Stocks Gain Strength With The Financials Leading The Way...Numerous New All-Time Highs Made...WLT Closed Down 20.02%...XONE Down 9.94%...

All nine sectors moved higher on Thursday…XLF, XLB and XLK were the strongest sectors…XLV was the weakest sector.    

Breadth strengthened as decliners led advancers 1.04 to 1 on the NYSE and 1.12 to 1 on the NASDAQ where advancers led decliners.

Thursday – strengthened, mixed

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – strengthened, advancers led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

SPY up 1.09 at 187.75 on 117.1 million shares

VIX down .60 at 14.52…

TNX up .03 at 27.75…

TLT down .19 at 107.07...

XLF up .35 at 22.48 on 91.1 million shares, double average shares

AAPL down 2.56 at 528.70 on 7.4 million shares

FB down 1.27 at 66.97…on 44.4 million shares

Technical Commentary: 

DIA + 0.68%, SPY + 0.58%, QQQ + 0.28%, IWM + 0.13%.

Stocks saw investors climb on board for a ride up in trading today…DJIA gaining 108.88…NASDAQ rose 11.88…and the S&P 500 was up 11.24 with financials leading the way.  XLF was the strongest sector gaining 1.58% and closing at a new high.

WLT broke through support with a gap down on large volume finishing the day down 1.82 or 20.02%.  On disappointing earnings report XONE gapped down and finished the day down 4.35 or 9.94%.  SFUN broke support and by closing bell lost 7.41 or 8.95%.

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 = 187.15, 189.25, 190.55…

QQQ = 90.96, 92.25, 93.05…

IWM = 118.71, 120.64, 121.84…

Support Levels

SPY = 183.75, 182.60

QQQ = 88.87, 87.35, 86.49

IWM = 115.58

Q4 Earnings Reactions

Positive Reactions – KKD, MFRM, KKD, 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 – GOGO, 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, A, CSX, CVX, GS, COF, GOGO, JNJ, IBM, JCI, KO, LNKD, MA, RAX, STX, WFM (16, 16%)

Reversal of Initial Reaction – FSLR, AA, AAPL, ABT, ADP, ADM, ALTR, ATI, BAX, BWLD, DISCA, CELG, CERN, CL, CSCO, CTSH, CTXS, CRUS, DD, DDD, EMC, ESRX, FAST, FDO, FSLR, GILD, GLW, HAL, HOG, HON, HUM, ISRG, KEY, KLAC, LMT, MDC, MMM, P, PCAR, POT, SFLY, SHW, SINA, SWK, TPX, TSCO, TSO, UNH, VZ,  VFC, VMW, VRSN, WDC, WHR,  XOM, YHOO, ZION (58, 55%)

The Market Forecast Green Line closed at 84.

____________________

Setups

H Breakout: ATI, C, CIEN, ESI, FAS, HOG, IBM, STI, SWKS, UBNT, AKAM, FFIV, GRMN, STX, TXN,

Diagonal Breakout: CREE, CRM, LNKD, AAPL, WDC,  

Bull Flag: 

One Day:  

Potential Bullish Divergence: 

Gap Up: 

Gap Down:     

Bear Flag: 

At Support: ANGI, DDD, P, QIHU, SOHU, TWTR, UAL, UNG, YOKU, COST, FB, MU,

C- Pattern:

Moves

New Highs: BAC, ETFC, FSLR, RCL, SCHW, ZION, MSFT, QCOM, SNDK, XLNX,

Gap Up:     

Gap Down: ANR, WLT, XONE,       

H Breakout: MS,      

Diagonal Breakout:     

Breakout Test:

Bull Flag Bounce:  

Bounce: FAS, GLW, DTV, NFLX,

MACD Divergence Bounce: CMCSA,   

Bear Flag: 

Support Break: ANR, RAX, SCTY, SFUN, YELP, WYNN,   

______________________

60 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: AMAT, ADI, TXN, AKAM, ALTR, STX, XLNX, MSFT, WDC, SNDK

Lagging NDX stocks included: YHOO, BIDU, FB, GILD, MYL, ALXN, AMZN, SIRI, VIP, LMCA

Leading stocks > +2% on Thursday included: SPWR, SWKS, FAS, ZION, MS, SCHW, BAC

Lagging stocks < -2.0% included: WLT, XONE, SFUM, ANR, SCTY, YELP, DDD, P, YNDX

Stocks to Watch on Friday

Holding Above 30 DMA= 57

BIIB, MXIM, TSLA, NXPI, ALTR, ADBE, DISH, EBAY, AKAM, AVGO, DTV, PCAR, AMGN, ATVI, MSFT, MYL, NVDA, TRIP, XLNX, MAR, AMAT, KLAC, TXN, GRMN, HSIC, LINTA, LLTC, VIAB, KRFT, MDLZ, FISV, DISCA, CTXS, FAST, INTU, WFM, BBBY, DLTR, ROST, SIAL, ADP, TSCO, ESRX, PAYX, AMZN, MAT, SBUX, CHKP, LMCA, GMCR, BRCM, INTC, QCOM, SNDK, STX, ADI, FFIV

Moving Above 30 DMA = 3

ISRG, SYMC, WDC

Moving Below 30 DMA = 7

AAPL, ALXN, CERN, YHOO, FB, REGN, FOXA

Staying Below 30 DMA

CTSH, EXPE, GOOG, PCLN, WYNN, LBTYA, SBAC, COST, BIDU, MNST, MU, ORLY, SRCL, EQIX, NFLX, ILMN, CA, VRSK, ADSK, VOD, CELG, GILD, SPLS, VRTX, SIRI, CTRX, CMCSA, CSCO, NTAP, CHTR, CHRW, EXPD, VIP

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up