All nine sectors moved
higher on Wednesday…XLY, XLE, XLB
were the strongest sectors while XLP was the weakest sector.
Breadth strengthened as
advancers led decliners 3.06 to 1 on the NYSE and 2.61 to 1 on the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday – strengthened, decliners
led
Monday – weakened, decliners led
Friday – mixed,
decliners led
Thursday – mixed, decliners led
SPY up 3.51 at 191.63 on 163.4 million shares
VIX down 2.33 at 24.50…
TNX up .06 at 20.60…
TLT down .43 at 123.54…on
9.8 million shares
XLF up .34 at 22.66…on
39.8 million shares
AAPL up 1.24 at 109.06 on 73.2
million shares
FB up 3.23 at 89.90 on 36.1 million
shares
Technical Commentary:
DIA +1.49%, IWM +1.55%, SPY +1.87%, QQQ
+2.30%.
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 =...197.68…
QQQ = 105.61, 106.93…
IWM = 115.70, 116.42…
Support Levels
SPY = 190.56, 189.74...
QQQ = 102.27, 101.34…
IWM = 110.93, 109.11...
The SPX Market Forecast is pointed down at 18.
__________________
Setups
Horizontal Breakout: P, ASNA,
Diagonal Breakout:
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs:
H Breakout: INTC, TXN,
D Breakout:
Bull Flag Bounce: BBY,
CYBR, DAL, FIT, JBLU, NKE,
MACD Divergence Bounce:
IWM, AMBA, GPRO, SCHW,
Bounce: SPY, QQQ, DIA, AIG, BAC, BX, CCL, CRM, CRUS, ETFC,
EXPE, FSLR, GME, JCP, MBLY, NCLH, NTES, PANW, QIHU, RCL, RUN, SCTY, SINA, SPLK,
STI, SUM, SUNE, SWKS, TSL, UA, UBNT, V, W, YOKU, BABA, CAR, CSIQ, DAVE, DDD, EMC,
ESI, GIMO, GLNG, GOGO, HPQ, IBM, JASO, JNPR, LNKD, SLCA, SPWR, TAN, TWTR, UAL,
YY, AAPL, ADBE, AKAM, AMZN, AVGO, BRCM, CELG, CMCSA, COST, EA, FB, GILD, GOOGL,
GRMN, ILMN, JD, MAR, MSFT, MU, NFLX, NTAP, PCLN, QCOM, ROST, SBUX, SNDK, STX,
SWKS, WBA, XLNX, YHOO,
Gap Up: HOG, VRSN, GLW,
WDC,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: ADSK,
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday: SINA, SUNE, TSL, FIT, QIHU, RUN,
BX, SVXY, YOKU, GPRO, FSLR, MBLY, SCY, AMBA, UBNT, RCL, BYCR, FAS, SCHW, CRUS,
VRSN, SUM EXPE, BBY, HOG, ETFC, CCL, UA, NKE, W, PANW, JBLU, QQQ, NCLH, JCP,
TASR, DAVE, ESI, DGLY, SFUN, JASO, DDD, GLNG, TWTR, CSIQ, GIMO, EMC, TAN, SPWR,
HPQ, SLCA, GOGO, KWEB, CAR, YY, ZNGA, ASNA, KNDI, VSLR, VJET, JNPR, CIEN, XONE,
GLW, YELP, AA, MTW, JUNO
Lagging stocks < -2.0% included:
VXX, RPD, HABT, UNG, RAX
96 of 100
NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: WDC, SNKD, STX, JD, NFLX, AVGO, MAR, TXN, MU,
LRCX
Lagging NDX stocks included: GMCR, ADSK
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA =
11
ADBE, CMCSA, MSFT, SNDK, WDC, XLNX, TSLA, BRCM, AVGO, EA,
JD,
Moving Below 30 DMA = 0
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Neutral
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