All nine sectors moved higher on Thursday … XLE, XLE and XLF were
the strongest sectors …XLV was the
weakest sector….
Breadth strengthened… advancers led decliners…2.01 to 1 on the NYSE and 2.04 to 1 on the NASDAQ…
Thursday – strengthened, advancers led
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday – weakened, advancers led
Friday – strengthened, advancers led
SPY up 82 cents at 156.73...volume 126.3 million
shares…
VIX down -0.53 at 11.30
TNX up .12 at 20.33…
TNX up .12 at 20.33…
TLT down .35 cents at 115.22…
XLF up 12 cents at 18.45 volume 67.2 million shares
XLF up 12 cents at 18.45 volume 67.2 million shares
AAPL up 4.15 at 432.50…volume 10.8 million shares…
FB down .04 cents at`27.04…volume 27.6 million
shares…
Technical Commentary:
The SPY moved to a new
high close led by energy, technology and financial stocks on Thursday. Jobs claims fell indicating economic
strength. TNX rose as TLT
bonds moved lower.
SP futures: ESM3
IWM +1.00%,
DIA +0.60%, SPY
+0.53% and QQQ +0.34% moved higher.
AAPL gained 4.15 and closed for the ninth day holding at its short-term
support. FB was down 4 cents forming another MACD bullish divergence at support below
its 30 DMA and is still a setup for a potential C Pattern Entry after
a support bounce.
STX +1.63% and WDC +0.64% gained for the third straight day.
The Euro was up 43 pips and closed at 1.3002 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’s
trend continued higher. XLE
turned positive and now eight of nine sector ETFs including XLP, XLU,
XLV, XLY, XLK, XLF, XLI are positive XLB continued
neutral.
The Market
Forecast Green Line is in the
upper reversal zone.
____________________
Setups
Breakout: ICE, FTNT, ADM, FTI, BRCM, CTXS, SWKS, STI, PMCS,
AVX, SPLK, MON, CBOE, CLB, SLM, LNKD, IM
Diagonal Breakout: EXPD, FAST, KLAC, MNST, WHR, JRCC, BTU, DECK, SPWR, HLF, GNC, TEX, AOL,
Bull Flag: ALXN, CSCO, CTSH, DLTR,
GOOG, INTU, LBTYA, PCLN, QCOM,
MBI, CRM,
CIEN, JDSU, RF, ILMN, XRX, ZNGA, NTES, DWA,
Potential Bullish Divergence: FB, EBAY, ROST, IPI, SINA
Bear Flag: DKS, KORS, JCP, DDS, HSP,
RHT, FL
Break of Support: RAX, GES,
DDD, AKAM, RCL,
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: NAV, HRB
Gap Down:
Breakout: UNG, AVGO, CMCSA,
EXPE, FOSL, MXIM, MTW, CBS, PTEN, PM, CRR, MDRX, CRR, VMW, NFLX, URI, ESRX, WPO, MYGN, TFM,
CSTR, IBM, HES, CNW, STX, SNDK, WDC, PBI, PRGO, VECO, STRZA, DE, CBG, SHLD, CHK, MWV,
MOS, TRIP, Z, TPX, COG
Bounce: A, AMGN, MSFT, AL, ANGI, JPM, FIVE, CLR, BBRY, SSYS, CREE, ASNA, P, CPRT, AVP,
MACD Divergence Bounce: HRS, CORN, SLB,
Bear Flag: FB, GRMN, ANR, ACI, BTU,
WLT, DNDN, MCP, AGU, INT,
CLF, CCL, CTL, ULTA, EXPD, MGM
Support Break: CLF, MJN, FFIV
____________________
71 of 100 NDX stocks
closed higher and one was unchanged on
Thursday…
Leading NDX 100 stocks included: SHLD, VIAB,
ORCL, VOD, LIFE, AVGO, MU, ALTR, GOLD, STX, EBAY, BBBY, BMC, CMCSA
Lagging NDX stocks included: ISRG, AMZN, ESRX,
FFIV, SBUX, BIDU, CTRX
Leading stocks> +2% on Thursday included: VMW, ANR, TSL, SSYS, RCL, VECO, SWI
Lagging stocks < -2.0% included: LDK,
TSLA, CLF, GRPN, BBRY, NFLX
Stocks to Watch on Friday…
Holding Above 30 DMA = 75
VMED, ADI, LLTC, DELL, NWSA, MCHP, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, CTSH, CTXS, PCLN, REGN, VIAB, ADSK, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, LINTA, SHLD, COST, WDC, BRCM, DTV, EXPE, LIFE, STX, AMAT, FOSL, SPLS
VMED, ADI, LLTC, DELL, NWSA, MCHP, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, CTSH, CTXS, PCLN, REGN, VIAB, ADSK, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, LINTA, SHLD, COST, WDC, BRCM, DTV, EXPE, LIFE, STX, AMAT, FOSL, SPLS
Moving Above 30 DMA = 3
ALTR,
CHRW, WYNN
Moving Below 30 DMA =1
AMZN
Staying Below 30 DMA
SIRI,
FAST,CTRX, EQIX, CHKP, MNST, ROST, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN,
WFM, EXPD, NUAN, AKAM, GOLD, BIDU, FB, AAPL
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
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