Only one sector moved higher
on Thursday…XLU, XLV and XLP were the strongest sectors while XLE was the weakest sector.
Breadth
weakened as decliners led advancers 1.88 to 1 on
the NYSE and 1.68 to 1 on the NASDAQ.
Thursday-
weakened, decliners led
Wednesday
– strengthened, advancers led
Tuesday – strengthened,
advancers led
Monday
– strengthened, decliners led
Friday
– weakened, decliners led
SPY down 1.52 at
204.86 on 170.9 million shares
VIX
up 1.08 at
18.94…
TNX down .49 at 22.38…
TLT up 1.37 at 122.55…on 9.9 million shares
XLF down .35 at 24.09…on
57.2 million shares
AAPL down
2.36 at 108.98 on 44.6 million shares
FB down .57 at 106.22 on 21.5 million
shares
Technical Commentary:
SPY -1.52%, QQQ -1.46%, DIA
-1.43%, IWM -1.07%.
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 turned up at
34.
Short-term Chart Targets:
SPY =...209.73…
QQQ = 115.29…
IWM = 116.17…
Support Levels
SPY
= 204.80
QQQ
= 112.17
IWM
= 112.83
__________________
Setups
Horizontal Breakout: BABA,
ETFC, KWEB, SFUN, AMZN, EA, FB, GOOGL,
ILMN, LRCX, TSLA,
Diagonal Breakout: AA,
AMBA, JNPR, NKE, GILD
At Support: JBLU, LC, MFRM, SLCA, VRSN
Moves
New Highs: RUN,
H Breakout: SOHU, STI,
D Breakout: SCTY (long term)
Bounce: CIEN
Support Break: HPQ,
______________________
Only 4 of 100 NDX stocks closed higher
on Thursday.
40 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving
Above 30 DMA
= 0
Moving Below 30 DMA = 15
ADP, AMAT,
CHKP, COST, FAST, INTU, KHC, MNST, PAYX, PYPL, REGN, SNDK, TXN, WYNN, YHOO
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Down
No comments:
Post a Comment