Thursday, June 18, 2015

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.

___________________

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,
______________________

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


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