DIA, QQQ New High as SPY, IWM Pause...TSLA Gains After-hours...

Technical Commentary

DIA, QQQ = New all-time High

Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE

Sideways:

Down Trend: XLE

Breadth weakened as decliners led 1,653 to 1,313 on the NYSE and led 1,674 to 1,097 on the NASDAQ.

Wednesday – weakened, decliners led, +5 sectors

Tuesday – strengthened, advancers led, +10

Monday – George Washington’s Birthday

Friday – strengthened, advancers led on the Nasdaq, +8

Thursday – weakened, decliners led, +5

DIA +0.18%, QQQ +0.04%, SPY -0.09%, IWM -0.44%,

SPY down -.21 at 236.28 on 62.1 million shares, 14% below average volume,

VIX up .17 at 11.74

TLT up .20 at 120.31…on 8.1 million shares, 13% below average volume

Oil futures were down .36 to close at 53.87 on Wednesday.  

The SPY MFC green line is pointed up at 97 bullish. 

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 2 points at 2,362.

SPX  gainers GRMN, DOW, DD, VFC, AET, FB, NWL, NKE, SPLS, SO, SCG, MMM, HBI, ES, PH, FISV, ADP, CME, SNI, RHT, HCN, YHOO, BMY, DUK, EPE, FMC, WU, FTR, NFLX

QQQ closes up 5 cents at 130.50, a new all-time closing high.

   

NDX point leaders: FB, AAPL, NTES, NCLH, GOOGL, ADP, AVGO, NFLX, QCOM and YHOO

35 of 100 NDX stocks closed higher and three were unchanged on Wednesday.

86 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 2

ADP, EXPE

Moving Below 30 DMA = 4

AAL, FOXA, INTC, VRSK

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: GDXJ,

NTES, ATVI, PCAR, MAR, SYMC, STX, CMCSA, EA, CHKP, WDC,

RCL, ETFC, DE, STLD, SODA, WFC, NRG, HBAN, STI, NTAP, CFG,

One Day Pullback: VALE, X, NVDA, INTC, IWM, ADSK,

Bull Flag Bounces include: NTES, DD, FB, YHOO, IBM, CLF, WFC, (7)

Horizontal Breakout Setups include: AMD, TSLA, LRCX, GS, JD, FLEX, MS, MXIM, MU, TXN, TMUS, GM, VIAB, BABA, DIS, CAT, HIG, CSX, GOOGL, UPS, XLB, FAST, PCLN, NUE, MT, ROST, MSFT, MCHP,

Horizontal Breakouts include: XLY, TXN,

New Highs include: KLAC, BA, WIX, AVGO, GD, MCD, SHOP, DIA, QQQ, SPY, XLK, XLP, XLI, FAS, SOXL, BAC, PG, AAPL, JPM, AXP, EBAY, LUV, FLEX, USB, GLW, MMM, SWKS, ADBE, WB, AMZN, AMAT, SOXL, CC, SRCL, ADI, COST,

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Earnings

After-hours reports

TSLS +6.19, +2.26%

2016 Q4 EPS

EPS Positive Reactions

NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions

MDLZ, KHC, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB, QRVO, PBI, D, ADP, UAA, UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS, QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS, VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE, NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE

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