Six out of nine sectors moved higher on Wednesday…XLY,
XLP and XLV were the strongest sectors…XLU was the
weakest.
Breadth strengthened…as advancers led decliners 1.07 to 1 on
the NYSE and 1.24 to 1 on the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
Friday – weakened, mixed
Thursday – strengthened,
advancers led
SPY up .39 at 193.19 on 55 million shares
VIX up .21 at 12.08…
TNX up .13 at 26.06…
TLT down .03 at 111.54...
XLF up .06 at 22.44 on 19.5 million shares
AAPL up 7.28 at 644.82 on 11.9 million shares
FB up .47 at 63.34…on 36.4 million shares, below average volume
Technical Commentary:
IWM + 0.39%, QQQ
+ 0.37%, SPY + 0.20%, DIA + 0.07%.
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 = 191.49, 192.85,
194.36…
QQQ = 91.36, 93.39…
IWM = 114.55, 115.02…
Support Levels
SPY = 190.42, 188.54,
188.01…
QQQ = 88.61, 87.85,
86.58…
IWM = 113.03, 112.02,
111.04…
Q1 Earnings Reactions
Positive Reactions –
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 – 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, ANGI, ANR, BTU, COG, DECK,
ETFC, RF, SCHW, SWK, INTC, YHOO
The SPY Market Forecast green line is in the upper zone at 99.
____________________
Setups
Horizontal Breakout: FAS,
GOGO, RCL, STI, UAL, UNG, BAC, TBT, AKAM, GILD, MU,
Diagonal Breakout: GLW,
SCSS, MTW,
Bull Flag: QIHU, SFUN,
V, AMZN, BIDU, CMCSA, PCLN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: SOHU, SCTY,
C- Pattern:
Moves
New Highs: AAL, AIG, DAL,
SPY, SWKS, TPX, AAPL, SNDK,
Gap Up: SPWR,
Gap Down:
H Breakout: BX, UPL, YNDX,
CELG, WDC,
Diagonal Breakout: HOG,
FSLR, COST,
Breakout Test:
Bull Flag Bounce:
Bounce: CIEN, GME, GTAT,
IWM, MS, NKE, SCSS, SUNE, Z, ANR, BBRY, LVS, NTES, TWTR, UBNT, YOKU, ESRX, FB, GRMN,
MNST, ROST,
MACD Divergence Bounce:
ATI, X, WFM,
Bear Flag:
Support Break: DDD,
JCP, KKD,
______________________
68 of 100 NDX stocks
closed higher on Wednesday.
Leading NDX 100 stocks included: BRCM, VIP, CELG, MNST, WFM, AMGN, VRSK, ORLY,
EQIX
Lagging NDX stocks included: LBTYA, PCLN, VOD, FFIV, NTAP, CELG, MNST
Leading stocks > +2% on Wednesday
included: FSLR, X,
BBRY, YOKU, NTES
Lagging stocks < -2.0% included:
CSIQ, XONE,
Stocks to Watch on Thursday
Holding Above 30 DMA= 84
MAR, CHRW,
MDLZ, EXPD, SIAL, MU, SNDK, CHTR, GILD, AAPL, CTXS, DTV, EQIX, ADP, CELG, FISV,
NXPI, AVGO, LBTYA, SBAC, QCOM, DRFT, ATVI, FOXA, CTRX, GMCR, ALXN, SYMC, ILMN,
ADSK, NFLX, CSCO, ADBE, AMAT, FFIV, HSIC, INTU, MSFT, MXIM, TRIP, BIDU, CMCSA,
SIRI, BRCM, GOOG, VIAB, AKAM, AMGN, BIIB, CERN, ESRX, EXPE, LLTC, PCLN,
SBUX,VRTX, FB, DISCA, ALTR, DLTR, NTAP, WYNN, TXN, ADI, REGN, TSLA, AMZN, GRMN,
KLAC, MYL, NVDA, STX, WDC, VIP, INTC, LINTA, COST, ORLY, SRCL, LMCA, ISRG, PCAR
Moving Above 30 DMA = 5
CTSH,
MAT, ROST, VRSK, TSCO
Moving Below 30 DMA = 1
PAYX
Staying Below 30 DMA
MNST,
CHKP, YHOO, DISH, SPLS, VOD, XLNX, BBBY, EBAY, WFM
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
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