SPX Pauses as Oil Falls, VIX Bounces into Weekend French Elections…

·         8 Oil drops -1.08 to 49.63 its lowest close since Mar 29

·         8 SPX and SPY pulls back holds at Thursday’s S1 on increased volume. 

·         8 Two sectors were positive. 

·         8  VIX moved up to 14.63.

·         8  MSFT +1.37% leads DJIA.

·         8 COL +5.13% after earnings leads SPX higher.

·         8 CSX +2.44% leads NDX.

·         8 Trend and support still indicate intermediate and long term up trend intact.

Up:

Down: QQQ, DIA, IWM, SPY

Uptrend sectors:  XLY, XLRE, XLP, XLV,

Look for a potential bounce in stronger stocks like: MU, MCHP, STX, WDC,

Bounces included: MSFT, TSLA,

Potential Breakouts include: QQQ, ADBE, AAL, ADP, AMAT, ADSK, ATVI, AVGO, COST, CSX, EA, EXPE, MAR, MSFT, MXIM, PAYX, ROST, SWKS, TXN, WBA, KEY, ETFC, XLY, V, UNH, HD, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: CSX,

New Highs SBUX, ADBE, CSX, EA, FB, JD, LRCX, MSFT, PYPL, BABA, MCD, WMT, DIS, V, HD,

Earnings week ended:

Monday:  JBHT, NFLX,

Tuesday: BAC, CMA, GS, IBM, ISRG, JNJ, LRCX, UAL, RF, UNH, YHOO

Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP

Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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