Oil, Energy Sector Stocks Jump as OPEC Agrees to Production Cuts...Financial, Steel Stocks Rise as Broad Market Pulls Back...

Sector Trend Strength:

Up Trend: XLF, XLI, XLB, XLY, XLE

Sideways: XLK, XLV

Down Trend: XLP, XLU, XLRE

Breadth weakened as decliners led 1,838 to 1,192 on the NYSE and led 1,783 to 984 on the NASDAQ.

Wednesday – weakened, decliners led, +4

Tuesday – strengthened, decliners led, +9

Monday – weakened, decliners led, +4

Friday – strengthened, advancers led, +9

Thursday – Thanksgiving Holiday

Oil futures were up 3.75 to close at 48.98.

SPY down .53 at 220.38 on 113.2 million shares, 22% above average volume

VIX up .43 at 13.33

TLT down 1.98 at 120.24…on 21.1 million shares, 112% above average volume

Technical Commentary:

DIA +0.11%, SPY -0.24%, IWM -0.49%, QQQ -1.21%,

DIA finished higher on Tuesday as oil soared on news of an OPEC production agreement.  Energy, material, financial and industrial sectors gained on Wednesday and XLK, XLP, XLU, XLRE, XLV and XLY fell.  

IWM, DIA and SPY continue to remain above their horizontal resistance breakout level

SPX down 5.8 points at 2,198.

Energy stocks were 21 of the top 22 SPX on Wednesday.

SPX Leaders: MRO, RIG, NFX, MUR, APC, DVN, HES, CXO, HP, XEC, HAL, EOG, NBL, PXD, CHK, COP, APA, NOV, LYB, BHI, WMB, OXY

QQQ is in sideways trend and bounced down from intermediate-term resistance today.    

NDX point losers: MSFT, AMZN, FB, AAPL, GOOGL, INTC, CELG, MDLZ, KHC, BIIB, AVGO, AMGN, CMCSA, GILD, CHTR and ATVI

Follow your rules and look for potential re-entry if you were stopped out of any profitable trades.

Continue to move up stops on short term bullish trades that could pull back.  All according to your profit protection rules.  If you moved stops you may have been stopped out today.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings.

Trade what you see, not…

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

2016 Q3 EPS, > Nov 11

EPS Positive Reactions

THO, CTRP, DE, VEEV, GME, BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, MRVL, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI,

EPS Negative Reactions

ADSK, URBN, PDCO, MDT, TSN, GPS, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: FCX, MGM, HBAN, BBY, NTAP, DLTR, WFM, RCL, MXIM, DISCA, ADP, JWN, TGT, HAS, NCLH, AXP, TCK, MU, STLD, NUE, AKS,

SCHN, BURL, FISV, SWN, FOSL, RRC, CCL, MCD, TXN, KLAC, TRV, DAL, LUV, AAP, FOXA, UAL, WB, ULTA, SINA,

Bull Flag Bounces include: HAL, MUR, CHK, BHI, HES, APA, LNG, CE, FTI, SQ, PCAR, X, C, BAC,

Horizontal Breakout Setups include: LNG, STX, JPM, JD, XLNX, ICE, ADI, AKAM, LMT, AAPL, TSLA, MMM, UTX, ESRX, BBBY, STI, HIG, ATI, CHTR, INCY, CTXS, COST, EXPE, PCLN, NFLX, FB, GOOGL, SQ, PCAR, C,

Horizontal Breakouts include: CHK, BHI, HES, APA, CSX, PWR, SAVE, BAC,

New Highs include: HAL, MUR, CE, ZION, CC, GS, CMA, CFG, MS, ETFC, USB, RF, SCHW, CSX, WDC, UNH, MCHP, FDX, PAYX, MAR, TMUS, CMCSA, SBUX, AAL, ADP, ALK, LRCX, UPS, SKYW, BA,

______________________

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 in the upper zone at 94, bullish. 

19 of 100 NDX stocks closed higher on Wednesday.

54 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 3

CHKP, QCOM, VIAB

Moving Below 30 DMA = 15

ADSK, ALXN, AVGO, BIBB, BMRN, EA, GILD, INTC, LBTYA, MXIM, REGN, SRCL, VRTX, XRAY, YHOO

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

QQQ at Resistance...Poised to Breakout...Join DIA, IWM and SPY at New Highs...

Sector Trend Strength:

Up Trend: XLF, XLI, XLB, XLY, XLE

Sideways: XLK, XLV

Down Trend: XLP, XLU, XLRE

Breadth strengthened as decliners led 1,551 to 1,465 on the NYSE and led 1,405 to 1,341 on the NASDAQ.

