Two out of nine
sectors moved higher on Thursday…however
XLU, XLI and XLK were the strongest sectors…XLV was the
weakest sector.
Breadth weakened as decliners led
advancers 1.16 to 1 on the NYSE and 1.75 to 1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday – strengthened,
advancers led
Tuesday – weakened, decliners led
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
SPY down 1.04 at 191.03 on 135.5 million shares, above average volume
VIX up .29 at 16.66…
TNX down .50 at 24.24…
TLT up 1.07 at 115.77...
XLF down .10 at 22.16 on 39.8 million shares, above average volume
AAPL down .01 at 94.48 on 46.5 million shares
FB up .70 at 73.17…on 38 million shares
Technical Commentary:
QQQ – 0.32% DIA
– 0.40%, IWM – 0.48%, SPY – 0.54%.
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...
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...
Q2 Earnings Reactions
Positive Reactions –
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, OSTK, SWI, UA, VRSN, X
Negative Reactions –
AEM, AET, AKAM, BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC,
KRFT, LNG, MTW, RYL, SLCA, 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 14.
____________________
Setups – The following stocks will be monitored this week
for potential
moves: AAPL, GILD, AA, HPQ, TWTR, FB, BIDU, EMC,
CTRX, UA, WDC, ESRX
Moves for Thursday:
Bull Flag Bounce Continuation: CTXS,
WDC, ESRX
______________________
24 of 100 NDX stocks
closed higher on Thursday and one was
unchanged.
Leading NDX 100 stocks included: FOXA, NFLX CTSH, TSLA, MSFT, VRSK, SYMC, FB
Lagging NDX stocks included: NXPI, MU, MYL WFM, WYNN, VIP, SNDK, ATVI,
VRTX, SPLS, ADI, AMAT
Leading stocks > +2% on Thursday
included: SFUN, SUNE,
CTRP, SCTY, SPWR, FEYE, SSYS, XONE, VJET FSLR, JCP, GTAT
Lagging stocks < -2.0% included:
RCL, JDSU, ETFC, LVS
Stocks to Watch on Friday
Holding Above 30 DMA= 25
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,
Moving Above 30 DMA = 3
FOXA, MSFT, NFLX
Moving Below 30 DMA = 4
ATVI, BIIB, DISCA, WFM
Staying Below 30 DMA
AAPL, CHKP, CTSH, TSCO,
WYNN, ADP, BRCM CA CELG, MAR, STX, CTRX, DTV, EQIX, FISV, INTU, AKAM, ALXN,
CHTR, CMCSA, CSCO, GOOG, LMCA, ORLY, PAYX, SBUX, SIAL, SIRI, SRCL, VOD, VRTX,
ADBE, MDLZ, VRSK, EXPD, PCAR, MU, LYL, ADSK, AMZN, HSIC, KLAC, LINTA, AVGO,
DISH, ILMN, QCOM, TRIP, ALTR, GMCR, KRFT, LLTC, NXPI, TXN, VIAB, XLNX, AMAT, LBTYA,
NVDA, VIP, SNDK, MAT, MNST, ADI, ROST, GRMN, FAST, MXIM
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Down
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