Stocks Mostly End Higher After Recovery From Lows...TWTR Loses 8.39%...MU Gaining In After Hours Trading...

Six sectors moved higher on Thursday and one was unchanged…XLB, XLV, XLY were the strongest sectors while XLU was the weakest sector.

Breadth weakened as decliners led advancers 1.03 to 1 on the NYSE and 1.37 to 1 on the NASDAQ where advancers led decliners.

Thursday – mixed, mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, decliners led

Monday – weakened, decliners led

Friday – mixed, decliners led

SPY up .50 at 192.13 on 130.7 million shares

VIX down 1.95 at 22.55…

TNX down .18 at 20.42…

TLT up .27 at 123.81…on 9 million shares

XLF up .01 at 22.67…on 39.4 million shares

AAPL down .72 at 109.58 on 63.8 million shares

FB up 1.05 at 90.95 on 29.2 million shares

Technical Commentary:

IWM -0.17%, DIA -0.08%, SPY +0.26%, QQQ +0.45%.

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 =...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 17.

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Setups

Horizontal Breakout: CRUS, GME, NKE, NTES, P, W, YOKU, JNPR, JD, SBUX,

Diagonal Breakout: IWM, QQQ, SPY, AIG, AMBA, BAC, BX, C, CCL, CRM, CTRP, CYBR, DAL, FAS, FIT, FSLR, HOG, JBLU, JCP, MBLY, RCL, SCHW, SOHU, STI, SVXY, TSL, UBNT, ULTA, V, DGLY, EMC, IBM, JASO, SCSS, VIAV, ADBE, AKAM, AVGO, BIDU, CMCSA, EBAY, GRMN, QCOM,

Bull Flag:  

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: LOCO, SSYS,  

C- Pattern: 

Moves

New Highs: 

H Breakout: EXPE, SINA, VRSN, OCN, MAR, NFLX,

D Breakout: CAR, MTW, SNDK,

Bull Flag Bounce:     

MACD Divergence Bounce: SONC,  

Bounce: PYPL, SUM, TPX, GIMO, WBA,

Gap Up:  

Gap Down:  

C- Pattern:    

Bear Flag:  

Support Break: ILMN,   

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Watch List Stocks

Leading stocks > +2% on Thursday: CRM, SUM, ETSY, MBLY, TPX, UBNT, W, UA, OCD, DGLY, KNDI, HABT, FEYE, GIMO, VIAV

                                                       

Lagging stocks < -2.0% included: SEDG, GPRO, P, LVS, NTES, RPD, TWTR, UPL, DAVE, ESI, DDD, X, AA, UNG, LOCO, YELP, SSYS, Z, GOGO, RAX, KKD, LITE, SLCA

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

Leading NDX 100 stocks included: VRSK, CELG, BMRN, CHTR, LMCA, VRTX, SNDK, MYL, MAR, NFLX

Lagging NDX stocks included: ILMN, MAT, VIP, STX, TSLA, FAST, WYNN, ADI, DISCA, VOD

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 12

AMZN, AVGO, CA, CHKP, CTSH, ORLY, SRCL, VRSK, MAR, EA, LVNTA, JD

Moving Below 30 DMA = 4

BRCM, ADI, TSLA, NXPI

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral