SPY, QQQ, IWM End Quarter with A Monthly New High Close...

Eight of ten sectors moved higher on Friday …XLF, XLE and XLV were the strongest sectors while XLU was the weakest sector.  Oil futures rose .33 to close at 48.05.

For the week ended September 30 all six of ten sectors moved higher,

XLE +4.39%, XLI +1.14%, XLB +0.93%, XLK +0.61%, XLY +0.46%,

SPY +0.14%,

Lagging sectors XLP -0.24%, XLF -0.41%, XLV -1.37%, XLRE -1.65%, XLU -3.83%,

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XLE Leaders: RIG, HP, MUR, HES, DO, DVN, CXO, MRO, COP, XEC, NOV, NBL, FTI, EOG, HAL

XLI Leaders:  CAT, PWR, CMI, DOV, ROK, IR, EMR, PNR, FLS

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XLF turned negative YTD this week and there is now one negative sector YTD.

YTD 189

Leading Sectors: XLE +17.06%, XLU +13.19%, XLK +11.56%, XLI +10.13%, XLB +9.97%,

SPY +6.10%,

Lagging Sectors: XLP +5.39%, XLRE +4.23%, XLY +2.4%, XLV +0.11%, XLF -0.26%,

Breadth strengthened as advancers led 2,153 to 895 on the NYSE and led 2,056 to 765 on the NASDAQ.

Friday – strengthened, advancers led, +8

Thursday – weakened, decliners led, +0

Wednesday – strengthened, advancers led, +8

Tuesday – strengthened, advancers led, +7

Monday – strengthened, advancers led, +1

SPY up 1.62 at 216.30 on 117.2 million shares, 23% above average volume

VIX down .73 at 13.29

TLT down 1.24 at 137.51…on 11.7 million shares, 46% above average volume

Technical Commentary:

IWM +1.10%, DIA +0.86%, SPY +0.75%, QQQ +0.75%,

SPY, QQQ and IWM each finished the September quarter with a monthly new high close.  SPY finished just one cent higher than its August close at 216.29.

The NDX rose +37.40 lead by strength in AAPL, AMZN, COST, INTC, NXPI, BIIB, CSCO, GILD, MSFT, QCOM, WBA, CELG, MDLZ, KHC, AMGN and SBUX.

NXPI and QCOM gapped up this week on potential buyout news.

TPX and CTSH gapped down this week on corporate developments.

YTD Leading Index ETFs:

                    (click image to enlarge)

YTD Leading Sector ETFs:

                    (click image to enlarge)

YTD Leading NYSE stocks:

                    (click image to enlarge)

YTD Leading Nasdaq stocks:

                    (click image to enlarge)

YTD Leading DJIA stocks:

                    (click image to enlarge)

EPS Positive Reactions

COST, RHT, FDX, ADBE

EPS Negative Reactions

PAYX, CCL

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: TWTR, MA, ATVI, NTES, URBN, DVA, FOSL, GILD, TWLO, BIDU, X, STLD, BABA, CHTR, REGN, AKS, LMCA, AAPL,

Bull Flag Bounces include: SWKS, AMAT, BAC, UAL, IWM, LVS,

Horizontal Breakout Setups include: ETFC, QQQ, ADSK, ZION, NUE, ATI, WRK, CCL, NCLH, RCL, SCHW, PYPL, MU, INTC, NTAP, TXN, ROST, CAVM, ULTA, FL, JD, FB, BURL, SINA, JPM, WMB, SE, STT, PCLN, GT, RL, SYMC

Horizontal Breakout include: CSX, ISRG, RL, SCHN, CTRP,

New Highs include: AMZN, NVDA, QCOM, NXPI, ISRG, STX, LITE, CSX, WDC, EA, APA, ISRG, 

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Short-term Movers for the week:

SPX gainers:  RIG, HP, MUR, HES, DO, DVN, CXO, MRO, COP, XEC, NOV, NBL, CA, FTI, CAN, EOG, CAT, CF, CBS, HAL, PWR, FSLR, APC, APA, CMI, ALB, DOV, PXD, OKE, ROK, KMI, IR, EMR, PNR, JCI, OXY, XOM, FLS, +4, 52

SPX losers:  MNK, FOSL, KORS,LEG, LB, ETR, SIG, AGN, CHK, PRGO, SLG, WEC, AEE, TSO, VLO, PCG, WYNN, BMY, NKE, LNT XEL, EIX, PEG, EXC, ED, PNW, PM, CMS, HST, SO, FE, GP, MPC, -4, 39

