Three out of nine
sectors moved higher on Wednesday…XLE, XLY and XLP were the strongest sectors
while XLK was the
weakest.
Breadth weakened as advancers
led decliners…1.62 to 1 on
the NYSE and
2.53 to 1 on the NASDAQ
Wednesday – weakened, decliners led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – strengthened,
advancers led NYSE
Thursday – weakened,
decliners led
SPY down .30 at 205.25 on 82.2 million shares, below average volume
VIX up .10 at 13.96…
TNX up .29 at 23.51…
TLT down .76 at 118.76...
XLF down .05 at 24.09 on 22 million shares
AAPL down .76 at 114.71 on 41.8 million shares
FB down 1.06 at 73.28…on 25.4 million shares, below average volume
Technical Commentary:
DIA – 0.02%,
SPY – 0.14%, QQQ –
0.40%, IWM – 1.01%.
GPRO -5.01, -5.96%, 79.01 announced today that its secondary offering will be priced at
75. Selling shareholders are offering
9,072,967 shares and GPRO is offering 1,287,533 shares.
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 97.
___________________
Setups
Horizontal Breakout: GLW,
JDSU, LVS, CELG, ILMN, INTC, WFM, XLNX,
Diagonal Breakout: MBLY,
SCTY,
Bull Flag: BABA, GME, MFRM,
PANW, RAX, SWI, ZNGA, AKAM, BIDU, FFIV, MAR,
At Support: SFUN, SPLK, X, YELP, SINA, FB,
Moves
New Highs: HOG, NKE, COST,
ESRX, TXN,
H Breakout: UA, GRMN,
D Breakout: TSL,
Bounce: TPX, UPL, ROST,
TRIP,
MACD Divergence Bounce:
Gap Up: UNG,
Gap Down: BBRY, VRSN, TSLA,
Support Break: CRM, LOCO, NFLX,
______________________
36 of 100 NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: DISH, SPLS, GRMN, CHTR, DLTR, TRIP, VRTX,
TSCO, ROST, MDLZ, ALXN
Lagging NDX stocks included: NFLX,TSLA, GMCR, AVGO, QCOM, VIP, MXIM, NXPI,
SNDK, LMCA
Leading stocks > +2% on Wednesday:
DGLY, UNG, TSL, WLT
Lagging stocks < -2.0% included:
LOCO, GPRO, BRY, X, QIHU, FEYE, CMGE,
JD, SFUN, GOGO, SPLK, KNDI, YELP
Stocks to Watch on Thursday
Holding Above 30 DMA= 88
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, CSCO, DTV, EBAY, EXPE, FAST, INTC,
LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, PCLN, SIAL, AMZN, CHTR, VIAB
Moving Above 30 DMA =
0
Moving Below 30 DMA = 2
ATVI, WYNN
Staying Below 30 DMA
CTXS, BIIB, GILD, GOOG, QCOM, VIP, TRIP, DISCA, FB, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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