Five of nine sectors moved higher on Thursday…XLE, XLU and XLI were
the strongest sectors…XLK was the
weakest sector.
Breadth weakened as decliners led advancers 1.43 to 1 on
the NYSE and 2.36 to
1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday – weakened, advancers
led
Tuesday – weakened
slightly, advancers led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
Thursday - mixed
SPY down .25 at 188.63 on 76.5 million shares
VIX up .28 at 13.37…
TNX down .13 at 27.90…
TLT up .47 at 107.74...
XLF down .04 at 2239 on 36.8 million shares
AAPL down 3.76 at 538.79 on 5.7 million shares
FB down 3.24 at 59.48…on 82.8
million shares, average volume
Technical
Commentary:
IWM – 1.01%,
QQQ – 0.79%, SPY –
0.13%, DIA – 0.02%.
After four
days of tallying gains…stocks took a breather today and closed the trading
session in negative territory with the DJIA down only .45…the NASDAQ down 38.72…and the S&P 500 down 2.13…and
all this ahead of tomorrow’s US jobs report.
APC soared today on volume of 44.7
million shares closing up 12.55 or 14.51%. Investors clamored for the
breakfast cereal today…K climbed 3.74 or 5.97% reaching an all-time high on volume of 7.7 million
shares. RPM gapped up on earnings
breaking an all-time double top of mid-January and early March…RPM rose 1.97 or 4.67% on volume
of 2.4 million shares.
SNX reported positive earnings and in
after-hours trading SNX is up 8.58 or 13.75%.
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 = 89.39, 90.96, 92.25…
IWM = 118.31, 120.25…
Support Levels
SPY = 187.34, 183.90, 183.63
QQQ = 86.40, 85.88
IWM = 113.69, 111.35
The Market Forecast green
line is pointed up and is at 82.
____________________
Setups
H Breakout: CMCSA, GRMN, NTAP, ROST, CTRP, FAS, SCSS,
Diagonal Breakout: ESI, SPWR, SWI, CSIQ, UNG, WLT,
Bull Flag: SNDK,
One Day:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: EBAY, MNST, NFLX, SBUX, FSLR, DDD, TWTR,
C- Pattern:
Moves
New Highs: QCOM, GLW,
Gap Up: INTC,
Gap Down:
H Breakout: JNPR, X,
Diagonal Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: TLT,
MACD Divergence Bounce:
Bear Flag:
Support Break: ADBE, ADSK, AKAM, AMZN, ETFC, PANW, UBNT,
LNKD, SOHU, SPLK, YELP,
______________________
32 of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: ISRG, INTC, FAST,
KRFT
Lagging NDX stocks included: ILMN, FB, ADBE,
VRTX, TRIP, EXPE, CTRX
Leading stocks > +2% on Thursday
included: INTC
Lagging stocks < -2.0% included: FB, ADBE, TRIP, AKAM, CELG, ADSK, AMZN,
YHOO, MNST, PCLN, NFLX, WYNN
Stocks to Watch on Friday
Holding Above 30 DMA= 47
AVGO,
PCAR, ATVI, MSFT, MAR, XLNX, AMAT, KLAC, TXN, GRMN, LLTC, KRFT, FAST, MAT, ADI,
BRCM, INTC, QCOM, SNDK, STX, WDC, AAPL, CSCO, NXPI, DISH, MDLZ, PAYX, ROST, BBBY,
MXIM, ALTR, CHRW, DTV, HSIC, ISRG, AMGN, CTSH, DISCA, EXPD, FOXA, LINTA, NVDA, SIAL,
CMCSA, FISV, SPLS, VIAB,
Moving Above 30 DMA = 0
Moving Below 30 DMA = 0
Staying Below 30 DMA
ADP, CHKP, CHTR, EXPE, MU, SBUX, TSCO, CTXS, INTU, AKAM, EBAY, ESRX,
FFIV, MYL, WFM, LMCA, TSLA, TRIP, ADBE, AMZN, BIIB, DLTR, SYMC, GMCR, ALXN,
CERN, YHOO, FB, REGN, GOOG, PCLN, WYNN, LBTYA, SBAC, COST, BIDU, MNST, ORLY,
SRCL, EQIX, NFLX, ILMN, CA, VRSK, ADSK, VOD, CELG, GILD, VRTX, SIRI, CTRX,
NTAP, VIP
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral
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