The
Euro drifted down just 4 pips to 1.2362, a new one year. TNX interest rates closed at a new
all-time low at 15.81. Financial stocks
rose 12 cents and bonds hit another new high. The SPX closed at 1,310.33 holding above its 1,300 support area and the
short-term trend of the last eight days remained neutral .
Seven of nine sectors moved lower on Thursday. XLF, XLU, and XLP were the
strongest sectors.
Breadth
strengthened as
decliners led advancers 1.07 to 1 on the NYSE and 1.12 to 1 on the NASDAQ.
Exchange
NYSE NASDAQ
Advancers 1,442 1,195
Decliners 1,557
1,350
SPY moved down – 29 cents on 196 million
shares…
AAPL
was down -1.44 at 577.73 on 17.6 million shares...
FB +1.41
at 29.60 on 111.6 million shares a new low.....
GRPN -69 cents,
-4.14% still in bull flag
following reversal pattern…
C Pattern Continuation: SWKS, AVGO, CMG,
COST, SRCL, DLTR,
C Pattern Pull back: AAPL, WFM, ALXN, SWKS,
AVGO
C Pattern Entry:
C Pattern Setup: CSTR, FAST, FISV,
SBUX, CRM, GOOG, INTU, CTXS, CMCSA, MSFT, ZAGG, SHLD, V, DHR, TSLA, A, SIAL
Breakout: CRUS,
Breakout Setup: MNST, ROST
Bounce: VECO
Bear Flag Bounce: WCRX, CROX, ALTR, BMC, ORLY, VRSN, BIIB
Daily/Weekly Bull Flags: BBBY, SWI, GRPN
MACD Histogram Bullish Divergence: CTXS, RVBD, CIEN, MCP, SOHU, VMW, TPX, JDSU, MOS,
INFA, F, BIDU, NFLX, QCOM, NVDA, VMED, PNRA, MSFT, MRVL, MCHP, INFY, GOLD,
EXPD, CTRP, CHKP, CELG, ADBE, AKAM
Technical Commentary:
The
SPY sold off and fell near support forming a higher low in its short-term neutral sideways trend. The Euro made a new low while the SPY again closed
above 131 and above its low on May 18. This is a divergence between the short-term
lows of the Euro and SPY.
Tuesday Highlights:
SPY
closes down -0.29
The
Euro fell 4 pips, closed 1.2362
TNX
-0.44
VIX
dropped -0.08, below 25 at 24.06
XLF
closed up 12 cents
21 of 100 NDX stocks closed higher on Thursday…
Leading NDX 100
stocks included AMZN, ORCL, FISV, ROST, EXPE, FLEX, COST, MYL, EXPD, NTAP
Lagging NDX stocks included
FSLR, NFLX, SHLD, GMCR, WCRX, FFIV, EA, STX, DTV, SNDK
Leading stocks > +2% on Thursday included CIEN, FB, TSL, UAL, SWKS, STI, BAC
Losing stocks < -2.0% included CLF, X, GRPN, LDK, AKS,
TSLA, LVS, ANR, CDE, ATI, DE, UCO, MCP, CREE, TPX, TBT, RCL, TIF, LNKD
Stocks to Watch on Friday
Holding
Above 30 DMA = 10
TLT,
CRUS, SWI, VECO, FAZ, UAL, V, SWKS, CMG, NTES
Moving Above 30 DMA = 1
CIEN
Moving Below 30 DMA = 1
A
Staying
Below 30 DMA
CSTR,
DECK, DHR, GRPN, NKE, TSLA, ZAGG, CRM, LDK, LNKD, CHL, URE, CREE, TSL, STI,
WDC, DLR, ANF, ATI, DE, GLW, IBM, SLB, VMW, ESI, FAS, FCX, SMH, TIF, UCO, AKS,
ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, PCX, RCL, RVBD, CLF, MCP, SWK, TPX,
ZION, INFA, BAC, TBT, F, JDSU, C, GS, COH, MOS, ICE, SINA, GES, CDE
Eight
Week Intermediate Term Market Trend:
Down
Short Term Market Trend: Neutral
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