Three sectors moved
higher on Thursday…XLU, XLE, XLP
were the strongest sectors while XLV was the weakest sector.
Breadth strengthened as
decliners led advancers 1.48 to 1 on
the NYSE and 1.22 to 1 on the NASDAQ.
Thursday – mixed, decliners led
Wednesday – strengthened, decliners
led
Tuesday – weakened, decliners led
Monday – mixed, mixed
Friday – weakened,
decliners led
SPY down .67 at 192.93 on 157.1 million shares, below average volume
VIX up 1.34 at 23.47…
TNX down .24 at 21.20…
TLT up .83 at 122.60…on
9.5 million shares
XLF down .16 at 22.48…on
41.4 million shares, below average volume
AAPL up .68 at 115.00 on 50
million shares
FB up .44 at 94.41 on 29 million
shares
Technical Commentary:
IWM -0.17%, SPY -0.35%, QQQ -0.36%, DIA
-0.44%.
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 down at 33.
__________________
Setups
Horizontal Breakout: CYBR, NCLH, NKE, RPD, COST, MNST,
Diagonal Breakout: GPRO,
MBLY, V, LITE,
Bull Flag: BBY, CRM, DAL, EXPE, FIT, RCL, SWKS, VRSN,
LNKD, SWI, AMZN, BRCM, EA, SWKS, XLNX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: AXTA, BABA, BX, FAS, SCHW, STI, SUNE, CIEN, CREE, EMC,
ESI, HPQ, RAX, UAL, VJET, QCOM, YHOO,
C- Pattern:
Moves
New Highs:
H Breakout: SBUX,
D Breakout:
Bull Flag Bounce: PANW,
UA, JUNO, GOOGL, JD, PCLN,
MACD Divergence Bounce:
AMBA, SOHU, UNG, STX,
Bounce: CTRP, ETSY, GME, SHAK, SINA, TASR, TSL, YOKU, CAR, IBM, AAPL, FB,
MU, NFLX,
Gap Up:
Gap Down: C,
C- Pattern:
Bear Flag:
Support Break: UBNT, YNDX,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: GPRO, TASR, VXX, CTRP, YOKU, ETSY,
X, GLD, AMBA, JUNO, ATI, CAR, SFUN, VIAV, OCN
Lagging stocks < -2.0% included:
UBNT, SUM SUNE, BX, SVXY, RCL, AXTA,
SCHW, FAS, SWKS, DGLY, ESI, GIMO, LOCO, FOGO, UAL RAX, HABT, YNDX, SWI, YELP
39 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: NFLX, JD, MU, SPLS, MNST, NVDA,STX, XLXN, SBUX,
CTXS
Lagging NDX stocks included: BMRN, CHTR, GILD, CELG, REGN, SBAC, AAL, ADI,
SWKS, WBA
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
XLNX, GMCR
Moving Below 30 DMA = 6
CERN, CMCSA, INTC, SIRI, VRSK, SWKS
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Down
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