IWM, QQQ Push Through Short-term Resistance...Earning's Season Start Friday Morning...

After the Close Review of Thursday’s market action… QQQ, IWM, XLE, SPY, DIA, $VIX, JPM, C, WFC, PNC, NFLX, GS, BAC, MS, XLE, XOP, WLL, APC, COP, NTAP, ADBE, AAPL, STX, BA, more great setups …10:12 pm PST

 
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Futures rose overnight following indications that geopolitical concerns over Syria had cooled.  The SPX closed up 21.80 points.

The DJIA, closed up 293 points at 24,483, led by strength in BA, GS, CAT, JPM, IBM, UNH, and MMM. (206 points) 

Six sectors were higher on Thursday, led by financial XLF +1.75% and industrials XLI +1.44%.

SPY up 2.17 at 265.93 on 68.8 million shares, 39% below average volume. Up on lower volume.

VIX down 1.75 at 18.49

Oil up .42 to 67.16

TLT down .89 at 120.62 on 6.6 million shares.

INTC +3.17%, BA +3.09%, led the DJIA, 24 advancers.

FOSL +4.30%, HST +4.06% and DE +4.05%, led the SPX.

BMRN +5.55%, INCY +5.34%, MU +4.18%, and SHPG +3.82%, led the NDX.

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

Up: DIA, QQQ, SPY, IWM,

Down:

Breadth strengthened on Thursday, as advancers led 1,585 to 1,317 on the NYSE and led 1,823 to 1,050 on the NASDAQ.

The SPY MFC green line is pointed up and is at 34, bullish. 

Uptrend sectors:  XLRE, XLU,

Neutral sectors: XLY, XLF, XLV, XLI, XLB, XLE, XLK

Down trend sectors: XLP,

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past two months and it is appropriate to wait for the uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX, NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,

SQ, CMA, CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,

BA, DLTR, NVDA, MAR, ISRG, WB, RACE, SHOP,

78 of 100 NDX stocks closed higher on Thursday.

34 NDX stocks are above their 30 DMA.  WYNN, SHPG, ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, ADSK, ASML, CTXS, INTC, PCAR, ROST, STX, TMUS, SYMC, AAPL, ADI, ALGN, BMRN, CELG, CHKP, COST, CSCO, CSX, CTAS, ILMN, INTU, MSFT, MYL, NFLX,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 15

AAPL, ADI, ALGN, BMRN, CELG, CHKP, COST, CSCO, CSX, CTAS, ILMN, INTU, MSFT, MYL, NFLX,

Moving Below 30 DMA = 0

The intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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