SPY New High Close, Biotechs Lead NDX, DECK and EBAY Jump...

Markets are closed on Friday and will reopen on Monday, April 1.

Eight of nine sectors moved higher on Thursday…XLU, XLV and XLI were the strongest sectors …XLE was the weakest sector…. 

Breadth strengthened…advancers led decliners…1.64 to 1 on the NYSE and 1.26 to 1 on the NASDAQ…

Thursday – strenpPgthened, advancers led

Wednesday – weakened, advancers led NYSE

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

SPY up 48 cents at 156.67...volume 102.9 million shares…

VIX down .45 at 12.70…
TNX down .up .01 at 18.52…

TLT down 60 at 117.76…
XLF up 5 cents at 18.21 volume 25.7 million shares

AAPL down -9.42 at 442.66…volume 15.8 million shares…

FB down 51 cents at`25.58… on lower volume 28.5 million shares…

Technical Commentary:

SPY +0.31% led QQQ +0.25%, IWM + 0.12%, and DIA +0.25% on Thursday as each index moved higher in front of the three-day Easter weekend. 

AAPL -9.42 closed lower for the third straight day and below its 30 DMA for the first time since March 15.  FB down 51 cents on volume about half of Wednesday’s closing at the S1 level of its large bullish engulfing candle.  FB is still a setup for a potential C Pattern Entry after a support bounce. 

The Euro was up 38 pips and closed at 1.2814 on Thursday. 

Trade what you see on the chart of your position. The trend is up and traders should lock in profits when targets are reached. As always look for re-entry according to your rules.

The SPY made another New High Close as TNX was near unchanged and TLT Bonds closed lower.

The Market Forecast Green Line is in the upper zone. 

____________________

Setups

Breakout:  ADP, MAT, PRGO, CMCSA, CELG, MSFT, AOL, DDD, CTL, XRX, ABC, CBG, TXN, P, NFLX, WDC, HES, ANGI, ILMN, DISH, DISCA, ICE, SPLK, NTES, SLM, AKAM, COG, CBS, CIE, CHTR, LNKD,

Diagonal Breakout: CLB, MGM, BTU, HLF, GNC, A, CPRT, DDS,

Bull Flag: SNDK, SHLD, INTU, VIAB, Z, NUS, TEX, MTW, CHK, MWV, CNW, PTEN, NAV, MBI, CIEN, ZION, ZNGA, DWA, PLCM, ANR, BBRY, APOL, NKE, AWAY, MDRX, WPO, PBI, TFM, CRR, GOOG,

Potential Bullish Divergence: JCP, MCP, IPI

Gap Down:  

Bear Flag: CLF, FDS, FFIV, ORCL, KLAC, RCL, CCL, ULTA, JOY, A, FB

Break of Support:  DE, CAH, RAX, GRMN, AGU, IPI, BTUWLT,

Moves

Highlights: NFLX, NTES, TPX, CREE, SSYS, ANGI, Z, BBRY

Gap Up:  DECK, SIB, BIIB, CBI, MU, WSM, WAG

Gap Down: PVH, GES

Breakout:  CERN, ADM, ADBE, CELG, HRS, CRM, CBOE, CMP, CSTR, EBAY, ROST, MON, GILD, LBTYA, FTI, FL, RMD, LVS, HRB, VECO, BBRY, NUAN, TPX, UNG, TRIP, OGE,

 

Bounce: IBM, MOS, URI, CTSH, FTNT, AVGO, PMCS, GTI, FB, VMW, ALXN, TIBX, TECD, ARG, EOG, AVP, NVR, SBUX

MACD Divergence Bounce:  CCL, FB, SLB, BTU, KORS, WLT, SINA

Bear Flag: AAPL, DSW, DKS

Support Break: CORN, MCP, EXPD, JDSU, JRCC

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70 of 100 NDX stocks closed higher and three were unchanged on Thursday…

Leading NDX 100 stocks included:  BIIB, EBAY, CTSH, REGN, GILD, AMGN, CELG, CERN, ALTR, ADBE

Lagging NDX stocks included:  AAPL, FB, ALXN, EXPE, SHLD, BBBY, DTV, GOOG, PCLN, ESRX

