Six of nine sectors moved higher on Thursday…XLE,
XLY and XLB were the
strongest sectors while XLF was the weakest sector. Oil rose $1.52 to
close at 29.85.
Breadth strengthened
as advancers led decliners 1.87 to 1 on the NYSE and as 1.15 to 1 on
the NASDAQ.
Thursday-
strengthened, advancers led
Wednesday – mixed, decliners led
Tuesday –
strengthened, decliners led
Monday – MLK, Jr. Holiday
Friday – weakened, decliners led
SPY up
1.04 at 186.69 on 195.7 million shares, 27% above average volume
VIX down
.90 at 26.69…
TNX up .35 at 20.19…
TLT down .86 at 125.82…on
11.0 million shares, 20% above average volume
XLF down .09 at 20.90…on
74.3 million shares, 31% above average volume
AAPL down .49 at 96.30 on 52.1 million shares, 2% above average volume
FB down .19 at 94.16 on 30.5
million shares, 15% above average volume
Technical Commentary:
DIA +0.63%, SPY +0.56%, QQQ
-+0.10%, IWM -0.23%.
SPX/SPY opened higher following the weekly jobless claims of 293K vs. 278K estimate and then traded higher, lower and higher in volatile trading day.
Energy stocks led as oil finished higher for the day. Natural gas stocks like SWN were particularly strong on Thursday.
SPX/SPY opened higher following the weekly jobless claims of 293K vs. 278K estimate and then traded higher, lower and higher in volatile trading day.
Energy stocks led as oil finished higher for the day. Natural gas stocks like SWN were particularly strong on Thursday.
Earnings this week:
Tuesday:
BAC, DAL, MS, SCHW, UNH, VZ, NFLX, LLTC, IBM
Wednesday: GS, XLNX,
FFIV
Thursday: LUV, TRV, UAL,
UNP, AXP, ETFC, ISRG, MXIM, SBUX, SLB
Friday: GE, KSU, STI
YTD:
SPX Leaders: SWN, M, TWX, SE, HAS, EQT, FLIR, RRC, COG, ED
(33)
SPX Losers: WMB, FCX,
ESV, BWA, APC, MRO, AA, OI, WDC, SCHW
NDX Leaders: ISRG, DISCK, VIAB, KHC, DLTR, XLNX
NDX Losers: INCY, WDC, STX,
VRTX, MU, BMRN, LBTYA, ADSK, NTAP, ALXN
DJI Leaders: WMT, MCD, VZ
DJI Losers: DD, JPM, GS, CSCO,
BA, INTC, CAT, UTX, IBM, DIS
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 15.
__________________
Setups
Horizontal Breakout: RRC, FSLR, HAS, NKE, LLTC, FINL, FL, CPB,
SEDG, APH, NKE, RL, APA, KORS, KHC, ENDP, PRGO, ABBV, CELG, MCD, GLD, SE,
Diagonal Breakout: WMT,
RAI, DPS, NTES, TERP, DLTR, CTSH, SE, MO, NKE
Bull Flag: O, TWX, DRI, FIVE, FLIR, STZ, PEG, ED,
WEC, TLT,
Potential Bullish
Divergence: EMR, ATVI, CRM, SONC, V,
BSX, CRUS
Bear Flag: SPY, DIA, QQQ, IWM,
At Support: EQIX, ROST, YELP, BWA, AAPL, EXR, CAH,
C- Pattern:
Moves
New Highs:
H Breakout: SWN, M,
MTSI, EQT,
D Breakout: EAT, HAS,
Bull Flag Bounce: SE
MACD Divergence Bounce:
W,
Bounce: KSS, QRVO
Gap Up: XLNX
______________________
57 of 100
NDX stocks closed higher and three were
unchanged on Thursday.
5
NDX stock is above its 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
KHC, LLTC, VIAB, XLNX
Moving Below 30 DMA = 0
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Neutral
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