All of nine sectors
moved higher on Thursday again…XLK, XLV and XLI were the strongest sectors and XLY was the weakest.
Breadth weakened
slightly as advancers led decliners…4.35 to 1 on
the NYSE and
3.17 to 1 on
the NASDAQ.
Thursday – weakened slightly, advancers led
Wednesday – strengthened,
advancers led
Tuesday – strengthened,
decliners led
Monday – strengthened
slightly, decliners led
Friday – weakened,
decliners led
SPY up 5.39 at 207.18 on 257.3 million shares, more than double the average volume
VIX down 2.63 at 16.81…
TNX up .56 at 22.04…
TLT down 2.13 at 124.32...
XLF up .56 at 24.79 on 37.5 million shares, above average volume
AAPL up 3.34 at 112.75 on 58.9 million shares
FB up 2.29 at 78.40…on 34.1 million shares
Technical Commentary:
IWM +
1.68%, DIA + 2.53%, QQQ + 2.56%, SPY + 2.66%.
Look for bull flag setups in stocks that are still in an uptrend.
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 – GOGO, P, 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, 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 27.
___________________
Setups
Horizontal Breakout: AAL,
ETFC, JDSU, RAX, V, AVGO, FB, MNST,
Diagonal Breakout: MBLY,
XONE, YELP, ESI,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: GLW, HPQ, PANW,
SWKS, ROST, WDC,
H Breakout: BX, NTES,
SOHU,
D Breakout: BABA, FEYE, CMCSA, EXPE,
Breakout Test:
Bull Flag Bounce:
Bounce: IBM, DTV, NTAP,
MACD Divergence Bounce:
Gap Up: AA, AIG,
AMBA, BAC, BBY, C, CIEN, CMGE, CREE, CRM, EMC, FAS, IWM, GOGO, JD, JNPR, LNKD, MS,
MTW, NKE, SCHW, SCTY, SPLK, SPWR, SPY, STI, SWI, UA, VRSN, ZION, FSLR, LVS,
QIHU, TPX, YY, AAPL, AKAM, BIDU, CELG, FFIV, EBAY, GILD, GRMN, ILMN, INTC, MSFT,
MYL, PCLN, QCOM, STX, TSLA, TXN, WYNN,
Gap Down:
C- Pattern:
Bear Flag:
Support Break:
______________________
96 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: KRFT, BIIB, TSLA, CTSH, DISH, NTAP, WYNN,
ADSK, WDC, MSFT, STX, ALXN, VRTX, BIDU, TRIP, DISCA, GILD, CTXS, ILMN
Lagging NDX stocks included: SBUX
Leading stocks > +2% on Thursday:
MTW, FEYE, SCTY, FAS, LNKD, SCHW, SPWR, AA, EMC, NTES, SPLK, CRM, GLW, SOHU,
CMGE, JD
Lagging stocks < -2.0% included:
TSL, GPRO, JASO, KKD, LC, RCL, Z, CSIQ,
DGLY
Stocks to Watch on Friday
Holding Above 30 DMA= 47
ROST, DLTR, ORLY, TSCO,
BBBY, PCAR, SPLS, INTU, AMAT, WFM, AVGO, WDC, ADI, ALTR, EBAY, LLTC, MXIM,
FOXA, SIAL, BIIB, ADBE, ADP, CELG, CHKP, CHTR, CMCSA, CSCO, DISCA, EQIX, FAST,
FB, FFIV, HSIC, INTC, KLAC, KRFT, LBTYA, MNST, NXPI, QCOM, REGN, SBUX, STX,
TRIP, TXN, VIAB, VRSK
Moving Above 30 DMA = 25
AKAM, AMGN, BRCM, CA, CERN, CHRW, COST, CTSH, DISH, EXPE, FISV,
GILD, ILMN, ISRG, MAR, MAT, MU, MYL, NTAP, PAYX, SRCL, SYMC, VOD, VRTX, YHOO
Moving Below 30 DMA = 0
Staying Below 30 DMA
ESRX, EXPD, XLNX, CTRX, MDLZ, NVDA, SNDK, AAPL, ADSK, 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
1 comment:
Dave,
Thank you so much for your blog!! :)
Kathy :)
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