPL,
IBKR, ILMN, XLNX, VZ, BEAV, BHI, LLTC, MSFT, YHOO, EXAS, STI, UNH, MAT,
KEY, YUM, FAST, CUDA, MU
More than -10% - ALL, ETSY, FIT, GMCR, HABT, SEDG, SUNE, LNKD, OCN, ESI, WFM, TWTR,
YELP, BIDU, BIIB, TRIP, GIMO, SCSS, BEAV, SWI, CUDA, MU
Reversal in progress –
LAD,
Reversal of Initial
Reaction – HTZ, HON,
GE, AA,
Short-term Chart Targets:
SPY = 211.45, 212.55...
QQQ = 113.17, 114.39…
IWM = 123.71, 125.09…
Support Levels
SPY = 206.80...
QQQ = 110.62, 109.78…
IWM = 121.01, 120.27...
The SPX Market Forecast is turned down at 48.
__________________
Setups
Horizontal Breakout: DAL, JNPR, MFRM, SUM, GIMO, AAL, COST, STX,
Diagonal Breakout: QQQ, BX,
SWKS, TASR, V, BBY, KKD,
Bull Flag: EA, PCLN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: JCP, YOKU, MYL, WYNN,
C- Pattern:
Moves
New Highs: TPX, W,
H Breakout:
D Breakout: GME,
Bull Flag Bounce: CCL,
NCLH, RCL, UA, MNST, NFLX,
MACD Divergence Bounce:
LOCO, TAN, VIAV, ILMN, YHOO,
Bounce: AXTA, BABA, BAC, C, CTRP, FAS, MS, NKE, STI, SUNE, SVXY, DAVE,
ESI, HABT, VSLR, TSLA,
Gap Up: GPRO, MNST, SBUX,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: ATI,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: W, SUNE, GPRO, TASR, CTRP, RPD, FIT,
BABA, ESI, LITE, VIAV, VSLR, DAVE, LOCO, GIMO, HABT
Lagging stocks < -2.0% included: SHAK, SEDG, NTES, P, UNG, YOKU, TWTR, JCP,
RUN, SPWR, XONE, JUNO, VJET, YELP, ANGI, UPL, GLN, GOGO, ATI, OCN, ZU, KNDI,
HPQ, YNDX, AA
34 of 100
NDX stocks closed higher on Thursday
Leading NDX 100 stocks included: MNST, YHOO, CSCO, ORLY, NFLX, TSLA, ADP, JD,
LBTYA, SBUX
Lagging NDX stocks included: GMCR, WYNN, MU, TRIP, KLAC, SNDK, MYL, INTC,
VIP, WDC
NDX Stocks to Watch on
Friday
Moving Above 30 DMA = 2
CSCO, MNST
Moving Below 30 DMA = 3
CHKP, INTC, NTAP
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
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