All
nine sectors moved higher on
Wednesday. XLE, XLF, and XLI were
the strongest sectors.
Breadth strengthened
as advancers led decliners 7.14
to 1
on the NYSE and
4.66
to 1 on
the NASDAQ.
Exchange NYSE
NASDAQ
Advancers
2,685 2,091
Decliners
376 448
SPY
moved up
2.90 cents
on 184
million shares and formed a large white candle following its
confirmed its MACD histogram bullish divergence. The SPX closed
up +29.63
at 1,315.13 above
support at 1,292.
AAPL was
up 8.63
at 571.46
on 14.3 million shares...
FB +94
cents at 26.81 on 61.4 million
shares a new low.....
GRPN +84
cents, +8.64%…
C Pattern
Continuation: SWKS, COST, SRCL
C Pattern
Reversal:
C Pattern Entry:
AVGO, CSTR, FISV, INTU, CMCSA, SIAL, CMG, AAPL
C Pattern Setup:
SBUX, GOOG, INTU, SHLD, V, DHR, A, CTXS, VMW, ZAGG, TSLA, CRM, ORLY,
QCOM, AKAM, MSFT
Breakout: MCP,
ICE, SOHU,
Breakout Setup:
RVBD, LVS, INFA, FAS, VECO, C, URE, ROST, CRUS, WFM, MNST
Bounce: ALXN,
BBBY, DLTR
Daily/Weekly Bull
Flags:
MACD Histogram
Bullish Divergence Confirmed: ALTR,
CTXS, RVBD, MCP, SOHU, VMW, TPX,
JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, VMED, PNRA, MSFT, MRVL, MCHP,
GOLD, EXPD, CHKP, AKAM, CROX, ORLY, VRSN, CRM, ZAGG, TSLA
Technical
Commentary:
The SPY, DIA,
QQQ, IWM, XLF, XLK, XLY, XLV, XLB and XLE soared as they continued
their support bounce following their
MACD Histogram
bullish divergence. The short-term trend shifted from
Neutral to Up. Many stocks continued
Tuesday's support bounce rising to horizontal resistance or breaking
out. Many entry opportunities and setups are on the charts today.
Wednesday
Highlights:
SPY closes up
$2.90
The Euro rose
126 pips, closed 1.2559
TNX+0.95
VIX fell -2.52,
below 25 at 22.16
XLF closed up
40 cents
97
of 100 NDX stocks closed higher on Wednesday…
Leading
NDX 100stocks
included GMCR, APOL, ADSK, AKAM, SHLD,
FSLR, SNDK, AVGO, NUAN, STX
Lagging
NDX stocks included
VRTX, GRMN, DTV
Leading
stocks >
+2% on Wednesday included GRPN,
FAS, BAC, NTES, LDK, RVBD, SWKS, JDSU, CSTR, C, RCL, TSLA, CIEN, URE,
SOHU, X, TBT, A, SLB, SINA, F, INFA, FB, VMW, WDC, CRUS, FCX, SWI,
MOS, CLF, SMH, ZION, GS, GES, GLW, JNPR, SWK, DE, STI, IBM, ZAGG,
UCO, CRM, AKS, CHL, DLR, LVS, CMG, CREE, TSL, V, ICE, CDE, ESI, TIF,
DHR
Losing
stocks <
-2.0% included TPX,
FAZ, ANR, PCX, TLT
Stocks
to Watch on Thursday
HoldingAbove
30 DMA = 9
TLT, FAZ, NTES,
CRUS, SWKS, CIEN, ICE, UAL, VECO
Moving
Above 30 DMA = 5
BAC, CDE, CMG, CSTR,
GES
Moving
Below 30 DMA = 0
Staying Below
30 DMA
SWI, A, DECK, DHR,
GRPN, NKE, TSLA, V, 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, TBT, F, JDSU, C, GS, COH, MOS, SINA
Eight Week
Intermediate Term Market Trend:Down
Short
Term Market Trend: Up
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