All nine sectors moved
lower on Thursday…XLP, XLU, and XLV were the strongest sectors
while XLE was the
weakest.
Breadth weakened…decliners
led advancers…7.48 to 1 on the NYSE and 5.93 to 1 on the
NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
SPY down 4.34 at 192.30 on 209.9 million shares, double average volume
VIX up 3.65 at 18.76…
TNX down .03 at 23.27…
TLT down .05 at 119.34...
XLF down .53 at 22.72 on 89.4 million shares, double average volume
AAPL up .22 at 101.02 on 77.2 million shares, above average volume
FB down 1.77 at 75.75…on 32.4 million shares
Technical Commentary:
DIA – 2.05, SPY
– 2.18%, IWM – 2.91%, QQQ
– 1.98%.
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 Chart Targets:
SPY = 198.98, 200.65, 201.90...
QQQ = 99.75, 100.56…
IWM = 109.8, 111.27, 112.46...
Support Levels
SPY = 194.35, 193.03, 190.28...
QQQ = 96.94, 96.17, 95.06…
IWM = 107.43, 106.74...
Earnings this week: AA, COST, YUM
Q3 Earnings Reactions
Positive Reactions – COST,
BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW,
MFRM,
Negative Reactions – AZO, ADBE, KKD,
CIEN,
More than -10% -
Reversal in progress – AZO,
Reversal of Initial
Reaction – KKD, BBRY, MU,
The SPY Market Forecast is at 29.
___________________
Setups
Horizontal Breakout: MBLY,
GILD, ROST,
Diagonal Breakout: NTES,
AAPL
Bull Flag: GPRO, SPLK, ANGI,
ADSK, DTV, YHOO,
At Support: SPY, CTRP, ETFC, SCHW, UA, V, HOG, BRCM,
Moves
H Breakout: ESI,
Bounce: PANW, ESI,
MACD Divergence Bounce:
XONE,
Support Break: BAC,
______________________
98 out of 100 NDX
stocks closed lower on Thursday.
Leading NDX 100 stocks included:
Lagging NDX stocks included: SRCL, AAPL
Leading stocks > +2% on Thursday:
UAL
Lagging stocks < -2.0% included:
SPWR, CSIQ, X, JCP, RCL, SCHW, FAS,
FEYE, GOGO, SWKS, SCTY, ETFC, SSYS
Stocks to Watch on Friday
Holding Above 30 DMA= 17
COST,
MNST, PAYX, VRTX, ADSK, SIAL, BBBY, YHOO, ALXN, DLTR, ISRG, ADP, GMCR, MYL,
AAPL, ROST, SRCL
Moving Above 30 DMA =
0
Moving Below 30 DMA = 13
AMGN, CELG, CERN, CTSH,
DTV, EBAY, FAST, FB, GILD, LBTYA, MSFT, NFLX, REGN
Staying Below 30 DMA
CSCO,
EXPE, INTU, MU, SBAC, WFM, CHRW, DISH, FISV, AVGO, ALTR, BRCM, CTXS, INTC,
KLAC, NTAP, BIDU, MAR, NXPI, SNDK, TXN, VOD, XLNX, SPLS, AKAM, BIIB, CHKP,GOOG,
QCOM, CHTR, CMCSA, FFIV, LLTC, AMAT, CA, ESRX, EXPD, LMCA, LMCK, MXIM, SYMC,
TRIP, VIAB, VRSK, EQIX, ILMN, MDLZ, NVDA, ORLY, SIRI, CTRX, KRFT, ADBE, AMZN,
ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, TSCO, DISCA, MAT, ADI, WDC, GRMN, PCLN,
PCAR, WYNN
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
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