Leading stocks> +2% on Thursday included: DECK, CLF, URI, SWI, RCL, ICE

Lagging stocks < -2.0% included:  MCP, FIVE, ANR, AKS

Stocks to Watch on Monday…

Holding Above 30 DMA = 65
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS,  WYNN, COST, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN, ADI, BRCM, INTC, LLTC, MXIM, QCOM, WDC, NVDA, WFM

Moving Above 30 DMA = 8

ALTR, AMAT, AMZN, EBAY, EQIX, MCHP, SIAL, XRAY                                                                       

Moving Below 30 DMA = 3

AAPL, ESRX, LINTA                                                                                                                                                                                                      

Staying Below 30 DMA

GOOG, ORLY, FAST, MNST, MYL, CSCO, ORCL, CTSH, CTXS, EXPE, FOSL, PCLN, SIRI, CTRX, CHKP, KLAC, ISRG, FFIV, NTAP, GRMN, EXPD, AKAM, BIDU, FB

Ten Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

US Stock Futures Edge Higher In Pre-Market...

BMO – ES + 1.00 and NQ + 6.00…futures point to a higher open in pre- market…

SPY is up 6 cents…

XLF is …up 1 cent…

Euro is up 28 pips…

TLT is down .36…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  BIIB, MU, VOD, GILD, GOLD, YHOO, CSCO, CHRW, DECK, MOS, TSLA, NKE, CLF, GS, NFLX

Quoting Down:  ADI, VRTX, NTAP PAYX, CTXS, BIDU, PRGO, VMW, GRPN, MCP

SPY Unchanged...AAPL Tumbles as GILD, FB, BIIB, WDC Rally...

Four of nine sectors moved higher and one unchanged on Wednesday…XLV, XLU and XLE were the strongest sectors …XLF was the weakest sector…. 

Breadth weakened…advancers led decliners…1.13 to 1 on the NYSE and decliners led advancers 1.08 to 1 on the NASDAQ…

Wednesday – weakened, advancers led NYSE

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

SPY unchanged at 156.19...volume 99.9 million shares…

VIX up .38 at 13.15…
TNX down .55 at 18.51…

TLT up 1.00 at 118.36…
XLF down 8 cents at 18.16 volume 31.9 million shares

AAPL down -9.05 at 452.08…volume 11.8 million shares…

FB up 89 cents at`26.09…volume 52.3 million shares…

Technical Commentary:

QQQ +0.13% led IWM + 0.07%, SPY +0.00% and DIA -0.22% on Wednesday as each index rebounded from its opening low on continued Cyprus worries. 

AAPL -9.06 closed lower and above its 30 DMA for the eighth straight day and formed a black candle following Tuesday’s bearish engulfing pattern.  FB  +89 cents formed large bullish engulfing and closed above its Fib 50% retracement level from its Nov 12 low… is still a setup for a potential C Pattern Entry after a support bounce. 

The Euro was down 76 pips and closed at 1.2776 on Wednesday.  A new bank withdrawal guidelines in Cyprus were announced. 

Trade what you see on the chart of your position. The trend is up and traders should lock in profits when targets are reached. As always look for re-entry according to your rules.

The SPY was unchanged as TNX was moved lower and TLT Bonds closed higher.

The Market Forecast Green Line is in the upper zone. 

____________________

Setups

Breakout:  WDC, HES, CMP, CSTR, ANGI, ILMN, DISH, DISCA, ICE, SPLK, NTES, SLM, AL, ADM

Diagonal Breakout: CBOE, CLB, MGM, BTU, HLF, GNC

Bull Flag: IBM, CHK, MWV, MOS, CNW, PTEN, NAV, AVGO, VIAB, MBI, CIEN, ZION,  ZNGA, DWA, URI, PMCS, FTNT, PLCM, ANR, BBRY, APOL, NKE,

