Stocks Continue To Gain Traction...Many Stocks At Horizontal Resistance Or Diagonal Resistance Level...In After Hours Trading MNST Soars Up 22.33% While JCP Rises 3.18%...

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

Breadth weakened as advancers led decliners 2.10 to 1 on the NYSE and 1.31 to 1 on the NASDAQ.

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – strengthened, advancers led

Friday – strengthened, advancers led

SPY up .92 at 195.76 on 57.3 million shares, below average volume

VIX down .48 at 12.42…

TNX down .13 at 24.00…

TLT up .93 at 116.44...

XLF up .14 at 22.69 on 21.9 million shares, below average volume

AAPL up .26 at 97.50 on 28 million shares

FB up .53 at 74.30…on 22.1 million shares

Technical Commentary:

QQQ + 0.52%, SPY + 0.47%, DIA + 0.37%, IWM +0.15%.

Traders continue to follow your entry rules, now.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Short-term up trend Chart Targets:

SPY = 194.30, 195.78, 196.62, 198.05...

QQQ = 96.31, 97.52, 98.28

IWM = 112.23, 114.31...

Support Levels

SPY = 191.57, 189.51...

QQQ = 93.57, 91.73, 90.44…

IWM = 110.15, 108.86...

Earnings season is winding down while the ramp up for retail earnings begins. 

This week:  PCLN, GOGO, CSIQ, JDSU, CREE, RAX, VJET, XONE, SINA, NTES, ADSK, NTAP, JCP, JD

Q2 Earnings Reactions

Positive Reactions – CSIQ, PCLN, NVDA, MNST, ANR, FSLR, GTAT, LNKD, SFUN, SSYS, SUNE, UBNT, YOKU, AKS, AMGN, CHRW, ESRX, HCA, HES, LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI, UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS, DAL, DECK, DOW, FFIV, FB, FTI, GD, LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS, RHI, STLD, SWK, TSCO, TXN, WHR, XRX, ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA, STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,

More than 10% - TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – CREE, GOGO, JDSU, RAX, SCTY, YELP, CTSH, MYL, AEM, AET, AKAM,  BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPL, UPS, VRTX, XOM, ALK, ALXN, AMZN, ANGI, ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN, JNPR, KLAC, KMB, KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX, TRIP, TRV, UTX, V, XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST, FDO, CAMP, BBBY, GIS, CCL, WAG,

More than -10% - AMD, ANGI, BWLD, CAMP, DHI, HLF, MXIM, P, SNDK, XLNX,

Reversal in progress – GIS, WAG,

Reversal of Initial Reaction – BBBY, YHOO, APOL, KBH, MON,

The SPY Market Forecast green line is pointed UP at 43.

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Setups

Horizontal Breakout: SPY, AAL, BBRY, EMC, ETFC, GME, JCP, NKE, NTES, P, RCL, SUNE, SWKS, VRSN, YELP, RAX, AAPL, ADSK, CELG, CTXS, EXPE, INTC, MNST, NFLX, YHOO,

Diagonal Breakout: AA, AIG, DAL, BAC, AKAM, COST, GRMN, MU, STX,

Bull Flag:  CTRP, SCSS, SCTY, SFUN, SSYS, FFIV, PCLN,

Potential Bullish Divergence:

Gap Down:

At Support:  ANGI, CIEN, JNPR, VJET, SBUX,

C- Pattern:  

Moves

New Highs: MAR,

H Breakout: CSIQ, HPQ, TLT, ESRX, GILD, MAR, NTAP, XLNX,

D Breakout: UAL,  

Bull Flag Bounce: ROST,

Gap Up: AVGO,

Gap Down:

Bounce: CRM, MYL,

MACD Divergence Bounce: GOGO, ZION,

C- Pattern:  

Support Break: XONE,   

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79 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: NTAP, LMCA, AMGN, ALXN, AVGO, GILD, AMZN, LBTYA, ORLY, DISH

Lagging NDX stocks included: CSCO, NVDA, MU, CERN, SBUX, PCLN, VOD, INTC, CHRW, FFIV

Leading stocks > +2% on Thursday included: CSIQ, JCP, UAL, AAL, GPRO, DAL, TWTR, X

Lagging stocks < -2.0% included: LOCO, SSYS, FEYE

Stocks to Watch on Friday

Holding Above 30 DMA= 50

CHRW, BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, ISRG, YHOO, SPLS, ESRX, DLTR, TSLA, FOXA, MSFT, NFLX, ADP, CTRX, DISCA, MNST, NVDA, ROST, WFM, AAPL, ATVI, CHKP, INTU, MAR, PAYX, BIIB, EQIX, ADSK, ALXN, CELG, FISV, SIAL, SIRI, VRSK

Moving Above 30 DMA = 14

AKAM, AMZN, AVGO, CMCSA, DISH, HSIC, KLAC, LBTYA, LMCA, ORLY, SRCL, STX, TSCO, VIP

Moving Below 30 DMA = 0

                                                                                          

Staying Below 30 DMA

CTSH, WYNN, BRCM, CA, DTV, CHTR, CSCO, GOOG, SBUX, VOD, VRTX, ADBE, MDLZ, EXPD, PCAR, MU, MYL, LINTA, ILMN, QCOM, TRIP, ALTR, GMCR, KRFT, LLTC, NXPI, TXN, VIAB, XLNX, AMAT, SNDK, MAT, ADI, GRMN, FAST, MXIM,

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up