Six sectors moved higher on Thursday…XLU,
XLK and XLI were the
strongest sectors while XLV was the weakest sector.
Breadth weakened as advancers led decliners 1.07 to 1 on the NYSE and 1.24 to on
the NASDAQ where decliners led
advancers.
Thursday – weakened, mixed
Wednesday – strengthened, advancers
led
Tuesday – weakened, decliners led
Monday – strengthened, advancers led
Friday – strengthened, decliners led
SPY down .18 at 208.55 on 83.3 million shares
VIX up .14 at 16.99…
TNX down .21 at 22.48…
TLT up .80 at 120.82…on
6.6 million shares
XLF up .04 at 24.63…on
28.8 million shares
AAPL up 1.49 at 118.78 on 43.1
million shares
FB down 1.51 at 106.26 on 25.4 million
shares
Technical Commentary:
QQQ +0.07%, DIA -0.04%, SPY -0.09%, IWM
-0.42%.
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 MFC green line is pointed up at 64.
Short-term Chart Targets:
SPY =...209.49…
QQQ = 114.51…
IWM = 117.08, 118.34…
Support Levels
SPY = 204.88
QQQ = 111.21
IWM = 114.52
__________________
Setups
Horizontal Breakout: SPY, QQQ, BAC, C, CIEN, GLW, JBLU, JUNO, LNKD,
PANW, SCHW, SINA, SOHU, ADSK, AMZN, CMCSA, GOOGL, INTC, MSFT, TRIP, TXN, XLNX,
Diagonal Breakout: AIG,
AMBA, BABA, CRUS, HPQ, PYPL, SHOP, SLCA, TSL, UAL, AVGO, EA, GILD, MU, SBUX, TSLA,
WBA,
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CSIQ, RUN, SFUN,
C- Pattern:
Moves
New Highs: CRM, CTRP,
NTES, VRSN, ADBE, COST,
H Breakout: SEDG,
D Breakout: EXPE, NCLH,
Bull Flag Bounce: DAL,
MACD Divergence Bounce:
UA,
Bounce: CYBR, GME,
Gap Up: AA, CCL, ETFC,
KWEB, GMCR,
Gap Down: HABT,
C- Pattern:
Bear Flag:
Support Break:
______________________
43 of 100
NDX stocks closed higher on Thursday.
Six sectors moved higher on Thursday…XLU,
XLK and XLI were the
strongest sectors while XLV was the weakest sector.
Breadth weakened as advancers led decliners 1.07 to 1 on the NYSE and 1.24 to on
the NASDAQ where decliners led
advancers.
Thursday – weakened, mixed
Wednesday – strengthened, advancers
led
Tuesday – weakened, decliners led
Monday – strengthened, advancers led
Friday – strengthened, decliners led
SPY down .18 at 208.55 on 83.3 million shares
VIX up .14 at 16.99…
TNX down .21 at 22.48…
TLT up .80 at 120.82…on
6.6 million shares
XLF up .04 at 24.63…on
28.8 million shares
AAPL up 1.49 at 118.78 on 43.1
million shares
FB down 1.51 at 106.26 on 25.4 million
shares
Technical Commentary:
QQQ +0.07%, DIA -0.04%, SPY -0.09%, IWM
-0.42%.
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 MFC green line is pointed down at 64.
Short-term Chart Targets:
SPY =...209.49…
QQQ = 114.51…
IWM = 117.08, 118.34…
Support Levels
SPY = 204.88
QQQ = 111.21
IWM = 114.52
__________________
Setups
Horizontal Breakout: SPY, QQQ, BAC, C, CIEN, GLW, JBLU, JUNO, LNKD,
PANW, SCHW, SINA, SOHU, ADSK, AMZN, CMCSA, GOOGL, INTC, MSFT, TRIP, TXN, XLNX,
Diagonal Breakout: AIG,
AMBA, BABA, CRUS, HPQ, PYPL, SHOP, SLCA, TSL, UAL, AVGO, EA, GILD, MU, SBUX, TSLA,
WBA
At Support: CSIQ, RUN, SFUN
Moves
New Highs: CRM, CTRP,
NTES, VRSN, ADBE, COST,
H Breakout: SEDG,
D Breakout: EXPE, NCLH,
Bull Flag Bounce: DAL,
MACD Divergence Bounce:
UA,
Bounce: CYBR, GME,
Gap Up: AA, CCL, ETFC,
KWEB, GMCR,
Gap Down: HABT
______________________
43 of 100
NDX stocks closed higher on Thursday.
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Neutral
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