Potential Bullish Divergence: CCL, MCP, SLB, IPI

Gap Down:  RHT

Bear Flag: KLAC, RCL, CCL, ULTA, MJN, HSP

Break of Support:  JOY, A, GRMN, AGU, FB, HRS, IPI, AKAM

Moves

Highlights: NFLX, NTES, TPX, CREE, SSYS, ANGI, Z, BBRY

Gap Up:  MU, AWAY, WSM, WAG

Gap Down: CLF, GES, DE, CAH, FDS

Breakout: AOL, MON, GILD, LBTYA, FTI, FL, NUS, RMD, LVS, HRB, VECO, YHOO, DLTR, MAT, VRTX, AMGN, CMCSA, FAST, BBRY, NUAN, DECK, SPWR, Z, TPX, COG, TEX, CORN, UNG, MTW,  MDRX, WPO,  SNDK, PBI, PRGO, STRZA, SHLD, TRIP, OGE,

 

Bounce: FB, CRR, CBS, CIE, VMW, CHTR, ALXN, TIBX, TECD, ARG, ORCL, WLT, KORS, JOY, A, NFLX, EOG, TXN, P, CBG, AVP, RCL, NVR, ABC, CRM, LNKD, GOOG, SBUX, XRX, MSFT

MACD Divergence Bounce:  FB, SLB, WLT, SINA, ROST, EBAY

Bear Flag: RAX, DDD, AAPL, TFM, DSW, SINA, EBAY, GTI, DKS, JCP, CPRT, DDS, BTU, CTL

Support Break: MCP, EXPD, CTSH, JDSU, JRCC, FFIV

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53 of 100 NDX stocks closed higher and two were unchanged on Wednesday…

Leading NDX 100 stocks included:  GILD, FB, BIIB, WDC, ALXN, BIDU, STX, GOLD, AMZN, CHKP

Lagging NDX stocks included:  CHKP, ALXN, SHLD, MYL, CMCSA, AAPL, EXPE, PRGO, GRMN, LINTA

Leading stocks> +2% on Wednesday included: TPX, DECK, ANR, VMW, HUM, WDC, GRPN, UNG

Lagging stocks < -2.0% included:  CLF, RAX, LDK, ZAGG

Stocks to Watch on Thursday…

Holding Above 30 DMA = 66
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, ESRX, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS,  WYNN, AAPL, COST, LINTA, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN, ADI, BRCM, INTC, LLTC, MXIM, QCOM, WDC

Moving Above 30 DMA = 2

NVDA, WFM                                                                         

Moving Below 30 DMA = 3

GOOG, MCHP, ORLY                                                                                                                                                                                                      

Staying Below 30 DMA

FAST, SIAL, MNST, MYL, CSCO, ORCL, XRAY, CTSH, CTXS, EXPE, FOSL, PCLN, ALTR, AMAT,  AMZN, SIRI, CTRX, EQIX, CHKP, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN, EXPD, AKAM, BIDU, FB

Ten Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Stock Futures Down Ahead Of Open...Cyprus & Italy Concerns...EURO Down...CLF Down - 12.09%...

BMO – ES - 6.50 and NQ - 6.75…futures point to a lower open in pre- market…

SPY is down 75 cents…

XLF is …down 13 cents…

Euro is down 77 pips…

TLT is up .89…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  GILD, LIFE, VMW, FAZ, BBRY, HLF, LNKD

Quoting Down:  VOD, EBAY, AAPL, GOOG, MU, AMZN, DELL, FB, CLF, MCP, FAS, TBT, X, FCX, RCO, ATI, GES, C, LVS

SPY, DIA Makes New High Close as AAPL Cools Off...

All nine sectors moved higher on Tuesday…XLV, XLE and XLU were the strongest sectors …XLY was the weakest sector…. 

Breadth strengthened…advancers led decliners…2.23 to 1 on the NYSE and 1.40 to 1 on the NASDAQ…

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

SPY up 1.24 at 156.19...volume 86.8 million shares…

VIX down .97 at 12.77…
TNX down .09 at 19.06…

TLT up 14 cents at 117.36…
XLF up 11 cents at 18.24 volume 48.6 million shares

AAPL down -2.44 at 461.13…volume 10.5 million shares…

FB up 7 cents at`25.20…volume 26.9 million shares…

Technical Commentary:

SPY +0.80% led IWM + 0.32%, QQQ +0.54% and DIA +0.74% on Tuesday as SPY and DIA each made a new high close. 

