Seven out of nine
sectors moved higher on Thursday…XLI, XLE and XLV were the strongest sectors
while XLP was the
weakest.
Breadth strengthened…advancers
led decliners…3.42 to 1 on the NYSE and 2.60 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – strengthened,
advancers led
Friday – weakened, mixed
SPY up 2.52 at 194.93 on 146.7 million shares, above average volume
VIX down 1.34 at 16.53…
TNX up .46 at 22.75…
TLT down 1.07 at 119.60...
XLF up .22 at 22.88 on 42.3million shares
AAPL up 1.92 at 104.91 on 70.7 million shares
FB up 1.57 at 79.94…on 34.8 million shares
Technical Commentary:
SPY +
1.31%, DIA + 1.42%, QQQ + 1.59%, IWM + 1.85%.
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 = 194.27, 197.62...
QQQ = 97.10, 98.76…
IWM = 112.15, 114.51…
Support Levels
SPY = 191.48, 190.45...
QQQ = 95.32, 94.47…
IWM = 109.22, 107.00...
Earnings this week:
Monday: AAPL, CMG, HAL,
HAS, ILMN, IBM, BTU,
STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM,
CNI, KO, CREE, ETFC, HOG,
ISRG, KMB, LXK, LMT,
MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday:
T, BA,
DOW, EMC,
EQIX, GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRX,
YELP
Thursday:
MMM, ALK, ALXN, ALTR, AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR,
KLAC, LLY, MXIM, MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS
Q3 Earnings Reactions
Positive Reactions – AAPL,
APOL, EMC, GD, HAL, HAS, HOG, ILMN, KMB, LXK, STLD, SWK, TRV, TXN, ZION, AMD, C, CSX, DAL, GE,
HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU,
NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW,
MFRM,
Negative Reactions – BA,
CMG, DOW, EAT, IBM, KP. LMT, BTU, XRX, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ,
JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% -
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 51.
___________________
Setups
Horizontal Breakout: AA,
BBRY, HOG, QIHU, SWKS, V, YY, GLW, KNDI, SINA, WLT, QCOM, STX, WYNN, YHOO,
Diagonal Breakout: AMBA,
C, CIEN, CRM, EMC, ETFC, JDSU, LNKD, MS, SPWR, SUNE, Z, ANR, MTW, P, ADBE, AMZN,
CMCSA, EBAY, SBUX,
Bull Flag: NTES, SFUN, ESI,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
Support:
C- Pattern:
Moves
New Highs: PANW, AAPL,
CELG,
H Breakout: SPLK, YNDX,
GRMN,
D Breakout: DAL, SPY, GILD,
Breakout Test:
Bull Flag Bounce:
Bounce: ANGI,
MACD Divergence Bounce:
CREE, DDD,
Gap Up: MFRM, SCSS, TPX,
Gap Down: RCL, YELP,
C- Pattern:
Bear Flag:
Support Break: YELP,
______________________
89 out of 100 NDX stocks closed higher
on Thursday and one was unchanged.
Leading NDX 100 stocks included: KLAC, TSCO, ALXN, ORLY, CELG, CHKP, MSFT, STX,
AMAT, CMCSA, DHTR, DISCA, LBTYA, AMGN
Lagging NDX stocks included: AMZN, CTXS, MXIM, ALTR
Leading stocks > +2% on Thursday:
SCSS, SPLK, CIEN, FEYE, PANW, BBRY, QIHU, YY, JDSU, TPX, X, Z, AAL, SWKS
Lagging stocks < -3.0% included:
YELP, GPRO
Stocks to Watch on Friday
Holding Above 30 DMA= 40
SIAL, GMCR, ROST, CHRW,
GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY,
TSCO, VRTX, XLNX, AAPL,AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT,
MA, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO
Moving Above 30 DMA =
13
CA, CERN, CHKP, CHTR, CTSH, EXPD,
INTU, LBTYA, NVDA, SBAC, SBUX, STX, WFM
Moving Below 30 DMA = 0
Staying Below 30 DMA
BIIB, ADSK, DTV, EBAY, FAST, MSFT, NFLX, CSCO, EXPE, INTU, MU, DISH,
AVGO, ALTR, CTXS, INTC, KLAC, NTAP, NXPI, SNDK, VOD, AKAM, CHKP, GOOG, CHTR,
CMCSA, FFIV, LLTC, AMAT, LMCA, LMCK, MXIM, TRIP, VIAB, VRSK, EQIX, MDLZ, NVDA,
SIRI, CTRX, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, SBUX, DISCA, MAT, ADI, WDC,
PCLN
6-month Intermediate
Term Market Trend: Up/Neutral
3-day Short Term Market
Trend: Up
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