Four out of nine
sectors moved higher on Wednesday…XLF, XLE and XLV were the strongest sectors
while XLI was the
weakest.
Breadth weakened… decliners led advancers…1.32 to
1 on the NYSE and 1.22 to 1 on the NASDAQ.
Wednesday – weakened, decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – weakened, advancers
led
Thursday – strengthened,
advancers led
SPY down .56 at 197.85 on 141.8 million shares
VIX up .76 at 15.15…
TNX up .39 at 23.23…
TLT down .27 at 119.46...
XLF up .05 at 23.43 on 45 million shares
AAPL up .47 at 107.21 on 52.5 million shares
FB down 5.12 at 75.65…on 105.6 million shares, above average volume
Technical Commentary:
SPY – 0.30
%, IWM – 0.46%, QQQ – 0.62%, DIA unchanged.
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 74.
___________________
Setups
Horizontal Breakout: AMBA,
C, GOGO, HOG, JDSU, MBLY, MFRM, RCL, V, XONE, JASO, UBNT, VJET, ADBE, BIDU,
CMCSA, GMCR, MNST, MYL, QCOM, TXN, XLNX,
Diagonal Breakout: LOCO,
SCHW, SCTY, SPWR, SUNE, UPL, GOOGL, INTC, MSFT,
Bull Flag: SSYS,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: ZU,
C- Pattern:
Moves
New Highs: AAPL, COST,
MAR,
H Breakout: ETFC, SWKS,
D Breakout: WDC,
Breakout Test:
Bull Flag Bounce:
Bounce: JCP, UNG, DTV,
MACD Divergence Bounce:
Gap Up: SWI, X,
Gap Down: FB, GRMN,
C- Pattern:
Bear Flag:
Support Break:
______________________
36 out of 100 NDX stocks closed higher
on Wednesday and two were unchanged.
Leading NDX 100 stocks included: WDC, MAR, STX, MNST, AMAT, AMGN, LLTC
Lagging NDX stocks included: FB, GRMN, AKAM, VRTX, FFIV, REGN, VRSK, GILD,
CHTR, BIDU, NFLX
Leading stocks > +2% on Wednesday:
SWI, X, V, SWKS, JDSU, AMBA
Lagging stocks < -3.0% included:
Z, ATI, TWTR, ZU, SPLK, YELP, SFUN YY,
FEYE
Stocks to Watch on Thursday
Holding Above 30 DMA= 75
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, DISCA, FFIV, INTC, MXIM, NTAP, NXPI, VOD, WDC
Moving Above 30 DMA =
1
ADI
Moving Below 30 DMA = 2
CTRX, TRIP
Staying Below 30 DMA
BIIB, DTV, EBAY, FAST, NFLX, CSCO, EXPE, DISH, ALTR, CTXS, SNDK, AKAM,
GOOG, LLTC, VIAB, EQIX, SIRI, AMZN, ATVI, TSLA, VIP, MAT
6-month Intermediate
Term Market Trend: Up/Neutral
3-day Short Term Market Trend: Up
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