Six out of nine sectors moved higher on Thursday… and one remained the same… XLF, XLE and XLB were the strongest sectors …XLU was the weakest sector….
Breadth strengthened advancers still led decliners…1.37 to 1 on the NYSE and
1.54 to
1 on the NASDAQ…
Thursday – strengthened, advancers led
Wednesday – weakened, advancers led
Tuesday – strengthened, advancers led
Monday – weakened slightly, advancers led
Friday – strengthened, advancers led
SPY up 28 cents at 154.78...volume 86.1 million
shares…
VIX down .47 at 13.06
TNX up .53 at 19.91…
TNX up .53 at 19.91…
TLT down .90 at 115.96…
XLF up 13 cents at 18.19 volume 47.9 million shares
XLF up 13 cents at 18.19 volume 47.9 million shares
AAPL up 4.92 at 430.58…volume 16.7 million
shares…
FB up 1.13 at`28.58…on volume on 74.5
million shares…
Technical Commentary:
Stock futures opened
higher after new job claims
reported better than expected numbers on Thursday and the DJIA closed at
a new all-time high for the third straight day. GOOG, CERN and AMZN rose slightly. EBAY below its 30 DMA fell to support.
DIA +0.21%, IWM +0.48%, SPY +0.18%, and QQQ +0.26%...all
moved higher. DIA, SPY and IWM
moved to a new high close and QQQ rallied on strength on AAPL.
AAPL +
4.92 bounced at support. FB +1.12 rallied on increasing volume.
The Euro jumped 141 pips and closed at 1.3106 on Thursday after positive economic comments and
developments in Europe.
Trade what you see on the
chart of your position. The trend is in consolidation and
traders should lock in profits when targets are reached. As always look for
re-entry according to your rules.
The SPY’s
trend inched higher. XLB, XLE, XLI continued neutral. XLP, XLU,
XLV, XLY, XLK, XLF continued positive.
The Market
Forecast Green Line is pointed up and is nearing the upper reversal zone.
____________________
Setups
Breakout: UNG, SHLD, ESRX, SNDK, CHK, URI, BMC, MON, MDRX, TSCO, CRR, CBOE,
MWV, TW, CLB, CBG
Diagonal Breakout: MCHP,
FAST, P, CSTR, BBRY, GME, SINA,
Bull Flag: WHR, ICE, SLM, WDC, QCOM, CHKP, MNST, STZ, PM
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag: OC, DE, LVS, CTL, RAX,
PPO, AVGO, DNDN, A, LIFE, GRMN, DDS, MOS, AGU, DE, CCL, STI, WFM
Break of Support: EBAY, HSP
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: CIEN, JDSU, CREE, ASNA
Gap Down:
PETM, AEO, HRS
Breakout: TRIP, RF,
ANGI, ATVI, STRZA, Z, JPM, CTSH, ORCL, NDSN, VECO, FIVE, HPQ,TXN, ILMN, AIZ,
ORLY, TPX, CBS, VMI, CTXS, AWAY, AMGN, MBI,
LNKD, PBI, YELP, AL, COG, HES, DECK, CRM
Bounce: UNG, JDSU, AVX, GES, SPLK, BBRY, CLR, AVP, MJN, SPWR, JRCC, ANR, ACI, WLT, BTU,
CNW, MTW, SHLD, NTES, EQIX, TEX, IM, FTNT, AOL, KORS, ADM, ZION, PCLN, IBM,
PRGO, GNC, ZNGA, NFLX, HLF, BPOP, FAST, PTEN, XRX, FTI, PMCS
MACD Divergence Bounce: EQIX,
BBRY, FB
Bear Flag: ROST, ULTA, STX, EXPD, CORN, RCL, GRPN, DDD, NBR, MGM, POT,
SLB, SWKS, AKAM
Support Break: IPI, CNX,
TFM, FFIV, CLF, INT, JCP
____________________
55 of 100 NDX stocks
closed higher on Thursday…
Leading NDX 100 stocks included: SHLD, F, SPLS,
MU, DISCA, ATVI, XLNX, SBUX, PCAR, ADP, LINTA, LIFE, VRTX, FFIV
Lagging NDX stocks included: ROST, WDC, GOLD,
STX, MNST, REGN, ISRG, EBAY, PRGO, ALXN, GILD
Leading stocks> +2% on Thursday included: CIEN, JDSU, ZAGG, JNPR, GMCR, FB, BAC, SSYS, CROX, UCO, ATI, ESI,
SOHU, CRUS, CSTR
Lagging stocks < -2.0% included: WDC,
COH
Stocks to Watch on Friday…
Holding Above 30 DMA = 73
VMED, ADI, LLTC, DELL, NWSA, AMAT, CHKP, FAST, MCHP, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, CTRX, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, WDC, SIAL, CTSH, CTXS, PCLN, REGN, VIAB, ADSK, AMZN, COST, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, BOD, ALXN, AVGO, BBBY, XLNX, XRAY
VMED, ADI, LLTC, DELL, NWSA, AMAT, CHKP, FAST, MCHP, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, CTRX, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, WDC, SIAL, CTSH, CTXS, PCLN, REGN, VIAB, ADSK, AMZN, COST, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, BOD, ALXN, AVGO, BBBY, XLNX, XRAY
Moving Above 30 DMA =2
LINTA, SHLD
Moving Below 30 DMA = 5
COST,
EXPE, MNST, ROST, EQIX, WDC
Staying Below 30 DMA
FOSL,
KLAC, LIFE, SPLS, BRCM, ISRG, SHLD, EBAY, FFIV, NTAP, XRAY,
AVGO, BBBY, GRMN, WYNN, STX, WFM, EXPD, DTV, NUAN, AKAM, GOLD, CHRW,
BIDU, ALXN, FB, AAPL
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
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