SPY, DIA, Sectors XLB, XLE, XLF, XLI, XLK, XLP, XLV All-time New High Close...CIEN Gaps +18% on Positive EPS...

All nine sectors moved higher on Thursday…XLI, XLF and XLU were the strongest sectors…XLV was the weakest. 

Sector Posture 

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

Neutral trend near resistance:

Neutral trend near support:

XLF is very near breaking out and moving from neutral to positive.

Breadth strengthened…as advancers led decliners 3.59 to 1 on the NYSE and 3.67 to 1 on the NASDAQ.

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, mixed

SPY up 1.26 at 194.45 on 92.1 million shares, above average volume

VIX down .40 at 11.68…

TNX down .22 at 25.84…

TLT up .05 at 111.59...

XLF up .21 at 22.65 on 31 million shares

AAPL up 2.53 at 647.35 on 10.8 million shares

FB down .15 at 63.19…on 47.3 million shares, below average volume

Technical Commentary:

IWM + 2.10%, QQQ + 0.84%, SPY + 0.65%, DIA + 0.60%.

SPY, DIA new-all time high and QQQ new bull market high.  XLB, XLE, XLF, XLI, XLK, XLP and XLV new all-time closing high with all nine sectors positive.

CIEN +3.49, +18.38% on positive earnings reaction.

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 98.

____________________

Setups

Horizontal Breakout: BX, GLW, GOGO, NKE, PANW, RAX, RCL, SPWR, JDSU, SCHW, SWI, TWTR, ZION, ADBE, AKAM, CTSH, ESRX, FFIV, GRMN, MSFT, WDC, YHOO,  

Diagonal Breakout: ATI, CREE, GME, P, SCSS, IBM, LVS, SINA,     

Bull Flag:  

Potential Bullish Divergence:    

Gap Up:    

Gap Down:

Bear Flag: 

At Support:     

C- Pattern: 

Moves

New Highs: SPY, AAPL, SNDK,  

Gap Up: CIEN, COST,   

Gap Down:  

H Breakout: C, FAS, IWM, MS, STI, UNG, VRSN, BAC, MTW, UBNT, AMZN, CMCSA, COST, WFM,   

Diagonal Breakout: SCHW, X,   

Breakout Test:

Bull Flag Bounce:   

Bounce: JASO, JCP, QIHU, V, ANR, GLD, SINA, SSYS, SWI, ADBE, BIDU, GOOG, TSLA,

MACD Divergence Bounce: SCTY, SPLK, WLT,   

Bear Flag:    

Support Break:        

______________________

79 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: AMZN, WFM, TRIP, WDC, MXIM, SPLS, MSFT, SNDK, DISCA, ADBE, ILMN

Lagging NDX stocks included: WYNN, AMGN, REGN

Leading stocks > +2% on Thursday included: CIEN, JD, P, FAS, BAX, PANW, IWM, SPLK, UBNT, MTW, ANR, SCTY, WLT, ESI, TWTR, JDSU, MFRM

Lagging stocks < -2.0% included: TSL, SFUN, FSLR,

Stocks to Watch on Friday

Holding Above 30 DMA= 88

MAR, CHRW, EXPD, SIAL, MDLZ,MU, SNDK, GILD, CHTR, AAPL, CTXS, DTV, ADP, CELG, FISV, EQIX, NXPI, AVGO, LBTYA, SBAC,QCOM, ATVI, KRFT, FOXA, GMCR, ALXN, SYMC, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, ESRX, EXPE, LLT, PCLN, SBUX, VRTX, VIAB, FB, ALTR, CERN, DLTR,NTAP, TXN, DISCA, REGN, TSLA, AMZN, GRMN, KLAC, NVDA, ADI, INTC, LINTA, MYL, STX, WDC, VIP, COST, ORLY, SRCL, FST, ISRG, LMCA, CTSH, PCAR, TSCO, MAT, PAYS, ROST, VRSK

Moving Above 30 DMA = 2

CHKP, YHOO

Moving Below 30 DMA = 1

WYNN

Staying Below 30 DMA

MNST, DISH, SPLS, VOD, XLNX, BBBY, EBAY,  WFM, CA

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up