Seven of nine sectors
moved higher on Thursday…XLU, XLF
and XLKF were the strongest sectors…XLV was the weakest
sector.
Breadth strengthened as advancers led
decliners 1.30 to 1 on the NYSE and 1.42 to 1 on the NASDAQ.
Thursday – strengthened, advancer led
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday - mixed
Friday – strengthened, advancers led
SPY up .23 at 200.30 on 66.7 million shares, below average volume
VIX down .08 at 12.80…
TNX down .03 at 25.31…
TLT down .38 at 114.58...
XLF up .06 at 23.41 on 29.7 million shares
AAPL up .43 at 101.43 on 62 million shares
FB up .49 at 77.92…on 32.1 million shares
Technical Commentary:
IWM +
0.65%, SPY + 0.11%, QQQ – 0.08%, DIA – 0.09%.
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 this Week: KKD, PANW, LULU, VRA
Q2 Earnings Reactions
Positive Reactions – PANW,
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% - PANW,
MFRM, SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA,
VRSN, X
Negative Reactions – KKD,
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 88.
____________________
Setups
Horizontal Breakout: BBY,
EMC, ETFC, FEYE, JCP, SPLK, SWI,
Diagonal Breakout: IBM,
SCTY, DDD, VJET, ZION,
Bull Flag: AA, CSIQ, CTRP,
GLW, HPQ, JASO, MFRM, NKE, RAX, TPX, TSL, UA, YY,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: CRM, PANW,
RCL,
H Breakout: BAC, GOGO,
KKD, RCL, SINA, UBNT,
D Breakout: XONE,
Bull Flag Bounce:
Gap Up: GOGO, JDSU,
Gap Down:
Bounce: SPY, ATI, BBRY,
C, FAS, FSLR, GME, IWM, JCP, JD, MS, NTES, P, SOHU, X, YOKU, CREE, GTAT, HOG,
MTW,
MACD Divergence Bounce:
C- Pattern:
Bear Flag:
Support Break: SFUN,
______________________
50 of 100 NDX stocks
closed higher on Thursday and two were
unchanged.
Leading NDX 100 stocks included: LBTYA, AMAT, WYNN, ADSK, EXPD, NXPI, CSCO, MAR
Lagging NDX stocks included: VIP, CELG, GILD, BIIB, DISCA, SBUX, REGN,
NVDA, PCLN, SNDK
Leading stocks > +2% on Thursday
included: JDSU, GOGO,
BBRY, UBNT, X, SINA, KKD, FEYE, JCP, P, JD, SOHU
Lagging stocks < -2.0% included:
SFUN, KNDI, MBLY, UPL
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