Trading Session Closes With A Strong Finish As NASDAQ Adds +102 Points & DJIA Gains +235 Points...Bounces Here...Bounces There...Bounces Everywhere...

All nine sectors moved higher on Wednesday…XLY, XLE, XLB were the strongest sectors while XLP was the weakest sector.

Breadth strengthened as advancers led decliners 3.06 to 1 on the NYSE and 2.61 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – strengthened, decliners led

Monday – weakened, decliners led

Friday – mixed, decliners led

Thursday – mixed, decliners led

SPY up 3.51 at 191.63 on 163.4 million shares

VIX down 2.33 at 24.50…

TNX up .06 at 20.60…

TLT down .43 at 123.54…on 9.8 million shares

XLF up .34 at 22.66…on 39.8 million shares

AAPL up 1.24 at 109.06 on 73.2 million shares

FB up 3.23 at 89.90 on 36.1 million shares

Technical Commentary:

DIA +1.49%, IWM +1.55%, SPY +1.87%, QQQ +2.30%.

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 =...197.68…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 190.56, 189.74...

QQQ = 102.27, 101.34…

IWM = 110.93, 109.11...

The SPX Market Forecast is pointed down at 18.

__________________

Setups

Horizontal Breakout: P, ASNA,

Diagonal Breakout:  

Bull Flag:  

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support:  

C- Pattern: 

Moves

New Highs: 

H Breakout: INTC, TXN,  

D Breakout:  

Bull Flag Bounce: BBY, CYBR, DAL, FIT, JBLU, NKE,    

MACD Divergence Bounce: IWM, AMBA, GPRO, SCHW,

Bounce: SPY, QQQ, DIA, AIG, BAC, BX, CCL, CRM, CRUS, ETFC, EXPE, FSLR, GME, JCP, MBLY, NCLH, NTES, PANW, QIHU, RCL, RUN, SCTY, SINA, SPLK, STI, SUM, SUNE, SWKS, TSL, UA, UBNT, V, W, YOKU, BABA, CAR, CSIQ, DAVE, DDD, EMC, ESI, GIMO, GLNG, GOGO, HPQ, IBM, JASO, JNPR, LNKD, SLCA, SPWR, TAN, TWTR, UAL, YY, AAPL, ADBE, AKAM, AMZN, AVGO, BRCM, CELG, CMCSA, COST, EA, FB, GILD, GOOGL, GRMN, ILMN, JD, MAR, MSFT, MU, NFLX, NTAP, PCLN, QCOM, ROST, SBUX, SNDK, STX, SWKS, WBA, XLNX, YHOO,

Gap Up: HOG, VRSN, GLW, WDC,

Gap Down:  

C- Pattern:    

Bear Flag:  

Support Break: ADSK,  

______________________

Watch List Stocks

Leading stocks > +2% on Wednesday: SINA, SUNE, TSL, FIT, QIHU, RUN, BX, SVXY, YOKU, GPRO, FSLR, MBLY, SCY, AMBA, UBNT, RCL, BYCR, FAS, SCHW, CRUS, VRSN, SUM EXPE, BBY, HOG, ETFC, CCL, UA, NKE, W, PANW, JBLU, QQQ, NCLH, JCP, TASR, DAVE, ESI, DGLY, SFUN, JASO, DDD, GLNG, TWTR, CSIQ, GIMO, EMC, TAN, SPWR, HPQ, SLCA, GOGO, KWEB, CAR, YY, ZNGA, ASNA, KNDI, VSLR, VJET, JNPR, CIEN, XONE, GLW, YELP, AA, MTW, JUNO

                                                       

Lagging stocks < -2.0% included: VXX, RPD, HABT, UNG, RAX

96 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: WDC, SNKD, STX, JD, NFLX, AVGO, MAR, TXN, MU, LRCX

Lagging NDX stocks included: GMCR, ADSK

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 11

ADBE, CMCSA, MSFT, SNDK, WDC, XLNX, TSLA, BRCM, AVGO, EA, JD,

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral

US Private Sector Adds 200K Jobs...Stocks Set To Bounce At The Open...+1% Gains...EURO Weakens...Dollar Rises...

