Stocks Trade Lower...Investors Back To Potential Interest Rate Hike Concerns...DJIA Down Over 200 Points...

All nine sectors moved lower on Wednesday… XLB, XLI, XLY were the strongest sectors while XLE was the weakest sector…again.

Breadth weakened as decliners led advancers 3.07 to 1 on the NYSE and 2.25 to 1 on the NASDAQ.

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – Closed for Labor Day

Friday – weakened, decliners led

Thursday – weakened, advancers led

SPY down 2.64 at 194.79 on 148.8 million shares

VIX up 1.33 at 26.23…

TNX down .13 at 21.81…

TLT up .58 at 121.45…on 7.4 million shares

XLF down .32 at 22.91…on 35.3 million shares

AAPL down 2.16 at 110.15 on 84.8 million shares

FB up .91 at 90.44 on 32.5 million shares

Technical Commentary:

QQQ -1.12%, IWM -1.33%, SPY -1.34%, DIA -1.45%.

                                     

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 =...199.13…

QQQ = 105.61…

IWM = 115.70…

Support Levels

SPY = 190.73, 188.37...

QQQ = 100.49, 99.29…

IWM = 111.60, 109.42...

The SPX Market Forecast is turned up at 31.

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Setups

Horizontal Breakout: IWM, SPY, QQQ, BAC, BX, DAL, HOG, MS, NCLH, NKE, PANW, RCL, SHAK, STI, TSL, YOKU, ZION, ANGI, ATI, CIEN, CREE, DAVE, LNKD, MTW, SCSS, SPWR, SWI, VSLR, YELP, AAPL, AMZN, BRCM, INTC, LRCX, MAR, MSFT, NTAP, ROST, SWKS,

Diagonal Breakout: AXTA, C, CTRP, CYBR, NTES, SEDG, SINA, SPLK, V, W, DDD, DGLY, EMC, FEYE, KKD, ADSK, CELG, CMCSA, ESRX, FB, GOOGL, ILMN, MNST, MYL, TSLA,

Bull Flag: UBNT,   

Potential Bullish Divergence:

Gap Up: 

Gap Down: 

Bear Flag:

At Support: X,

C- Pattern: 

Moves

New Highs:  

H Breakout: XONE,  

D Breakout:  

Bull Flag Bounce: NFLX,

MACD Divergence Bounce:

Bounce: BABA, VXX,

Gap Up:  

Gap Down: 

C- Pattern:                                                          

Bear Flag:  

Support Break: AMBA, QIHU,   

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Watch List Stocks

Leading stocks > +2% on Wednesday: BABA, CTRP, VXX, LITE, XONE, YELP

                                                       

Lagging stocks < -2.0% included: GPRO, MBLY, SUNE, AMBA, SCTY, SHOP, YOKU, QIHU, FAS, SLCA, JCP, SPLK, FSLR, SUM, ETSY, CRM, SVXY, BX, TASR, UBNT, UA, UPL, GLNG, DDD, SSYS, KNDI, ATI, BBRY

11 of 100 NDX stocks closed higher on Wednesday and one was unchanged.

Leading NDX 100 stocks included: NFLX, JD, YHOO, BIDU, FB, STX, VIAB, AAL, ORLY, TSLA

Lagging NDX stocks included: SRCL, MNST, MU, ALXN, DISH, REGN, LRCX, VIP, XLNX, GRMN

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 13

BBBY, EXPD, LLTC, MU, SNDK, SPLS, SRCL, VRTX, XLNX, ADI, LMCA, NXPI, LRCX

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral