Breadth strengthened Thursday as advancers led decliners 3.67 to 1 on the NYSE and 2.63 to 1 on the NASDAQ…
Exchange NYSE NASDAQ
Advancers
2,373 1,784
Decliners 646 677
VIX down - 1.75 at 14.05…
Euro up 86 pips at 1.2985…
TNX down .09
at 17.56…
TLT down -.48 at 121.53…
XLF up .41cents at 16.15…
Gold up 35.80
at 1,769.40…
Oil up 1.20
at 98.09…
AAPL up 13.19 at 682.98…volume 21.3 million shares …
FB down .22 at 20.71… volume 65 million shares…
The Market
Forecast green line is in the upper zone.
YTD At a
Glance
Thursday
YTD
SPY
+1.52%
+17.92%
AAPL
+1.97%
+69.36%
EXPE
+2.49%
+92.89%
STX +1.05%
+88.29%
EBAY
+1.84%
+61.14%
Technical Commentary: The SPY achieved both its 144.92 and 146.05 price targets on Thursday. The SPY volume surged to 225.3 million shares, its highest volume since July 27. The 2.618 Fib target is 147.88. The ES future also reached its 1443 and 1455 targets. The 2.618 Fib target is 1,473.50.
Technical Commentary: The SPY achieved both its 144.92 and 146.05 price targets on Thursday. The SPY volume surged to 225.3 million shares, its highest volume since July 27. The 2.618 Fib target is 147.88. The ES future also reached its 1443 and 1455 targets. The 2.618 Fib target is 1,473.50.
A very strong
Euro continues to bode well for U.S.
stocks. XLF gained big as BAC, C, JPM,
WFC, RF, ZION, STI, MS and
GS made solid gains.
Check out Setups below.
Last week’s
breakouts continue to indicate that higher prices are likely on the way.
New Chart Targets:
SPY = 144.92 1.61
Fib, 146.05 S&R
Measuring, 147.88 2.61 Fib
ES = 1,443.50
1.61 Fib, 1,455.00 S&R Measuring, 1,473.50 2.61 Fib
Eur/Usd = 1.3095 1.60
Fib, 1.3345
S&R Measuring.
Short-term support at
144.39, 143.09
= SPY
1,438.75, 1,421.50
= ES
2,802.50, 2,775,
2,750 = NQ
Setups:
Flag/Pennant: SWI, CRUS, SWKS, COH, LCC, STX,
LINTA, EBAY, ALTR, LLTC, AKAM, LIFE, VRSN, BMC
Breakout: WLT, ACI, JNPR, SOHU,
30 DMA Potential Breakout: WDC, SMH, SWKS, DECK, TSL, CHL, NTES, GRPN, DLR, LDK
Thursday Bounce: NTES, TIF, SCHN, ESRX, PAYX, ORCL, GOOG, AMZN, AAPL,
Breakout: MCP, BTU,
AKS, ANR, JRCC
90 of 100 NDX
stocks closed higher on Thursday…
Leading NDX 100 stocks included: MNST, SPLS,
FFIV, GOLD, NUAN, CTSH, INFY, CERN, BIDU, EXPE, WYNN, QCOM
Lagging NDX stocks included: ORLY, SHLD, MRVL,
AVGO, CHRW, XLNX, DELL, FOSL, KLAC, FLEX
Leading stocks > +2% on Thursday included: ANR, CDE, FAS,
CLF, AKS, MCP, TPX, BAC, ZAGG, C, TSLA, FCX, SINA, X, CRM, STI, LVS, NTES, WDC,
ATI, RCL, URE, ZION, UCO, A, TIF, HLF, RVBD, GRPN, GS, DLR, DE
Lagging stocks < -2.0% included: FAZ, CRUS, CROX
Stocks to Watch on Friday…
Holding Above 30 DMA = 55
UCO, TPX, GS, RVBD, SWI, CROX, CRUS, CREE, C, FAS, FCX, JDSU, NKE, RCL, STI, TIF, BAC, CDE, CRM, SINA, SOHU, F, ZION, ANF, INFA, ICE, LVS, LNKD, HUM, URE, COH, GLW, CSTR, MOS, UAL, CMG, DE, DHR, ESI, IBM, SWK, TBT, VMW, AKS, ANR, ATI, VECO, CLF, JNPR, MCP, SLB, V, X, FB, ZAGG
UCO, TPX, GS, RVBD, SWI, CROX, CRUS, CREE, C, FAS, FCX, JDSU, NKE, RCL, STI, TIF, BAC, CDE, CRM, SINA, SOHU, F, ZION, ANF, INFA, ICE, LVS, LNKD, HUM, URE, COH, GLW, CSTR, MOS, UAL, CMG, DE, DHR, ESI, IBM, SWK, TBT, VMW, AKS, ANR, ATI, VECO, CLF, JNPR, MCP, SLB, V, X, FB, ZAGG
Moving Above 30 DMA = 3
A, HLF, TSLA
Moving Below 30 DMA = 0
Staying Below 30 DMA
SWKS, DECK, SMH, WDC, TLT, CIEN, TSL, GES, CHL, NTES, GRPN, DLR, FAZ, LDK
Fourteen Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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