Indexes Pause on Friday with New Highs in Q1 2017...QQQ, XLK, NRG, VRTX, AAPL Leaders YTD...

Setups to Watch for Monday

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Technical Commentary

March is over and 2017 Q1 is in the record books.  Here’s the bottom line YTD.

YTD Leaders since Dec 30, 2016

QQQ = 11.73%

SPY = 5.46%

DIA = 4.47%

IWM = 1.95%

VIX -1.67 points

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Sectors = XLK, XLY, XLV XLU, XLP

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SPX = NRG, WYNN, IDXX, QRVO, SYMC, HAS, AMD, PHM, XRX, ADBE

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NDX = VRTX, ATVI, INCY, ILMN, VIAB, NTES, MU, SWKS, TSLA, CSX

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DJIA = APPL, V, BA, CSCO, NKE, HD, DD, DIS, JNJ, MRK

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The intermediate and long-term trends are still up.

IWM +0.16%, QQQ -0.07%, SPY -0.23%, DIA -0.30%,

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Up Trend: XLY, XLK, XLU, XLV

Sideways: XLB, XLF, XLRE, XLI, XLP,

Down Trend: XLE

Breadth weakened as advancers led 1,771 to 1,216 on the NYSE and led 1,550 to 1,297 on the NASDAQ.

Friday –weakened, advancers led, +3 sectors

Thursday – weakened slightly, advancers led, +7

Wednesday – weakened slightly, advancers led, +7

Tuesday – strengthened, advancers led, +9

Monday – strengthened, advancers led, +2

SPY down .55 at 235.74 on 73.7 million shares, 9% below average volume,

VIX up .83 at 12.37

TLT up .35 at 120.71…on 5.1 million shares 34% below average volume

Oil futures were up .52 to close at 50.85 on Friday.

The SPY MFC green line is pointed up at 52, bullish with the SPY remaining above short-term support/resistance at 234.72.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX down 5 points at 2,363.

SPX gainers FMC, AMD, MLM, COG, AA, VMC, PXD, DNB, SRCL, NRG, BSX, RRC, MSI, VFC, CHK, WFM, KMI, FE, FOSL, SLG, PLD, CBOE HRL SPG, BBY, MUR, GGP, SPGI, O, DRI, PEG, AWK, FTI, KR, SWN

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QQQ closes down .09 at 132.38.

   

NDX percentage gainers: VRTX, BIIB, DISCA, SBAC, AMZN, ENDP, INTC, MAT

 

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38 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 = 2

MAT, QCOM

Moving Below 30 DMA = 4

INCY, ORLY, SIRI, STX

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: WYNN, XLU, AMAT, CCL, TLT, RCL, FISV, MXIM, HD, JNJ, CLX, UNH, MNST, GDXJ, TXN, EBAY, CERN,

Bull Flag Bounces include: WIX, (1)

One Day Pullback: WDC, ATVI, HUN, PCLN, BABA SPY,  

MACD Histogram Bullish Divergence: IBM, PANW,

Horizontal Breakout Setups include: QQQ, AMD, NFLX, IYR, ADBE, LVS, MCD, LRCX, TSLA, CBOE, MOMO, NRG, CTRP, MU, DIA, XLE, NVDA, FLEX, SOXL, INTC, SYMC, UAL, X, STX, MMM, ROST, BA, EA, AVGO, AAL, LUV, CSX, YHOO, HOLX, KLAC, PYPL, CMCSA, DAL, HAS, ADI, CF, AA, GS, CTSH,

Horizontal Breakouts include: DIS, LNG, ULTA, RF, ZION, STI, NXPI, CHK, SWN,

New Highs include: QQQ, XLY, CC, AMZN, VIAB, MSFT, FB, AAPL, MAR,

At Support Setups include: SWKS, ALK, EXPE, NTES, ADP, V, PAYX

Support Bounce: NUE, AMBA,

Break of Support:

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