Five of nine sectors moved higher on Friday…XLF, XLI and XLU were the strongest sectors…while XLB was the weakest sector.  XLF led all sectors three of five days this week which is positive support for the broad market up trend. 

Breadth weakened as decliners led advancers 1.39 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.

Friday – weakened, decliners led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

SPY up .08 at 188.26 on 114.5 million shares, below average volume

VIX down .10 at 14.11…

TNX up .53 at 27.90…

TLT down .67 at 105.89...

XLF up .10 at 22.37 on 66.2 million shares, above average volume

AAPL down .31 at 530.44 on 7.9 million shares, below average volume

FB down 1.04 at 69.80…on 38.9 million shares, below average volume

Mar 7 – Weekly - YTD Performance

RUT   +1.71%           +3.41%

NDX   +0.20%           +3.10%

SPX    +1.00%           +1.61%

XLV    +0.02%           +7.23%

XLU    -1.14%            +5.32%

XLB    +1.51%           +3.40%

XLF    +3.09%           +2.33%

XLK    +0.19%           +1.90%

XLI      +1.81%           +1.42%

XLY    +0.82%           +0.84%

XLE    +0.42%           -0.55%

XLP    +0.73%           -0.74%

FB         +1.96%         +27.72%

NFLX     +0.61%        +21.78%

PCLN     +0.68%        +16.83%

MU         +0.95%        +12.28%

GOOG    -0.07%          +8.39%

GILD       -3.88%          +5.97%

BIDU      +6.50%          +2.34%

AMZN    +2.75%           -5.45%

Technical Commentary: 

DIA + 0.15%, SPY + 0.04%, IWM – 0.03%, QQQ – 0.49%.

SPX closed at another record high today its 51^st in a year with the strength of the
financials.

ANR downgraded at GS

PANW +11.04%, following mistrial in patent lawsuit

GOGO +2.10%, SAC Capital Advisors disclose 5.4%, 4.5 million share position

NKE gains as FL reports better than expected results and makes record high

Trade with the trend of the chart you are trading and continue to move your protective stops.  Continue to follow your rules.

Short-term up trend Chart Targets:

SPY = 189.25, 190.55…

QQQ = 90.96, 92.25, 93.05…

IWM = 120.64, 121.84…

Support Levels

SPY = 187.15, 183.75, 182.60

QQQ = 88.87, 87.35, 86.49

IWM = 118.71, 115.58

Earnings this week… GOGO, KKD, MFRM

Q4 Earnings Reactions

Positive Reactions – BIG, FL, JOY, DRYS, TSL, DDD, MNST, ROST, YOKU, CRM, SHLD, ANF, TGT, DLTR, LOW, HD, M, SCTY, ZU, PCLN, DISH, INTU, AEE, MDRX, ALEX, DTV, TSLA, GRMN, SWY, KRFT, AMAT, CTRP, NVDA, SPWR, TRIP, REGN, CBOE, MCO, ATVI, AKAM, EXPE, GMCR, NXPI, ONNN, ORLY, SCSS, SWI, TWX, DIS, YELP, AGNC, KORS, KEYW, IDXX, XYL, YUM, NOV, SPG, TSN, ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU, MTW, PHM, RYL, UA, VIAB, V, BA, DOW, FB, LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F, ILMN, LXK, CAT, RCL, JNPR, MSFT, KMB, PG, MXIM, SBUX, NFLX, FFIV, URI, UNP, EBAY, MCD, CREE, TXN, UTX, NUAN, XLNX, BHI, DAL, RF, MS, SLB, STI, AXP, SWKS, BAC, LLTC, WEN, MON, MU, STZ, APOL

Negative Reactions – CIEN, COST, CSIQ, HOV, MCP, SSYS, ADSK, CRM, FSLR, SINA, ESRX, GRPN, YNDX, KO, A, GNC, WTW, VFC, WFM, ANGI, CSCO, DISCA, NTAP, RAX, CI, LNKD, TPX, VRSN, ADP, CTSH, HUM, MDC, P, TSO, TWTR, ADM, BWLD, CERN, CHRW, DDD, SFLY, GILD, CVX, MA, MAT, PCAR, AMZN, MMM, CELG, CL, XOM, ESI, HOG, OSTK, POT, SHW, WHR, BA, CTXS, EMC, TSCO, CRUS, GLW, DD, F, VMW, YHOO, AAPL, STX, ZION, HON, KSU, SWK, STT, ALTR, ISRG, KLAC, KEY, JCI, LMT, WDC, ABT, BAX, ATI, COH, FCX, AMD, IBM, HAL, JNJ, TRV, VZ, GE, COF, INTC, UNH, C, GS, CSX, FAST, AA, FDO, BBBY, SCHN (104)

