Stocks Gain...RUT Advances...WSM Up 8.16% After Earnings Report...ESI Down 20.54%...

Seven of the nine sectors moved HIGHER on Thursday…XLU, XLV and XLY were the strongest sectors…XLP was the weakest sector again.

Breadth was mixed…as advancers led decliners 1.85 to 1 on the NYSE and 2.00 to 1 on the NASDAQ.

Thursday – mixed, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, advancers led

Friday – strengthened, advancers led

SPY up .46 at 189.59 on 61.5 million shares

VIX up.12 at 12.03…

TNX up .18 at 25.55…

TLT down .16 at 112.10...

XLF up .10 at 21.97 on 18.3 million shares

AAPL up .96 at 607.27 on 7.1 million shares

FB up .03 at 60.52…on 54.1 million shares, below average volume

Technical Commentary:

DIA + 0.12%, SPY + 0.24%, QQQ + 0.44%, IWM + 1.04%.

XLK has horizontal breakout and hits new high.

XLV has a short term horizontal breakout and is approaching horizontal resistance.

XLU broke diagonal resistance with today’s bounce.

XLY is approaching horizontal resistance.

RUT is nearing a diagonal breakout with today’s gains.

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 = 188.89, 190.42…

QQQ = 88.61, 89.86…

IWM = 113.03…

Support Levels

SPY = 186.48, 186.01, 184.96

QQQ = 86.58 85.53, 85.11

IWM = 107.44

Q1 Earnings Reactions

Positive Reactions – ADSK, AMAT, DDS, JCP, AAPL, AET, ALL, ALXN, ANGI, ANR, APA, ATVI, BA, BHI, BIDU, BTU, BWLD, BX, C, CHRW, CNX, COG, CTRP, CTRX, CTXS,  DAL, DAVE, DECK, DHI, DNB, DO, DTV, DV, EA, ENR, ETFC, ESI, FCX, FISV, FNMA, FOXA, GE, GILD, GMCR, GME, GRMN, HAL, HAS, HOG, HUM, IBKR, INTC, JNJ, KO, LPNT, LRCX, LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NXPI, PBI, POT, PRU, RF, S, SCHW, SCTY, SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSO, TWX, UNP, URI, UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z

Negative Reactions – DKS, SPLS, TJX, ACI, ADM,  AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BBRY, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DVA, EBAY, ESRX, EXPE, F, FAST, FEYE, FFIV, FXCM, GOOG, GRPN, IBM, JAZZ, JCI, JDSU, JPM, K,  KLAC, KMB, KRFT, LLTC, LLY, LNKD, LVS, LXK, MCP, MMM, MOS, MTW, MU, MXIM, NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI, SOHU, SSYS, STLD, STT, STX, SUNE, SWI, T, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA, 

Reversal in progress – AKAM, BRCM, CHKP, CTSH, EXPE, GRPN, KMB, LLTC, LXK, MOS, NUE, STLD, SUNE, ZION

Reversal of Initial Reaction – ADM, AIG, AKS, ARWR, ATI, BAC, BMY, CAR, CELG, COF, DDD, DIS, F, IBM, K, KRFT, LLY, LVS, MMM, MU, NSC, NUE, NVDA, PG, SIRI, T, UPS, VZ, YNDX, ANGI, BIDU, NFLX, RF, INTC

The SPY Market Forecast green line is pointed up at 80.

____________________

Setups

Horizontal Breakout: CTRP, KKD, SPY, UAL, VRSN, BIDU, CELG, CMCSA, ESRX, GILD, MU,  

Diagonal Breakout: ETFC, FAS, GLW, IWM, JNPR, MFRM, MS, SCSS, STI, ZION, SSYS, TBT, INTC, MSFT, STX, TSLA, TXN,

Bull Flag: RAX,    

Potential Bullish Divergence:   

Gap Up:  

Gap Down:  

Bear Flag:   

At Support: MTW, UNG, UPL, X,  

C- Pattern: 

Moves

New Highs: Z, AAPL, SNDK,

Gap Up:    

Gap Down: ESI,  

H Breakout: C, CREE, NKE, PANW, CIEN, CRM, DDD, LNKD, ADBE, TRIP, WYNN, YHOO,    

Diagonal Breakout: BX, SFUN, SPLK, YELP, AKAM, NTAP, PCLN, SBUX,  

Breakout Test:  

Bull Flag Bounce:  

Bounce: TPX, SCTY, SSYS, UBNT, XONE,   

MACD Divergence Bounce:  

Bear Flag:   

Support Break: SINA,  

______________________

70 of 100 NDX stocks closed higher on Thursday and two were unchanged.

Leading NDX 100 stocks included: DLTR, VRTX, NTAP, TRIP, SIRI, TSLA, REGN, ALXN

Lagging NDX stocks included: ATVI, MDLZ, AKAM, EBAY, MSFT, MNST, SPLS

Leading stocks > +2% on Thursday included: PANW, Z, CREE, KKD

Lagging stocks < -2.0% included: UPL, UNG

Stocks to Watch on Friday

Holding Above 30 DMA= 58

MAR, CHRW, EXPD, SIAL, MDLZ, MU, SNDK, CHTR, GILD, AAPL, CTXS, DTV, ADP, FISV, EQIX, CELG, VRSK, NXPI, AVGO, LBTYA, SBAC, QCOM, ATVI, KRFT, COST, FOXA, ALXN, MNST, SYMC, CTRX, GMCR, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, ESRX, EXPE, LLTC, MAT, SBUX, VRTX, VIAB, FB

Moving Above 30 DMA = 12

ALTR, BIIB, CERN, CHKP, DLTR, NTAP, PCLN, WYNN, TXN, DISCA, REGN, TSLA

Moving Below 30 DMA = 0

Staying Below 30 DMA

ORLY, PAYX, NVDA, ROST, SPLS, DISH, INTC, SRCL, VOD, LMCA, GRMN, YHOO, CTSH, LINTA MYL, FAST, PCAR, ADI, WDC, VIP, STX, ISRG, KLAC, XLNX, BBBY, TSCO, EBAY, WFM, AMZN, CA

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up