All nine sectors moved
higher on Friday…XLU, XLE and
XLK were the strongest sectors…XLF was the weakest sector.
Breadth strengthened as advancers led
decliners led 1.68 to 1 on the NYSE and 1.20 to 1 on the NASDAQ.
Friday – strengthened,
advancers led
Thursday – weakened, decliners led
Wednesday – weakened, decliners led
Tuesday – weakened, decliners led
Monday – holiday
SPY up .90 at 201.11 on 102.2 million shares, above average volume
VIX down .55 at 12.09…
TNX up .13 at 24.61…
TLT down .22 at 115.73...
XLF up .03 at 23.46 on 24.4 million shares
AAPL up .85 at 98.97 on 58.4 million shares, above average volume
FB up 1.31 at 77.26…on 29.4 million shares, a new all-time high close
Technical Commentary:
QQQ +0.50%,
SPY +0.45%, DIA +0.35%, IWM +0.32%.
SPY and DIA close at a
new all-time high. QQQ rallies to second
high close this year.
Stocks started flat following a weaker than expected Jobs Report but finished at new highs.
Traders continue to
follow your entry rules.
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 = 200.00, 201.37, 204.32...
QQQ = 99.75,
101.13…
IWM = 115.73, 117.06, 118.76...
Support Levels
SPY = 197.59, 196.24,
195.16...
QQQ = 99.08, 97.99,
97.51…
IWM = 115.51, 114.31,
113.49...
Earnings Next Week:
Q2 Earnings Reactions
Positive Reactions – MFRM,
SPLK, AVGO, CRM, GPS, TFM, FL, AMAT, CSIQ, GME, HPQ, PCLN, NTES,
ROST, SINA, 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% - MFRM, SPLK,
TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X
Negative Reactions – CIEN,
BBY, QIHU, TSL, ADSK, CREE,
GOGO, JASO, JDSU, JWN, M, RAX, YOKU, 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 – AET, AKAM, ALXN, AMZN,
ATI, EA, GIS, GRMN, ILMN, KO, KRFT, LNG, P, RYL, STX, TPX, VRTX,
Reversal of Initial
Reaction – BBY, TSL, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP,
YHOO, APOL, KBH, MON,
The SPY Market Forecast green line is at 94.
____________________
Setups
Horizontal Breakout: BBY,
CTRP, JASO, JCP, NTES, SCTY, SFUN, SPWR, SSYS, STI, UBNT,
Diagonal Breakout: BAC,
CAR, CRM, EMC, GOGO, GTAT, IBM, SCHW, SCSS, V, Z
Bull Flag: IWM, AIG, ATI, BBRY,
C, DAL, ETFC, FAS, FEYE, FSLR, HPQ, MS, SUNE, SWKS, UPL, YELP,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: KNDI,
C- Pattern:
Moves
New Highs: GPRO, SPY,
DIA, CTRP, LNKD, MFRM, NKE, RAX, RCL, SWI, TSL, UA, UAL, X,
H Breakout: AA, GME, NKE,
SWI, TPX,
D Breakout:
Bull Flag Bounce: SPLK,
Gap Up:
Gap Down:
Bounce: GPRO, KKD,
MACD Divergence Bounce:
JDSU,
______________________
88 of 100 NDX stocks
closed higher and one was unchanged on
Friday.
Leading NDX 100 stocks included: ESRX, SNDK, MU, AVGO, AKAM, FB, GRMN, CMCSA,
COST, BRCM
Lagging NDX stocks included: TSLA, PCLN, GILD, EBAY, XLNX, CELG, GMCR,
EXPE, ROST, TRIP
Leading stocks > +2% on
Friday included: GPRO, LOCO,
SPLK, NKE, SWKS, JDSU, UPL, TSL, CSIQ, PANW
Lagging stocks < -2.0% included:
JD
Stocks to Watch on Monday
Holding Above 30 DMA= 80
INTC, SYMC,
GILD, SBAC, NTAP, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, ISRG,
YHOO, ESRX, TSLA, FOXA, MSFT, NFLX, ADP, CTRX, DISCA, MNST, NVDA, ROST, WFM, ATVI,
CHKP, MAR, PAYX, EQIX, ALXN, CELG, FISV, SIAL, SIRI, VRSK, AKAM, AVGO, DISH,
HSIC, KLAC, LMCA, ORLY, STX, VIP, ALTR, AMAT, BRCM, TXN, ADBE, ILMN, LINTA,
TSCO, FAST, NXPI, SNDK, GMCR, AMZN, CMCSA, DTV, KRFT, VRTX, MXIM, SPLS, LLTC,
XLNX, BIDU, CA, CHTR, DLTR, GOOG, CHRW, EXPD, MAT, MU, QCOM, TRIP
Moving Above 30 DMA =
3
AAPL, INTU, SBUX
Moving Below 30 DMA = 3
ADI, EBAY, VOD
Staying Below 30 DMA
ADSK, BIIB,
WDC, LBTYA, MYL, SRCL, GRMN, PCLN, PCAR, CTSH, WYNN, CSCO, MDLZ, VIAB
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market Trend:
Up/Neutral
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