All sectors moved
lower on Thursday…XLU, XLV and XLY were the strongest sectors and XLE
was the weakest.
Breadth weakened as decliners led advancers 3.65 to 1 on
the NYSE and 2.68 to 1 on
the NASDAQ.
Thursday – weakened, decliners led
Wednesday – mixed,
advancers led
Tuesday – strengthened,
advancers led
Monday – mixed, mixed
Friday – weakened,
decliners led
SPY down 1.79 at 210.13 on 151.8 million shares, heavy volume
VIX up 1.05 at 14.71…
TNX down .59 at 23.07…
TLT up 1.53 at 119.05…
XLF down .22 at 24.65 on 30.4 million shares
AAPL down .76 at 129.36 on 38.4
million shares
FB down .39 at 82.05
on 20.8 million shares
Technical Commentary:
DIA -0.92%, SPY
-0.85%, QQQ -0.76%, IWM
-1.00%.
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 = 212.91, 213.91...
QQQ = 110.38, 111.16…
IWM = 125.47…
Support Levels
SPY = 208.62, 206.76...
QQQ = 108.76, 106.80, 105.55…
IWM = 122.52, 120.87, 120.24...
The SPX Market Forecast is pointed down at 59.
___________________
Setups
Horizontal Breakout: JUNO,
TPX, YOKU, ANGI, MTW, BIDU, DTV, EBAY, ILMN,
Diagonal Breakout: SFUN,
SLCA, VJET,
Bull Flag: BABA, PANW, SWKS, AVGO, XLNX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BX, HPQ, MBLY, YNDX, GLW, ADBE, AKAM, MSFT, STX,
C- Pattern:
Moves
New Highs: AMBA,
H Breakout:
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: VXX, MYL,
MACD Divergence Bounce:
MNST,
Gap Up: LVS, WYNN,
Gap Down:
C- Pattern:
Bear Flag: CYBR, QIHU,
Support Break: SPY, DGLY, P, SCTY, Z, TXN,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: JUNO, SEDG, AMBA, VXX
Lagging stocks < -2.0% included: LC, SVXY, UNDX, SCTY, SHAK, P, Z, GIMO,
SUM, MBLY, JASO, FAS, DGLY, JCP, SWI, SPLS
19 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: WYNN, DISH, SBAC, MYL, NTAP, NVDA, MNST, REGN,
EBAY, CTRX
Lagging NDX stocks included: VIP, WDC, KLAC, TSCO, AAL, ADSK, LBTYA, STX,
CHRW, CTSH
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 1
SBAC
Moving Below 30 DMA = 9
AMAT, FAST, GOOG, GRMN,
ISRG, LLTC, ORLY, QCOM, WDC
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