BMO – ES + 23.00…and NQ + 58.25…stock futures point to a HIGHER open…

SPY is …up 2.31…

XLF is …up .27…

Euro is down 52 pips…

TLT is …down .76…

Quoting Up: WDC, STX, ORLY, CTXS, JD, MYL, VRTX, TSLA, SNDK, NFLX, SVXY, CCL, FAS, UA, AMBA, BX, YELP, SSYS, RAX,

Quoting Down: VXX, HSIC, TLT,

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Stocks Bounce Moderately...S&P 500 Breaks Five Day Losing Streak To End In Positive Territory...DJIA Also Advances...

Five sectors moved higher on Tuesday…XLV, XLI, XLB were the strongest sectors while XLK was the weakest sector.

Breadth strengthened as decliners led advancers 1.65 to 1 on the NYSE and 1.66 to 1 on the NASDAQ.

Tuesday – strengthened, decliners led

Monday – weakened, decliners led

Friday – mixed, decliners led

Thursday – mixed, decliners led

Wednesday – strengthened, decliners led

SPY up .11 at 188.12 on 158.2 million shares

VIX down .80 at 26.83…

TNX down .41 at 2054…

TLT up .35 at 123.97…on 9 million shares

XLF up .04 at 22.32…on 39.4 million shares

AAPL down 3.38 at 109.06 on 73.2 million shares

FB down 2.54 at 86.67 on 42.2 million shares

Technical Commentary:

QQQ  -0.52%, IWM -0.71%, SPY +0.06%, DIA +0.28%.

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 =...197.68…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 190.56, 189.74...

QQQ = 102.27, 101.34…

IWM = 110.93, 109.11...

The SPX Market Forecast is pointed down at 19.

__________________

Setups

Horizontal Breakout:

Diagonal Breakout:  

Bull Flag: CRUS, CYBR, FIT, JBLU, NKE, RPD, SBUX, TSLA,

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: BX, FSLR, MS, PYPL, RCL, SWKS, UA, DDD, FEYE, IBM, KKD, SPWR, SSYS, TAN, YELP, YY, ADSK, AMZN, GOOGL, NTAP, QCOM, ROST,

C- Pattern: 

Moves

New Highs: 

H Breakout: SFUN,

D Breakout:  

Bull Flag Bounce: NTES,   

MACD Divergence Bounce: BABA, UPL,

Bounce: BBY, CTRP, HOG, JBL, MBLY, P, SCTY, SEDG, UBNT, V, VRSN, YOKU, AXTA, GOGO, HABT, YNDX, BIDU, CELG, ESRX, GILD, ILMN, INTC, LRCX, TXN, WDC, WFM,

Gap Up: 

Gap Down: VJET,

C- Pattern:    

Bear Flag:  

Support Break: IWM, LVS, GIMO, VSLR, AAPL,

______________________

Watch List Stocks

Leading stocks > +2% on Tuesday: SEDG, UBNT, YOKU, NTES, TSL, TSL, P, MBLY, SFUN, GOGO, UPL, YNDX, ESI, HABT, LOCO, LC, X, GLW, AXTA,

                                                       

Lagging stocks < -2.0% included: UA, LVS, W, PYPL, CYBR, SUM, PANW, SUNE, BX, FL, SONC, RUN, NCLH, EXPE, FIT, JCP, QIHU, NKE, GIMO, SSYS, VJET, DDD, VSLR, BBRY, RAX, ZNGA, XONE, DGLY, KNDI, UNG UAL MFRM, ANGI, SHAK, SLCA

47 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: BIDU, FOXA, YHOO, CERN, MU, BIIB, LRCS, NVDA, WFM, INTC

Lagging NDX stocks included: DISCA, DLTR, SYMC, AAPL, FB, CHTR, MAT, VIP, MYL, BMRM

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 17

ADP, AMZN, AVGO, BRCM, CHKP, CHRW, CTXS, FISV, MSFT, XLNX, FB, TSLA, GMCR, EA, LVNTA, JD, SWKS

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

Stock Futures Moves Into Positive Territory Before Release Of Key Data...

