All nine sectors moved
higher on Thursday…XLY, XLU and XLB were the strongest sectors and
XLE was the weakest.
Breadth strengthened as advancers led
decliners 2.09 to 1 on the NYSE and 2.04 to 1 on
the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
decliners led
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
SPY up 1.85 at 201.99 on 173.4 million shares, above average volume
VIX down 1.68 at 18.76…
TNX up .27 at 17.51…
TLT down .90 at 135.87...
XLF up .19 at 23.39 on 40.9 million shares
AAPL up 3.59 at 118.90 on 84.4 million shares
FB up 1.76 at 78.00…on 61.2 million shares
Technical Commentary:
SPY +
0.92%, QQQ + 0.96%, DIA + 1.27%, IWM + 1.38%.
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 = 202.15, 203.83, 205.06...
QQQ = 102.01, 103.17, 104.58 …
IWM = 117.84, 119.19, 119.45…
Support Levels
SPY = 200.20, 198.55, 196.77...
QQQ = 100.48, 99.36, 97.94…
IWM = 116.57, 115.32, 114.20...
Earnings this week:
Monday: MSFT, STX, TXN, ZION
Tuesday: AAL, AAPL, AMGN, EA, ILMN, WDC, YHOO, FSL,
GLW, JNPR, TSS, X,
Wednesday: FB, LRCX,
QCOM, TSCO, TUP, VRTX, CAVM
Thursday: ALXN, AMZN, BIIB, BRCM, CELG, CHKP, MAT,
VIAB, WYNN, MCHP, BABA, BX, HOG, JDSU, RCL, SWI,
Friday:
PCAR
Q4 Earnings Reaction
Positive Reactions – AAPL,
EA, FSL, GLW, JNPR, TSS, TUP, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC,
GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM
More than 10% - NFLX, FSL, EA, TUP, X
Negative Reactions – QCOM,
YHOO, MSFT, STX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC,
KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,
More than -10% - FFIV, KBH,
Reversal in progress – BAC, C, IBM, JNJ, JPM,
Reversal of Initial Reaction – WFC
The SPX Market Forecast is pointed down at 49.
___________________
Setups
Horizontal Breakout:
Diagonal Breakout: AA,
BAC, EXPE, TSL, YOKU, KNDI, AMZN, FB, TSLA,
Bull Flag: CREE, CTRP,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: YNDX,
C- Pattern:
Moves
New Highs: PANW, SWKS,
EA, SBUX,
H Breakout:
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: SPY, C, DAL,
ETFC, FAS, IBM, LNKD, LOCO, NKE, SCHW, STI, UAL, XONE, ZION, AAL, ADBE, ADSK,
AKAM, DTV, GRMN, MU, STX, TXN,
MACD Divergence Bounce:
HOG, HPQ, MS, SWI,
Gap Up:
Gap Down: BABA, RCL,
C- Pattern:
Bear Flag:
Support Break: CMGE, FEYE, SPLK, ANR, SFUN, CMCSA, QCOM, YHOO,
______________________
82 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: ALXN, TSCO, AAL, AAPL, TSLA, DISH, CTXS, AMZN,
NVDA, FB, EQIX, MU, STX
Lagging NDX stocks included: QCOM, YHOO, VRTX, CMCSA
Leading stocks > +2% on Thursday:
LOCO, UAL, HOG, DAL, CRM, PANW, SWKS, BBY, UA, IBM, FAS, GOGO
Lagging stocks < -2.0% included:
BABA, RCL, JD, UNG, GME, VXX, LC, JDSU,
GLD, X
Stocks to Watch on Friday
Holding Above 30 DMA = 36
WFM, SIAL,
KRFT, MNST, SRCL, AVGO, HSIC, CTSH, FISV, SIRI, NXPI, CELG, ATVI, BIIB, CERN,
GILD, VOD, CTRX, NFLX, EA, TXN, ILMN, BBBY, SBUX, SBAC, LRCX, LVNTA, AMZN,
DLTR, EXPD, ROST, VRSK, TSCO, ORLY, WYNN, AAPL
Moving Above 30 DMA = 5
ALXN, FB, REGN, DISH, AAL
Moving Below 30 DMA = 5
VRTX
Staying Below 30 DMA
ADP, BIDU, CHKP, CHRW, GOOG, GRMN, LLTC, MYL, PAYX, SYMC, LMCA, MAR,
ADBE, CA, CMCSA, COST, CSCO, DTV, EBAY, ESRX, MSFT, NVDA, YHOO, EQIX, AMAT,
FAST, INTC, ISRG, KLAC, MDLZ, GMCR, BRCM, VIP, SPLS, WDC, QCOM, STX, TRIP,
AKAM, PCAR, PCLN, VIAB, ADI, DISCA, LBTYA, FOXA, CHTR, ADSK, MAT, MU, ALTR,
CTXS, INTU, NTAP, SNDK, AMGN, XLNX, TSLA
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
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