Again all nine sectors
moved higher on Thursday…XLB, XLE and XLK were the strongest sectors and
XLY was the weakest.
Breadth was strengthened as advancers led
decliners 3.37 to 1 on the NYSE and decliners led advancers 2.91 to 1 on
the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – strengthened, advancers led
Tuesday – mixed,
decliners led
Monday – weakened,
decliners led
Friday – strengthened,
mixed
SPY up 3.42 at 205.73 on 147 million shares, above average volume
VIX down 2.30 at 17.01…
TNX up .62 at 20.16…
TLT down 1.84 at 129.55...
XLF up .35 at 24.44 on 30.8 million shares
AAPL up 4.32 at 112.07 on 59.2 million shares, above average volume
FB up 2.02 at 78.17…on 23.9 million shares
Technical Commentary:
IWM +
1.58%, SPY + 1.69%, DIA + 1.86%, QQQ + 1.87%.
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 = 203.91, 205.10, 208.97...
QQQ = 102.44, 103.11, 105.26…
IWM = 117.89, 118.72, 121.41…
Support Levels
SPY = 198.85, 196.77...
QQQ = 99.62, 98.20…
IWM = 114.36, 112.61...
The SPX Market Forecast is at 42.
___________________
Setups
Horizontal Breakout: AA,
BBY, CAR, CTRP, JD, JNPR, PANW, TWTR, UAL, XONE, YNDX, EA, MAR, WFM,
Diagonal Breakout: BABA,
BX, Z, DDD, FSLR, TPX, ZU, AAPL, BIDU, CELG, MYL,
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: RCL, SCSS,
AVGO, COST, ESRX, MNST, ROST,
H Breakout: MFRM,
D Breakout: FEYE, KKD, GMCR, LRCX,
Breakout Test:
Bull Flag Bounce:
Bounce: CIEN, CRM,
CSIQ, DAL, EMC, EXPE, GLW, GOGO, IBM, IWM, LNKD, MS, MTW, SCTY, SPLK, SPWR, SUNE,
SWI, SWKS, UBNT, VRSN, ZION, SINA, VJET, ADBE, ADSK, AKAM, BRCM, CMCSA, EBAY, FB,
MU, NTAP, PCLN, SNDK, STX, TRIP, TNX, XLNX, YHOO,
MACD Divergence Bounce:
CMGE, CREE,
Gap Up: SPY, ETFC, FAS,
HOG, HPQ, NKE, SCHW, STI, UA, V, AVGO, INTC, MSFT, SBUX, WDC,
Gap Down:
C- Pattern:
Bear Flag:
Support Break:
______________________
93 out of 100 NDX stocks
closed higher on Thursday and one was
unchanged.
Leading NDX 100 stocks included: AVGO, CCTRX, GILD, MU, NXPI, CHRW, AAPL, GMCR,
TSCO, CHTR, SIRI, NVDA, LVNTA, YHOO, TRIP, LMCA,MAR, AMAT
Lagging NDX stocks included: ALXN, BBBY, REGN
Leading stocks > +2% on Thursday:
CMGE, SPWR, FEYE, SUNE, SCSS, TWTR, SWKS, EXPE, XONE, SPLK, CREE, CSIQ, FAS,
GLW, SCTY, YELP, CRM, JNPR
Lagging stocks < -2.0% included:
GPRO
Stocks to Watch on Friday
Holding Above 30 DMA = 26
ROST, DLTR, AAL, SPLS,
BBBY, EA, WFM, SIAL, BIIB, CHKP, KRFT, VRTX, ILMN, MNST, COST, ISRG, SRCL,
AVGO, CELG, CERN, ESRX, HSIC, ORLY, QCOM, TSCO, WDC
Moving Above 30 DMA = 23
ADP, CA, CSCO, CTRX, CTSH, DTV, EBAY, FAST, FB,
FISV, GILD, GMCR, LMCA, LVNTA, MAR, MDLZ, MSFT, MYL, NXPI, PAYX, SBUX, SIRI,
VRSK
Moving Below 30 DMA = 0
Staying Below 30 DMA
ADI, AKAM, AMAT, BRCM, CHRW, CHTR, CMCSA, DISCA, FOXA, KLAC, LBTYA, LLTC,
NFLX, PCAR, PCLN, TRIP, VIAB, ADSK, EXPD, MAT, MU, STX, ADBE, ALTR, CTXS, DISH,
EQIX, GOOG, INTC, INTU, SYMC, TXN, YHOO, AAPL,LRCX, NVDA, REGN, NTAP, SNDK,
AMGN, VOD, XLNX, ALXN, ATVI, SBAC, AMZN, GRMN,BIDU, TSLA, VIP, WYNN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
No comments:
Post a Comment