Stocks Have Another Weak Day...WMT Takes A Nose-Dive Down 10.04%...TRIP Takes A Trip To Hyper-Space With Announcement Of PCLN Partnership & Finishes With A 25.54% Gain...SNDK Sends Out Feelers For Potential Company Sale & Gains 11.22%...NFLX Down In After Hours Trading After News Of Weak Growth...

Only two sectors moved higher on Wednesday…XLE, XLB, XLU were the strongest sectors while XLP was the weakest sector.

Breadth weakened as decliners led advancers 1.46 to 1 on the NYSE and 1.74 to 1 on the NASDAQ.

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, advancers led

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

SPY down .96 at 199.29 on 98.8 million shares, below average volume

VIX up .36 at 18.03…

TNX down .74 at 19.81…

TLT up 1.081 at 124.50…on 9.7 million shares

XLF down .19 at 22.89…on 36.3 million shares

AAPL down 1.58 at 110.21 on 44.4 million shares

FB down .05 at 94.07 on 19.2 million shares

Technical Commentary:

IWM -0.98%, DIA -0.92%, SPY -0.48%, QQQ -0.16%.

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 =...197.68, 199.99…

QQQ = 105.61, 106.93…

IWM = 113.92…

Support Levels

SPY = 190.56, 189.12...

QQQ = 102.27, 101.34…

IWM = 106.99...

The SPX Market Forecast is pointed up at 91.

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Setups

Horizontal Breakout: LVS, PYPL, SOHU, TSL, W, JASO, SLCA, VIAV, YNDX, ADBE, AMZN, EA, FB, GOOGL,

Diagonal Breakout: TSLA,  

Bull Flag: SPY, AA, JUNO, LC, QIHU, SCTY, SINA, TASR, TPX, VRSN, YOKU, ANGI, EMC, TWTR, YY, Z, AKAM, CMCSA, COST, GMCR, MAR, MSFT, NFLX, PCLN, SBUX, WFM,

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: CCL, CYBR, FL, PLAY, RPD, UA, MFRM, SHAK,

C- Pattern: 

Moves

New Highs:     

H Breakout: TAN, TXN,

D Breakout: VXX,

Bull Flag Bounce: CRUS, CIEN, LNKD, MU,    

MACD Divergence Bounce:  

Bounce: FSLR, CREE, GLNG, AVGO, BRCM, LRCX, WYNN,

Gap Up: SNDK,  

Gap Down:  

C- Pattern:    

Bear Flag:  

Support Break: BBY, JBLU, PANW, RCL, ULTA, ASNA, FEYE, JD, MNST,

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Watch List Stocks

Leading stocks > +2% on Wednesday: SUNE, TSL, CRUS, FSLR, PYPL, LVS, VSS, W,

           

Lagging stocks < -2.0% included: RPD, BBY, ETSY, RCL, EXPE, JUNO, MCLH, UA, CYBR, YOKU, PLAY, CCL, TPX, ULTA, FAS, ZION, SVXY, NTES, JCP, P, ETFC, STI

41 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: TRIP, SNDK, ADI, LLTC, NXPI, BMRN, SPLS, LRCX, NVDA, AVGO

Lagging NDX stocks included: JD, DLTR, EBAY, PCLN, LVNTA, MNST, SBUX, CHTR, VRSK, ROST

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

AMAT, ADI, REGN, TRIP

Moving Below 30 DMA = 5

ORLY, ROST, CHTR, LVNTA, JD

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down