Stocks Trade In Positive Territory...DJIA Posts 5th Straight Day Of Gains...Earnings Season Begin With AA Posting Today...

All nine sectors moved higher on Thursday…XLE, XLB, XLI were the strongest sectors while XLV was again the weakest sector.

Breadth weakened slightly as advancers led decliners 3.46 to 1 on the NYSE and 1.85 to 1 on the NASDAQ.

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, mixed

Monday – strengthened, advancers led

Friday – strengthened, advancers led

SPY up 1.80 at 201.21 on 151.9 million shares

VIX down .98 at 17.42…

TNX up .46 at 21.08…

TLT down 1.03 at 121.96…on 12.8 million shares

XLF up .14 at 23.39…on 30.1 million shares

AAPL down 1.28 at 109.50 on 61.9 million shares

FB up .07 at 92.47 on 27.2 million shares

Technical Commentary:

QQQ +0.40%, DIA +0.84%, SPY +0.90%, IWM +0.90%.

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 72.

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Setups

Horizontal Breakout: C, CYBR, FAS, GME, LC, LVS, SCHW, STI, SVXY, SWI, TSL, V, ZION, ATI, BABA, CSIQ, DDD, DGLY, ESI, GLW, JASO, KNDI, LNKD, MFRM, MTW, SONC, VIAV, XONE, ADSK, COST (long term), GMCR, GRMN, MAR, MNST, MSFT, NFLX, NTAP, TRIP, TXN, WDC, WYNN,

Diagonal Breakout: IWM, QQQ, CCL, ETFC, HOG, PYPL, SEDG, SUM, UA, AXTA, DAVE, SPLK, YNDX, AKAM, BRCM, CELG, ESRX, INTC (long term), PCLN,

Bull Flag: CRUS,  

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: ETSY,  

C- Pattern: 

Moves

New Highs: JNPR,   

H Breakout: SPY, FSLR, HPQ, SCSS, SPWR, SSYS, TWTR, CMCSA, QCOM, SBUX, SNDK,

D Breakout: MS, TPX,

Bull Flag Bounce: JCP, NKE,    

MACD Divergence Bounce: FOGO, UAL,  

Bounce: FL, RCL, ADBE,

Gap Up: EMC, LOCO,  

Gap Down: SHAK, EBAY,

C- Pattern:    

Bear Flag:  

Support Break: P,    

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Watch List Stocks

Leading stocks > +2% on Thursday: SVXY, RPD, HPQ, SUM, LC, FL, W, LVS, TPX, JCP, FSLR, NKE, UA, YOKU

           

Lagging stocks < -2.0% included: AMBA, P, GPRO, SUNE, SWKS, VXX, ETSY, MBLY, PANW, CRUS, CTRP, SINA, PYPL

77of 100 NDX stocks closed higher on Thursday and one was unchanged.

Leading NDX 100 stocks included: NFLX, WYNN, SNDK, MAR, DISH, ADSK, GMCR, DISCA, CTXS, TRIP

Lagging NDX stocks included: EBAY, SWKS, ILMN, BIDU, TSLA, LLTC, AVGO, AMZN, BMRN, DLTR

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

ADBE, ADSK, CELG, MNST, ROST

Moving Below 30 DMA = 1

BIDU

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up