Seven out of nine
sectors moved higher on Thursday…XLV, XLU and XLB were the strongest sectors
while XLE was the
weakest.
Breadth strengthened…advancers
led decliners…1.75 to 1 on the NYSE and 1.73 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – weakened,
advancers led
SPY up 1.14 at 199.25 on 113 million shares
VIX down .63 at 14.52…
TNX down .18 at 23.05…
TLT up .33 at 119.79...
XLF down .01 at 23.43 on 33.8 million shares, below average volume
AAPL down .44 at 106.90 on 40.5 million shares
FB down 1.77 at 74.09…on 83.1 million shares, above average volume
Technical Commentary:
QQQ +
0.15%, SPY + 0.58%, IWM + 0.88%, DIA + 1.26%.
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 = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56…
IWM = 114.51, 115.73, 117.48…
Support Levels
SPY = 196.49, 194.69...
QQQ = 99.08, 98.02…
IWM = 111.30, 109.77...
Earnings this week:
Monday: AMGN, BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET,
AGN, ACI, CHRW, COH, CNX,
GLW, EA, ESRX, FB, FISV, GILD, HCA, MAR, PCAR,
PNRA, PFE, SCHN, SIRI, SWI, X, WDC, WHR,
Wednesday: AEM, BIDU, CAR, LNG,
EQIX, FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE,
GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX,
TEVA, UPL, WWE,
Friday: CBOE, CLX, WY
Q3 Earnings Reactions
Positive Reactions –
AMGN, BWLD, CLF, MTW, STX, WHR, AAPL, ALK, ALXN, APOL,
BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN,
IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT,
SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, 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% - BWLD, N, EW, TSCO, NKE,
ULTA, LULU, PANW, MFRM,
Negative Reactions – TWTR,
MRK, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR,
KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL,
INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% - P,
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 79.
___________________
Setups
Horizontal Breakout: SPY,
AMBA, BAC, C, CMGE, FAS, GME, GOGO, HOG, IWM, NTES, RCL, SCTY, SWKS, XONE, SINA,
ZNGA, ADBE, ADSK, AKAM, BRCM, FFIV, MNST,
Diagonal Breakout: CSIQ,
LOCO, LVS, SCHW, SUNE, UNG,
Bull Flag: MFRM, SCSS, SPLK,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: NKE, CELG,
COST, GMCR, ILMN, MAR,
H Breakout: BBY, BIDU,
ESRX,
D Breakout: CIEN, CTRP, JDSU, YOKU,
Breakout Test:
Bull Flag Bounce:
Bounce: SFUN, SOHU, DTV,
MACD Divergence Bounce:
Gap Up: V,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: ZU,
______________________
70 out of 100 NDX stocks closed higher
on Thursday.
Leading NDX 100 stocks included: CTRX, EQIX, AKAM, BIDU, MYL, FFIV, EXPE, VIP,
GILD, ATVI
Lagging NDX stocks included: SBUX, CHRW, AVGO, DISCA, INTC, NXPI, FB
Leading stocks > +2% on Thursday:
GPRO, V, CMGE, AMBA, JDSU, LNKD, BBY
Lagging stocks < -3.0% included:
TPX, TSL, X, SPWR
Stocks to Watch on Friday
Holding Above 30 DMA= 72
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,
MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN,
CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA,
KLAC, LMCA, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK,
MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC
Moving Above 30 DMA = 6
AKAM, BIIB, CTRX, DISH, EQIX, SIRI
Moving Below 30 DMA = 4
ADI, DISCA, INTC, MXIM
Staying Below 30 DMA
FB, TRIP, DTV, EBAY, FAST, NFLX, CSCO, EXPE, ALTR, CTXS, SNDK, GOOG,
LLTC, VIAB, AMZN, ATVI, TSLA, VIP, MAT
6-month Intermediate
Term Market Trend: Up/Neutral
3-day Short Term Market Trend: Up
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