NDX gainers:  NXPI, QCOM, VIAB, EXPE, INCY, STX, NDA, WDC, DISCK, +4, 9

NDX losers:  ENDP, CTSH, MYL, MAT, BIDU, BMRN, AMGN, CELG, -4, 8,

YTD: 189

SPX Leaders:  CHD, NEM, OKE, SWN, SE, FCX, RRC, KMI, EW, ALB, (339, +8 > 10p 230, +2)

SPX Losers:  CF, FSLR, SIG, PRGO, HRB, KR, GCI, AGN, LB, RCL

NDX Leaders:  NVDA, AMAT, CHTR, LLTC, QCOM, NTAP, NTES, ISRG, YHOO, ULTA, (63, +6, >10p 39, -1)

NDX Losers:  ENDP, ALXN, NCLH, SRCL, VRTX, MYL, LMCA, QVCA, REGN, TRIP

DJI Leaders:  CAT, UNH, MRK, WMT, MMM, CSCO, IBM, JNJ, CVX, PG, (21, +0, >10p 12, +2)

DJI Losers:  NKE, DIS, GS, BA, AXP, GE, HD, MCD, KO

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 58, bullish. 

83 of 100 NDX stocks closed higher on Friday.

61 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 16

AAL, AMAT, BIIB, FOXA, GILD, HSIC, JD, KHC, MSFT, MXIM, NFLX, NTAP, PCAR, SIRI, SWKS, XLNX

Moving Below 30 DMA = 2

BIDU, REGN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

Indices Reverse Wednesday's Gains...Short-term Defensive...

All ten sectors moved lower on Thursday …XLE, XLY and XLK were the strongest sectors while XLV was again the weakest sector.  Oil futures rose .56 to close at 47.72.

Breadth weakened as decliners led 2,421 to 645 on the NYSE and led 2,149 to 688 on the NASDAQ.

Thursday – weakened, decliners led, +0

Wednesday – strengthened, advancers led, +8

Tuesday – strengthened, advancers led, +7

Monday – strengthened, advancers led, +1

Friday – weakened, decliners led, +1

SPY down 1.96 at 214.68 on 128.0 million shares, 38% above average volume

VIX up 1.63 at 14.02

TLT up .35 at 138.75…on 8.3 million shares, 7% above average volume

Technical Commentary:

QQQ -0.72%, SPY -0.90%, DIA -1.03%, IWM -1.46%,

The NDX fell -36.97 lead by weakness in MSFT, AMGN, FB, GOOG, GILD, AAPL, BIDU, CLEG, REGN, YHOO and BIIB.

EPS Positive Reactions

RHT, FDX, ADBE

EPS Negative Reactions

PAYX, CCL

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed down at 57, defensive. 

55 of 100 NDX stocks closed higher on Thursday.

47 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

AVGO, NXPI

Moving Below 30 DMA = 18

AMAT, BIIB, BMRN, CTXS, ENDP, FOXA, HSIC, JD, KHC, MSFT, NFLX, NTAP, ORLY, PCAR, SBAC, SIRI, SWKS, YHOO

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

OPEC Production Cut Coming in November? Market Acts So...Energy Stocks Lead SPX Rise...

Eight of ten sectors moved higher on Wednesday …XLE, XLB and XLI were the strongest sectors while XLV was the weakest sector.  Oil futures rose 2.23 to close at 47.16 as OPEC reaches deal to limit production in November.

Breadth strengthened as advancers led 2,308 to 753 on the NYSE and led 1,652 to 1,156 on the NASDAQ.

Wednesday – strengthened, advancers led, +8

Tuesday – strengthened, advancers led, +7

Monday – strengthened, advancers led, +1

Friday – weakened, decliners led, +1

Thursday – weakened slightly, advancers led, +10

SPY up 1.07 at 216.64 on 87.4 million shares, 2% below average volume

VIX down .71 at 12.39

TLT down .30 at 138.40…on 7.9 million shares, 4% above average volume

Technical Commentary:

IWM +0.77%, DIA +0.60%, SPY +0.50%, QQQ +0.17%,

SPY, QQQ and IWM bounced higher as reports of an OPEC production cut deal beginning in November circulated.  IWM gave a bull flag entry signal.  SPY and DIA continued their bounce that began on Tuesday and are rising to short-term horizontal support.

SPX leaders on Wednesday included energy stocks: MUR NOV, CHK, DVN, MRO, HP, DO, COP, APA, HES, NFX, RIG, EOG, CXO, XEC, APC, OKE, OXY, COG, NBL and HAL.

Leading NDX stocks on Tuesday included INCY, VIAB, EXPE, CA, PCAR, LMCA, DSICA, SRCL, AMZN, CTRP, CSX, LBTYA, FAS, SBAC, DIS, ADSK, CHKP and CTXS.

