Four sectors moved
higher on Wednesday…XLU, XLK, XLP
were the strongest sectors while XLB was the weakest sector.
Breadth strengthened as decliners led advancers 1.42 to 1 on the NYSE and
1.35 to 1 on the NASDAQ.
Wednesday – strengthened, decliners led
Tuesday – weakened, decliners led
Monday – mixed, mixed
Friday – weakened,
decliners led
Thursday – weakened, advancers led
SPY down .31 at 193.60 on 92.5 million shares, below average volume
VIX down .31 at 22.13…
TNX up .19 at 21.44…
TLT down .01 at 121.77…on
6.7 million shares
XLF up .01 at 22.64…on
28.2 million shares, below average volume
AAPL up .92 at 114.32 on 35.7
million shares
FB up 1.01 at 93.97 on 21.6 million
shares
Technical Commentary:
IWM -0.30%, DIA -0.25%, SPY -0.16%, QQQ
+0.08%.
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 38.
__________________
Setups
Horizontal Breakout: CYBR, SSYS, ADBE, SBUX,
Diagonal Breakout: GPRO,
Bull Flag: QQQ, DAL, ETSY, EXPE, PANW, UA, LC, LNKD, UAL,
AMZN, CMCSA, JD, PCLN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BABA, BX, SLCA, SOHU, BBRY, CREE, EMC, GLNG, UPL, VJET, GRMN,
TRIP,
C- Pattern:
Moves
New Highs:
H Breakout:
D Breakout:
Bull Flag Bounce: CCL,
NCLH, RCL, SWKS, AVGO, EA, SWKS,
MACD Divergence Bounce:
Bounce: BAC, MBLY, NTES, SPLK, SVXY, GIMO, HABT, COST, FB,
Gap Up:
Gap Down:
C- Pattern:
Bear Flag:
Support Break: AMBA, SCTY, SUM, AA, FOGO, ZNGA,
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday: CYBR, CCL, NCLH, W, PYPL, HABT,
GIMO,
Lagging stocks < -2.0% included:
SUNE, SCTY, AMBA, X, TSL, SLCA, LVS,
ETSY, SEDG, RUN, BABA, SUM CTRP, FSLR, SOHU, VXX, EXPE, YOKU, SINA, GPRO, ESI,
CSIQ, FEYE, FOGO, GLNG, ATI, SSYS, XONE, DAVE, TAN, LC, LOCO, SPWR, YNDX, SFUN,
AA, UPL, DGLY, GOGO, VJET, VSLR, RAX
39 of 100
NDX stocks closed higher on Wednesday and
two were unchanged.
Leading NDX 100 stocks included: COST, SWKS, FISV, ORLY, REGN, SBUX, EA, FB,
DLTR, ADBE
Lagging NDX stocks included: WYNN, JD, MU, AMAT, KLAC, LRCX, GMCR, BIDU,
MYL, TRIP
NDX Stocks to Watch on
Tuesday:
Moving Above 30 DMA = 3
FISV, VRSK, EA
Moving Below 30 DMA = 6
GOOG, MAT, GMCR, DISH, NXPI, SWKS
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Down
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