Eight of nine sectors
moved higher on Wednesday…XLU, XLE and XLB were the strongest sectors
while XLV was the
weakest.
Breadth strengthened…advancers led decliners…1.43
to 1 on
the NYSE and 1.10 to 1 on the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
SPY up 1.34 at 202.41 on 91.4 million shares, below average volume
VIX down .72 at 14.17…
TNX down .08 at 23.50…
TLT down .21 at 119.12...
XLF up .18 at 24.12 on 24 million shares, below average volume
AAPL up .30 at 108.90 on 37.3 million shares
FB down 1.00 at 74.76…on 35.8 million shares
Technical Commentary:
SPY + 0.66%, DIA + 0.62%, IWM + 0.18%, QQQ – 0.06%.
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…
Support Levels
SPY = 199.61, 198.06...
QQQ = 100.26, 99.59…
IWM = 115.04, 113.35...
Earnings this week:
Monday: AIG,
Tuesday: BABA,
CTRP, PCLN, FEYE, ZU, TRIP,
Wednesday:
SCTY, SSYS, Z, QCOM, TSLA, WFM,
Thursday: FSLR, LOCO, SFUN, SUNE,
SWKS, UBNT, DTV, MNST,
Friday:
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 95.
___________________
Setups
Horizontal Breakout: BAC,
BBY, CAR, EMC, IWM, JDSU, SCHW, STI, YOKU, UNG, ZION, ADBE, ADSK, DTV, FFIV,
Diagonal Breakout: LOCO,
Bull Flag: AA, AMBA, CMGE,
CSIQ, RAX, RCL, SPLK, BRCM, EXPE, GMCR, MNST,
At Support: LVS,
Moves
New Highs: BABA, FAS,
SWKS, V, MSFT, TXN,
H Breakout: C, ANR, MSFT,
WDC,
D Breakout: HPQ,
Gap Down: FEYE, SSYS, ZU, TRIP,
Support Break: ATI, SFUN,
______________________
62 out of 100 NDX stocks closed higher
on Wednesday and one was unchanged.
Leading NDX 100 stocks included: CTSH, WFM, MDLZ, NXPI, FOXA, ATVI, DISCA,
TSLA, AMAT, CHRW, ISRG
Lagging NDX stocks included: TRIP, QCOM, GILD, WYNN, ILMN, AMZN, VRTX,
EXPD, INTC
Leading stocks > +2% on Wednesday:
V, YOKU, BABA, CAR, FAS
Lagging stocks < -2.0% included:
ZU, FEYE, Z, SSYS, XON, SUNE, LNKD,
GPRO, SCCTY, SFUN, CTRP, YELP, CMGE
Stocks to Watch on Thursday
Holding Above 30 DMA= 86
GMCR, ROST, CHRW, GRMN,
MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO,
VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESTX, FISV, GILD, HSIC, ILMN, KRFT, MAR,
PCAR, QCOM, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA,
NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMC, 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,
Moving Above 30 DMA = 2
FOXA, VIP
Moving Below 30 DMA = 2
GOOG, WYNN
Staying Below 30 DMA
PCLN, TSLA, SIAL, TRIP, DISCA, FB, NFLX, CTXS, VIAB, AMZN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
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