Stocks Close Slightly Lower After FED Opts To Leave Interest Rates Unchanged...

Three sectors moved up…one was unchanged…and five moved down on Thursday…XLU, XLV, XLY were the strongest sectors while XLF was the weakest sector.

Breadth weakened as advancers led decliners 1.55 to 1 on the NYSE and 1.23 to 1 on the NASDAQ.

Thursday – weakened, advancers led

Wednesday – mixed, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – weakened slightly, advancers led

SPY down .45 at 199.73 on 275.9 million shares, above average volume

VIX down .21 at 21.14…

TNX down .86 at 22.17…

TLT up 1.45 at 120.25…on 19.8 million shares

XLF down .33 at 23.22…on 61.1 million shares

AAPL down 2.49 at 113.92 on 64 million shares

FB up .89 at 94.34 on 27.8 million shares

Technical Commentary:

DIA -0.42%, SPY -0.22%, QQQ +0.04%, IWM +0.34%.

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 =...199.84…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 194.25, 192.59...

QQQ = 103.59, 100.63…

IWM = 113.66, 111.60...

The SPX Market Forecast is pointed up at 44.

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Setups

Horizontal Breakout: BX, CCL, DAL, HOG, JCP, LVS, NCLH, NKE, NTES, PANW, SCTY, SHAK, SWKS, TASR, TPX, VRSN, YOKU, CAR, EMC, GIMO, IBM, JASO, JNPR, JUNO, SFUN, SPWR, SWI, VSLR, XONE, YELP, BIDU, ESRX, FB, GOOGL, SBUX, WFM, XLNX,

Diagonal Breakout: IWM, QQQ, CRM, ETFC, MBLY, SOHU, W, X, CIEN, DAVE, KNDI,

Bull Flag: AVGO,    

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs: UA,    

H Breakout: ETSY, EXPE, FIT, MS, P, RPD, SUM, AA, CSIQ, TWTR, AMZN, CELG, CMCSA, JD,

D Breakout: MNST,  

Bull Flag Bounce:  

MACD Divergence Bounce: SONC, SCSS,  

Bounce: AXTA, CYBR, DGLY, FEYE, GOGO,

Gap Up: SHOP, ROST,   

Gap Down:  

C- Pattern:                                                          

Bear Flag:  

Support Break: BAC, SCHW, STI, UBNT, STX,

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Watch List Stocks

Leading stocks > +2% on Thursday: ETSY, FIT, RPD, SHAK, AMBA, SONC, EXPE, BX, CYBR, TPX, AXTA, UAL, LC, CSIQ, DGLY, ESI, JUNO, GOGO, SCSS

                                                       

Lagging stocks < -2.0% included: SCHW, ZION, BAC, CTRP, FAS, SEDG, ETFC, TBT, STI, YOKU, LVS, NTES, MTW, OCN, HABT, HPQ, XONE, CREE, RAX, VJET

45 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: DISH, JD, BMRN, CHTR, ILMN, AMZN, AAL, LBTYA, REGN, AMGN

Lagging NDX stocks included: GMCR, WYNN, INTU, KLAC, LRCX, STX, BIDU, AAPL, SNDK, EBAY

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

CELG, ISRG, REGN, VIP, BMRN

Moving Below 30 DMA = 4

AMAT, EXPD, MU, TXN,

6-month Intermediate Term Market Trend: Down