Only one of nine
sectors moved higher on Thursday…XLV, XLY and XLK were the strongest sectors and
XLB was the weakest.
Breadth weakened as decliners led advancers 1.83 to 1 on
the NYSE and advancers led decliners 1.11 to 1 on
the NASDAQ.
Thursday – mixed, mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened, mixed
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
SPY down .96 at 209.50 on 117.7 million shares, double average volume
VIX up .10 at 14.07…
TNX up .26 at 19.77…
TLT down .67 at 130.82…
XLF down .23 at 24.47 on 34.4 million shares, above average volume
AAPL down .97 at 127.50 on 45.6 million shares, below average volume
FB up 1.84 at 82.75…on 42 million shares, above average volume
Technical Commentary:
DIA – 0.59%,
SPY – 0.46%, QQQ +
0.15%, IWM + 0.19%.
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 = 208.97...
QQQ = 107.57, 108.94…
IWM = 123.78, 124.85, 126.22…
Support Levels
SPY = 206.26, 205.05,
204.13...
QQQ = 105.73, 104.59,
103.44…
IWM = 122.77, 120.19,
119.83...
Earnings this Week
CTRP, JUNO, MFRM, NKE, XONE, YOKU,
Q4 Earnings Reaction
Positive Reactions – 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% - 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 – 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, KBH, WFC,
More than -10% - LL, LC, TPX, ZU, ZNGA, EXPE,
GPRO, YELP, P, TPX, QCOM, FFIV, KBH,
Reversal in progress – ZNGA, AAL, AXP, BAC, BIDU, CHRW, FFIV,
GILD, ISRG, JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX
Reversal of Initial Reaction – AA, ALTR, ATML, C, BAC, IBM, KBH,
KSU, MCD, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, QCOM, SFUN, SRCL, SYMC, WYNN,
XLNX, STT, TPX, TSLA,WDC, VRTX, WFC, ZION
The SPX Market Forecast is rising and at 66.
___________________
Setups
Horizontal Breakout:
AMBA, BABA, BX, CRM, CSIQ, EXPE, JD, NKE, PANW, SPWR, TSL, UAL, CCL, TPX, AAL, COST,
MAR, SNDK, XLNX, YHOO,
Diagonal Breakout: CTRP,
DGLY, RCL, SLCA, GILD,
Bull Flag: ETFC, GOGO, JDSU, STI
At Support: SCHW, YELP, ZION, KNDI
Moves
New Highs: IWM, SCSS,
SWKS, UA, NCLH, AVGO, FB, SBUX,
H Breakout: MFRM, CELG,
D Breakout: DAL, LVS, Z, BIDU, ILMN
Bounce: JUNO,
MACD Divergence Bounce:
LC, LRCX, WYNN
Support Break: BAC, EBAY,
______________________
47 out of 100 NDX stocks
closed higher on Thursday.
Leading NDX 100 stocks included: WYNN, VRTX, CERN, REGN, ILMN, FB, SNDK, CELG, SBUX,
CELG
Lagging NDX stocks included: VIP, TSLA, ATVI, PCAR, CTRX, SPLS, NTAP, MYL,
FOXA, GRMN
Leading stocks > +2% on Thursday:
JUNO, VSLR, LC, LVS, DAL, UAL, SWKS
Lagging stocks < -2.0% included:
UPL, X, SOHU, YELP, ESI, XONE, ATI,
GPRO, UNG, GLW, C, MTW, BAC, ZION, YOKU, FAS
Stocks to Watch on Friday
Holding Above 30 DMA = 57
MNST,
CTSH, NXPI, SIRI, ATVI, BIIB, DLTR, VRSK, COST, GOOG, EXPD, VIP, LMCA, NVDA,
ROST, ADBE, CHTR, PAYX, ADI, AKAM, ADSK, AVGO, INTU, MAR, LVNTA, TRIP, CHKP, EBAY,
SRCL, VRTX, CHRW, SNDK, EQIX, REGN, MYL, ORLY, CERN, FB, SBUX, TSCO, AAL, ALTR, AMGN, CELG, FISV, ISRG, LLTC, SIAL, TXN,
XLNX, AAPL, ALXN, FAST, YHOO, BIDU, BRCM, CA, PCLN
Moving Above 30 DMA =
4
CTXS, ESRX, HSIC, ILMN
Moving Below 30 DMA = 7
AMAT, CMCSA, FOXA, GMCR,
LBTYA, PCAR, SBAC
Staying Below 30 DMA
DISCA, ADP, BBBY, ILMN, LLTC, VIAB, AMZN, QCOM, CSCO, DISH, DTV, EA, LRCX, NTAP, WFM, ESRX, GILD,
MDLZ, NFLX, WDC, CTXS, HSIC, KLAC, MSFT,MU, SPLS, STX, TSLA, CTRX, SYMC, VOD,
WYNN, GRMN, KRFT, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
