SPX Rallies After Trading Lower...JPM Higher After EPS in Pre-market...INTC Lower After-hours on EPS...

All nine sectors moved higher on Thursday…XLE, XLV and XLK were the strongest sectors while XLP was the weakest sector.  Oil rose

                         

Breadth strengthened as advancers led decliners led 2.07 to 1 on the NYSE and 2.18 to 1 on the NASDAQ.

Thursday- strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, mixed

Monday – strengthened, decliners

Friday – strengthened, decliners led

SPY up 3.10 at 191.93 on 240.7 million shares, 71% above average volume

VIX down 1.27 at 23.95…

TNX i[ .32 at 20.98…

TLT down 1.17 at 123.82…on 12.8 million shares, 44% above average volume

XLF up .19 at 21.72…on 77.3 million shares, 50% above average volume

AAPL up 2.13 at 99.52 on 63.1 million shares, 32% above average volume

FB up 2.93 at 98.73 on 48.6 million shares, 104% above average volume

Technical Commentary:

QQQ +2.13%, SPY +1.64%, DIA +1.39%, IWM +1.38%.

The SPX and NDX found support early Thursday morning as short-term bottoms were formed and prices rebounded sharply. 410 stocks in the SP500 rose on Thursday.  28 of 30 stocks in the DJIA rose with oil stocks CVX and XOM leading.

YTD:

SPX Leaders:  FLIR, TWX, M, SE, ED, BXLT, HAS, SNI, KSS, WEC, D

SPX Losers: FCX, CNX, WMB, ESV, MRO, APC, AA, WYNN, BWA, THC

NDX Leaders:  ISRG, DISCK, TMUS, VIAB, CTSH

NDX Losers: INCY, BMRN, VRTX, WDC, LBTYA, SWKS, TRIP, MU

DJI Leaders:  WMT, XOM

DJI Losers: DD, JPM, BA, GS, HD, CSCO, AXP, CAT, UTX, GE, NKE, MMM

Remember:  “It’s a market of stocks, not just a stock market.”

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 up at 10.

__________________

Setups

Horizontal Breakout: FIVE, HAS,

Diagonal Breakout: FSLR, MCD, NTES, SBUX, WUBA

Bull Flag: DRI, WMT, STZ, TWX, KSS, SIG, KMB, EQIX, EAT, BURL, SEDG, MO

Bear Flag: MTSI

At Support: ROST, YELP, NFLX, DLTR, CCL, NKE, CELG

Moves

H Breakout: FLIR

Bull Flag Bounce: SE

Bounce: ANTM, CNC, BSX, FINL

Support Break: SCTY

______________________

87 of 100 NDX stocks closed higher on Thursday.

4 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

CTSH, SYMC

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Down