QQQ, XLK New All-time High Close Again…SPY at Resistance…AKAM, GILD, AAPL Lower in After-hours on EPS Reaction…

• SPY forms potential hanging man on light volume at resistance.
• QQQ, XLK make another new all-time closing high.
• Seven sectors were positive led by industrial XLI and healthcare XLV. 
• VIX rose +0.48 to 10.59.
• Oil falls -0.51 to 48.08
• INTC +1.82% leads DJIA.
• COH +11.38%, MLM +7.62%, CMI +6.10% after earnings lead SPX.
• SHPG +4.33%, AAL +4.25% lead NDX.
• Intermediate and long term up trend intact.  3-day short term trend neutral.

Up: QQQ, DIA, SPY

Down: IWM

Uptrend sectors:  XLK, XLV, XLY, XLB, XLI, XLP, XLRE,

Look for a potential bounce in: HAS, DIA, XLY, WMT, KEY, ETFC, SWKS, TXN, WDC, HD, XLNX, KLAC, PAYX, ROST, MCHP, MS, IWM, ADP, DIS,

                  (click image to enlarge)

One Day Pullback: EA, UNH, WBA, MU, NVDA,

Bounces included: V, MAR, AVGO, SBUX,

Potential Breakouts include: SPY, DIA, MCD, ARNC, COST,

Breakouts:

New Highs QQQ, PYPL, EXPE, ADSK, BABA, NCLH, FB, ATVI, JD, LRCX, AMAT, SPY, YHOO, ADBE, AMZN, RCL, MSFT, CSX, TSLA,

Earnings this week:

Monday:  DISH, AMD

Tuesday: COH, MLM, CMI, MA, MRK, NRG, AET, CHTR, MA, AKAM, GILD, AAPL,

• AAPL -1.84% after hours drop following earnings report.
• AKAM -13.60% after hours drop following earnings report.
• GILD -2.54% after hours drop following earnings report.

Wednesday: ADP, ICE, VRSK, FB, TSLA, KHC, QRVO

Thursday: AIG, CHK, RIG, MUR, PRU, ATVI, MNST,

Friday: CTSH, CI, MRO

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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