Stocks End Five Days Of Advances And Ends The Trading Session Mixed...TWTR Bounces And Gains 8.99%...

Five out of nine sectors moved higher on Wednesday…XLY, XLK and XLB were the strongest sectors while XLU was the weakest.

 

Breadth strengthened on the NYSE where advancers led decliners…1.18 to 1 and 1.60 to 1 on the NASDAQ

Wednesday – strengthened, advancers led

Tuesday – mixed, mixed

Monday – strengthened, advancers led

Friday – mixed, mixed

Thursday – mixed, advancers led

SPY down .24 at 203.94 on 90 million shares, below average volume

VIX up .10 at 13.02…

TNX down .01 at 23.59…

TLT down .36 at 118.37...

XLF down .05 at 24.15 on 18.7 million shares

AAPL up 1.70 at 111.40 on 46.9 million shares

FB up .12 at 74.73…on 26.5 million shares, below average volume

Technical Commentary:

IWM + 0.43%, QQQ + 0.15%, DIA – 0.05%, SPY – 0.11%.

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, KKD, MRK, BBRY, MU,

The SPY Market Forecast is at 99.

___________________

Setups

Horizontal Breakout: EMC, GOGO, MS, NTES, UA, CELG, EXPE, MAR,

Diagonal Breakout: ATI, FEYE, LVS, MBLY, AMZN, GOOGL,  

Bull Flag: CRM, FAS, GMCR,   

Potential Bullish Divergence:

Gap Up:  

Gap Down: 

Bear Flag:  

At Support: ANGI,  

C- Pattern: 

Moves

New Highs: MFRM, NKE, SWI, AAPL, ROST, YHOO,  

H Breakout: BBRY, IWM, CREE,   

D Breakout: BX,    

Breakout Test: 

Bull Flag Bounce:  

Bounce: AA, GME, SFUN, JCP, DTV,  

MACD Divergence Bounce: TWTR,  

Gap Up:   

Gap Down: C,   

C- Pattern:  

Bear Flag:  

Support Break: TSL,

______________________

52 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: YHOO, VIP, SPLS, LBTYA, VOD, BBBY, CHTR, CHRW, AAPL

Lagging NDX stocks included: NTAP, CSCO, GMCR, ILMN, MU, INTU, BIIB, FOXA

Leading stocks > +2% on Wednesday: TWTR, JD, SWI, DGLY, MFRM, FEYE, BBRY, GOGO, SFUN, BABA, AA

Lagging stocks < -2.0% included: CSIQ, XONE, TSL,FSLR, ZU, YELP, Z

Stocks to Watch on Thursday

Holding Above 30 DMA= 89

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, 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, GOOG

Moving Above 30 DMA = 1

CMCSA                                                                                                                

Moving Below 30 DMA = 0

                                                                                       

Staying Below 30 DMA

CHTR, QCOM, VIP, GOOG, WYNN, TRIP, DISCA, FB, NFLX, VIAB, AMZN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up