Reversal in progress –ADSK, ATI, A, CRUS CSX, CVX, GS, COF, JNJ, IBM, JCI, KEY, KO, LNKD, MA, RAX, STX, WFM (18, 18%)

Reversal of Initial Reaction – SINA, AA, AAPL, ABT, ADP, ADM, ALTR, BWLD, DISCA, CERN, CL, CSCO, CTSH, CTXS, DDD, HAL, EMC, ESRX, FAST, FDO, FSLR, HOG, BAX, VRSN, HUM, P, GILD, PCAR, MDC, MMM, CELG, HOG, POT, SHW, GLW, DD, HON, SWK, ISRG, KLAC, LMT, SFLY, TPX, TSCO, TSO, WHR,  UNH, VZ,  WDC, VFC, VMW, YHOO, XOM, ZION (54, 51%)

The Market Forecast Green Line closed above 94.

____________________

Setups

H Breakout: BAC, C, GME, GOGO, IBM, IWM, JDSU, PANW, TBT, BIDU, EBAY, ESRX, GOOG, MSFT, NFLX

Diagonal Breakout: CRM, JNPR, XONE, MNST, MU, WFM

Bull Flag: BBRY, CTRP, DRYS, MTW, P, SCTY, SOHU, SPWR, TPX, VRSN, AKAM, FB, GMCR, GRMN, ROST, SNDK, TSLA, YHOO

One Day: ATI, FSLR, GLD, LVS, SFUN, SWI, SWKS, UAL, YOKU, DTV, PCLN, QCOM, TRIP, WYNN, XLNX

Potential Bullish Divergence: 

Gap Up: 

Gap Down:    

Bear Flag: GRPN, X

At Support: CRM, DDD, JNPR, SPLK, TLT, TWTR, GILD, STX

C- Pattern:

Moves

New Highs: AAL, BX, FAS, GLW, SPY, STI, TSL, DAL, ZION, CTSH, FFIV, TXN,

Gap Up: BIG, FL, NKE

Gap Down:   

H Breakout: RAX

Diagonal Breakout:   

Breakout Test: SCSS

Bull Flag Bounce: PANW, RCL, YNDX

Bounce: SBUX

MACD Divergence Bounce: 

Bear Flag: CMCSA,

Support Break: ANR, NTAP, WDC 

______________________

40 of 100 NDX stocks closed higher on Friday and one was unchanged.

Leading NDX 100 stocks included: INTU, PAYX, AMAT, BBBY, SPLS, KLAC, FAST, LLTC, BRCM, SRCL

Lagging NDX stocks included: VIPS, BIIB, REGN, NTAP, WDC, VOD, TSLA, YHOO, NXPI, ILMN

Leading stocks > +2% on Friday included: XONE, STI, GOGO, RAX

Lagging stocks < -2.0% included: ANR, SFUN, WLT, SOHU, CRM, FSLR, YOKU, YNDX, SPLK, CSIQ, SCTY, SCSS, TWTR, SPWR

Stocks to Watch on Monday

Holding Above 30 DMA= 82

ILMN, EQIX, FFIV, ISRG, MU, BIIB, MXIM, NXPI, TSLA, NFLX, ALTR, ALXN, REGN, FB, GMCR, GOOG, WYNN, ADBE, DISH, ORLY, EBAY, AKAM, AVGO, DTV, PCAR, AMGN, ATVI, CERN, EXPE, MNST, MSFT, MYL, NVDA, PCLN, SNDK, TRIP, ADI, XLNX, MAR, AMAT, CHKP, KLAC, TXN, CTSH, GRMN, HSIC, KRFT, LINTA, LLTC, VIAB, BIDU, FOXA, MDLZ, FISV, LBTYA, DISCA, CTXS, FAST, INTU, VOD, WFM, BBBY, CA, DLTR, ROST, SIAL, ADP, TSCO, SBAC, YHOO, AAPL, ADSK, BRCM, ESRX, PAYX, QCOM, AMZN, SRCL, INTC, MAT, SBUX

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

LMCA, WDC

Staying Below 30 DMA

CELG, COST, GILD, SPLW, STX, VRTX, SIRI, CTRX, VRSK, CMCSA, CSCO, CHTR, NTAP, SYMC, EXPD, VIP

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up