BMO – ES + 11.25…and NQ + 24.50…stock futures point to a HIGHER open…

SPY is …up 1.06…

XLF is …up .15…

Euro is down 30 pips…

TLT is …down .52…

Quoting Up: YHOO, GMCR, NXPI, TSLA, AMGN, AVGO, GILD, PCLN, SVXY, GPRO, AMBA, QIHU,

Quoting Down: VXX, VRTX, SCTY, UA,

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Investors Hit Slippery Slope In Today's Market As Stocks Finish At Lowest Level Since August...DJIA Off 300+ Points...NDX Stocks Close With 99 Stocks In The Red...Large Volume Of Support Breaks...Many Stocks Close At Support...

All sectors moved lower on Monday…XLU, XLP, XLI were the strongest sectors while XLE was the weakest sector.

Breadth weakened as decliners led advancers 8.72 to 1 on the NYSE and 5.27 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – mixed, decliners led

Thursday – mixed, decliners led

Wednesday – strengthened, decliners led

Tuesday – weakened, decliners led

SPY down 4.84 at 188.01 on 176.5 million shares

VIX up 4.01 at 27.63…

TNX down .73 at 20.95…

TLT up 2.08 at 123.62…on 9.8 million shares

XLF down .53 at 22.28…on 47.3 million shares

AAPL down 2.27 at 112.44 on 52 million shares

FB down 3.56 at 89.21 on 41.1 million shares

Technical Commentary:

DIA -1.90%, SPY -2.51%, IWM -2.80%, QQQ -2.85%.

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 =...197.68…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 190.56, 189.74...

QQQ = 102.27, 101.34…

IWM = 110.93, 109.11...

The SPX Market Forecast is pointed down at 24.

__________________

Setups

Horizontal Breakout: CRUS,

Diagonal Breakout: NTES, SFUN,

Bull Flag: FIT, P, RPD, ASNA, LC, COST, SBUX,

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: IWM, BAC, FAS, FSLR, GME, LVS, MBLY, MS, SINA, STI, UBNT, YOKU, CREE, EMC, GIMO, HABT, IBM, LOCO, SPWR, SSYS, TAN, VSLR, YELP, YY, AAPL, ADSK, GOOGL, NTAP, PCLN, QCOM, TRIP,

C- Pattern: 

Moves

New Highs:  

H Breakout:

D Breakout:  

Bull Flag Bounce: AA,  

MACD Divergence Bounce:

Bounce:  

Gap Up:  

Gap Down:

C- Pattern:    

Bear Flag:  

Support Break: SPY, BX, CCL, CTRP, GPRO, JBLU, NCLH, PYPL, SONC, SPLK, SUM, SUNE, TASR, TPX, TSL, V, AXTA, BABA, BBRY, DGLY, HPQ, KNDI, MTW, RAX, GILD, MAR, ROST, WBA, YHOO,

______________________

Watch List Stocks

Leading stocks > +2% on Monday: VXX, AA, SFUN

                                                       

Lagging stocks < -2.0% included: SUNE, SEDG, RUN, TSL, SUM, GPRO, FAS, SVXY, TASR, BS, SWKS, FSLR, AMBA, SPLS, TSP, CTRP, NCLH, QIHU, GLNG, SLCA, SPWR, KNDI, VSLR, CSIQ, VJET, DAVE, AXTA, CAR, ATI, TAN, X, DGLY

Only 1 of 100 NDX stocks closed higher on Monday…99 closed lower.

Leading NDX 100 stocks included:

Lagging NDX stocks included: LBTYA, BMRM, REGN, VIP, WYNN, MYL, CHTR, SWKS, MU, GILD

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 5

CHRW, INTC, MSFT, JD, SWKS

Moving Below 30 DMA = 2

PCLN, CHTR

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

Stock Futures Sitting In The Negative Before The Open...US Consumer Spending Rises...C & JCP Upgraded...