EPS Positive Reactions

RHT, FDX, ADBE

EPS Negative Reactions

PAYX, CCL

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: BIDU, TWTR, MA, ATVI, AMAT, NTES, BAC, URBN, DVA, FOSL, GILD, UAL,

Bull Flag Bounces include: IWM, APA, CHK, GT, CAVM, AKS, PCLN, LMCA, CSX, AAPL, SWKS, LVS, ZION, RL, ETFC, SYMC,

Horizontal Breakout Setups include: QQQ, ADSK, BABA, NUE, NUE, STLD, ATI, ISRG, PYPL, MU, QCOM, INTC, FL, JD, FB, NTAP, TXN, ROST, CHTR, REGN, ULTA, BURL, SINA, WRK, SCHW, JPM, WMB, SE, STT, CCL, NCLH, RCL

Horizontal Breakout include: SCHN, X, STLD, CTRP,

New Highs include: AMZN, NVDA, ISRG, STX, LITE, TWLO, CSX, WDC, EA,

______________________

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 64, bullish. 

55 of 100 NDX stocks closed higher on Wednesday.

63 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 7

CTXS, FOXA, LRCX, MDLZ, PCAR, SBAC, SIRI,

Moving Below 30 DMA = 3

ADP, GILD, PAYX,

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

Stocks Rise Tuesday...QQQ Bull Flag...SPY Bounce...Cruise Line Sail Higher...

Seven of ten sectors moved higher on Tuesday …XLK, XLY and XLF were the strongest sectors while XLU was the weakest sector.  Oil futures fell .69 to close at 44.93 as no Saudi Arabia and Iran production deal in sight.

Breadth strengthened as advancers led 1,787 to 1,253 on the NYSE and led 1,859 to 962 on the NASDAQ.

Tuesday – strengthened, advancers led, +7

Monday – strengthened, advancers led, +1

Friday – weakened, decliners led, +1

Thursday – weakened slightly, advancers led, +10

Wednesday – strengthened, advancers led, +10

SPY up 1.33 at 215.57 on 78.4 million shares, 11% below average volume

VIX down 1.40 at 13.10

TLT up 1.01 at 138.70…on 9.4 million shares, 24% above average volume

Technical Commentary:

QQQ +0.99%, DIA +0.69%, SPY +0.62%, IWM +0.41%,

SPY, QQQ and IWM bounced higher on Tuesday.  SPY formed a bullish engulfing candle and bounce entry.   QQQ gave a bull flag entry and IWM is still a bull flag pattern.  The intermediate trend is up.

Leading NDX stocks on Tuesday included REGN, TRIP, MU, EXPE, NVDA, STX, WDC, AAL, NFLX, NCLH, YHOO, AVGO and ULTA.

Cruise line stocks RCL +4.76%, CCL +4.05% and NCLH +2.64% reverse Monday’s selloff. 

TWTR +0.35, +1.50% gains for third straight day.

EPS Positive Reactions

RHT, FDX, ADBE

EPS Negative Reactions

CCL

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: IWM, CAVM, MA, PCLN, LMCA, ATVI, UAL, CHK, URBN, BAC, CSX, AAPL, GT, AMAT, SWKS, LVS, ZION, RL, ADI, DVA, ETFC, FOSL, SYMC, APA, GILD, UAL, AKS,

Bull Flag Bounces include: QQQ, AMZN, NVDA, MU, ISRG, BIDU, ADSK, INTC, PYPL, BABA, NTES, QCOM,

Horizontal Breakout Setups include: QQQ, ADSK, MU, QCOM, INTC, PYPL, BABA, FL, NTES, BIDU, X, NUE, STLD, ATI, SCHN, EBAY, JD, FB, NTAP, TXN, ROST,  CHTR, REGN, CTRP, ULTA, BURL, FL, SINA, WRK, SCHW, JPM, WMB, SE, STT, CCL, NCLH, RCL

Horizontal Breakout include: AMZN, NVDA, ISRG, EA, ULTA, RCL

New Highs include: AMZN, NVDA, ISRG, STX, LITE, WDC, EA, TWLO, CSX,

______________________

 Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 62, bullish. 

89 of 100 NDX stocks closed higher on Tuesday.

59 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 18

ADI, ADP, AMAT, CHKP, CMCSA, CSCO, CTRP, EXPE, HSIC, KHC, LVNTA, MSFT, NFLX, PAYX, QCOM, SWKS, TXN, YHOO

Moving Below 30 DMA = 2

AMGN, SIRI,

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down