Five sectors moved higher on Thursday…XLE,
XLV and XLY were the
strongest sectors while XLU was the weakest sector.
Breadth weakened on
the NYSE as decliners led advancers 1.55 to 1 on the NYSE and 1.89 to 1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday – strengthened, advancers
led
Tuesday – weakened, decliners led
Monday – weakened, decliners led
Friday – weakened on the NYSE,
advancers led
SPY down .12 at 208.83 on 90.4 million shares
VIX up .28
at 14.61…
TNX up .81 at 21.73…
TLT down 1.97 at 121.86…on
12.1 million shares
XLF down .03 at 24.43…on
39.3 million shares
AAPL up 1.26 at 120.53 on 51.1
million shares
FB up .68 at 104.88 on 20.2
million shares
Technical Commentary:
IWM -1.07%, DIA -0.17%, QQQ -0.16%, SPY
-0.06%.
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,
__________________
Setups
Horizontal Breakout: IWM, AIG, BX, CRM, FSLR, JBL, LVS, MPEL,
MS, NKE, RPD, SCHW, SVXY, ULTA, W, SLCA, CMCSA, ESRX,
Diagonal Breakout: AA, BBY,
MBLY, PANW, SUM, SUNE, TASR, TPX, X, HABT, LOCO, SHAK, TAN,
Bull Flag: CTRP, DAL, EXPE, RCL, AXTA, UAL, INTC,
MSFT, TRIP, TXN, XLNX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: CCL, AMZN,
FB, GOOGL, PCLN,
H Breakout: ZION,
D Breakout: VSLR,
Bull Flag Bounce:
MACD Divergence Bounce:
Bounce: HOG,
Gap Up: SPWR, WYNN,
Gap Down: GPRO,
C- Pattern:
Bear Flag:
Support Break: SWKS,
______________________
39 of 100
NDX stocks closed higher on Thursday and one
was unchanged.
77
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on
Tuesday:
Moving Above 30 DMA = 1
CHTR
Moving Below 30 DMA = 4
AVGO, BRCM, MU, NXPI
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Neutral/Down
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