Breadth
weakened as
decliners led advancers 2.08 to 1 on the NYSE and 2.48 to 1 on the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 967 712
Decliners 2,016 1,767
SPY moved down -1.30 to
135.49 on 151.1 million shares, below average volume of
164.7 million shares, closing above its 30 DMA for the seventh consecutive day. The SPY gained 44
cents after the close on Friday.
The SPX moved down -12.90 at 1,354.68.
The
Market Forecast green line is in the upper reversal zone.
AAPL
down -4.06 at 605.88, less than half of Thursday’s gain, on 15 million shares...
FB
up 26 cents at 31.73 on volume of 10.9
million shares...
GRPN
-0.38, -4.31%…
Chart Patterns
Daily
Bull Flags Setups: APOL, URE, SPG, HSY, AMZN, DIS,
CSTR, POT, QQQ, DIA, SPY, COF, COP,
FISV, ZAGG, MOS, IWM, VECO, X, MU, PCLN, DE, GOOG, VMED, ADP, NVDA, FAS, ALGN, ALXN,
FMC, LLTC, VRSN, AKAM, AVGO, INTU, MLNX, CIEN, JDSU, MTW, COST, ESRX, EBAY,
C, TSLA, CRUS,
Flag Bounce: ULTA
Breakout:
Breakout Pullback:
SHLD
Breakout
Continuation: NFLX, VMI, TFM, GMCR, AAPL, LNG, CL, KMB, LEN,
Breakout
Setup: AKS,
SHW, MNST, EXPE, GOLD, ALTR, MCP, GLW,
At
Support: CTXS, ADSK, F, MCHP, AMAT, VMW, CROX,
Break
of Support:
MRVL, KLAC,
Technical Commentary:
The
SPY, DIA and IWM gapped down on the open following a weaker that forecast jobs
report for June and steady unemployment at 8.2%. Jobs at 80,000 were up from 69,000 jobs in
May. NFLX inched higher while ROST and AAPL pulled
back slightly.
Many
stocks formed bull flag setups. Stay with the trend and
watch for a potential bounce entry on Monday or Tuesday.
Friday Highlights:
SPY
closes down -1.30
The
Euro moved down 102 pips, closed at 1.2287
TNX
-0.53
VIX
dropped -0.40 at 17.50
XLF
down -12 cents at 14.47
9 of 100 NDX stocks closed higher on Friday…
Leading NDX 100stocks included RIMM, GMCR, PNRA, APOL, DLTR,
SPLS, SNDK, NFLX, ORLY, DTV
Lagging NDX stocks included CTXS, FFIV, ADSK, CHKP, KLAC, NTAP, CTSH,
SYMC, LRCX, NUAN
Leading stocks > +2% on Friday included UAL, TPX, FAZ
Losing stocks < -2.0% included INFA, RVBD, VMW, ANR, UCO,
SWI, CROX, DECK, GES, CRM, CDE, JDSU, GRPN, CIEN, SWKS, SOHU, COH, A, JNPR,
ANF, CLF, PCX, CRUS, LVS, RCL, CREE, MCP, SMH, ATI, NTES, BAC, FAS, TSL
Stocks to Watch on Monday
Holding
Above 30 DMA = 36
CIEN,
ICE, GES, CSTR, BAC, DLR, HLF, URE,
LNKD, MOS, V, UAL, CHL, ESI, DE, FAS,
RCL, STI, ZION, AKS, JDSU, CREE, X, ANF, ATI, FCX, GS, MCP, SLB, SMH, VECO,
ZAGG, PCX, TSLA, LDK, TLT
Moving Above 30 DMA = 1
WDC
Moving Below 30 DMA = 13
CLF, CRM, CROX, CRUS, DHR, GLW, IBM, INFA, NTES,
SWI, SWKS, TSL, UCO
Staying
Below 30 DMA
A, C, CDE,
SOHU, SWK, TBT, HUM, CMG, SINA, F, RVBD, GRPN, FAZ,
NKE, LDK, VMW, TIF, ANR, JNPR, LVS, TPX, COH
Four
Week Intermediate Term Market Trend:
Up
Short Term Market Trend: Down
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