QQQ, XLK Make New All-time High Close…AMD Down After-hours on EPS Reaction…

• SPX forms spinning top bearish harami at resistance.
• QQQ, XLK make new all-time closing high.
• Six sectors were positive led by technology XLK and financial XLF. 
• VIX fell -0.71 to 10.11, a 52-week low.
• Oil falls -0.60 to 48.59
• AAPL +2.04% leads DJIA.
• GGP +4.63% after earnings leads SPX.
• AMD -11.16% after hours drop following earnings report.
• CTRP +3.11%, LRCX +3.02%, ALXN +2.98%, TSLA +2.79% lead NDX.
• Intermediate and long term up trend intact.  3-day short term trend neutral.

Up: QQQ, IWM, SPY

Down: DIA

Uptrend sectors:  XLK, XLV, XLY, XLB, XLI, XLP, XLRE,

Look for a potential bounce in: V, KEY, MAR, IWM, ETFC, SWKS, AVGO, TXN, HAS, DIA, PAYX, ROST, ADP, XLY, WMT, MCHP, SBUX, DIS, MS

                  (click image to enlarge)

One Day Pullback: WDC, HD,

Bounces included: LRCX, MCD, EXPE, ADSK, AMAT,

Potential Breakouts include: SPY, DIA, WBA, ARNC, COST, WDC,

Breakouts: TSLA, ADBE, MU, NVDA,

New Highs QQQ, ADBE, AMZN, RCL, NCLH, FB, ATVI, JD, MSFT, BABA, CSX, SPY, EA, UNH, PYPL,

Earnings this week:

Monday:  DISH, AMD

Tuesday: MRK, NRG, AET, CHTR, MA, AKAM, GILD, AAPL,

Wednesday: ADP, ICE, VRSK, FB, TSLA, KHC, QRVO

Thursday: AIG, CHK, RIG, MUR, PRU, ATVI, MNST,

Friday: CTSH, CI, MRO

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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