AAPL -2.44 closed lower and above its 30 DMA for the seventh straight day and formed a bearish engulfing candle.  FB  +7 cents formed an inverted hammer and closed below its Fib 50% retracement level from its Nov 12 low… is still a setup for a potential C Pattern Entry after a support bounce. 

The Euro was up 5 pips and closed at 1.2852 on Tuesday.  A new bailout agreement was announced on Monday. 

Trade what you see on the chart of your position. The trend is up and traders should lock in profits when targets are reached. As always look for re-entry according to your rules.

The SPY moved higher as TNX was slightly lower and TLT Bonds closed slightly higher.

The Market Forecast Green Line is again pointed up in the upper zone. 

____________________

Setups

Breakout:  ANGI, ILMN, DISH, DISCA, ICE, LBTYA, FTI, SPLK, FL, NTES, SLM, AL, ADM

Diagonal Breakout: AOL, CBOE, CLB, MGM, BTU, HLF, GNC

Bull Flag: IBM, CHK, MWV, MOS, CNW, CRR, CBS, PTEN, CIE, NAV, AVGO, VIAB, MBI, CIEN, ZION,  ZNGA, DWA, VMW, URI, PMCS, FTNT, PLCM, ANR, URI, BBRY, CHTR, ALXN, APOL,  

Potential Bullish Divergence: CCL, MCP, FB, SLB, CCL, IPI

Bear Flag: KLAC, RCL, RAX, CLF, DDD, CCL, TFM, DSW, QCOM, ULTA, MJN, HSP

Break of Support:  WLT, KORS, JOY, A, GRMN, AGU, FB, HRS, IPI, AKAM

Moves

Highlights: NFLX, NTES, TPX, CREE, SSYS, ANGI, Z, BBRY

Gap Up:  APOL, NKE, MU, AWAY, WSM, WAG

Gap Down: TIBX, TECD, ARG, ORCL, GES, DE, CAH, FDS

Breakout: LVS, HRB, VECO, YHOO, DLTR, MAT, VRTX, AMGN, CMCSA, FAST, BBRY, NUAN, DECK, SPWR, Z, TPX, COG, TEX, CORN, UNG, MTW,  MDRX, WPO,  SNDK, PBI, PRGO, STRZA, SHLD, TRIP, OGE,

 

Bounce: NFLX, MON, WDC, NUS, EOG, RMD, TXN, P, CBG, HES, INTU, CMP, ILMN, AVP, RCL, RAX, NVR, ABC, GILD, CRM, CSTR, LNKD, GOOG, SBUX, XRX, MSFT

MACD Divergence Bounce:  WLT, CCL, RHT, SINA, ROST, EBAY

Bear Flag: SINA, EBAY, GTI, DKS, JCP, CPRT, DDS, BTU, CTL

Support Break: MCP, EXPD, CTSH, JDSU, JRCC, FFIV

____________________

80 of 100 NDX stocks closed higher and one was unchanged on Tuesday…

Leading NDX 100 stocks included:  STX, LBTYA, WDC, INTC, DLTR, ADI, WYNN, DTV, AKAM, VMED

Lagging NDX stocks included:  CHKP, ALXN, SHLD, MYL, CMCSA, AAPL, EXPE, PRGO, GRMN, LINTA

Leading stocks> +2% on Tuesday included: NFLX, LVS, UCO, WDC, UNG, TSL, V

Lagging stocks < -2.0% included:  MCP, FIVE, LDK, ANR, SINA

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 61
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, ESRX, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS,  WYNN, AAPL, COST, LINTA, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN

Moving Above 30 DMA = 8

ADI, BRCM, INTC, LLTC, MCHP, MXIM, QCOM, WDC                                                                         

Moving Below 30 DMA = 0

                                                                                                                                                                                                      

Staying Below 30 DMA

FAST, SIAL, WFM, MNST, MYL, CSCO, NVDA, ORCL, XRAY, CTSH, CTXS, EXPE, FOSL, PCLN, ALTR, AMAT,  AMZN, SIRI, CTRX, EQIX, CHKP, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN, EXPD, AKAM, BIDU, FB

Ten Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral