Eight of nine sectors moved higher on Thursday…XLU, XLF and XLB were the strongest sectors …XLE was the weakest
sector….
Breadth strengthened…advancers
led decliners…1.66 to 1 on the NYSE and 1.68 to 1 on the NASDAQ…
Thursday – strengthened – advancers led
Wednesday – weakened – decliners led
Tuesday – strengthened – decliners led
Monday – weakened, decliners led
Thursday – strengthened, advancers led
SPY up .63 at 155.86...volume 131.8 million shares…
VIX down .32 at 13.89…
TNX down .53 at 17.59…
TNX down .53 at 17.59…
TLT up 1.42 at 120.39…
XLF up 16 cents at 18.09 volume 55.3 million shares
XLF up 16 cents at 18.09 volume 55.3 million shares
AAPL down 4.27 at 427.72…volume 12.8 million shares…
FB up 82 cents at`27.07… volume 82 million
shares…
Technical Commentary:
IWM +0.86%, DIA +0.43%, SPY + 0.41% and QQQ + .03% all
bounced as buyers stepped into the market on Thursday. Strength in IWM and eight of nine sectors
reversed Wednesday’s weakness. Airline stocks ALK, UAL, LUV, DAL, and LCC start to lift off with strong support bounce.
AAPL down 4.27 pulled back to Tuesday’s low before
finding support. FB up 82 cents on a
heavy 82 million shares of volume bounced on increasing volume and closed above its 30 dma for the first time since February 1. FB gave a C pattern entry on Thursday.
The Euro was
up 92 pips and closed at 1.2933 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 formed a
bullish harami-like candle and closed above its 10 dma while TNX fell and TLT
broke out of horizontal resistance.
The Market
Forecast Green Line is in the
upper zone.
____________________
Setups
Breakout: SBUX, WDC, AOL, CHTR
Diagonal Breakout: IBM,
BBRY, NFLX, CLB, GNC, A, CPRT
Bull Flag: NUAN, HRB, LBTYA, HRS, CELG,
MSFT, WAG, WSM, EBAY, ALK, UAL, DAL, LCC, GILD, HSY, LVS, WYNN, TSLA, MAT, DDD, DISH, DISCA, SPLK, SLM, COG, CBS,
CIE, SNDK, SHLD, B, Z, NUS, MTW, MWV,
NAV, MBI, CIEN, ZION, DWA, PLCM, NKE, AWAY, MDRX,
WPO, PBI, TFM, DECK, CBI, MU,
Potential Bullish
Divergence: KORS, RCL, CCL, FDS, GOOG, MCP, IPI
Gap Down:
Bear Flag: DE, CREE, FFIV, ULTA, FB
Break of Support: CLF,
KLAC, ANR
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: BIIB
Gap Down: GPN, DAL, PVH
Breakout: DDS, CTL, ALXN, CMCSA, HLF, GNC, ILMN, ADBE, CMP, MON, RMD,
OGE,
Bounce: VIAB, APOL, WFC,
A, ZNGA, DECK,
GES, SBUX
MACD Divergence
Bounce: JCP, SINA, CCL, FB, SLB
Bear Flag: NDAQ, CTSH,
CTXS, ORCL, FDS, RCL, CCL
Support Break: BTU,
JOY, A, FTNT, RAX,
AGU, IPI, WLT, CORN, MCP, EXPD, JDSU, JRCC
____________________
68 of 100 NDX stocks
closed higher on Thursday…two remained the same…
Leading NDX 100 stocks included: MNST, FB, MU,
SPLS, SNDK, ALTR, SHLD, FAST, ALXN, XLNX, FOSL, ROST, VIAB, REGN, EXPD
Lagging NDX stocks included: SIRI, AKAM, GOOG,
WYNN, NUAN, NWSA, CTXS, AAPL, BIDU, DTV, VRSK, CERN, ADI, BMC
Leading stocks> +2% on Thursday included: CRUS, CROX, CDE, CREE, GRPN, LNKD, URE, YELP, FAS, TSL, DLR, SWKS,
ESI, UAL, TSLA
Lagging stocks < -2.0% included: FAZ,
TBT, SINA, UCO
Stocks to Watch on Friday…
Holding Above 30 DMA = 51
VMED,
NWSA, SNDK, STRZA, ADP, DELL, SYMC, GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO,
YHOO, DLTR, AMGN, MU, DISCA, SBAC, ADBE, CLEG, FISV, MSFT, SRCL, VRTX, MDLZ,
LBTYZ, VRSK, VIAB, REGN, SBUX, BMC, VOD, ALXN, BBBY, SHLD, DTV, LIFE, STX,
COST, CMCSA, NUAN, ROST, ATVI, CHRW, WDC, EBAY, CSCO, NTAP, ORLY
Moving Above 30 DMA =4
MNST, PCLN, SPLS, FB
Moving Below 30 DMA = 2
QCOM, WYNN
Staying Below 30 DMA
ADSK,
AVGO, ESRX, GOOG, INTC, INTU, PCAR, TXN, CTRX, GILD, MXIM, XRAY, EQIX, ALTR,
AMAT, AMZN, BRCM, CA, LLTC, MCHP, NVDA, SIAL, WFM, XLNX, ADI, AAPL, LINTA,
FAST, MYL, ORCL, CTSH, CTXS, EXPE, FOSL, SIRI, CHKP, KLAC, ISRG, FFIV, GRMN,
EXPD, AKAM, BIDU
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Neutral
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