All nine sectors moved lower
on Thursday…XLP, XLU and XLB were the strongest sectors while XLV was the weakest sector.
Breadth
weakened as decliners led advancers 4.72 to 1 on
the NYSE and 3.21 to on the NASDAQ.
Thursday –
weakened, decliners led
Wednesday
– weakened, decliners led
Tuesday
– strengthened, advancers led
Monday
– weakened, advancers led on NYSE
Friday
– weakened slightly, advancers led
SPY down 2.92 at
205.61 on 166 million shares
VIX
up 2.20 at
18.11…
TNX up 1.52 at 23.30…
TLT down 3.34 at 119.53…on 16.6 million
shares
XLF down .40
at 24.14…on
48.1 million shares
AAPL down
1.08 at 115.20 on 41.5 million shares
FB down 1.69 at 104.38 on 23.2 million
shares
Technical Commentary:
QQQ – 1.70%, IWM -1.69%, SPY
–1.40%, DIA -1.39%.
Trade with the trend of the chart you are
trading and continue to move your profit protection stops. Continue
to follow your rules.
The SPX MFC green line is pointed down
at 64.
Short-term Chart Targets:
SPY =...211.66…
QQQ = 115.47…
IWM = 120.99, 123.07…
Support Levels
SPY
= 208.56, 207.41
QQQ
= 113.65, 112.84
IWM
= 118.90, 116.56
__________________
Setups
Horizontal Breakout: RUN, UBNT,
GMCR, TRIP,
Diagonal Breakout: PLAY, ATI,
SSYS, TXN,
Bull Flag: IWM, AIG, AMBA, CIEN,
ETFC, JBL, JUNO, SCHW, AXTA, BBRY, FOGO, LITE, MFRM, ATVI, BIDU, GRMN, ILMN,
INTC, LRCX, MNST, MYL, NVDA, XLNX,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: GLW, UA, FEYE, HOG, SPLK,
SBUX,
C-
Pattern:
Moves
New Highs: VRSN,
H Breakout: FIT, JASO,
D Breakout:
Bull Flag Bounce:
MACD Divergence Bounce: TWTR,
Bounce: VXX,
Gap Up: AVGO, COST,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: SPY, QQQ, CCL, FAS,
LNKD, NKE, RCL, BX, CMCSA, EBAY, GILD, LLTC, ORLY,
______________________
10 of 100 NDX stocks closed higher
on Thursday.
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Down
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