BMO – ES – 9.25…and NQ – 22.00…stock futures point to a LOWER open…

SPY is …down 1.40…

XLF is …down .13…

Euro is down 36 pips…

TLT is …up .56…

Quoting Up: VXX, JCP, SEDG, NCLH, ADSK, ORLY, SRCL,

Quoting Down: SVXY, SUNE, FIT, CTRP, AIG, CYBR, DISH, DISCA, VOD, MDLZ, BIDU, MYL, ATVI, AAL

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

NKE Gaps Higher Leads DJIA...Financials Lead Sectors Following Yellen Comments...

Five sectors moved higher on Friday…XLF, XLU, XLP were the strongest sectors while XLV was the weakest sector.

Breadth was mixed as decliners led advancers 1.08 to 1 on the NYSE and 1.94 to 1 on the NASDAQ.

Friday – mixed, decliners led

Thursday – mixed, decliners led

Wednesday – strengthened, decliners led

Tuesday – weakened, decliners led

Monday – mixed, mixed

SPY down .05 at 192.85 on 155 million shares, below average volume

VIX up 0.15 at 23.62…

TNX up .48 at 21.68…

TLT down 1.06 at 121.54…on 8.3 million shares

XLF up .33 at 22.81…on 45 million shares, below average volume

AAPL down .29 at 114.71 on 56.1 million shares

FB down 1.64 at 92.77 on 28.9 million shares

Technical Commentary:

DIA +0.62%, SPY -0.03%, QQQ -0.85%, IWM -1.31%.

NKE +10.21, +8.89% gapped higher on a positive earnings reaction to lead the DJIA and DIA to a gain.  CSCO, JPM, PG and GS were also DJIA leaders on Friday. 

The SPX was near unchanged led by NKE and the financial sector gainers GNW, ICE, KEY, NDAQ, C, NTRS, BK, ETFC, CCI, CME, USB, CME, FITB, STI, BAC, JPM and ZION.  Fed Chair Janet Yellen made comments Thursday evening regarding an interest rate hike before year end.

The NDX was weighed down by selloffs in AMZN, GOOG, AMGN, GILD, FB, REGN, CELG, BIIB, VRTX, ALXN, ILMN, PCLN and ESRX.

Volatility remains high and is causing 25 to 40 point daily ranges in the SPX which is in a four week sideways trend.  The SPX on Thursday fell to Sep 4 support making a similar low.  Friday opened higher but was unable to hold gains and closed flat for the day.

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 =...197.68…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 190.56, 189.74...

QQQ = 102.27, 101.34…

IWM = 110.93, 109.11...

The SPX Market Forecast is pointed down at 31.

__________________

Setups

Horizontal Breakout: RPD, W, ULTA

Diagonal Breakout: SVXY,

Bull Flag: BBY, CCL, DAL, EXPE, FIT, JBLU, JCP, NCLH, P, PANW, RCL, SHOP, SWKS, VRSN,

Potential Bullish Divergence: MBLY, MS, SUM

At Support: SPY, GME, GPRO, LVS, SUNE

Moves

New Highs: NKE, UA, FL

Bull Flag Bounce: CRM, UA

Bounce: VXX,

Gap Up: NKE, JBL, CRUS, AIG, BAC, C, ETFC, FAS, FL, SCHW, TSL, ZION

______________________

Watch List Stocks

Leading stocks > +2% on Friday: NKE, FAS, C, SEDG, ETFC, VXX, TSL, STI, BAC, ZION

                                                       

Lagging stocks < -2.0% included: AMBA, SUNE, ETSY, MBLY, GPRO, SUM, SCTY, FIT, SHAK, SVXY, YOKU, CTRP

44 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: CSCO, JD, AVGO, TSCO, ATVI, EXPD, ORLY, AKAM, SWKS

Lagging NDX stocks included: VRTX, ILMN, REGN, CELG, MYL, BMRN, AMGN, ISRG, BIIB, MU, STX, WYNN, CERN

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

INTC, JD, MSFT, SWKS

Moving Below 30 DMA = 2

CHTR, PCLN

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

Stock Futures Rally In Pre-Market...US Economy Growth By 3.9%...NKE Surges Gaining 8.27%...Many Blue Light Specials...Happy Hunting...