Tuesday – strengthened, decliners led, +9

Monday – weakened, decliners led, +4

Friday – strengthened, advancers led, +9

Thursday – Thanksgiving Holiday

Wednesday – weakened, advancers led, +6

Oil futures were were down 1.67 to close at 45.23.

SPY up .43 at 220.91 on 69.8 million shares, 23% below average volume

VIX down .25 at 12.90

TLT up .51 at 122.22…on 8.3 million shares, 12% below average volume

Technical Commentary:

QQQ +0.35%, DIA +0.21%, SPY +0.20%, IWM -0.05%,

QQQ, DIA and SPY started to bounce on Tuesday after a one-day pullback on Monday.

Follow your rules and look for potential re-entry if you were stopped out of any profitable trades.

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

IWM, DIA and SPY continue to trend above their horizontal resistance breakout level

SPX up 2.9 points at 2,204.

SPX Leaders: ALXN, CNC, UNH, ABBV, CHTR, EA, TIF, PX, AET, CMCSA, HRB, PAYX, ALB, BCR, CCL, SYK, DLR, RHT, A, CSRA, HST, CFG, RCL, HPE, AKAM, PLC, CA, LH, ATIV, HCA, GM, CELG, JNPR, SNI

QQQ in sideways trend is at intermediate-term resistance and is a horizontal resistance breakout setup. 

NDX point gainers: CMCSA, MSFT, CHTR, ALXN, CELG, GOOGL, FB, JD, KHC, EA and SBUX

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.

2016 Q3 EPS, > Nov 11

EPS Positive Reactions

THO, CTRP, DE, VEEV, GME, BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, MRVL, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI,

EPS Negative Reactions

URBN, PDCO, MDT, TSN, GPS, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: FCX, MGM, NTAP, DLTR, AMZN, WFM, HAL, MUR, RCL, CE, MXIM, DISCA, ADP, JWN, FTI, ADSK, REGN, VRTX, SQ, TGT, HAS, NCLH, AXP, TCK, MU, PCAR, X, STLD, NUE, AKS, C, BAC, SCHN, BURL, BBY, FISV, HBAN, SWN, CHK, FOSL, RRC, BHI, HES, APA, LNG,

Bull Flag Bounces include: JD, XLNX, ICE, CCL, ADI, NCLH, AKAM,

Horizontal Breakout Setups include: STX, LMT, AAPL, CSX, DAL, LUV, TSLA, MMM, JPM, UTX, PWR, ESRX, SAVE, BBBY, STI, HIG, ATI, CHTR,

INCY, CTXS, COST, EXPE, ULTA, PCLN, NFLX, FB, GOOGL, SINA,

Horizontal Breakouts include: UNH, WDC, BA, WB,

New Highs include: UNH, PAYX, MAR, CCL, TMUS, CMCSA,  MCD, SBUX, TXN, KLAC, TRV, LUV, AAL, NVDA,  AAP, FOXA, ADP, ALK, MCHP, LRCX, FDX, UPS, ZION, MS, ETFC, USB, RF, UAL, SKYW, CFG, CC, GS, SCHW, CMA,

Horizontal Break of Support Setups include: CSCO, NEM, NTES, CERN, TRIP

Break of Support: ATVI,

______________________

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 in the upper zone at 96, bullish. 

61 of 100 NDX stocks closed higher on Tuesday.

66 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ALXN, DISH, EA, GILD

Moving Below 30 DMA = 4

CHKP, EXPE, QCOM, TSLA

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

DIA, IWM, SPY Pause After New Highs Last Week...

Sector Trend Strength:

Up Trend: XLF, XLI, XLB, XLY, XLE

Sideways: XLK, XLV

Down Trend: XLP, XLU, XLRE

Breadth weakened as decliners led 1,893 to 1,032 on the NYSE and led 1,693 to 1,693 on the NASDAQ.

Monday – weakened, decliners led, +4

Friday – strengthened, advancers led, +9

Thursday – Thanksgiving Holiday

Wednesday – weakened, advancers led, +6

Tuesday – steady, advancers led, +8

Oil futures were were up .94 to close at 46.90.

SPY down -1.04 at 220.48 on 76.5 million shares, 15% below average volume

VIX up .81 at 13.15

TLT up .89 at 121.71…on 8.5 million shares, 10% below average volume

Technical Commentary:

QQQ -0.23%, DIA -0.27%, SPY -0.47%, IWM -1.30%,

RUT, DJIA and SPX along with their respective ETFs IWM, DIA and SPY pulled back on Monday.

Follow your rules and continue to move up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

IWM, DIA and SPY continue to trend above their horizontal resistance breakout level

SPX down 11 points at 2,201.

