Eight of nine sectors
moved higher on Friday…XLE, XLB and XLI were the strongest sectors and XLP was the weakest.
Breadth weakened as advancers led
decliners…1.79 to 1 on
the NYSE and
1.15 to 1 on
the NASDAQ.
Friday – weakened, advancers led
Thursday – weakened slightly,
advancers led
Wednesday – strengthened,
advancers led
Tuesday – strengthened,
decliners led
Monday – strengthened
slightly, decliners led
SPY up .88 at 206.52 on 245 million shares, adjusting for 1.13492 dividend declared on
Friday
VIX down .32 at 16.49…
TNX down .28 at 21.76…
TLT up 1.67 at 125.87...
XLF up .02 at 24.68 on 39.8 million shares, above average volume
AAPL down .87 at 111.78 on 88.4 million shares
FB up 1.48 at 79.88…on 43.3 million shares
Technical Commentary:
SPY +0.43%,
IWM +0.23%, DIA +0.14%, QQQ +0.07%.
Stocks
moved higher on quadruple expiration Friday led by the Energy Sector XLE as oil
gain 65 cents on to close at 57.77. Institutions
are taking the contrarian trade on oil once again as XLE rose +8.32, +11.67% since
Tuesday’s open at 72.24.
FEYE, +2.16.
6.99%, cyber security technology, caught fire this week gaining +5.32, +19.18% since Wednesday’s open as
investor attention over cyber hacking increased this week.
FB +1.48,
+1.89% broke
through short-term horizontal resistance and reached its highest close since
releasing earnings on Oct. 28. New
breakout Chart target: 83.17.
Look for horizontal breakout setups in stocks that are up trending
or creating are reversal breakout.
On Monday morning before the open AAL, EA and LRCX are
being added to the NDX and EXPE, FFIV and MXIM are being removed…make
adjustment to your NDX watch list.
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 = 207.33, 209.06, 210.49...
QQQ = 106.94…
IWM = 118.25, 119.37,
121.27…
Support Levels
SPY = 200.06...
QQQ = 102.42, 101.38…
IWM = 114.37, 113.35...
Q3 Earnings Reaction
Positive Reactions – ADBE, CIEN, LULU, AVGO,
ADI, HPQ, PANW, QIHU, ADSK, JASO, ROST, SPLK, 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 – COST, AMBA,
MFRM, GME, CRM, JD, MBLY, 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% - GME, CSIQ, FSLR,
UBNT, ZU, AEM, P, TPX,
Reversal in progress – PCLN, TPX, KO,
Reversal of Initial
Reaction – AMZN, FEYE, SWKS, Z, ADBE, ALTR, ALTR, AXP, AZO, BA, BAC, BTU, CHRW, CMG,
COF, COH, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOGO, GOOGL, GRMN, INTC,
JNJ, JNPR, JPM, KEY, KKD, KO, KRFT, LMT, LUV, MAT, MDC, MRK, NDAQ, PNRA, UA,
VMW, WFC, XRX,
The SPY Market Forecast is at 33.
___________________
Setups
Horizontal Breakout: AAL,
AIG, BAC, BBY, CRM, CTRP, EMC, FAS, FEYE, GOGO, LNKD, RAX, SCHW, SPY, V, YOKU,
ZION, ESI, LVS, AVGO, BRCM, CELG, FB, ILMN, MNST, NTAP, QCOM, TRIP, WFM,
Diagonal Breakout: ATI,
GME, JD, MBLY, SCTY, SPWR, TWTR, FSLR,
ZU, MSFT
Moves
New Highs: GLW, HPQ, MS,
PANW, STI, STX, WDC,
H Breakout: ETFC, IWM,
JNPR, ZNGA, CMCSA, GILD,
D Breakout: VRSN, YELP
Bounce: CSIQ, SFUN,
Gap Down: UBNT
______________________
64 out of 100 NDX stocks
closed higher on Friday.
Leading NDX 100 stocks included: VIP, WYNN, CHRW, GILD, EQIX, LBTYA, FOXA,
BIIB, MDLZ, FB
Lagging NDX stocks included: MAT, PAYX, GRMN, ROST, INTC, NXPI, XLNX, AVGO,
TSCO, ADP
Leading stocks > +2% on Friday:
RWLK, FEYE, ATI, TSL, GME, SPLK, YELP, YOKU, SSYS, UPS, SFUN, CTRP, GOGO, SWI,
GLW
Lagging stocks < -2.0% included:
UBNT, GPRO, JCP, TPX, UA, NKE, MFRM
Stocks to Watch on Monday
Holding Above 30 DMA = 69
ROST, DLTR, ORLY, TSCO, AAL, BBBY, PCAR, SPLS, INTU, EA, AMAT, WFM, AVGO, WDC, ADI, ALTR, EBAY, LLTC, FOXA, SIAL, BIIB,
ADBE, ADP, CELG, CHKP, CHTR, CMCSA, CSCO, DISCA, EQIX, FAST, FB, HSIC, INTC,
KLAC, KRFT, LBTYA, MNST, NXPI, QCOM, REGN, STX, TRIP, TXN, VIAB, VRSK, AKAM,
AMGN, BRCM, CA, CERN, CHRW, COST, CTSH, DISH, FISV, GILD, ILMN, ISRG, LRCX, MAR,
MU, MYL, NTAP, SRCL, SYMC, VOD, VRTX, YHOO
Moving Above 30 DMA = 4
ADSK, CTRX, NVDA, SNDK
Moving Below 30 DMA = 3
MAT, PAYX, SBUX
Staying Below 30 DMA
ESRX, EXPD, XLNX, MDLZ, AAPL, ALXN, ATVI, CTXS, MSFT, SBAC, AMZN, LMCA,
LMCK, SIRI, GRMN, DTV, PCLN, BIDU, GOOG, TSLA, VIP GMCR, WYNN, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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