Four out of nine
sectors moved higher on Thursday…XLY, XLK and XLP were the strongest sectors
while XLE was the
weakest.
Breadth weakened on the NYSE where
decliners led advancers…1.81 to 1 and 2.01 to 1
on the NASDAQ
Thursday – weakened, decliners led
Wednesday – strengthened, advancers led
Tuesday – mixed, mixed
Monday – strengthened,
advancers led
Friday – mixed, mixed
SPY down .10 at 203.86 on 85 million shares, below average volume
VIX up .77 at 13.79…
TNX down .12 at 23.47…
TLT up .27 at 118.90...
XLF down .01 at 24.14 on 29.3 million shares
AAPL up 1.52 at 112.77 on 59.4 million shares
FB down .57 at 74.15…on 26.4 million shares, below average volume
Technical Commentary:
IWM – 1.00%,
SPY – 0.04%, DIA +
0.13%, QQQ + 0.20%.
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 = 204.61, 207.33...
QQQ = 103.37, 106.94…
IWM = 117.48, 119.37, 121.27…
Support Levels
SPY = 201.90, 199.61, 198.06...
QQQ = 100.56, 99.59…
IWM = 115.04, 113.35...
Earnings this week: CTRP, NTAP, DDD, JCP, SINA, VJET, CMGE, CSIQ, GOGO, NTES, RAX, XONE,
YOKU, YY,
Q3 Earnings Reactions
Positive Reactions –
BABA, MNST, WFM, ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE,
FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL,
PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, 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% - WFM, GPRO, GPRN, LNKD,
BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – SWKS,
FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM, CHRW, COH, FB,
GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, 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% - FSLR,
UBNT, ZU, AEM, P, TPX,
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, ALTR, K
“:khbcxzKD, MRK, BBRY, MU,
The SPY Market Forecast is at 99.
___________________
Setups
Horizontal Breakout: AA,
BBY, CTRP, LVS, MS, RCL, AVGO, DTV, EXPE,
Diagonal Breakout: ATI,
FEYE, MBLY, GOOGL,
Bull Flag: BAC, CRM, VRSN,
ANR,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CSIQ,
C- Pattern:
Moves
New Highs: BBRY,
MFRM, NKE, NTES, RAX, UAL, AAPL, COST, MAR, MSFT,
H Breakout:
D Breakout: AMZN,
Breakout Test:
Bull Flag Bounce:
Bounce: INTC,
MACD Divergence Bounce:
Gap Up: GME, BRCM,
SNKD,
Gap Down: NTAP,
C- Pattern:
Bear Flag:
Support Break: YY,
______________________
56 of 100 NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: DISCA, VIAB, CHTR, CSCO, SNDK, MYL, SYMC,
MSFT, BRCM, AMZN, AAPL
Lagging NDX stocks included: VRTX, NTAP, GILD, BIDU, WFM, AMAT, TRIP, VIP
Leading stocks > +2% on Thursday:
BBRY, NTES, UAL, CTRP, GME, RCL, LVS,
Lagging stocks < -2.0% included:
YY, CSIQ, YOKU, TWTR, SUNE, SFUN, ANGI,
GOGO, DGLY, SPWR, FSLR
Stocks to Watch on Friday
Holding Above 30 DMA= 87
GMCR, ROST, CHRW, GRMN,
MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO,
VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, ILMN, KRFT, MAR, PCAR,
SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA,
SBAC, SBUX, STX, ADBE, ADSK, KLAC, LMCA,
MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM,
BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, ATVI, CSCO, DTV, EBAY, EXPE, FAST,
INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, CTXS, PCLN, SIAL, AMZN,
Moving Above 30 DMA =
1
WYNN, VIAB, CHTR
Moving Below 30 DMA = 2
GILD, GOOG
Staying Below 30 DMA
QCOM, VIP, GOOG, TRIP, DISCA, FB, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
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