SPX Leaders: CTSH, NRG, NEM, PEG, ED, AES, WEC, PPL, EXC, PCG, ES, DUK, CMS, AEE, EIX, SCG, LNT, XEL

QQQ in sideways trend is nearing intermediate-term resistance and is a horizontal resistance breakout setup. 

NDX point gainers: GOOG, CTSH, WBA, BIDU, MSFT and YHOO

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.

2016 Q3 EPS, > Nov 11

EPS Positive Reactions

CTRP, DE, VEEV, GME, BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, MRVL, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI,

EPS Negative Reactions

URBN, PDCO, MDT, TSN, GPS, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: MGM, JD, NTAP, DLTR, AMZN, WFM, XLNX, HAL, MUR, ICE, RCL, CE, MXIM, DISCA, ADI, JWN, FTI, SLB, ADSK, REGN, VRTX, SQ, TGT, HAS, NCLH,

Bull Flag Bounces include: STX, WDC, LMT,

Horizontal Breakout Setups include: AAPL, CSX, DAL, LUV, TSLA, AXP, MMM, BA, JPM, UNH, UTX, PWR, ESRX, SAVE, BBBY, STI, HIG, ATI, FOSL, RRC, CHTR, BHI, HES, APA, INCY, CTXS, COST, EXPE, AKAM, LNG, CHK, ULTA, PCLN, NFLX, CHKP, FB, GOOGL,

Horizontal Breakouts include: WB, SINA,

New Highs include: MCD, TXN, TMUS, KLAC, TRV, SBUX, LUV, TCK, PAYX, MAR, AAL, CCL, NVDA,  MU, AAP, FCX, FOXA, ADP, ALK, MCHP, PCAR, X, STLD, NUE, AKS, LRCX, FDX, UPS, ZION, MS, ETFC, USB, C, BAC, RF, UAL, SKYW, CMCSA, CFG, SCHN, BURL, BBY, FISV, CC, ALK, GS, SCHW, CMA, HBAN, SWN,

______________________

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 97, bullish. 

33 of 100 NDX stocks closed higher and one was unchanged on Monday.

66 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

JD, YHOO

Moving Below 30 DMA = 6

GILD, LVNTA, MDLZ, NXPI, SYMC, VIAB

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

DJIA, RUT and SPX All-time New High Close Again in Record Week...CTRP Gaps Up on EPS Reaction...

Flags Flying This Week:

                      (click image to enlarge)

Flag Setups for Next Week:

                    (click image to enlarge)

Nine of ten sectors moved higher on Friday …XLU, XLP and XLI were the strongest sectors while XLE was the weakest sector.  Oil futures were down 1.98 to close at 45.96.

For the week ended November 25, nine of ten sectors moved higher.

XLB +2.57%, XLI +2.30%, XLE +2.24%, XLY +2.19%, XLU +1.88%, XLP +1.43%,

SPY +1.38%,

Lagging sectors XLK +1.35%, XLRE +1.18%, XLF +1.13%, XLV -0.32%,

YTD 228

Leading Sectors: XLE +20.56%, XLI +18.30%, XLF +15.81%, XLB +14.14%, XLK +12.07%, XLU +8.96%,

SPY +8.66%,

Lagging Sectors: XLY +6.17%, XLP +1.45%, XLV -3.54%, XLRE -4.39%

Breadth strengthened as advancers led 1,893 to 1,037 on the NYSE and led 1,693 to 937 on the NASDAQ.

Friday – strengthened, advancers led, +9

Thursday – Thanksgiving Holiday

Wednesday – weakened, advancers led, +6

Tuesday – steady, advancers led, +8

Monday – strengthened, advancers led, +9

SPY up .82 at 221.52 on 37.8 million shares, 59% below average volume

VIX down .09 at 12.34

TLT up .18 at 120.82…on 3.1 million shares, 68% below average volume

Technical Commentary:

DIA +0.37%, SPY +0.37%, IWM +0.33%, QQQ +0.32%,

Friday’s half trading day saw light trading as expected with SPY at 37.8 million, QQQ with 6.8 million, DIA with 1.5 million and IWM with 13.4 million shares, each with less than 50% of their average volume.

RUT, DJIA and SPX along with their respective ETFs IWM, DIA and SPY made new all-time highs on Friday.

Follow your rules and continue to move up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

IWM, DIA and SPY continue to trend above their horizontal resistance breakout level

SPX up 8 points at 2,213, its third consecutive close above 2,200.

DJIA closes 19,152, its third straight close above 19,000.

SPX Leaders: FSLR, CTSH, AWK, AES, NI, COL, CMS, HPQ, ETR, FE, XEL, FTR

QQQ in sideways trend is nearing intermediate-term resistance and is a horizontal resistance breakout setup. 

