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. 

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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