BMO – ES + 22.25…and NQ + 47.00…stock futures point to a HIGHER open…

SPY is …up 2.06…

XLF is …up .28…

Euro is down 21 pips…

TLT is …down .97…

Quoting Up: NKE, SVXY, SUNE, FAS, CYBR, SOHU, SCTY, FIT, PYPL, UA, CSIQ, FEYE, UAL, ATVI, BRCM, SWKS, NXPI, EBAY, MNST, EA, BIIB, LRCX

Quoting Down: VXX, TLT,

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Stocks Close Under...FED...Yellen...Reveals Initial Interest Rate Hike Likely To Happen Before End Of Year...NKE Rallies After Earnings...NKE Up 7.22%...JUNO Gains 9.58%...More Bull-Flag Bounces...

Three sectors moved higher on Thursday…XLU, XLE, XLP were the strongest sectors while XLV was the weakest sector.

Breadth strengthened as decliners led advancers 1.48 to 1 on the NYSE and 1.22 to 1 on the NASDAQ.

Thursday – mixed, decliners led

Wednesday – strengthened, decliners led

Tuesday – weakened, decliners led

Monday – mixed, mixed

Friday – weakened, decliners led

SPY down .67 at 192.93 on 157.1 million shares, below average volume

VIX up 1.34 at 23.47…

TNX down .24 at 21.20…

TLT up .83 at 122.60…on 9.5 million shares

XLF down .16 at 22.48…on 41.4 million shares, below average volume

AAPL up .68 at 115.00 on 50 million shares

FB up .44 at 94.41 on 29 million shares

Technical Commentary:

IWM -0.17%, SPY -0.35%, QQQ -0.36%, DIA -0.44%.

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 =...199.84…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 194.25, 192.59...

QQQ = 103.59, 100.63…

IWM = 113.66, 111.60...

The SPX Market Forecast is pointed down at 33.

__________________

Setups

Horizontal Breakout: CYBR, NCLH, NKE, RPD, COST, MNST,

Diagonal Breakout: GPRO, MBLY, V, LITE,

Bull Flag: BBY, CRM, DAL, EXPE, FIT, RCL, SWKS, VRSN, LNKD, SWI, AMZN, BRCM, EA, SWKS, XLNX,

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: AXTA, BABA, BX, FAS, SCHW, STI, SUNE, CIEN, CREE, EMC, ESI, HPQ, RAX, UAL, VJET, QCOM, YHOO,

C- Pattern: 

Moves

New Highs: 

H Breakout: SBUX,  

D Breakout:  

Bull Flag Bounce: PANW, UA, JUNO, GOOGL, JD, PCLN,

MACD Divergence Bounce: AMBA, SOHU, UNG, STX,

Bounce: CTRP, ETSY, GME, SHAK, SINA, TASR, TSL, YOKU, CAR, IBM, AAPL, FB, MU, NFLX,

Gap Up: 

Gap Down: C,  

C- Pattern:    

Bear Flag:  

Support Break: UBNT, YNDX,

______________________

Watch List Stocks

Leading stocks > +2% on Thursday: GPRO, TASR, VXX, CTRP, YOKU, ETSY, X, GLD, AMBA, JUNO, ATI, CAR, SFUN, VIAV, OCN

                                                       

Lagging stocks < -2.0% included: UBNT, SUM SUNE, BX, SVXY, RCL, AXTA, SCHW, FAS, SWKS, DGLY, ESI, GIMO, LOCO, FOGO, UAL RAX, HABT, YNDX, SWI, YELP

39 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: NFLX, JD, MU, SPLS, MNST, NVDA,STX, XLXN, SBUX, CTXS

Lagging NDX stocks included: BMRN, CHTR, GILD, CELG, REGN, SBAC, AAL, ADI, SWKS, WBA

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

XLNX, GMCR

Moving Below 30 DMA = 6

CERN, CMCSA, INTC, SIRI, VRSK, SWKS

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down

 Fla