CTRP +4.02, +9.81% gapped up on a positive earnings reaction.

NDX point gainers: AAPL, CSCO, CTRP, MDLZ, INTC, MSFT, CHTR and CTSH

Steel stocks with modest gains on Friday were led by CLF, AKS, MT, NUE and X.

Airline and retail stocks cooled off and were mixed on Friday after a strong week heading into the Thanksgiving Day weekend.   

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.

2016 Q3 EPS, Oct - Nov

EPS Positive Reactions

CTRP, DE, VEEV, GME, BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, MRVL, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, MGM, LVS, UBNT, SLCA, SBUX, MCHP, FOSL, MHK, CAR, RIG, DDD, YELP, SHOP, ABC, SQ, HSIC, ZTS, DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP, COH, TSO, RCL, HBI, SRCL, HSY, EMN, VRSN, UBS, BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR, OI, FLIR, ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT, BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG, UNH, GS, CE, DPZ, CMA, UAL, HAS, DAL, DRI, CSX, COST, RHT, FDX, ADBE

EPS Negative Reactions

URBN, PDCO, MDT, TSN, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: STX, NTAP, WDC, AMZN, WFM, XLNX, HAL, MUR, ICE, RCL, CE, MXIM, MGM, DISCA, JD, ADI, DLTR, JWN, FTI, SLB, ADSK, REGN, VRTX

Bull Flag Bounces include: AAPL, NCLH, LMT, WFC, MLM,

Horizontal Breakout Setups include: CSX, DAL, LUV, TSLA, AXP, MMM, BA, JPM, UNH, UTX, PWR, ESRX, SAVE, BBBY, STI, HIG, ATI, FOSL, SWN, DVN, RRC, CHTR, BHI, HES, APA, INCY, CTXS, WB, SINA, COST, EXPE, AKAM, LNG, CHK, ULTA, PCLN, NFLX, CHKP, FB, GOOGL,

Horizontal Breakouts include: SQ, TGT, HAS, TRV,

New Highs include: PCAR, X, STLD, NUE, AKS, MAR, AAL, CCL, LRCX, NVDA, MU, MCD, FDX, UPS, TXN, ZION, MS, ETFC, USB, C, BAC, RF, ADP, LUV, UAL, SKYW, TMUS, KLAC, CMCSA, CFG, SCHN, FCX, BURL, BBY, AAP, TCK, FOXA, SBUX, FISV, CC, ALK, GS, SCHW, CMA, PAYX, MCHP, HBAN,

Horizontal Break of Support Setups include: CSCO, NEM, NTES, CERN, TRIP

Break of Support: ATVI,

______________________

Short-term Movers for the week:

SPX gainers:  FCX, DE, MPC, CHK, WYNN, SWN, ADI, FTR, URI, ADS, ANTM, JEC, NUE, FLR, IRM, RRC, OKE, CPB, COTY, COL, KMX, AMG, AZO, SHW, DPS, VZ, AAP VFC, WU, MNK, FSLR, FOSL, CMI, SIG, EQT, VAR, T, HAS, BAC, CTAS, LYB, OMC, MRO, AA, LOW, COG, DG, ETN, IPG, ALK, SCHW RIG, BBY, TDG, +10, 4,  +4, 62

SPX losers:  PDCO, TSN, URBN, LLY, MDT, CRM, HPQ, -4, 8

NDX gainers:  DLTR, ADI, MNST, CTRP, TSLA, MAT, ULTA, AVGO, QVCA, CHTR, MU, SYMC, ORLY, +4, 13

NDX losers:  CTSH, -4, 1,

YTD: 224

SPX Leaders:  FCX, OKE, NEM, SE, MLM, PWR, SWN, CMI, NUE, NAVI, (371, +9, > 10p 257, +27)

SPX Losers:  FSLR, GCI, PRGO, AGN, PBI, HRB, MCK, EQR, UA, LB

NDX Leaders:  NVDA, AMAT, CHTR, ULTA, MU, TMUS, NTAP, QCOM, TXN, CSX, (64, +0, >10p 43, +4)

NDX Losers:  ENDP, TRIP, ALXN, SRCL, MYL, NCLH, VRTX, ILMN, REGN, GILD

DJI Leaders:  CAT, UNH, CVX, JPM, IBM, MRK, GS, WMT, MMM, UTX, (25, +2, >10p 13, +1)

DJI Losers:  NKE, DIS, KO, PFE, HD

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 97.99, bullish. 

75 of 100 NDX stocks closed higher and one was unchanged on Friday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 7

CTRP, CTSH, LVNTA, MDLZ, NXPI, TSLA, VIAB,

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up