Three out of nine
sectors moved higher on Thursday…XLP, XLY and XLF were the strongest sectors and XLU
was the weakest.
Breadth weakened
as decliners
led advancers 1.26 to 1 on the NYSE and 1.11 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, advancers led
Tuesday - mixed
Monday – weakened,
decliners led
Friday - strengthened,
advancers led
SPY down .06 at 210.37 on 68.8 million shares, below average volume
VIX down .24 at 12.60…
TNX down .22 at 18.78…
TLT down .65 at 129.96…
XLF up .04 at 24.45 on 22.6 million shares
AAPL down .61 at 126.17 on 28.3 million shares, below average volume
FB down .40 at 82.31…on 13.7 million shares
Technical Commentary:
QQQ – 0.14%,
IWM – 0.06%, SPY - 0.03%, DIA + 0.02%.
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 = 211.11, 212.71...
QQQ = 109.07…
IWM = 125.94, 127.14…
Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...
Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 – JNJ, JPM, FAST, WFC,
INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS, C, AXP, MAT
Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP,
JUNO, KBH, MFRM, NKE,
More than 10% - DGLY, CTRP, JUNO,
Negative Reactions – AA, BBBY, MU, GME, YOKU,
XONE,
More than -10% - YOKU,
Reversal in progress –
Reversal of Initial
Reaction – GME, MU, YOKU, XONE
The SPX Market Forecast is
pointed up at 78.
___________________
Setups
Horizontal Breakout: CSIQ,
DDD, GME, LOCO, QIHU, SPLK, TSL, UBNT, UPL, VSRL (long term), ZION, AA, ANR, HPQ,
JNPR, TBT, GILD, INTC,
Diagonal Breakout: Z, GLW,
GRMN,
Bull Flag: AMBA, BABA, EXPE, JCP, ESRX, MYL,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BBY, SCSS, KKD,
C- Pattern:
Moves
New Highs: SUNE, TAN,
H Breakout: CIEN, GOGO,
SCTY, SOHU (long term), SPWR, P, AKAM,
D Breakout: UNG,
Breakout Test:
Bull Flag Bounce: CCL,
CRM, ETFC, NTES, TWTR, UA, YY,
Bounce: GOOGL,
MACD Divergence Bounce:
Gap Up: C, NFLX,
Gap Down: ADBE, SNDK,
C- Pattern:
Bear Flag:
Support Break: MFRM, ANGI, COST, MAR,
______________________
42 out of
100 NDX stocks closed higher on Thursday and one was unchanged.
Leading NDX 100 stocks included: NFLX, SYMC, ISRG, AKAM, ILMN, SPLS, ATVI,
CSCO, VIP, AAL
Lagging NDX stocks included: SNDK, AMAT, WYNN, BIDU, WFM, CELG, GMCR, COST,
STX, WDC
Leading stocks > +2% on Thursday:
VSLR, SOHU, LOCO, GOGO, UNG, SPWR
Lagging stocks < -2.0% included: SSYS, X, MFRM, JCP, ATI, DDD, VXX
Stocks to Watch on Friday
Holding Above 30 DMA = 63
LVNTA,
SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EQIX, VRSK, XLNX, CTRX, ESRX,
ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, MYL, REGN, ADSK, AMGN, AMZN,
BIDU, CMCSA, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD, NVDA, PCAR,
SIRI, VIAB, ALXN, BRCM, STX, TSCO, VOD, ATVI, CHKP, CTSH, MAT, AKAM, BIIB,
CSCO, ILMN, INTC, MNST, MSFT, MU, NTAP, SPLS, TXN, WDC
Moving Above 30 DMA = 4
EA, NXPI, SBAC, SYMC,
Moving Below 30 DMA = 6
BIDU, FAST, FISV, INTU,
LMCA, WYNN
Staying Below 30 DMA
DLTR,
ADBE, ADP, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, PAYX, GOOG, CELG, CHRW,EBAY,
FOXA,MAR, SNDK, TRIP, KLAC, LBTYA, LLTC,AMAT,GMCR, QCOM, DISH, LRCS, WFM, GRMN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
