All sectors moved higher
on Thursday…XLF, XLV, XLE were the strongest
sectors while XLB was the weakest sector.
Breadth strengthened as advancers led decliners 4.35 to 1 on the NYSE and 4.34 to 1
on the NASDAQ.
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
Monday – weakened, decliners led
Friday – weakened, advancers led
Thursday – weakened, advancers led
SPY up
3.06 at 202.35 on 134 million shares
VIX down 1.98 at 16.05…
TNX up .42 at 20.23…
TLT down .61 at 123.89…on
6.9 million shares
XLF up .52 at 23.41…on
45.2 million shares
AAPL up 1.65 at 111.86 on 37.6
million shares
FB up 1.89 at 95.96 on 27.5 million
shares
Technical Commentary:
DIA +1.33%, SPY +1.54%, QQQ +1.64%, IWM
+2.39%.
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 92.
__________________
Setups
Horizontal Breakout: QQQ, AIG, BX, CCL, FSLR, HOG, MBLY, SOHU, CAR,
KNDI, YY, ZNGA, BIDU, CMCSA, EA, ESRX, FB, GOOGL, MSFT, WYNN,
Diagonal Breakout: IWM, AMBA,
CTRP, GME, GPRO, SUNE, BBRY, FOGO, LNKD, X, AAPL, ILMN, MYL, SWKS, WBA,
Bull Flag: AA, SCTY, SFUN, VRSN, Z, MAR,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: CRM, NKE, JNPR,
H Breakout: SPY, BAC,
C, FAS, LC, PYPL, TSL, V, W, AXTA, BABA, CIEN, TAN, VIAV, YNDX, ADBE, AMZN,
D Breakout: SCHW, GIMO, AVGO, BRCM,
Bull Flag Bounce: ETFC,
EXPE, JUNO, QIHU, SVXY, TPX, YOKU, ANGI, EMC, GOGO, AKAM, COST, PCLN, ROST, SBUX,
MACD Divergence Bounce:
PANW, SWKS, FEYE, KKD,
Bounce: BBY, CYBR, FIT, MS, NCLH, PLAY, RCL, SEDG, STI, TASR, UA,
ULTA, VSLR, ATI, DDD, GLNG, MFRM, SCSS, SONC, SPLK, UPL, CELG, GILD, MNST, TSLA,
WFM, YHOO,
Gap Up: LVS, XLNX,
Gap Down: MTW, GRMN, NFLX, STX, WDC,
C- Pattern:
Bear Flag:
Support Break:
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: JUNO, SVXY, SEDG, NCLH, FAS, YOKU,
CCL, C, RCL, CYBR, FIT, QIHU, PANW, TSL, TASR, BAC, LC, MS, ETFC, NTES, SWKS,
W, AMBA, SCHW, LVS, CRM, MBLY, EXPE, STI, CTRP, VSLR, IWM, CRUS, NKE, UA, GME,
AIG
Lagging stocks < -2.0% included:
VXX, AA, HPQ
88 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: BMRN, ALXN, ILMN, VIAB, BIIB, YHOO, WBA, AVGO,
BIDU, ADBE
Lagging NDX stocks included: STX, GRMN, NFLX, GMCR, WDC, MU, TRIP, TXN,
NTAP, INTC,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA =
10
BRCM, CELG, CHKP, ORLY, ROST, SBAC, CHTR, LVNTA, WBA, JD
Moving Below 30 DMA = 5
GRMN, STX, NFLX
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Neutral
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