Six of ten sectors moved higher on Thursday …XLF, XLI and XLB were the strongest
sectors while XLP was the weakest sector. Oil futures fell 1.05 to close at 44.29.
Breadth weakened as decliners led 1,660 to 1,432
on the NYSE and advancers led 1,719 to 1,083 on the
NASDAQ.
Thursday
– weakened, advancers led on
NASDAQ, +6
Wednesday – strengthened, advancers led, +6
Tuesday –
weakened, advancers led, +10
Monday – strengthened, advancers led, +10
Friday – strengthened, advancers led, +4
SPY up
.54 at 216.92 on 172.1 million shares, 78%
above average volume
VIX up
.36 at 14.74
TLT down
1.84 at 122.73…on 22.9 million shares, 155% above average volume
Technical Commentary:
IWM +1.60%, DIA +1.1.17%, SPY +0.25%,
QQQ -1.61%,
SPX
gains 4 points to 2,167, finding resistance near
Sep 22 high at 2,182
VIX did
not confirm the SPX rise
SPY above average volume
TLT again had high
selling volume
Money
continued to rotate from bonds and into stocks
DIA made
a new closing high at 188.13
Steel
stocks AKS, ATI, STLD, CLF, NUE, and
SCHN were among the leaders again on Thursday.
Airline
stocks SKYW, JBLU, SAVE, LUV, ALK and DAL continued their strong short-term uptrend on Thursday.
NDX point losers: AAPL, AMZN,
MSFT, GOOG, FB, KHC, MDLZ, NFLX, QCOM, AVGO, ADBE, CSCO and NTES
SPX Leaders: KSS, FOSL, CSRA, AMP, WFC, ENDP, JWN, NAVI, PRGO, HBAN,
BBBY, SPLS, CMG, AMG, ZION, GM, URBN, M, FCX, FR, AYI, DFS, MOS, ABC, ETFC,
PNR, CFG, PVH, MET, PNC, JPM, SYF, SCHW, PRU, CME, EMR, BAC, SWK, GS, GPS, PFE,
KMX, MS, XYL, MC, PCAR, STX, DG, RL, IVZ, R, ANTM, FLS, ILMN and C
EPS Positive Reactions
QVCA,
PCLN, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, LVS,
UBNT, SLCA, SBUX, MCHP, FOSL, 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, CSX, COST, RHT,
FDX, ADBE
EPS Negative Reactions
CVS,
ENDP, NWSA, ALB, IFF, EXPD MNST, ATVI,
FSLR, WYNN, CS, APA, FB, UVE, AIG, CHTR, PAYC, DATA, CAVM, BABA, X, GILD, HLF,
ILMN, NFX, DO, SCTY, AMZN, MCK, ABC,
CAH, GT, ABBV, LM, COG, CA, AMGN, AET, LITE, XOM, CLF, ORLY, NEM, POT, AAPL,
EW, CMG, LUV, CMCSA, UA, P, WHR, PNRA, JBLU, GM, MMM, NLSN, WAT, SHW, MAS, PNR, MCO, EBAY, TRV, LRCX, TSCO, INTC,
ISRG, ST, JNJ, IBM, AA, FAST, ILMN, MU, PAYX, CCL
EPS Neutral Reactions
SWKS, LBTYA, CI, QCOM, FOXA, GOOGL,
PSX, SKYW, BX, CA, TWTR, UPS, TSLA, MO, NXPI, STT, GD, KO, ESRX, VRTX, PCAR, AAL, NUE, XLNX, CTXS, LLTC, BAC, C,
JPM, PNC
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: AKAM, PYPL, SQ, EXPE, HSY, QCOM, MXIM, VRSN,
Bull Flag Bounces include: WDC,
Horizontal Breakout Setups include: SAVE, ULTA, ALK, HAS,
CMCSA, CCL, NCLH, DLTR, PCAR,
Horizontal Breakouts include: BBBY, TMUS, SAVE, LUV, CMCSA,
CCL,
New Highs include: GS, DAL, CC, STLD, MLM, AKS, NUE, JPM, STI, X,
SCHN, MS, BAC, USB, ZION, C, CMA, CE, RCL, UAL, AAL,
Horizontal Break of Support Setups include: NEM, CAVM,
JD, TSLA, MDLZ, NVDA, PYPL, EXPE, QCOM,
Break of Support: DPZ, NTES, NFLX, AMZN, CTRP, BIDU, MSFT, TRIP, ATVI, COST,
CERN,
______________________
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.
37 of 100
NDX stocks closed higher on Thursday.
50
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
BBBY, CMCSA, DLTR, NCLH,
PAYX, STX
Moving Below 30 DMA = 16
AMAT, AVGO, DISH, GOOG,
HSIC, LBTYA, LRCX, LVNTA, MAT, MDLZ, MXIM, NVDA, PYPL, QCOM, SWKS, TXN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
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