Stocks End Lower Amid Greek Drama...Talks Make Little Progress...FB Makes Record High...Numerous Bull Flags Developing...

All sectors moved lower on Wednesday…the strongest sectors were XLP, XLK and XLE…XLB was the weakest. 

 

Breadth weakened as decliners led advancers 2.47 to 1 on the NYSE and 2.52 to 1 on the NASDAQ.

Wednesday – weakened, decliners led

Tuesday – weakened, advancers led

Monday – strengthened, advancers led

Friday – weakened, decliners led

Thursday – strengthened, advancers led

SPY down 1.54 at 210.50 on 92.2 million shares

VIX up 1.15 at 13.26…

TNX down .38 at 23.71…

TLT up 1.00 at 116.95…

XLF down .21 at 24.96 on 21.5 million shares

AAPL up 1.08 at 128.11 on 55.2

FB up .98 at 88.86 on 41.3 million shares

Technical Commentary:

QQQ -0.51%, SPY -0.73%, IWM -0.84%, DIA -0.94%.

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 = 128.99, 131.36…

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 78.

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Setups

Horizontal Breakout: GME (long term), NCLH, MFRM,

Diagonal Breakout: MTW, AAPL,

Bull Flag: AMBA, CIEN, CRM, CYBR, GOGO, PANW, RCL, SPLK, SWKS, UBNT, W, LVS, CMCSA, ESRX, SBUX, TRIP, WBA,

Potential Bullish Divergence:

Gap Up: 

Gap Down:

Bear Flag:  

At Support: HPQ, GMCR, WYNN,

C- Pattern: 

Moves

New Highs: FB,

H Breakout:  

D Breakout:

Breakout Test:  

Bull Flag Bounce:

MACD Divergence Bounce: VXX,  

Gap Up:

Gap Down: C, FEYE, SWI,  

C- Pattern:   

Bear Flag:  

Support Break: BX, LC, ANR, AKAM, QCOM, STX, XLNX,

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Watch List Stocks

Leading stocks > +2% on Wednesday:

                                                       

Lagging stocks < -2.0% included: HABT, FEYE, UBNT, CYBR, SFUN,

8 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: EA, FB

Lagging NDX stocks included: NTAP, SPLS, ALXN, VIP, GMCR, GRMN, QCOM, WYNN, SNDK, CHKP

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 1

AMAT

  

Moving Below 30 DMA = 13

BBBY, CHRW, EXPD, INTU, ISRG, NTAP, PCAR, SIRI, SPLS, SRCL, TXN, FOXA, DISH

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral