Three of nine sectors
moved higher on Wednesday…XLU, XLV and XLI were the strongest sectors and XLE was the weakest.
Breadth was mixed as decliners led advancers 1.06 to 1 on
the NYSE and advancers
led decliners 1.42 to 1 on the NASDAQ.
Wednesday – mixed, mixed
Tuesday – mixed, advancers
led
Monday – strengthened,
advancers led
Friday – weakened,
advancers led
Thursday – weakened
slightly, advancers led
SPY up .02 at 207.77 on 38.3 million shares
VIX down .43 at 14.37…
TNX up .07 at 22.64…
TLT up .68 at 123.95...
XLF down .04 at 24.95 on 7.9 million shares
AAPL down .53 at 112.01 on 14.4 million shares
FB up .16 at 80.77…on 7.6 million shares
Technical Commentary:
IWM +0.29%,
QQQ +0.09%, SPY +0.01%, DIA +0.00%.
Enjoy the Christmas holiday on Thursday as the markets will be closed. Be safe and enjoy the celebration with your loved ones.
The SPX closed near unchanged in a half day of trading. The SPX was led by gains in CELG, NEM, ABBV, AEE, GAS SCG, NU, NI, CMS and XEL.
The SPX closed near unchanged in a half day of trading. The SPX was led by gains in CELG, NEM, ABBV, AEE, GAS SCG, NU, NI, CMS and XEL.
Gains in biotech/medical
stocks CELG, GILD, AMGN, ALXN, REGN, BIIB, ILMN and VRTX helped lift the
QQQ. The NDX formed a dark
cloud cover.
GPRO +4.87,
+7.91%, considered
by some the Christmas product of 2014 soared on Christmas eve.
CAR and ESRX paused after
horizontal breakouts on Tuesday creating potential second chance entry
opportunities.
Look for new high horizontal breakout setups in stocks that are
up trending or reversal breakouts from stocks that recently pulled back.
AAL, EA and LRCX were added to the NDX on Monday.
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 68.
___________________
50 out of 100 NDX stocks
closed higher on Wednesday.
Leading NDX 100 stocks included: CELG, AAL, GILD, AMGN, ALXN, NFLX, REGN, BIIB,
ILMN, YHOO
Lagging NDX stocks included: VIP, AMZN, BIDU, TSCO, KLAC, WFM, LVNTA, PAYX,
ROST, MSFT
Leading stocks > +2% on Wednesday:
GPRO, QIHU, UAL,
Lagging stocks < -2.0% included:
GME, JCP, UPL, FEYE, BBY
Stocks to Watch on Friday
Holding Above 30 DMA = 73
ROST, DLTR, ORLY, TSCO, AAL, BBBY, PCAR, SPLS, INTU, EA, AMAT, WFM, AVGO, WDC, ADI, ALTR, EBAY, LLTC, FOXA, SIAL, BIIB,
ADBE, ADP, CHKP, CHTR, CMCSA, CSCO, DISCA, EQIX, FAST, FB, HSIC, INTC, KLAC,
KRFT, LBTYA, LVNTA, MNST, NXPI, QCOM, STX, TRIP, TXN, VIAB, VRSK, AKAM, BRCM,
CA, CERN, CHRW, COST, CTSH, DISH, FISV, ISRG, LRCX, MAR, MU, MYL, NTAP, SRCL, SYMC, ADSK, CTRX,
NVDA, SNDK, DTV, ESRX, EXPD, MSFT, PCLN, SBUX, CTXS
Moving Above 30 DMA =
0
Moving Below 30 DMA = 7
PAYX
Staying Below 30 DMA
AMGN, CELG, ILMN, REGN, VOD, VRTX, YHOO, GILD, MAT, XLNX, MDLZ, AAPL,
ALXN, ATVI, SBAC, AMZN, LMCA, SIRI, GRMN, 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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