Eight out of nine
sectors moved higher on Thursday…XLE, XLV and XLI were the strongest sectors and XLU
was the weakest.
Breadth weakened
as decliners
led advancers 1.00 to 1 on the NYSE and 1.06 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened, decliners
led
Monday – strengthened,
advancers led
Friday - Holiday
SPY up .93 at 208.90 on 85.5 million shares, below average volume
VIX down .89 at 13.09…
TNX up .63 at 19.58…
TLT down 1.70 at 129.43…
XLF up .04 at 24.25 on 20.7 million shares, below average volume
AAPL up .96 at 126.56 on 32.4 million shares, below average volume
FB down .10 at 82.17…on 15.9 million shares, below average volume
Technical Commentary:
IWM – 0.36%,
DIA + 0.36%, SPY + 0.44%, QQQ + 0.63%.
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 = 208.61, 211.11...
QQQ = 106.82, 109.07…
IWM = 125.94…
Support Levels
SPY = 204.12, 203.49...
QQQ = 104.24…
IWM = 122.90, 121.54...
Q1 Earnings Reaction
Positive Reactions – KMX, DGLY, CTRP,
JUNO, KBH, MFRM, NKE,
More than 10% - DGLY, CTRP, JUNO,
Negative Reactions – MU, YOKU, XONE,
More than -10% - YOKU,
Reversal in progress –
Reversal of Initial
Reaction –
The SPX Market Forecast is
pointed up at 49.
___________________
Setups
Horizontal Breakout: IWM,
AIG, BX, CREE, DGLY, ETFC, FAS, JCP, MS,0 QIHU, SPLK, SWI, ANR, JDSU, JNPR,
LVS, NCLH, TBT, VJET, XONE, YNDX, AMZN, TXN,
Diagonal Breakout: FEYE,
SSYS, V, X, QCOM,
Bull Flag: CCL, CRM, EXPE,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: RAX,
C- Pattern:
Moves
New Highs: NTES, SUNE,
UA, TAN, VRSN, MYL,
H Breakout: SPY, BABA,
GME, LOCO, SCHW, SINA, SOHU, ZION, BIDU, BRCM, CMCSA, DTV, ESRX, MU, WYNN,
XLNX, YHOO,
D Breakout: AMBA, BBRY, SWKS, SBUX, STX,
Breakout Test:
Bull Flag Bounce:
Bounce: ATI, UPL,
MACD Divergence Bounce:
GLW,
Gap Up: BIDU, WBA
Gap Down: ZNGA, AA, COST, BBBY
C- Pattern:
Bear Flag:
Support Break: LC, TLT, UNG,
______________________
74 out of
100 NDX stocks closed higher on Thursday and one was unchanged.
Leading NDX 100 stocks included: WYNN, ESRX, ALTR, BIDU, STX, MYL, MU, BRCM,
QCOM, NVDA
Lagging NDX stocks included: BBBY, CA, COST, AAL, EA, DLTR, AKAM, LBTYA,
PCLN, ALXN
Leading stocks > +2% on Thursday:
DGLY, LOCO, UPL, VSLR, X, GME, SCTY, SINA, NTES, SWKS, BBRY, SPWR, MBLY
Lagging stocks < -2.0% included: ZNGA, CMGE, LC, VXX, UNG
Stocks to Watch on Friday
Holding Above 30 DMA = 48
MNST,
NXPI, LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EA, EQIX,
VRSK, XLNX, CTRX, ESRX, FISV, ISRG, MDLZ, CHTR, LMCA, VIP, CTXS, DISCA, HSIC, TSLA, AKAM, CHKP, MYL,
REGN, ADP, ADSK, AMGN, AMZN, ATVI, BIDU, BIIB, CMCSA, CTSH, DLTR, DTV, INTU,
NFLX,PCLN, SBUX, VRTX, YHOO
Moving Above 30 DMA = 10
AAPL, GILD, NVDA, PCAR, SIRI, SPLS, SYMC, TXN,
VIAB, WYNN
Moving Below 30 DMA = 3
BBBY, CA, COST
Staying Below 30 DMA
AVGO, AAL,
EXPD, ROST, FAST, PAYX, GOOG, ALXN, CELG, CHRW, EBAY, FOXA, MAR, MSFT, SBAC,
SNDK, TRIP, TSCO, BRCM, KLAC, LBTYA, LLTC, ADBE, ILMN, AMAT, CMGR, QCOM, CSCO, DISH,
LRCX, NTAP, WFM, WDC, MU, STX, VOD, GRMN, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
