Stocks Fail To Hold Onto Gains...End Slightly Lower...Consolidation...

Five sectors moved higher on Thursday…XLE, XLV and XLY were the strongest sectors while XLU was the weakest sector.

Breadth weakened on the NYSE as decliners led advancers 1.55 to 1 on the NYSE and 1.89 to 1 on the NASDAQ.

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened on the NYSE, advancers led

SPY down .12 at 208.83 on 90.4 million shares

VIX up .28 at 14.61…

TNX up .81 at 21.73…

TLT down 1.97 at 121.86…on 12.1 million shares

XLF down .03 at 24.43…on 39.3 million shares

AAPL up 1.26 at 120.53 on 51.1 million shares

FB up .68 at 104.88 on 20.2 million shares

Technical Commentary:

IWM -1.07%, DIA -0.17%, QQQ -0.16%, SPY -0.06%.

Short-term Chart Targets:

SPY =...204.15, 205.38…

QQQ = 108.46, 109.03…

IWM = 116.30, 118.55…

Support Levels

SPY = 201.92, 198.94...

QQQ = 105.49…

IWM = 112.66...

The SPX Market Forecast is at 97.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Earnings this Week:

Monday – BRCM, CHKP, GLW, PBR, SOHU, SWI

Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,

Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,

Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, MGM, SCTY, TPX, VA, WWE

Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX,

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Setups

Horizontal Breakout: IWM, AIG, BX, CRM, FSLR, JBL, LVS, MPEL, MS, NKE, RPD, SCHW, SVXY, ULTA, W, SLCA, CMCSA, ESRX,

Diagonal Breakout: AA, BBY, MBLY, PANW, SUM, SUNE, TASR, TPX, X, HABT, LOCO, SHAK, TAN,

Bull Flag: CTRP, DAL, EXPE, RCL, AXTA, UAL, INTC, MSFT, TRIP, TXN, XLNX,

Potential Bullish Divergence: 

Gap Up: 

Gap Down:

Bear Flag:

At Support:  

C- Pattern:  

Moves

New Highs: CCL, AMZN, FB, GOOGL, PCLN,    

H Breakout: ZION,     

D Breakout: VSLR,    

Bull Flag Bounce:    

MACD Divergence Bounce:       

Bounce: HOG,  

Gap Up: SPWR, WYNN,     

Gap Down: GPRO,    

C- Pattern:    

Bear Flag:  

Support Break: SWKS,

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39 of 100 NDX stocks closed higher on Thursday and one was unchanged.

77 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 1

CHTR

Moving Below 30 DMA = 4

AVGO, BRCM, MU, NXPI

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral/Down