Three out of nine
sectors moved higher on Wednesday…XLB, XLP and XLU were the strongest sectors and XLV was the weakest
again today.
Breadth strengthened as advancers led decliners 1.14
to 1 on the NYSE and 1.13 to 1 on the NASDAQ where
decliners led advancers.
Wednesday – mixed, mixed
Tuesday – weakened,
decliners led
Monday – strengthened,
advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
decliners led
SPY down .73 at 205.70 on 135.8 million shares, above average volume
VIX down .18 at 15.11…
TNX down .66 at 18.68…
TLT up 1.44 at 132.13…
XLF down .02 at 24.09 on 26.6 million shares
AAPL down .18 at 124.25 on 40.3 million shares
FB down .55 at 81.67…on 22 million shares
Technical Commentary:
QQQ – 0.52%,
DIA – 0.47%, SPY –
0.35%, IWM + 0.04%.
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...
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 33.
___________________
Setups
Horizontal Breakout: BX,
JCP, RCL, SWI, MTW, NCLH, QCOM,
Diagonal Breakout: CSIQ,
UPL, DDD, MU,
Bull Flag: JD, PANW, EA, YHOO
Bear Flag: EMC,
At Support: BBY, CIEN, FEYE, RAX, GLW, EBAY, MSFT, TRIP, WFM
Moves
New Highs: SUNE
D Breakout: AA
Bull Flag Bounce: GLD,
Bounce: CMGE, CTRP, JASO,
SSYS, TSL, TAN, YNDX, YY, DTV, SNDK,
MACD Divergence Bounce:
WDC
Gap Down: DAL, TPX, UAL, AAL, MYL
Support Break: IBM, LOCO, MBLY, UBNT, V, KKD, CELG, GILD, GOOGL, SBUX,
______________________
30 out of 100 NDX stocks closed higher
on Wednesday and two were unchanged.
Leading NDX 100 stocks included: KRFT, SNDK, SBAC, ADBE, WDC, BIDU, CMCSA, MAT,
LBTYA, GMCR
Lagging NDX stocks included: AAL, ESRX, EA, MYL, REGN, ALXN, BIIB, PCAR,
ILMN, SBUX
Leading stocks > +2% on Wednesday:
JCP, SUNE, TSL, CMGE, JASO
Lagging stocks < -2.0% included: GPRO, UBNT, YELP, DAL, MBLY, MFRM, PANW,
Z, LC, FEYE, DGLY, UA, SPLK, AMBA, X, ZNGA
Stocks to Watch on Thursday
Holding Above 30 DMA = 29
MNST, NXPI, DLTR, COST,
AVGO, LVNTA, SRCL, REGN, CERN, FB, SIAL, YHOO, CTXS, KRFT, ORLY, ADI, ALTR,
BBBY, EA, EQIX, VRSK, XLNX, BIDU, CTRX, ESRX, FISV, ISRG, MDLZ, CHTR
Moving Above 30 DMA = 2
INTU, SPLS
Moving Below 30 DMA = 9
AAL, AKAM, AMGN, BIIB, CA, EXPD, MYL, ROST, SBUX
Staying Below 30 DMA
ATVI, CHKP, CTSH, FAST, HSIC, PAYX, PCAR, VIP, GOOG, ALXN, CELG,
CHRW,DISCA, EBAY, FOXA, LMCA, MAR, MSFT, SBAC, SIRI, SNDK, TRIP, TSCO, TSLA,
TXN, VRTX, AAPL, BRCM, CMCSA, KLAC, LBTYA, LLTC, NVDA, PCLN, VIAB, ADBE, ADP,
AMZN, GILD, ILMN, ADSK, AMAT, GMCR, QCOM, CSCO, DISH, DTV, LRCX, NTAP, WFM,
NFLX, WDC, MU,STX, SYMC,VOD, WYNN, GRMN, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Down
