Three sectors moved higher on Thursday…XLF,
XLY and XLI were the
strongest sectors while XLU was the weakest sector.
Breadth strengthened slightly as decliners led advancers 1.05 to 1 on
the NYSE and 1.16 to 1 on the NASDAQ where it weakened.
Thursday – mixed, decliners led
Wednesday – weakened, decliners led
Tuesday – weakened, advancers led
Monday – strengthened, advancers led
Friday – mixed, mixed
SPY down .21 at 210.15 on 78 million shares
VIX down .46 at 15.05…
TNX up .15 at 22.45…
TLT down .32 at 120.77…on
7.2 million shares
XLF up .10 at 24.48…on
36.7 million shares
AAPL down .56 at 120.92 on 39.4
million shares
FB up 4.82 at 108.76 on 63.1
million shares
Technical Commentary:
QQQ -0.27%, SPY -0.10%, DIA -0.01%, IWM
+0.08%.
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
The SPX Market Forecast is at 95.
Short-term Chart Targets:
SPY =...209.59, 211.05…
QQQ = 114.11, 118.17…
IWM = 117.14, 118.55…
Support Levels
SPY = 205.79
QQQ = 112.27
IWM = 113.10
Earnings this Week:
Monday – AIG, ZU
Tuesday – ATVI, AFSI, ADM, CBS, CHK, DVA, DISCA, EXPD, HLF, K, MBLY, NCLH, PZZA, PAYC, TASR, X, VMC
Wednesday – FB, CTSH, DDD, CDW, EPAM, ETSY, FEYE, HABT, LMCA, LVNTA, MRO,
MSI, SHOP, SUNE,
Thursday – MNST, NVDA, TRIP, ACAD, APA, CYBR, DWA, GLOB, LBTYA
Friday – CI, HUM, VIP
__________________
Setups
Horizontal Breakout: C, CRM, CRUS, ETFC, FAS, GME, MS, NKE, RCL,
SCHW, CREE, YY, ESRX, GRMN, NFLX, TRIP, WYNN, YHOO,
Diagonal Breakout: JBLU, UA,
UBNT, FL, SWKS,
Bull Flag: IWM, SPY, CIEN, DAL, HPQ, JBL, JNPR, JUNO,
LC, LVS, MPEL, PLAY, PYPL, SONC, SVXY, ULTA, W, ANGI, BBRY, GIMO, JASO, LOCO,
MTW, SLCA, XONE, YNDX, AAPL, CMCSA, CMCSA, COST, JD, SBUX, XLNX,
Moves
New Highs: CTRP, TPX,
V, AMZN, FB, GOOGL,
H Breakout: SUM, ZION,
SHAK, YELP, ZNGA,
D Breakout: SCSS,
Bull Flag Bounce: AIG,
CCL
Bounce: BAC, BBY, NCLH, P,
Gap Up: SEDG, GOGO, GOGO,
HABT, SCSS, FB,
Gap Down: PANW, X, CELG
Support Break: Z, WFM
______________________
80
NDX stocks are above their 30 DMA.
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market Trend:
Up
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