Two out of nine sectors
moved higher on Thursday…XLB, XLK and XLF were the strongest sectors and XLU was the weakest.
Breadth strengthened as decliners led advancers 1.53
to 1 on the NYSE and 1.21 to 1 on the NASDAQ.
Thursday – strengthened, decliners led
Wednesday – weakened,
decliners led
Tuesday – weakened,
decliners led
Monday- weakened,
advancers led
Friday – strengthened,
advancers led
SPY down .49 at 205.27 on 153 million shares, above average volume
VIX up .36 at 15.80…
TNX up .87 at 20.07…
TLT down 2.05 at 129.45…
XLF down .02 at 23.96 on 32.6 million shares
AAPL up .86 at 124.24 on 47.5 million shares
FB up .09 at 83.01…on 32.7 million shares, above average volume
Technical Commentary:
IWM – 0.12%,
SPY – 0.24%, DIA –
0.25%, QQQ – 0.34%.
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 = 212.24...
QQQ = 108.94…
IWM = 126.22…
Support Levels
SPY = 205.86, 203.49...
QQQ = 105.38, 104.44…
IWM = 122.77, 121.22, 119.83...
Earnings this Week
BBRY, CMGE, DGLY, GME, CCL,
Q4 Earnings Reaction
Positive Reactions – DGLY, CTRP, JUNO, KBH, MFRM,
NKE, AVGO, CRM, MNST, ROST,
ADSK, GOGO, 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% - DGLY, CTRP, JUNO, AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP,
FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN,
BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – YOKU, XONE, JCP, SPLK, 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, WFC,
More than -10% - YOKU, LL, LC, TPX, ZU,
ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,
Reversal in progress –
ZNGA, AXP, BIDU, FFIV, GILD, ISRG, JCP, JDSU, JNJ, KLAC, MSFT, NTAP, RCL, SOHU,
STX, YHOO
Reversal of Initial
Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JDSU, JPM, KSU, MCD, PCAR,
QCOM, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION
The SPX Market Forecast is down at 55.
___________________
Setups
Horizontal Breakout:
Diagonal Breakout:
Bull Flag: CSIQ, EXPE, IBM, JASO, LOCO, MFRM, SCSS,
SUNE, TPX, TSL, TWTR, UA, VSLR, TAN, VRSN, FB, ROST, SBUX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: GME, RCL, CAR, EMC, ESI, HPQ, NFLX, STX,
C- Pattern:
Moves
New Highs:
H Breakout:
D Breakout: VJET,
Breakout Test:
Bull Flag Bounce:
Bounce: PANW, AKAM,
MAR,
MACD Divergence Bounce:
SPLK, INTC, MU, XLNX,
Gap Up:
Gap Down: CREE, SWKS, JNPR, AAL, COST, LRCX, SNDK,
C- Pattern:
Bear Flag:
Support Break: AIG, AMBA, BBY, BX, C, DAL, FSLR, GOGO, LNKD, SPWR,
STI, UBNT, ZION, GLW, KNDI, SINA, UAL, ADSK, AVGO, CELG, GRMN, PCLN, WDC,
______________________
33 out of 100 NDX stocks closed higher
on Thursday.
Leading NDX 100 stocks included: CTSH, KRFT, GILD, WFM, MYL, ORLY, CHKP, MAR,
CTXS, SIRI
Lagging NDX stocks included: SNDK, VIP, GMCR, SPLS, NXPI, LRCX, MDLZ, TSLA,
DISCA, WYNN, BBBY
Leading stocks > +2% on Thursday:
GPRO, PANW
Lagging stocks < -2.0% included:
CMGE, JCP, CREE, TPX, VSLR, UPL, DGLY,
SWKS, BBY, GME, UNG, UBNT, LOCO, CTRP, CSCC
Stocks to Watch on Friday
Holding Above 30 DMA = 24
MNST, NXPI, BIIB, DLTR,
COST, GOOG, EXPD, ROST, AKAM, AVGO, INTU, LVNTA, SRCL, REGN, MYL, CERN, FB,
SBUX, AAL, AMGN, SIAL, YHOO, CTXS, KRFT
Moving Above 30 DMA = 2
CTSH, ORLY
Moving Below 30 DMA = 3
FAST, SPLS, VIP
Staying Below 30 DMA
ADI, ALXN, ATVI, BIDU, CA, CELG, CHKP, CHRW, CHTR, DISCA, EA,EBAY, EQIX,
FISV, FOXA, HSIC, LMCA, MAR, MSFT, PAYX, PCAR, SBAC, SIRI, SNDK, TRIP, TSCO,
TSLA, TXN,VRSK, VRTX, AAPL, ALTR, BRCM, CMCSA, ESRX, ISRG, KLAC, LBTYA, LLTC,
NVDA, PCLN, VIAB, XLNX, ADBE, ADP, AMZN, GILD, ILMN, ADSK, AMAT, GMCR, BBBY,
QCOM, CSCO, DISH, DTV, LRCX, NTAP, WFM, MDLZ,NFLX, WDC, MU, STX, CTRX, SYMC,
VOD, WYNN, GRMN, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
