NASDAQ & RUT Closes At Record Highs...SPX & DIA Has Diagonal Breakouts...20 NDX Stocks Move Above 30 DMA...

Eight out of nine sectors moved higher on Thursday…XLV, XLU and XLY were the strongest sectors and XLE was the weakest. 

 

Breadth strengthened as advancers led decliners 2.03 to 1 on the NYSE and 2.34 to 1 on the NASDAQ.

Thursday – strengthened, advancers led

Wednesday – weakened, mixed

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – weakened, decliners led

SPY up 2.19 at 212.78 on 165.8 million shares

VIX down 1.31 at 13.19…

TNX up .45 at 23.51…

TLT down .58 at 117.57…

XLF up .23 at 25.27 on 56.9 million shares

AAPL up .58 at 127.88 on 35.3 million shares

FB up 1.11 at 82.91 on 26.7 million shares

Technical Commentary:

DIA +1.03%, SPY +1.04%, IWM +1.34%, QQQ +1.46%.

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 = 127.13, 128.15…

Support Levels

SPY = 208.62, 206.76...

QQQ = 108.63, 106.80…

IWM = 123.94, 122.52...

The SPX Market Forecast is turned up at 46.

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Setups

Horizontal Breakout: CRM, GOGO, JNPR, SVXY, SWKS, EMC, LVS, SSYS, VRSN, ZU, CELG, GOOGL, LRCX, NTAP, TRIP,

Diagonal Breakout: HPQ, IBM, SWI, V, Z, ZNGA, ANGI, BBY, GLW, UAL, AAL, AAPL, PCLN, QCOM, STX, WYNN,

Bull Flag: JD, KNDI,

Potential Bullish Divergence:

Gap Up: 

Gap Down:

Bear Flag:  

At Support: ATI, BAC, CTRP,

C- Pattern: 

Moves

New Highs: IWM, AMBA, FAS, NKE, P, SPLK, DTV, EA, GILD, ILMN, SBUX,

H Breakout: CCL, EXPE, NCLH, RCL, AMZN, CMCSA, FB, GRMN, WBA,

D Breakout: SPY, QQQ, DAL, ADSK, AKAM, MSFT, XLNX,

Breakout Test:   

Bull Flag Bounce: AIG,  

Bounce: P, JDSU, ADBE, MYL,

MACD Divergence Bounce: CAR, RAX,

Gap Up: DGLY, HOG, MAR,

Gap Down:

C- Pattern:   

Bear Flag:  

Support Break: SHAK, YNDX, DAVE,

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Watch List Stocks

Leading stocks > +2% on Thursday: DGLY, AMBA, RCL, SWKS, SVXY, FAS, SONC, CCL, SPLK,

                                                       

Lagging stocks < -2.0% included: SHAK, SFUN, YOKU, SOHU, VXX, UNG, LC

93 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: VIP, CELG, TRIP, GRMN, NXPI, REGN, VRTX, AMGN, BIIB, AMZN

Lagging NDX stocks included: GMCR, YHOO, DISH

NDX Stocks to Watch on Friday

Moving Above 30 DMA = 20

ADBE, AMGN, AMZN, BBBY, BIIB, CELG, CERN, CSCO, GOOG, GRMN, INTU, ISRG, LLTC, MYL, SIRI, SPLS, SRCL, SYMC, VRTX, LMCA

  

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up