QQQ, XLK Pause…SPY Still near Resistance…FB, TSLA Lower in After-hours on EPS Reaction…

• SPY forms spinning top on below average volume at resistance.
• QQQ, XLK pause after all-time closing high on Tuesday.
• Four sectors were positive led by financial XLF and energy XLE.
• AIZ, ALL, ETFC, GNW, KEY and RF lead XLF. 
• VIX rose +0.09 to 10.68.
• Oil falls -0.53 to 47.55
• MRK +1.48% leads DJIA.
• DLPH +10.91%, AIZ +6.49%, NFX +4.44%, EL +4.37% after earnings lead SPX.
• CTXS +7.09%, MDLZ +2.95% lead NDX.
• ADP -6.25% after earnings report.
• VRSK -6.61% after earnings report.

Intermediate and long term up trend intact.  3-day short term trend neutral.

Up: DIA,

Down: SPY, QQQ, IWM

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

Look for a potential bounce in: DIA, MS, NVDA, MU, HD, XLNX, KLAC, WBA, EA, HAS, XLY, MCHP, IWM, UNH, TSLA,

One Day Pullback: AAPL, BABA, YHOO, FB, AMZN,

Bounces included: ETFC, SWKS, WDC, KEY, TXN, ROST, WMT,

Potential Breakouts include: SPY, DIA, MCD, V, MAR, AVGO, SBUX,

Breakouts: COST,

New Highs LRCX, EXPE, RCL, CSX, QQQ, PYPL, ADSK, NCLH, ATVI, JD, AMAT, SPY, ADBE, MSFT,

Earnings this week:

Monday:  DISH, AMD

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

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

• FB -2.50% after hours drop following earnings report.
• QRVO -2.48% after hours drop following earnings report.
• TSLA -2.35% after hours drop following earnings report.
• KHC -1.62% after hours drop following earnings report.

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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