SPY penetrates and rebound to close at channel
support. SPY -1.49% from
June 9 all-time high.
DIA pulls back in its bull flag pattern.
QQQ pulls back in its MACD bullish divergence setup.
IWM pulls back to Wednesday’s S1 in its horizontal resistance breakout setup.
Two sectors were positive, led by financial XLF and energy XLE.
SPY down 2.14 at 241.35 on 106.9 million shares, 48% above
average.
VIX up 1.41 to 11.44.
Oil down .01 to 44.87
TLT down 1.06 at 125.41…on
9.1 million shares, 23% above average.
JPM +1.48% and GS+0.53% were
the only gainers in the DJIA.
AYI +10.45% after earnings, SWN +6.00% and FOSL +5.23% led
the SPX.
SPX advancing issues 105, declining issues 393.
Only eight stocks rose in the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
IWM, DIA, SPY, QQQ
Uptrend
sectors: XLV,
XLF, XLI, XLU, XLRE, XLB, XLY, XLK,
Breadth weakened as decliners led 2,060 to 870 on the NYSE and led 1,772
to 1,054 on the NASDAQ.
The SPY MFC green
line is pointed
down at 78,
Look for
a potential bounce in: ADBE, ANET, ATVI,
WYNN, AMZN, JD, XLNX, KWEB, SHOP, TLT, MOMO, WYN, MMM, MCD, RCL, EXPE, HUN,
AMD, DDD, BBRY, FB, RACE, DIA,
At
support: SPY, QQQ, XLY, MAR, EA, NVDA,
NFLX, MNST, GOOGL, ADSK, AVGO, AAPL, TSLA,
One Day
Pullback: IWM, V, PYPL, WDC, AABA, SQ,
CC,
Bounces included:
BIDU
Potential
Breakouts include: BIDU, WMT, BBY, TAL, BABA, CSX,
Breakouts:
C,
Break of
short-term support: WB, LRCX, KLAC, AMAT, MCHP,
SWKS,
Bear flag:
COST,
New Highs:
8 of 100 NDX stocks closed
higher on Thursday.
35
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 23
AMZN, ATVI, BMRN, CERN,
CHKP, CSCO, CTAS, CTSH, DISCA, DISH, EBAY, FB, FISV, HSIC, ILMN, JD, LVNTA,
MNST, NTES, NVDA, VIAB, VOD, XLNX
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
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