All nine sectors moved
higher on Wednesday… XLK, XLI, XLY
were the strongest sectors while XLE was the weakest sector.
Breadth strengthened
as advancers
led decliners 2.88 to 1 on the NYSE and
2.25 to 1 on
the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday – weakened,
decliners led
Monday – weakened,
decliners led
Friday – weakened, advancers
led
Thursday – strengthened,
advancers led
SPY up 3.64 at 195.41 on 159.7 million shares
VIX down 5.31 at 26.09…
TNX up .21 at 21.93…
TLT down 1.05 at 120.98…9.5
million shares
XLF up .31 at 22.98…42.6
million shares
AAPL up 4.62 at 112.34 on 61.8
million shares
FB up 2.66 at 89.89 on 27.1 million
shares
Technical Commentary:
IWM +1.80%, DIA + 1.87%, SPY +1.90%, QQQ
+2.82%.
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 =...200.00
QQQ = 106.47…
IWM = 116.66, 117.50…
Support Levels
SPY = 196.03, 194.95...
QQQ = 100.49, 99.29…
IWM = 114.76, 111.79...
The SPX Market Forecast is turned up at 36.
__________________
Setups
Horizontal Breakout: BBRY, BBY, VSLR,
Diagonal Breakout: AXTA, LVS,
PANW, SUNE, ATI, CIEN, GLW, HABT, MTW, AKAM, MU, TRIP, WBA,
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs:
H Breakout: DAL, GOGO,
D Breakout:
Bull Flag Bounce:
MACD Divergence Bounce:
SVXY,
Bounce: IWM, SPY, QQQ, AIG, BAC,
C, CCL, CRM, CTRP, DAL, ETSY, EXPE, FAS, GME, HOG, MBLY, MS, NCLH, NKE, PYPL, RCL,
SCTY, SHAK, SONC, SUM, SWKS, TASR, TPX, UA, UBNT, VRSN, ZION, CAR, GIMO, IBM,
JUNO, KKD, LNKD, MFRM, RAX, TWTR, Z, AAL, AAPL, ADBE, AMZN, AVGO, BIDU, BRCM,
CELG, COST, EA, ESRX, FB, GILD, GOOGL, ILMN, INTC, LRCX, MAR, MSFT, PCLN, QCOM,
ROST, SBUX, SWKS, TSLA, TXN,
Gap Up:
Gap Down: AMBA, GPRO, DGLY,
C- Pattern:
Bear Flag:
Support Break: UNG,
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday: SVXY, SCTY, TASR, DAL, FAS, PYPL,
TSL, CCL, RCL, SWKS, QIHU, SUM, QQQ, X, EXPE,
RPD, UA, NCLH, UBNT, VRSN, SEDG, TPX, HOG, FIT, BAC, ETSY, CRM, MS
Lagging stocks < -2.0% included: VXX, AMBA, GPRO, SLCA, RUN
95 of 100
NDX stocks closed higher on Wednesday.
Leading NDX 100 stocks included: AAL, CHRW, REGN, AAPL, BIIB, VRTX, AVGO, EXPD,
TSLA, NXPI
Lagging NDX stocks included: DLTR, STX
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 8
AAL, ALTR, AVGO, BRCM, CHRW, INTC, MAT, SPLS
Moving Below 30 DMA = 9
STX
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Down/Neutral
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