DJIA Has Highest Close Since July...Up Almost 200 Points...QQQ Makes Record High...SPY Has Bull Flag Bounce...GPRO Earnings Miss Estimates...Down 17.41% In After Hours Trading...

Seven sectors moved higher on Wednesday…XLF, XLE and XLB were the strongest sectors while XLU was the weakest sector.

Breadth strengthened on the NYSE as advancers led decliners 3.74 to 1 on the NYSE and 3.71 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened on the NYSE, advancers led

Thursday – strengthened, advancers led

SPY up 1.14 at 208.95 on 135.7 million shares

VIX down 1.10 at 14.33…

TNX up .64 at 20.92…

TLT down .50 at 123.83…on 8.4 million shares

XLF up .56 at 24.46…on 91 million shares

AAPL up 4.72 at 119.27 on 85.5 million shares

FB up .50 at 104.20 on 24 million shares

Technical Commentary:

QQQ +0.83%, SPY + 1.14%, DIA + 1.14%, IWM + 2.92%.

Short-term Chart Targets:

SPY =...204.15, 205.38…

QQQ = 108.46, 109.03…

IWM = 116.30, 118.55…

Support Levels

SPY = 201.92, 198.94...

QQQ = 105.49…

IWM = 112.66...

The SPX Market Forecast is at 97.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Earnings this Week:

Monday – BRCM, CHKP, GLW, PBR, SOHU, SWI

Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,

Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,

Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, MGM, SCTY, TPX, VA, WWE

Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX,

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Setups

Horizontal Breakout: AA, BX, CRM, NKE, NTES, SCHW, SONC, CREE, KNDI, RAX, EBAY, LRCX,

Diagonal Breakout: BBY, FIT, TASR, TPX, SHAK, JD, TSLA,

Bull Flag: CTRP, DAL, EXPE, AXTA, PCLN, TRIP,

Potential Bullish Divergence: 

Gap Up: 

Gap Down:

Bear Flag:

At Support:  

C- Pattern:  

Moves

New Highs: QQQ, JNPR, V, VRSN, VIAV, AMZN, EA, FB,   

H Breakout: IWM, BABA, BAC, C, ETFC, QIHU, SOHU, ULTA, ZION, GLUU, GLW, YNDX, ADSK, CELG, MYL,    

D Breakout: AMBA, CYBR, GPRO, PLAY, DAVE,   

Bull Flag Bounce: SPY, CRUS, FAS, GME, JBL, LC, SINA, STI, TSL, W, CAR, GIMO, JASO, AAPL, AVGO, BRCM, INTC, NTAP, QCOM, ROST,   

MACD Divergence Bounce: IBM, PANW, ASNA, FEYE, FOGO,      

Bounce: CSIQ, FSLR, HPQ, JCP, MBLY, MS, RPD, RUN, SUM, SUNE, UBNT, VSLR, X, ATI, DDD, DGLY, ESI, GLNG, HABT, KKD, LOCO, MFRM, SCSS, SPLK, SPWR, SSYS, TAN, VJET, XONE, YY, GMCR, WYNN,

Gap Up: AIG, SLCA,    

Gap Down: AKAM,   

C- Pattern:    

Bear Flag:  

Support Break:

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80 of 100 NDX stocks closed higher on Tuesday and one was unchanged.

80 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

AVGO, BRCM, MU, WYNN, NFLX

Moving Below 30 DMA = 3

AKAM, VRSK, WBA

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral