Six out of nine
sectors moved higher on Thursday…XLE, XLB and XLK were the strongest sectors
while XLP was the
weakest.
Breadth strengthened as advancers
led decliners…1.93 to 1 on
the NYSE and
2.03 to 1 on the NASDAQ
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led NYSE
SPY up .40 at 205.62 on 72.8 million shares, below average volume
VIX down .38 at 13.58…
TNX down .16 at 23.35…
TLT up .62 at 119.38...
XLF up .01 at 24.10 on 16 million shares
AAPL up 1.74 at 116.41 on 43.3 million shares
FB up .23 at 73.56…on 19.1 million shares, below average volume
Technical Commentary:
SPY +
0.20%, DIA + 0.23%, QQQ + 0.36%, IWM + 1.08%.
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: CMGE, CRM, GME, JASO, JD, MBLY, SPLK,
Q3 Earnings Reactions
Positive Reactions –
JASO, GOGO, RAX, NTES, XONE, YOKU, VJET, 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% - GOGO,
RAX, WFM, GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU,
PANW, MFRM,
Negative Reactions – JD,
SINA, YY, 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% - CSIQ, FSLR, UBNT, ZU, AEM,
P, TPX,
Reversal in progress – P, PCLN, TPX, NFLX,
COH, GRMN, KO, MDC, VMW,
Reversal of Initial
Reaction – AMZN, FEYE, SWKS, Z, BA, BAC, CHRW, CMG, COF, CREE, DECK, DNKN, DOW,
EAT, EBAY, F, GM, GOOGL, INTC, JNJ, JNPR, JPM, KEY, LMT, LUV, MAT, NDAQ, UA,
WFC, XRX, ADBE, ALTR, ALTR, AXP, AZO, BTU, K, KKD, KRFT, MRK, PNRA,
The SPY Market Forecast is at 85.
___________________
Setups
Horizontal Breakout: ATI,
BX, JDSU, V, AKAM, CELG, WDC,
Diagonal Breakout: CIEN,
DGLY, YNDX, MU, NTAP,
Bull Flag: CMGE, CTRP, HPQ,
MFRM, UAL, BRCM,
Potential Bullish
Divergence:
Gap Up: BBY,
Gap Down: CRM,
Bear Flag:
At Support: BBRY, IBM, MBLY, WYNN,
C- Pattern:
Moves
New Highs: NKE, NTES,
SWKS, AAPL, ESRX, INTC, ROST, STX, TXN,
H Breakout: RAX, TPX,
JASO, INTC,
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: AIG, FAS,
FEYE, GLW, IWM, KKD, SCSS, SPWR, MSFT,
MACD Divergence Bounce:
YELP,
Gap Up:
Gap Down: GPRO, EXPE, GMCR,
C- Pattern:
Bear Flag:
Support Break: SFUN,
______________________
64 of 100 NDX stocks closed higher on Thursday and one
was unchanged.
Leading NDX 100 stocks included: ATVI, ROST, DLTR, INTC, ADSK, BBBY, AKAM, WDC,
INTU, SBAC, NVDA
Lagging NDX stocks included: GMCR, DISH, REGN, ILMN, GILD, WYNN
Leading stocks > +2% on Thursday:
SPLK, BBY, SPWR, DGLY, YELP, SCTY, WLT, CIEN, RAX, SUNE, AA, NTES, ATI
Lagging stocks < -2.0% included:
GPRO, MBLY, SFUN, CRM, Z, JD, P, LOCO,
UAL
Stocks to Watch on Friday
Holding Above 30 DMA= 87
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, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC,
MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB
Moving Above 30 DMA = 2
ATVI, CTXS
Moving Below 30 DMA = 1
GMCR
Staying Below 30 DMA
WYNN, CTXS, BIIB, GILD, GOOG, QCOM, VIP, TRIP, DISCA, FB, NFLX
6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
No comments:
Post a Comment