Stocks Gain Ground Early Only To Fizzle In Late Trading As Volatility Continues To Make A Presence...

Eight sectors moved higher on Thursday… XLP, XLB, XLF were the strongest sectors while XLV was the weakest sector. 

Breadth weakened as advancers led decliners 1.83 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, advancers led

SPY up .14 at 195.55 on 152 million shares

VIX down .48 at 25.61…

TNX down .25 at 21.68…

TLT up .59 at 121.57…7 million shares

XLF up .13 at 23.11…48.9 million shares

AAPL down 1.97 at 110.37 on 53.1 million shares

FB down 1.74 at 88.15 on 26.9 million shares

Technical Commentary:

DIA +0.13%, SPY +0.07%, IWM -0.16%, QQQ -0.49%.

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 down at 33.

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Setups

Horizontal Breakout: FSLR, HOG, P, RCL, SCTY, SUM, TASR, AA, ASNA, CAR, GLW, OCN, RAX, TAN, TWTR, ESRX, INTC, MSFT,

Diagonal Breakout: AXTA, BABA, BAC, C, CRM, ETFC, ETSY, EXPE, NCLH, NKE, PANW, SCHW, SINA, SONC, SWKS, V, ZION, HABT, SPWR, VSLR, AAPL, AVGO, BIDU, BRCM, CMCSA, EA, GOOGL, LRCX, MAR, SBUX, SWKS, TSLA,  

Bull Flag: 

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:

At Support: AMBA, MYL,

C- Pattern: 

Moves

New Highs: 

H Breakout: JCP (long term), SEDG, UBNT, CIEN, AKAM,

D Breakout: TPX, GLNG, WBA,  

Bull Flag Bounce:

MACD Divergence Bounce: UNG,   

Bounce: AIG, BX, LVS, SHOP, SPLK, DAVE, WYNN, YHOO,

Gap Up: IBM,    

Gap Down: 

C- Pattern:                                                          

Bear Flag:  

Support Break: 

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Watch List Stocks

Leading stocks > +2% on Thursday: SUNE, SEDG, P, LVS, JCP, UNG, SLCA, BX

                                                       

Lagging stocks < -2.0% included: AMBA, GPRO, MBLY, CYBR, W, X, ETSY, DAL

59 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: VIAB, AKAM, YHOO, MDLZ, WYNN, MU, CHTR, EA, INTC, GMCR

Lagging NDX stocks included: NFLX, MYL, SPLS, GILD, BMRN, AMGN, REGN, FB, VRTX, JD

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 6

AKAM, SRCL, WDC, LMCA, CHTR, LVNTA

Moving Below 30 DMA = 3

ALTR, SPLS, AAL

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral