All nine sectors moved
higher on Wednesday…XLK, XLF and XLE were the strongest sectors and XLU
was the weakest.
Breadth strengthened
as advancers
led decliners led 2.63 to 1 on the NYSE and
2.78 to 1 on
the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday – strengthened,
decliners led
Monday – weakened,
decliners led
Friday – strengthened,
mixed
Thursday – weakened,
decliners led
SPY up 2.50 at 208.45 on 134 million shares, 45% above average volume
VIX down 1.25 at 13.22…
TNX up .61 at 24.78…
TLT down 1.02 at 115.52…
XLF up .35 at 25.05 on 43.8 million shares, 62% above average volume
AAPL up 1.46 at 128.88 on 39
million shares, 15% below average volume
FB up 1.49 at 82.16
on 21.5 million shares,
2% above average volume
Technical Commentary:
QQQ +1.37%,
DIA +1.32%, IWM +1.25%, SPY +1.20%.
SPY, QQQ, IWM and DIA form strong
bullish candle to complete a strong morning star candle pattern on Wednesday.
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 = 212.67, 213.78...
QQQ = 110.81, 111.16…
IWM = 125.93, 127.13…
Support Levels
SPY = 208.62, 206.76...
QQQ = 108.63, 106.80…
IWM = 123.03, 122.52...
The SPX Market Forecast is pointed down at 34.
___________________
Setups
Horizontal Breakout: IWM,
JD, JNPR, MBLY, NTES, QIHU, SLCA, SPLK, SPWR, TASR, UBNT,
Diagonal Breakout: CCL,
CRM, ZNGA,
Bull Flag: CYBR,
GPRO, JASO, JCP, JUNO, RCL, SEDG, SOHU, SUNE, YOKU,
Potential Bullish
Divergence: LUV
Moves
New Highs: BAC, C,
ETFC, FEYE, GIMO, MS, NFLX, SINA, STI, ZION, W, SBUX
H Breakout: AIG, SFUN,
TPX, YY,
D Breakout: QQQ, SPLK, SPY, V
Bull Flag Bounce: CIEN,
CTRP, EXPE, FAS, GOGO, PANW, SCHW, SVXY, SWKS, UA,
Bounce: BABA, BX, HPQ, IBM, NTES, SLCA, SUM, TSL, UBNT,
MACD Divergence Bounce:
CSIQ, DGLY, DAL, NKE, SPWR, SWI,
Gap Up: NFLX, OXM, FLT, Y, DYN, JCI, VNET
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday:
SPWR, SLCA, FAS, YY, SVXY, TSL, CSIQ, TASR, JUNO, SWKS, SPLK, EXPE, SFUN, AIG,
QIHU, UBNT, GIMO, LC, V, DGLY, GOGO, UNG, CTRP, NTES
Lagging stocks < -2.0% included: CIEN, VXX, CYBR, SHAK, YELP
87 of 100
NDX stocks closed higher on Wednesday
and one was unchanged.
Leading NDX 100 stocks included: ALXN, NFLX, ADI, INTU, GILD, TXN, CTXS, AKAM,
HSIC, SBUX
Lagging NDX stocks included: REGN, TSLA, NVDA, VOD, GMCR
NDX Stocks to Watch on
Thursday
Moving Above 30 DMA = 23
AAPL, ADBE, ALXN, AMAT, AMZN, CHRW, CMCSA, DLTR, EA, ESRX,
EXPD, FISV, GOOG, GRMN, HSIC, LLTC, MAT, NXPI, SPLS, SRCL, TSCO, VIAB, WBA
Moving Below 30 DMA = 1
NVDA
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
