Friday, December 4, 2015

Jobs Report Better Than Expected, Stocks Rally, AVGO, NFLX, MSFT, NVDA, ROST, NTES, SCHW Make New Highs...

Eight sectors moved higher on FridayXLF, XLK and XLV were the strongest sectors while XLE was the weakest sector

Breadth strengthened as advancers led decliners 1.91 to 1 on the NYSE and 1.87 to on the NASDAQ.

Friday – strengthened, advancers led
Thursday – weakened, decliners led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
Monday – weakened, advancers led on NYSE

SPY up 4.01 at 209.62 on 192.9 million shares
VIX down 3.30 at 14.81…
TNX down .55 at 22.75…
TLT up 1.05 at 120.58…on 11.8 million shares
XLF up .64 at 24.78…on 42.6 million shares

AAPL up 3.83 at 119.03 on 57.7 million shares
FB up 1.80 at 106.18 on 21.2 million shares

Technical Commentary:
IWM +1.01%, SPY +1.95%, QQQ +2.34%, DIA +2.05%.

The SPX recovered most of Wednesday’s and Thursday’s selloff on Friday following Friday’s Employment report showing that 211K jobs were created versus an estimate of 190K while the employment rate remained at 5%.

SPY, QQQ, XLB, XLF, XLK and XLY are HBO setups and IWM and XLI are bull flag setups.

Stocks making new highs on Friday:  AVGO, NVDA, ADSK, JD, MSFT, NFLX, ROST, NTES, SCHW, VRSN

Setups for Monday:
Bull Flags INTC, NXPI, XLNX, BIDU, AMZN, GOOGL, ILMN, TSLA, YHOO, AA, JUNO, NKE, SLCA, YELP, YNDX
Breakouts SWKS, TXN, AAPL, ADBE, ATVI, EBAY, ROST, AIG, C, CRM, CSIQ, ETFC, FSLR, JBL, MS, PANW, STI
Diagonal Breakouts – FB, BAC, PYPL

Looking for a 30 DMA Green Arrow entry?  Check out Friday's NDX moving above list below.

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 down at 64. 

Short-term Chart Targets:
SPY =...211.66
QQQ = 115.47
IWM = 120.99, 123.07…
                   
Support Levels
SPY = 208.56, 207.41
QQQ = 113.65, 112.84
IWM = 118.90, 116.56

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Setups
Horizontal Breakout: NCLH, TRIP,   
Diagonal Breakout:  FB, BAC, PYPL
Bull Flag: JUNO, RAX, SLCA, YELP, BIDU


Moves
New Highs: JBL, NTES, ULTA, VRSN, ADSK, COST, NFLX, NVDA,   
H Breakout: AIG, DAL, PLAY, SCHW, STI, SWKS, TXN,   
D Breakout: EXPE, PLAY, PYPL, AAPL, EA,
Bull Flag Bounce: IWM, QQQ, SPY, BAC, CIEN, CRM, ETFC, MS, NKE, V, ADBE, AMZN, ATVI, EBAY, ILMN, INTC, LLTC, LRCX, MNST, MSFT, TSLA, XLNX,
MACD Divergence Bounce: PYPL, CMCSA, GILD, ORLY, SBUX,  
Bounce: AA, BABA, C, CCL, CSIQ, FAS, JNPR, PANW, RCL, SINA, SOHU, SVXY, TPX, UA, ZION, AAPL, FB, GILD, GOOGL, JD, ROST,  
Gap Up: ULTA
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94 of 100 NDX stocks closed higher on Friday.

52 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 17
AAL, AAPL, ADBE, ADP, ALXN, AMGN, DISCA, EBAY, ESRX, FAST, FB, INTU, LLTC, LRCX, PAYX, VRTX, WBA

Moving Below 30 DMA = 0


6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Neutral

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