SPY, QQQ, IWM End Quarter with A Monthly New High Close...

Eight of ten sectors moved higher on Friday …XLF, XLE and XLV were the strongest sectors while XLU was the weakest sector.  Oil futures rose .33 to close at 48.05.

For the week ended September 30 all six of ten sectors moved higher,

XLE +4.39%, XLI +1.14%, XLB +0.93%, XLK +0.61%, XLY +0.46%,

SPY +0.14%,

Lagging sectors XLP -0.24%, XLF -0.41%, XLV -1.37%, XLRE -1.65%, XLU -3.83%,

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XLE Leaders: RIG, HP, MUR, HES, DO, DVN, CXO, MRO, COP, XEC, NOV, NBL, FTI, EOG, HAL

XLI Leaders:  CAT, PWR, CMI, DOV, ROK, IR, EMR, PNR, FLS

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XLF turned negative YTD this week and there is now one negative sector YTD.

YTD 189

Leading Sectors: XLE +17.06%, XLU +13.19%, XLK +11.56%, XLI +10.13%, XLB +9.97%,

SPY +6.10%,

Lagging Sectors: XLP +5.39%, XLRE +4.23%, XLY +2.4%, XLV +0.11%, XLF -0.26%,

Breadth strengthened as advancers led 2,153 to 895 on the NYSE and led 2,056 to 765 on the NASDAQ.

Friday – strengthened, advancers led, +8

Thursday – weakened, decliners led, +0

Wednesday – strengthened, advancers led, +8

Tuesday – strengthened, advancers led, +7

Monday – strengthened, advancers led, +1

SPY up 1.62 at 216.30 on 117.2 million shares, 23% above average volume

VIX down .73 at 13.29

TLT down 1.24 at 137.51…on 11.7 million shares, 46% above average volume

Technical Commentary:

IWM +1.10%, DIA +0.86%, SPY +0.75%, QQQ +0.75%,

SPY, QQQ and IWM each finished the September quarter with a monthly new high close.  SPY finished just one cent higher than its August close at 216.29.

The NDX rose +37.40 lead by strength in AAPL, AMZN, COST, INTC, NXPI, BIIB, CSCO, GILD, MSFT, QCOM, WBA, CELG, MDLZ, KHC, AMGN and SBUX.

NXPI and QCOM gapped up this week on potential buyout news.

TPX and CTSH gapped down this week on corporate developments.

YTD Leading Index ETFs:

                    (click image to enlarge)

YTD Leading Sector ETFs:

                    (click image to enlarge)

YTD Leading NYSE stocks:

                    (click image to enlarge)

YTD Leading Nasdaq stocks:

                    (click image to enlarge)

YTD Leading DJIA stocks:

                    (click image to enlarge)

EPS Positive Reactions

COST, RHT, FDX, ADBE

EPS Negative Reactions

PAYX, CCL

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: TWTR, MA, ATVI, NTES, URBN, DVA, FOSL, GILD, TWLO, BIDU, X, STLD, BABA, CHTR, REGN, AKS, LMCA, AAPL,

Bull Flag Bounces include: SWKS, AMAT, BAC, UAL, IWM, LVS,

Horizontal Breakout Setups include: ETFC, QQQ, ADSK, ZION, NUE, ATI, WRK, CCL, NCLH, RCL, SCHW, PYPL, MU, INTC, NTAP, TXN, ROST, CAVM, ULTA, FL, JD, FB, BURL, SINA, JPM, WMB, SE, STT, PCLN, GT, RL, SYMC

Horizontal Breakout include: CSX, ISRG, RL, SCHN, CTRP,

New Highs include: AMZN, NVDA, QCOM, NXPI, ISRG, STX, LITE, CSX, WDC, EA, APA, ISRG, 

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Short-term Movers for the week:

SPX gainers:  RIG, HP, MUR, HES, DO, DVN, CXO, MRO, COP, XEC, NOV, NBL, CA, FTI, CAN, EOG, CAT, CF, CBS, HAL, PWR, FSLR, APC, APA, CMI, ALB, DOV, PXD, OKE, ROK, KMI, IR, EMR, PNR, JCI, OXY, XOM, FLS, +4, 52

SPX losers:  MNK, FOSL, KORS,LEG, LB, ETR, SIG, AGN, CHK, PRGO, SLG, WEC, AEE, TSO, VLO, PCG, WYNN, BMY, NKE, LNT XEL, EIX, PEG, EXC, ED, PNW, PM, CMS, HST, SO, FE, GP, MPC, -4, 39

NDX gainers:  NXPI, QCOM, VIAB, EXPE, INCY, STX, NDA, WDC, DISCK, +4, 9

NDX losers:  ENDP, CTSH, MYL, MAT, BIDU, BMRN, AMGN, CELG, -4, 8,

YTD: 189

SPX Leaders:  CHD, NEM, OKE, SWN, SE, FCX, RRC, KMI, EW, ALB, (339, +8 > 10p 230, +2)

SPX Losers:  CF, FSLR, SIG, PRGO, HRB, KR, GCI, AGN, LB, RCL

NDX Leaders:  NVDA, AMAT, CHTR, LLTC, QCOM, NTAP, NTES, ISRG, YHOO, ULTA, (63, +6, >10p 39, -1)

NDX Losers:  ENDP, ALXN, NCLH, SRCL, VRTX, MYL, LMCA, QVCA, REGN, TRIP

DJI Leaders:  CAT, UNH, MRK, WMT, MMM, CSCO, IBM, JNJ, CVX, PG, (21, +0, >10p 12, +2)

DJI Losers:  NKE, DIS, GS, BA, AXP, GE, HD, MCD, KO

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 58, bullish. 

83 of 100 NDX stocks closed higher on Friday.

61 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 16

AAL, AMAT, BIIB, FOXA, GILD, HSIC, JD, KHC, MSFT, MXIM, NFLX, NTAP, PCAR, SIRI, SWKS, XLNX

Moving Below 30 DMA = 2

BIDU, REGN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral