QQQ, SPY, IWM Make New All-time Closing High...

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CTAS, ETFC rise while EBAY, MXIM, SWKS fall, in after-hours on EPS reaction, watch for gap on Friday.

KMI +4.52% on EPS reaction.

SPY, QQQ form potential hanging man at new all-time high. 

DIA pause at resistance.

IWM forms spinning top at new high.

Four sectors were higher, led by utilities XLU +0.72% and healthcare XLV +0.66%

SPY up .11 at 247.10 on 47.1 million shares, 25% below average. 

VIX down .21 to 9.58.

Oil down .34 to 46.93

TLT up .38 at 125.16…on 12.2 million shares, 68% above average.

NKE +2.30% and VZ +1.77% led the DJIA, 15 advancers.

KMI +4.52%, MNK +4.10% and PRGO +3.94% led the SPX.

MYL +3.00%, REGN +2.83%, INCY +2.56% and SWKS +2.12% led the NDX.

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

Up: QQQ, IWM, SPY

Down: DIA

Uptrend sectors:  XLI, XLB, XLF, XLV, XLY, XLK

Neutral sectors: XLRE, XLU, XLP

Down trend sectors: XLE

Breadth weakened as decliners led 1,433 to 1,428 on the NYSE and advancers led 1,484 to 1,242 on the NASDAQ.

The SPY MFC green line is pointed up at 95, bullish.

Look for a potential bounce in: PNC, HUN, ETFC, SHOP, AAL, C, JPM, WFC, SCHW, BAC, LUV, WB, MCD, XLNX, ALK, JBHT, WDC, WMT, WYNN,

At support: CSX, DDD, COST, UAL,

One Day Pullback: MS, ADSK,

Bounces included: AMD, WDC, TSLA,

Potential Breakouts include: MS, MNST, ATVI, MOMO, TSLA, MAR, FAS, CC, WDC, EXPE, KLAC, GOOGL, MMM, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, DIA, EA, CC, BA,

Breakouts: CCL, MCHP, QQQ, XLY, IWM, KWEB, AMZN, ANET, JNJ, RCL, ADBE, AABA, AVGO, LRCX, FCX, AAPL, AMAT, BIDU, AVGO,

Break of short-term support:

Bear flag:

New Highs: RACE, SPY, FB, AMZN, PYPL, NFLX, V, TAL, AABA, WUBA, BABA, SQ,

65 of 100 NDX stocks closed higher and one was unchanged on Thursday.

74 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

INTC, MAR, MYL, NTES, XLNX

Moving Below 30 DMA = 3

CHKP, QCOM, XRAY                                      

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Earnings Week of July 17…

DJIA

Tuesday = GS, JNJ, UNH, IBM

Wednesday = AXP

Thursday = TRV, V, MSFT

Friday = GE

NDX

Monday = NFLX, JBHT

Tuesday = CSX

Wednesday = TMUS, QCOM

Thursday = CHKP, ISRG, CTAS, EBAY, MXIM, SWKS

Friday =

Notable SPX

Monday = NFLX

Tuesday = BAC, CMA, LMT, UAL

Wednesday = MS, USB, NTRS, AA, URI

Thursday = KEY, UNP, PM, ETFC, SHW, NUE, 

Friday = STI, SLB, KSU, HON, RF, MCO, CL

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