Wednesday, September 2, 2015

Stocks Bounce And Close Higher On Solid Gains...Private Sector Jobs Report Helps...190K Private Jobs Added...Many Stocks Set Up For Diagonal Breakouts...Dollar Strengthens...

All nine sectors moved higher on Wednesday… XLK, XLI, XLY were the strongest sectors while XLE was the weakest sector. 

Breadth strengthened as advancers led decliners 2.88 to 1 on the NYSE and 2.25 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday – weakened, decliners led
Friday – weakened, advancers led
Thursday – strengthened, advancers led


SPY up 3.64 at 195.41 on 159.7 million shares
VIX down 5.31 at 26.09…
TNX up .21 at 21.93…
TLT down 1.05 at 120.98…9.5 million shares
XLF up .31 at 22.98…42.6 million shares

AAPL up 4.62 at 112.34 on 61.8 million shares
FB up 2.66 at 89.89 on 27.1 million shares

Technical Commentary:
IWM +1.80%, DIA + 1.87%, SPY +1.90%, QQQ +2.82%.



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 =...200.00
QQQ = 106.47
IWM = 116.66, 117.50…

Support Levels
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29
IWM = 114.76, 111.79...


The SPX Market Forecast is turned up at 36.

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Setups
Horizontal Breakout: BBRY, BBY, VSLR,
Diagonal Breakout: AXTA, LVS, PANW, SUNE, ATI, CIEN, GLW, HABT, MTW, AKAM, MU, TRIP, WBA,
Bull Flag:  
Potential Bullish Divergence:  
Gap Up
Gap Down: 
Bear Flag:
At Support:  
C- Pattern

Moves
New Highs
H Breakout: DAL, GOGO,  
D Breakout:  
Bull Flag Bounce:
MACD Divergence Bounce: SVXY,
Bounce: IWM, SPY, QQQ,  AIG, BAC, C, CCL, CRM, CTRP, DAL, ETSY, EXPE, FAS, GME, HOG, MBLY, MS, NCLH, NKE, PYPL, RCL, SCTY, SHAK, SONC, SUM, SWKS, TASR, TPX, UA, UBNT, VRSN, ZION, CAR, GIMO, IBM, JUNO, KKD, LNKD, MFRM, RAX, TWTR, Z, AAL, AAPL, ADBE, AMZN, AVGO, BIDU, BRCM, CELG, COST, EA, ESRX, FB, GILD, GOOGL, ILMN, INTC, LRCX, MAR, MSFT, PCLN, QCOM, ROST, SBUX, SWKS, TSLA, TXN,
Gap Up:    
Gap Down: AMBA, GPRO, DGLY,
C- Pattern:                                                          
Bear Flag:  
Support Break: UNG,


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Watch List Stocks
Leading stocks > +2% on Wednesday: SVXY, SCTY, TASR, DAL, FAS, PYPL, TSL, CCL, RCL, SWKS, QIHU, SUM, QQQ, X, EXPE,  RPD, UA, NCLH, UBNT, VRSN, SEDG, TPX, HOG, FIT, BAC, ETSY, CRM, MS
                                                       
Lagging stocks < -2.0% included: VXX, AMBA, GPRO, SLCA, RUN  

95 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: AAL, CHRW, REGN, AAPL, BIIB, VRTX, AVGO, EXPD, TSLA, NXPI

Lagging NDX stocks included: DLTR, STX

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 8
AAL, ALTR, AVGO, BRCM, CHRW, INTC, MAT, SPLS

Moving Below 30 DMA = 9
STX


6-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Down/Neutral






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