DIA, IWM Inch to New High Close

Two of nine sectors moved higher on Wednesday…XLY, XLE and XLR were the strongest sectors and XLU was the weakest.

 

Breadth weakened as advancers led decliners 1.24 to 1 on the NYSE and 1.19 to 1 on the NASDAQ.

Wednesday – weakened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – mixed

SPY down .18 at 211.63 on 73 million shares, below average volume

VIX up .15 at 13.84…

TNX down .19 at 19.69…

TLT up .56 at 130.23...

XLF unchanged at 24.50 on 26.5 million shares, below average volume

AAPL down 3.38 at 128.79 on 74.6 million shares, above average volume

FB up 1.11 at 79.56…on 25.5 million shares

Technical Commentary:

QQQ – 0.25%, SPY – 0.08%, DIA + 0.03%, IWM + 0.11%.

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 = 211.45, 212.95...

QQQ = 109.41, 111.16…

IWM = 122.50, 123.54…

Support Levels

SPY = 210.18, 208.97, 207.24...

QQQ = 107.27, 106.41, 105.85…

IWM = 121.41, 120.82, 119.39...

Earnings this week:

Monday: ESRX

Tuesday: FSLR, HPQ, LC, SPWR, CMCSA, SLCA

Wednesday: CRM, YOKU, AVGO

Thursday: DDD, GOGO, JCP, MBLY, SPLK, ADSK, MNST, ROST

Friday: 

Q4 Earnings Reaction

Positive Reactions – SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, 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% - SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, 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% - LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – AAL, AXP, BIDU, CHRW, FFIV, GILD, ISRG, JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX, VRTX,

Reversal of Initial Reaction – TSLA, QCOM, STT, TPX, WDC, ALTR, ATML, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, SFUN, SRCL, SYMC, WYNN, XLNX, AA, BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION

The SPX Market Forecast is at 98.

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Setups

Horizontal Breakout: BBRY, BX, SCHW, STI, ZION, DTV,  

Diagonal Breakout: AMBA, BAC, JDSU, CCL, GILD, GMCR, NTAP,   

Bull Flag: JD, SWI, TWTR, Z, KNDI, SFUN, ILMN, MAR, WDC

Gap Up: CRM, AVGO

Moves

New Highs: IWM, UA, VRSN, CMCSA, SBUX, TXN,   

H Breakout: NKE

Bull Flag Bounce: LOCO, SPLK, FB, GOOGL, YHOO,   

Bounce: CRM, GPRO, HOG, LNKD, LVS,   

MACD Divergence Bounce: BABA,

Gap Up: GOGO,  

Gap Down: HPQ, LC

Support Break: NTES, AA, YY,

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41 out of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: VIP, VRSK, PCLN, CHTR, YHOO, MAT, DLTR, LBTYA, AMZN, SBAC, VRTX

Lagging NDX stocks included: AAL, ESRX, WYNN, WDC, AAPL, BIDU, ILMN, BBBY, EQIX, INTC

Leading stocks > +2% on Wednesday: FSLR, JUNO, GOGO, FEYE, DGLY, GPRO, PANW, BBRY, ANGI

Lagging stocks < -2.0% included: LC, HPQ, NTES, Z, UAL, DDD, DAL, CMGE, UPL, ESI

Stocks to Watch on Thursday

Holding Above 30 DMA = 81

WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, PAYX, ADI, LLTC, AKAM, ADSK, AMAT, AVGO, INTU, LRCX, MAR, MU, PCLN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, ALXN, AMGN, FB, SRCL, CELG, REGN, VIAB, VRTX, CHRW, MSFT, KLAC

Moving Above 30 DMA = 2

NTAP, SYMC,                                                                                                                  

Moving Below 30 DMA = 3

AAL, GMCR, SNDK

Staying Below 30 DMA

BBBY, ISRG, STX, TSLA, VOD, WYNN, GRMN, KRFT, SPLS, BIDU, YHOO, FAST, INTC, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up