Stocks Pull Back...TSLA Finishes Up 11.17%...FB Reports Earnings & Rises In After Hours Trading...

Two sectors moved higher on Wednesday…XLU, XLK and XLI were the strongest sectors while XLE was the weakest sector. 

Breadth weakened as decliners led advancers 1.51 to 1 on the NYSE and 1.02 to 1 on the NASDAQ.

Wednesday – weakened, decliners led

Tuesday – weakened, advancers led

Monday – strengthened, advancers led

Friday – mixed, mixed

Thursday – weakened, decliners led

SPY down .64 at 210.36 on 95.6 million shares

VIX up .97 at 15.51…

TNX up .10 at 22.30…

TLT up .14 at 121.09…on 5.9 million shares

XLF down .07 at 24.38…on 32.5 million shares

AAPL down .57 at 122.00 on 44.7 million shares

FB up 1.36 at 103.94 on 40.2 million shares

Technical Commentary:

SPY -0.30%, DIA -0.23%, IWM -0.05%, QQQ +0.01%.

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 96.

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

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Setups

Horizontal Breakout: BX, CIEN, FAS, GME, LC, MS, NKE, NTES, PYPL, STI, V, W, BBRY, CREE, JASO, SHAK, SPLK, SPWR, ESRX, INTC, QCOM, WYNN,

Diagonal Breakout: MBLY, SUNE, FL, GLNG, HABT, YELP, AVGO, BIDU (long term), BRCM, SWKS,

Bull Flag: CCL, EXPE, JBLU, ULTA, ZION, ANGI, UAL, SBUX,

Potential Bullish Divergence: 

Gap Up:

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs: ADBE, AMZN, GOOGL,

H Breakout: BABA (long term), SFUN, TPX, VJET, ZNGA, EBAY, MSFT,  

D Breakout: CYBR, FSLR (long term), SUM, VXX, KNDI (long term), GRMN, NFLX,

Bull Flag Bounce: FB,  

MACD Divergence Bounce: 

Bounce: RCL, DDD, EA,

Gap Up: TSLA,

Gap Down: X,    

C- Pattern:    

Bear Flag:  

Support Break: AIG, DAVE, ETSY,

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44 of 100 NDX stocks closed higher on Wednesday and one was unchanged.

84 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

TSLA, ILMN

Moving Below 30 DMA = 3

CERN, EXPD, GMCR

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Up