Stocks Finish Higher...Dollar Rises Against EURO After ADP Report...Private Sectors Jobs Beats Estimates...Up 225K...Bounces & Bull Flag Bounces Take Flight...

Eight sectors moved higher on Wednesday…one moved lower…XLF, XPY and XLY were the strongest sectors and XLE was the weakest sector.

 

Breadth strengthened as advancers led decliners 1.62 to 1 on the NYSE and 1.14 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – mixed, decliners led

Thursday – strengthened, decliners led

SPY up 1.65 at 207.50 on 135.8 million shares

VIX down 2.14 at 16.09…

TNX up .83 at 24.18…

TLT down 1.84 at 115.62…

XLF up .37 at 24.75 on 42.5 million shares

Technical Commentary:

IWM +0.30%, QQQ +0.79%, SPY +0.80%, DIA +0.90%.

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 = 206.72, 208.02, 209.16...

QQQ = 108.01, 108.86…

IWM = 126.60, 127.50…

Support Levels

SPY = 205.76, 204.22...

QQQ = 106.55, 105.75…

IWM = 123.94, 122.52...

The SPX Market Forecast is pointed down at 26.

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Setups

Horizontal Breakout: MBLY, ILMN, TSLA,

Diagonal Breakout: CTRP, FEYE, JD, SFUN, TASR, DAVE, SCSS, AKAM, PCLN,

Bull Flag: ADBE,  

Potential Bullish Divergence:

Gap Up: 

Gap Down:

Bear Flag:  

At Support: GLNG, OCN, SONC, SSYS,

C- Pattern: 

Moves

New Highs: TPX, CMCSA,

H Breakout: CMGE,  

D Breakout: W,

Breakout Test:  

Bull Flag Bounce: AIG, CCL, GME, JCP, NCLH, NKE, UBNT, DTV, EA, FB,

MACD Divergence Bounce: BX, HPQ, SUM, V, COST,

Bounce: SPY, QQQ, BAC, C, CIEN, CRM, ETFC, FAS, HABT, IBM, JNPR, SCHW, SEDG, STI, SVXY, UA, BBY, ESI, SWI, VRSN, EBAY, MYL, ROST, WBA,

Gap Up: MS, TPX, LVS, VRSN, CELG, WYNN,

Gap Down:

C- Pattern:   

Bear Flag:  

Support Break: DAL, ANGI, ZU, AAL,

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Watch List Stocks

Leading stocks > +2% on Wednesday: SVXY, FAS, CIEN, TBT, GME, TPX, MBLY, JCP, JUNO

                                                       

Lagging stocks < -2.0% included: SHOP, VXX, SLCA, CSIA, VSLR, YY, SINA, KNDI, YOKU, JD, SOHU, TWTR, CTRP, SCTY

79 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: WYNN, KRFT, CMCSA, MYL, MAT, EA, ORLY, VRTX, ATVI, CELG

Lagging NDX stocks included: SNDK, AAL, GMCR, CTXS, GILD, INTC, REGN, LVNTA, NXPI, MU

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 8

HSIC, MAT, ROST, VRTX, WYNN, KRFT, CHTR TSCO

  

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral