SPY, DIA, QQQ Rise Following Quarterly Dividend on Expiration Friday...XONE, BBRY, CSIQ, YNDX on the Rise Once Again...

Five of nine sectors moved higher on Friday…XLE, XLV and XLB were the strongest sectors…XLU was the weakest. 

Sector Posture – all sectors are positive 

Positive trend: XLB, XLE, XLF, XLI, XLK, XLP, XLV, XLY, XLU

Neutral trend near resistance:

Neutral trend near support:

Breadth strengthened…as advancers led decliners 1.33 to 1 on the NYSE and 1.34 to 1 on the NASDAQ.

Friday – strengthened, advancers led

Thursday – mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

Monday – mixed, advancers led

SPY up .40 at 195.94 on 100.6 million shares following a .93669 quarterly dividend

VIX up .23 at 10.85…

TNX up .02 at 26.24…

TLT up .84 at 111.80...

XLF up .09 at 22.83 on 22.82 million shares following a .08961 quarterly dividend

AAPL down .95 at 90.91 on 100.8 million shares

FB up .16 at 64.50…on 46.4 million shares

Technical Commentary:

IWM +0.33%, SPY + 0.20%, DIA + 0.19%, QQQ +0.12%.

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 = 196.05, 197.87, 198.99 …

QQQ = 93.02, 94.31, 94.89…

IWM = 117.48, 118.48, 120.30…

Support Levels

SPY = 193.11, 191.96, 190.88…

QQQ = 91.73, 90.44…

IWM = 114.66, 113.62…

EARNINGS this week:

Monday – HTZ, MU,

Tuesday – CCL

Wednesday – APOL, BKS, BBBY, GIS, MON

Thursday – ESI, LEN, NKE, SCHN

Friday – KBH, FINL

Q1 Earnings Reactions

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

Negative Reactions – ORCL, LULU, KKD, SPLK, 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, DKS, DVA, EBAY, ESI, 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, NKE,NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI, SOHU, SPLS, SSYS, STLD, STT, STX, SUNE, SWI, T, TJX, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,

Reversal in progress – AEIS, AMGN, BRCM, CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, MOS, NUE, PCAR, STLD, WDC, ZION

Reversal of Initial Reaction – ADM, AIG, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF, DDD, DIS, DISCA, DVA, ESRX, F, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS, MMM, MU, NKE, NSC, NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, STX, SUNE, T, UPS, VIAB, VMW, VZ, YNDX, YY, ANR, BTU, COG, YHOO

The SPY Market Forecast green line is rising in the upper zone at 92.

____________________

Setups

Horizontal Breakout: AAL, ATI, FAS, JCP, P, SCSS, STI, SUNE, SWKS, XONE, ZION

Diagonal Breakout: BAC, BX, CIEN, CREE, DDD, GOGO, HOG, QIHU, SPWR,

Bull Flag: ANGI, CRM, CTRP, ETFC, FEYE, FSLR, GTAT, JASO, JD, LNKD, MS, PANW, RAX, SSYS, SWI, UBNT, YELP

Potential Bullish Divergence: 

Gap Up:  

Gap Down:

Bear Flag:  At Support:       

C- Pattern:

Moves

New Highs: BBRY, GLW, NTES, SCTY, UPL, YNDX, Z,

H Breakout: CSIQ, GLW, IWM, JDSU,

Diagonal Breakout: MTW, YNDX,

Bull Flag Bounce: SCHW,

Gap Up:

Gap Down: 

Breakout Test: AIG, GME, SPY, X,

Bounce: 

MACD Divergence Bounce:  

Bear Flag:  SFUN,    

Support Break:

C- Pattern: 

______________________

38 of 100 NDX stocks closed higher on Thursday and three were unchanged.

Leading NDX 100 stocks included: ALXN, AMGN, DISH, BIIB, NXPI,CLEG, GILD, KLAC, CHTR, CTRX

Lagging NDX stocks included: REGN, WFM, DISCA, FOXA, SIRI, YHOO, TSCO, GRMN, VIAB, NTAP

Leading stocks > +2% on Friday included: XONE, BBRY, CSIQ, YNDX, AAL, TSL, Z, JASO,

Lagging stocks < -2.0% included: SFUN, GOGO, SOHU, SWI, GTAT

Stocks to Watch on Monday

Holding Above 30 DMA= 73

MAR, CHRW, SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT, CMGR, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM GOOG,  SIRI, AKAM, AMGN, BIIB, EXPE, FB, LLTC, SBUX, VIAB, ALTR, CERN, DISCA, DLTR, NTAP, REGN, TSLA, TXN, ADI, AMZN, GRMN, KLAC, NVDA, INTC, MYL, STX, VIP,  WDC, ORLY, SRCL, FAST, ISRG, LMCA, CHKP, MNST, XLNX, PAYX, PCAR, SYMC, CA, CTSH, DISH, DTV, MAT, QCOM

Moving Above 30 DMA = 3

ALXN, FISV, GILD                                          

                                   

Moving Below 30 DMA = 5

COST, FOXA, LINTA, PCLN, WFM                                                                        

Staying Below 30 DMA

BBBY, CA, CERN, DISCA, REGN, ROST, YHOO, ESRX, VRSK, EXPD, VRTX, MDLZ, TSCO, SBAC, LBTYA, WYNN, SPLS, VOD, EBAY

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up