All nine sectors moved
higher on Thursday…XLB, XLV and XLE were the strongest sectors and
XLP was the weakest.
Breadth strengthened as advancers led decliners 3.13
to 1 on the NYSE and 2.82 to 1 on the NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
SPY up 2.06 at 206.12 on 97.7 million shares
VIX down 1.48 at 16.85…
TNX up .18 at 18.15…
TLT down 1.48 at 133.32...
XLF up .24 at 23.95 on 24.5 million shares
AAPL up .85 at 119.94 on 42.2 million shares
FB down .02 at 75.61…on 15 million shares
Technical Commentary:
IWM +
1.29%, DIA + 1.14%, SPY + 1.01%, QQQ + 0.87%.
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 = 205.06...
QQQ = 103.17, 104.58 …
IWM = 119.19, 119.45…
Support Levels
SPY = 202.51, 201.62, 200.20...
QQQ = 102.10, 101.65, 100.48…
IWM = 1117.38, 116.57,
115.32...
Earnings this week:
Monday:
Tuesday: ADI, CHRW, FISV, GILD, WYNN
Wednesday: ADP, CTSH, FOXA, GMCR, NXPI, ORLY, SRCL, ATML, UA,
Thursday: ATVI, CTXS, SIAL, SIRI, SYMC, VOD, EXPE,
GPRO, LNKD, TWTR, UBNT, YELP, P, TPX, VRSN,
Friday:
Q4 Earnings Reaction
Positive Reactions – CTSH,
FISV, ADP, AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR,
TSCO, TSS, TUP, VIAB, 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% - AMZN, BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – GILD,
CHRW, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP,
ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH,
WFC,
More than -10% - QCOM, FFIV, KBH,
Reversal in progress – BAC, C, IBM, JNJ, JPM,
Reversal of Initial Reaction – WFC
The SPX Market Forecast rising at 46.
___________________
Setups
Horizontal Breakout: SPY,
AIG, BAC, CTRP, EXPE, FAS, IBM, JNPR, LNKD, PANW, QIHU, YOKU, AVGO, ROST, TSLA,
TXN,
Diagonal Breakout: CRM,
EMC, HPQ, MFRM, RAX, SUNE, ANGI, DDD, ADBE, ADSK, MU, TRIP,
Bull Flag: FSLR, SWKS,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: V, EA, SBUX,
H Breakout: IWM, AMBA,
GOGO, SCHW, SLCA, STI, ZION, UPL, BRCM, PCLN,
D Breakout: CAR, SWI,
Breakout Test:
Bull Flag Bounce: BBRY,
CELG, ILMN,
Bounce: CIEN, MBLY, RCL,
XONE,
MACD Divergence Bounce:
Gap Up: FEYE, SPLK,
Gap Down: BX, GMCR,
C- Pattern:
Bear Flag:
Support Break: BABA,
______________________
77 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: ORLY, CHTR, VIP, EA, REGN, CELG, BIIB, AMZN,
LMCA, ISRG, SIRI, ADI, CSCO, VRTX, MYL
Lagging NDX stocks included: FOXA, GMCR, COST, DISCA, NXPI, VOD, YHOO
Leading stocks > +2% on Thursday:
SPLK, SSYS, ATI, JUNO, FEYE, SLCA, GPRO,
AMBA, AA, SCTY, ZION, GOGO, MTW, CIEN
Lagging stocks < -2.0% included:
ESI, UBNT, VXX, BABA, X, UAL, UNG
Stocks to Watch on
Thursday
Holding Above 30 DMA = 51
WFM, SIAL, KRFT, MNST, CTSH, FISV, NXPI, SIRI, ATVI,
BIIB, CERN, EA, NFLX, VOD, ILMN, LVNTA, SBAC, SBUX, AMZN, DLTR, TSCO, VRSK,
AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY, TSLA, VIP, ADP, AVGO,
BRCM, CA, CTXS, DTV, INTU, LBTYA, LMCA, NVDA, ROST, SRCL, TXN, ADBE, CHTR,
CMCSA, HSIC, PAYX
Moving Above 30 DMA = 6
ADI, CELG, EQIX, LLTC, REGN, SYMC
Moving Below 30 DMA = 0
Staying Below 30 DMA
CHRW, GILD, SPLS, WYNN, ALXN, AAL, FB, LRCX, VRTX, BIDU, CHKP, MAR, MYL,
CSCO, EBAY, ESRX, MSFT, YHOO, AMAT, FAST, GMCR, INTC, ISRG, KLAC, MDLZ, WDC,
QCOM, STX, TRIP, AKAM, DISCA, FOXA, PCAR, PCLN,VIAB, ADSK, MAT, MU, ALTR,
NTAP,SNDK, AMGN, XLNX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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