All nine sectors moved
higher again…on Wednesday… XLE,
XLB, XLP were the strongest sectors while XLV was the weakest sector.
Breadth strengthened as advancers
led decliners 3.34 to
1 on the NYSE and 1.66 to 1
on the NASDAQ.
Wednesday – mixed, advancers led
Tuesday – strengthened,
advancers led
Monday – weakened,
decliners led
Friday – weakened
slightly, advancers led
Thursday – strengthened,
advancers led
SPY up 1.72
at 200.18 on 99.1 million shares, below average volume
VIX down 1.19 at 21.35…
TNX up .22 at 23.03…
TLT down .45 at 118.80…on
6.9 million shares
XLF up .15 at 23.55…on 22.6 million shares
AAPL up .13 at 116.41 on 37
million shares, below average volume
FB up .55 at 93.45 on 16.2 million
shares, below average volume
Technical Commentary:
SPY +0.87%, IWM +0.86%, DIA +0.84%, QQQ
+0.56%.
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 up at 40.
__________________
Setups
Horizontal Breakout: BAC, ETSY, HOG, JCP, NKE, NTES, P, SCHW,
SCTY, SHOP, STI, TASR, V, VRSN, AA, ANGI, CAR, EMC, ESI, IBM, JNPR, JUNO, MTW,
SFUN, SWI, TAN, VSLR, YELP, YY, AAPL, ADBE, ADSK, AKAM, AMZN, AVGO, FB, GOOGL, MAR,
SBUX, TRIP, WFM, XLNX,
Diagonal Breakout: BX, ETFC,
PYPL, RPD, SUNE, YOKU, BBRY, CREE, DDD, JASO, SPWR, UAL, VJET, CELG, EBAY, GRMN,
MNST, TXN, WYNN, YHOO,
Bull Flag: UBNT,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: NCLH, RCL, UA,
H Breakout: SPY, QQQ,
CCL, CTRP, DAL, EXPE, FAS, MS, SINA, ZION, ASNA, CSIQ, LRCX, MSFT, NTAP, TSLA,
D Breakout: AIG, BABA, C, FIT, GPRO, LVS, SLCA, SOHU, SUM, ATI, KWEB, CMCSA,
JD, NFLX, QCOM,
Bull Flag Bounce:
MACD Divergence Bounce:
QIHU, W, X,
Bounce: CYBR, FSLR, KNDI, BIDU,
Gap Up: CTRP, HPQ,
Gap Down: UNG,
C- Pattern:
Bear Flag:
Support Break: SONC,
______________________
Watch List Stocks
Leading stocks > +2% on Wednesday: FIT, YOKU, CTRP, QIHU, SINA, GPRO,
SVXY, EXPE, UA, SLCA, SOHU, BABA, NTES, SHOP TSL, LVS, FSLR, W, P, GME, SUM,
SUNE, MBLY, YNDX, UPL, SFUN, KWEB, HPW, ESI, KNDI, XONE, YY, CSIQ VJET, AA,
BBRY, TWTR, JASO, SPWR,
Lagging stocks < -2.0% included: VXX, SONC, UNG, LITE
78 of 100
NDX stocks closed higher on Wednesday and
one was unchanged.
Leading NDX 100 stocks included: JD, BIDU, NFLX, WYNN, MAT, GMCR, TSLA, DISCA,
LVNTA, EBAY
Lagging NDX stocks included: BMRN, AVGO, VRTX, MYL, EXPD, SRCL, ALXN, ESRX,
AMGN, BRCM
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA =
12
ADP, AMAT, CERN, CHKP, CMCSA, CTXS, MU, PAYX, WFM, TXN,
DISCA, JD
Moving Below 30 DMA = 1
CELG
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Up
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