Thursday, September 3, 2015

Stocks Gain Ground Early Only To Fizzle In Late Trading As Volatility Continues To Make A Presence...

Eight sectors moved higher on Thursday… XLP, XLB, XLF were the strongest sectors while XLV was the weakest sector. 

Breadth weakened as advancers led decliners 1.83 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.

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


SPY up .14 at 195.55 on 152 million shares
VIX down .48 at 25.61…
TNX down .25 at 21.68…
TLT up .59 at 121.57…7 million shares
XLF up .13 at 23.11…48.9 million shares

AAPL down 1.97 at 110.37 on 53.1 million shares
FB down 1.74 at 88.15 on 26.9 million shares

Technical Commentary:
DIA +0.13%, SPY +0.07%, IWM -0.16%, QQQ -0.49%.



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 down at 33.

__________________


Setups
Horizontal Breakout: FSLR, HOG, P, RCL, SCTY, SUM, TASR, AA, ASNA, CAR, GLW, OCN, RAX, TAN, TWTR, ESRX, INTC, MSFT,
Diagonal Breakout: AXTA, BABA, BAC, C, CRM, ETFC, ETSY, EXPE, NCLH, NKE, PANW, SCHW, SINA, SONC, SWKS, V, ZION, HABT, SPWR, VSLR, AAPL, AVGO, BIDU, BRCM, CMCSA, EA, GOOGL, LRCX, MAR, SBUX, SWKS, TSLA,  
Bull Flag: 
Potential Bullish Divergence: 
Gap Up
Gap Down: 
Bear Flag:
At Support: AMBA, MYL,
C- Pattern

Moves
New Highs
H Breakout: JCP (long term), SEDG, UBNT, CIEN, AKAM,
D Breakout: TPX, GLNG, WBA,  
Bull Flag Bounce:
MACD Divergence Bounce: UNG,   
Bounce: AIG, BX, LVS, SHOP, SPLK, DAVE, WYNN, YHOO,
Gap Up: IBM,    
Gap Down
C- Pattern:                                                          
Bear Flag:  
Support Break: 


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Watch List Stocks
Leading stocks > +2% on Thursday: SUNE, SEDG, P, LVS, JCP, UNG, SLCA, BX
                                                       
Lagging stocks < -2.0% included: AMBA, GPRO, MBLY, CYBR, W, X, ETSY, DAL

59 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: VIAB, AKAM, YHOO, MDLZ, WYNN, MU, CHTR, EA, INTC, GMCR

Lagging NDX stocks included: NFLX, MYL, SPLS, GILD, BMRN, AMGN, REGN, FB, VRTX, JD

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6
AKAM, SRCL, WDC, LMCA, CHTR, LVNTA

Moving Below 30 DMA = 3
ALTR, SPLS, AAL


6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral

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