Two sectors moved higher
on Thursday…XLU, XLP and XLB were the strongest sectors and
XLY was the weakest.
Breadth was weakened as decliners led advancers 1.82 to 1
on the NYSE and 3.57 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
decliners led
Monday – NASDAQ
strengthened, decliners led
Friday – weakened,
decliners led
SPY down 1.84 at 199.02 on 176.6 million shares, above average volume
VIX up 0.91 at 22.39…
TNX down .62 at 17.75…
TLT up 2.34 at 135.16...
XLF down .29 at 23.21 on 47.1 million shares, above average volume
AAPL down 3.53 at 106.27 on 48.9 million shares
FB down 2.60 at 73.68…on 34.1 million shares, above average volume
Technical Commentary:
DIA – 0.57%,
SPY – 0.92%, IWM –
1.69%, QQQ – 1.93%.
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...
Earnings this week:
Thursday: BAC, C, INTC, FAST, TSM
Q4 Earnings Reaction
Positive Reactions – SNX,
LLTC,
More than 10% -
Negative Reactions – AA,
JPM, KBH, WFC,
More than -10% - KBH,
Reversal in progress –
Reversal of Initial
Reaction –
The SPX Market Forecast is pointed down at 39.
___________________
Setups
Horizontal Breakout:
Diagonal Breakout:
Bull Flag: BX, FEYE, PANW, RCL, SCSS, WFM,
Potential Bullish
Divergence:
Gap Up:
Gap Down: BBY,
Bear Flag:
At Support: AA, CREE, DAL, ETFC, HOG, IWM, MFRM, NKE, SPLK, SPY, SWI,
V, V, YELP, DDD, FSLR, QIHU, SINA, BRCM, MSFT,
C- Pattern:
Moves
New Highs:
H Breakout: MNST,
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: DTV,
MACD Divergence Bounce:
Gap Up: GLD,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: CRM, EMC, EXPE, HPQ, JDSU, JNPR, LNKD, ANGI, SFUN, ADSK,
FB, MYL, STX, WDC,
______________________
10 out of 100 NDX stocks
closed higher and one was unchanged on Thursday.
Leading NDX 100 stocks included: KRFT, KLAC, CHTR
Lagging NDX stocks included: NXPI, TRIP, PCLN, WDC, STX, YHOO, MU, FB, MYL,
MNST, AAPL, TSCO
Leading stocks > +2% on Thursday:
LC, GLD
Lagging stocks < -2.0% included:
BBRY, BBY, SUNE, VSLR, Z, AMBA, SPWR,
GPRO, TWTR, FEYE, XONE, MTW, SPLK
Stocks to Watch on Friday
Holding Above 30 DMA = 18
SPLS, WFM, SIAL, CHKP,
KRFT, MNST, ISRG, SRCL, AVGO, HSIC, CA, CTSH, FISV, NXPI, PAYX, SIRI, CELG,
ESRX
Moving Above 30 DMA = 1
DTV
Moving Below 30 DMA = 7
BIIB, CERN, CSCO, EA,
ROST, VRTX, WDC
Staying Below 30 DMA
CHRW, CMCSA, LMCA, TSCO, COST, DLTR, GILD, ILMN, MAR, QCOM, AAL, ADP, FB,
GMCR, LVNTA, STX, TRIP, BBBY, CTRX, DTV, EBAY, FAST, MDLZ, MSFT, MYL ORLY,
SBUX, VRSK, ADI, AKAM, AMAT, BRCM, CHTR, DISCA, FOXA, KLAC, LBTYA, LLTC, NFLX
PCAR, PCLN, VIAB, ADSK, EXPD, MAT, MU, ADBE, ALTR, CTXS, DISH, EQIX, GOOG,
INTC, INTU, SYMC, TXN, YHOO, AAPL, LRCS, 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: Down
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