All sectors moved lower on Thursday…XLK,
XLY and XLU were the
strongest sectors while XLE was the weakest sector.
Breadth weakened as
decliners led advancers 4.43 to 1 on
the NYSE and 3.47 to 1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers
led on NYSE
Monday – weakened, decliners led
Friday – mixed, mixed
SPY down 2.90 at 204.84 on 121.2 million shares
VIX up 2.31
at 18.37…
TNX down .19 at 23.19…
TLT up .57 at 119.00…on
6.8 million shares
XLF down .37 at 24.12…on
54 million shares
AAPL down .39 at 115.72 on 32.5
million shares
FB down .99 at 108.02 on 20.9 million
shares
Technical Commentary:
IWM -1.91%, DIA -1.43%, SPY -1.40%, QQQ
–0.97%.
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 82.
Short-term Chart Targets:
SPY =...212.08…
QQQ = 114.11, 118.17…
IWM = 121.23…
Support Levels
SPY = 208.17
QQQ = 113.39
IWM = 115.42
__________________
Setups
Horizontal Breakout: YELP, ILMN,
Diagonal Breakout: EA,
Bull Flag: QQQ, BABA, C, CIEN, CSIQ, DAL, ETFC, FSLR, GLW, GME, RAX, SCHW, SINA, SLCA, SOHU, SPWR,
STI, SUM, TPX, UAL, ZION, AAPL, ADSK, EBAY, ESRX, LRCX, MSFT, YHOO,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: LC, MBLY,
C- Pattern:
Moves
New Highs:
H Breakout:
D Breakout:
Bull Flag Bounce:
MACD Divergence Bounce:
Bounce: PANW, SEDG, SFUN, VXX, JD,
Gap Up: NTES, ANGI,
Gap Down: IWM, SPY, AA, BAC, C, CCL, FAS, HPQ, MS, YNDX,
C- Pattern:
Bear Flag:
Support Break: AA, AIG, CRUS, FIT, PYPL, RUN, X, GILD, MYL,
______________________
14 of 100
NDX stocks closed higher on Thursday and one
was unchanged.
56
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
LVNTA
Moving Below 30 DMA = 11
ADP, ALXN, AMGN, GILD, MAT, MYL,
YHOO, ADI, MAR, AAL, BMRN
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Down
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