SPY, QQQ, DIA New High as Energy, Semiconductors, Small Caps Lead Rally Continuation...

All nine sectors moved higher on Friday…XLE, XLB and XLK were the strongest sectors while XLU was the weakest. 

Breadth strengthened…advancers led decliners…3.31 to 1 on the NYSE and 2.34 to 1 on the NASDAQ.

Friday – strengthened, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

SPY up 2.28 at 201.66 on 146.9 million shares

VIX down .49 at 14.03…

TNX up .30 at 23.35…

TLT down .31 at 119.25...

XLF up .27 at 23.84 on 38.1 million shares

AAPL up 1.02 at 108.00 on 44.6 million shares

FB up .88 at 74.99…on 83.1 million shares, above average volume

Technical Commentary:

IWM +1.47%, QQQ +1.38%, SPY +1.14%, DIA +1.08%.

Following the weekly bullish engulfing pattern on SPY, DIA and QQQ last week both SPY and DIA closed at new all-time highs on Friday, while QQQ closed at a 14-year high.  The horizontal breakouts result in new intermediate term chart targets on QQQ of 110.88 and DIA at 188.37.  SPY will need to breakout above 201.90 to calculate a new intermediate term target.

Earnings led by positive reactions from GPRO, GRPN, LNKD, SWI and BWLD along with QE from the Bank of Japan helped move stocks higher this past week.

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 = 201.90...

QQQ = 103.37…

IWM = 117.48…

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 – 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% - GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – 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% - AEM, P, TPX,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, ALTR, KKD, MRK, BBRY, MU,

The SPY Market Forecast is at 84.

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Setups

Horizontal Breakout: SPY, AA, AIG, AMBA, C, CIEN, CTRP, EMC, ETFC, GOGO, JDSU, MTW, RCL, SCSS, SPLK, SPWR, SSYS, SUNE, SWKS, TSL, XONE, YELP, YNDX, Z, UBNT, VJET, CMCSA, INTC,

Diagonal Breakout: BX,

Bull Flag: X, BBRY,   

Potential Bullish Divergence: JD

Moves

New Highs: SPY, AAPL, AAL, CRM, FAS, HOG, KKD, NKE, NTES, RAX, UAL, V, VRSN, BIDU, COST, ESRX, GMCR, MNST, MYL, QCOM, YHOO,

H Breakout: CMGE, CSIQ, GLW, GME, QIHU, SCTY, YOKU, FSLR, AVGO, NFLX, TRIP,

D Breakout: SUNE, SOHU, SNDK,

Bull Flag Bounce: DAL, MTW, PANW, SPWR, SSYS, UAL, GRMN, INTC,

Bounce: SWKS, ZU,

MACD Divergence Bounce: ATI,

Gap Up: FAS, GPRO, IWM, LNKD, MS, SCHW, STI, VRSN, YOKU, ADBE, BRCM, EXPE, GOOGL, MSFT, MU, MYL, NTAP, PCLN, STX, TXN, WDC, XLNX,

Gap Down: TPX, GLD

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86 out of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: ADI, EXPE, PCLN, NXPI, AVGO, NVDA, TXN, STX, INTC, SNDK

Lagging NDX stocks included: SBUX, GILD, SBAC, DISCA, ALXN, ILMN, MAR, FOXA, HSIC, ROST

Leading stocks > +2% on Friday: GPRO, LNKD, CSIQ, AMBA,SCTY, YY, YELP, Z, SSYS, SFUN, TSL, SWKS, JDSU, CRM, FAS, AA, CHW, P, X, DAL, ZU, MBLY, YNDX, RAX, UA, UAL, V

Lagging stocks < -2.0% included: TPX, LOCO, GLD

Stocks to Watch on Friday

Holding Above 30 DMA= 77

SIAL, 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, 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, AKAM, BIIB, CTRX, DISH, EQIX, SIRI

Moving Above 30 DMA = 16

ADI, ALTR, ATVI, CSCO, DTV, EBAY, EXPE, FAST, GOOG, INTC, LLTC, MAT, MXIM, SNDK, TRIP, TSLA                        

Moving Below 30 DMA = 0

                                                                                             

Staying Below 30 DMA

DISCA, FB, NFLX, CTXS, VIAB, AMZN, VIP

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up