Eight of nine sectors
moved higher on Friday…XLP, XLV, XLF
were the strongest sectors while XLI was the weakest sector.
Breadth weakened as advancers led decliners 1.48 to 1
on the NYSE and decliners led advancers 1.07 to 1 on the NASDAQ.
Friday – weakened, mixed
Thursday – strengthened, advancers
led
Wednesday – strengthened, advancers
led
Tuesday – weakened, decliners led
Monday – weakened, decliners led
SPY up .92 at 203.27 on 114.5 million shares
VIX down 1.00 at 15.05…
TNX unchanged at 20.23…
TLT up .04 at 123.93…on
8 million shares
XLF up .14 at 23.55…on
29.6 million shares
AAPL down .82 at 111.04 on 39.2
million shares
FB up 1.58 at 97.54 on 25.4 million
shares
Technical Commentary:
SPY +0.45%, QQQ +0.42%, DIA +0.37%, IWM
-0.13%.
SPY, QQQ, DIA, XLE, XLK,
XLP, XLU, XLV and XLY all finished higher for the third week in a row. VIX -1.00, 15.05, which the chart
trend has been indicating lower, finished at its lowest level since Aug 18 when
it closed at 13.79.
BAC, C, JPM, WFC and GS all finish higher for
the week after reporting earnings.
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Earnings next Week:
Monday – BRCM, HAL, HAS, HA, IBM,
MS, STLD, UTX, ZION
Tuesday – ATI, CMG, HOG, IBKR,
ISRG, LMT, MANH, NXPI, RF, TRV, VZ,
VMW, YHOO
Wednesday – ABT, AXP, BHI, BA, CA, CTXS, KO, EBAY, GM, LVS, OSTK, SNDK, TXN, TSCO,
Thursday – MMM, ALK, AMZN, T, ETFC, FCX, GIMO, JNPR, LLY, NDAQ, NUE, SIRI, SKX, LUV, SWK, UA, UAL, VRSN,
Friday – AAL, RCL, STT, WHR
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 pointed up at 93.
__________________
Setups
Horizontal Breakout: QQQ, SVXY, XLB, XLE, XLF, XLP, XLY, BAC, BX,
C, CTRP, FSLR, GME, JUNO, MPEL, MBLY, PYPL, QIHU, SOHU, STI, TSL, X, CIEN, NXPI,
KLAC,
Diagonal Breakout: IWM, JCP,
PANW, RUN, SWKS,
Bull Flag: XLI, AA, GLD, HPQ, ADI, MU, ON, TXN,
Potential Bullish
Divergence: AMBA, GPRO, PLAY, RPD, TBT
At Support: VXX
Moves
New Highs: XLK, XLU, CRM, NKE, NTES, SWI, V, W,
CSIQ, INTC, MXIM, NVDA,
H Breakout: SPY, DIA,
FAS, XLV, FB, AIG, CCL, DAL, LVS,
D Breakout: FL, ULTA,
Bull Flag Bounce: EXPE,
SINA, TASR
Gap Up: YOKU
Support Break: BBY, SCTY
______________________
Watch List Stocks
Leading stocks > +2% on Friday: YOKU, SINA, NTES, ULTA, SPLK, QIHU, FL
Lagging stocks < -2.0% included:
SCTY, SEDG, UAL, SUNE, TSL
67 of 100
NDX stocks closed higher on Friday. 73 NDX stocks are above 30 DMA.
Leading NDX 100 stocks included: MAT, GRMN, TSLA, JD, ADBE, ROST, ESRX, FB,
AMZN
Lagging NDX stocks included: STX, GMCR, BMRN, NFLX, WDC, ADI, AAL
NDX Stocks to Watch on
Monday:
Moving Above 30 DMA = 2
GILD, LRCX
Moving Below 30 DMA = 5
FAST
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market Trend: Up
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