Futures Recover Tuesday's Late Selloff as Bounce and Rally Take Hold...

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QQQ, SPY, DIA and IWM bounced and gave potential entry signals.  

COST, NFLX, AMD, FB, HD, TWTR also bounced and gave bull flag entry signals today. 

The DJIA, closed up 181 points at 24,356, led by strength in UNH, JNJ, CAT, IBM and V.

Nine sectors were higher on Thursday, led by technology XLK +1.41% and staples XLP +1.38%.

SPY up 2.21 at 273.11, on 56.9 million shares, 23% below average volume. Up on higher volume

VIX down 1.17 at 14.97

Oil down 1.16 at 73.12

TLT up .35 at 122.35 on 3.8 million shares.

WBA +2.67%, INTC +2.59%, led the DJIA, 27 advancers +17.

QRVO +5.66%, CAG +3.70% and FOSL +3.62%, led the SPX.

SWKS +4.40%, MXIM +4.10%, QCOM +3.71%, and XLNX +3.34%, led the NDX.

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

Up: QQQ, IWM, SPY DIA,

Down:

Breadth strengthened on Thursday, as advancers led 2,186 to 754 on the NYSE and led 2,001 to 940 on the NASDAQ

The SPY MFC green line turned up at 42, bullish. 

Uptrend sectors:  XLU, XLRE, XLV, XLY, XLK, XLE,

Neutral sectors: XLP, XLF, XLI, XLB,

Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is sideways.  The ten-day trend is down.

3-month Intermediate Term Market Trend: Sideways

3-day Short Term Market Trend: Up

88 of 100 NDX stocks closed higher on Thursday.

57 NDX stocks are above their 30 DMA.  COST, FB, NFLX, FOXA, EA, AMGN, KHC, REGN, ROST, CHTR, HAS, MDLZ, MNST, DISH, TMUS, HOLX, HSIC, NTES, CTSH, ALXN, ISRG, AMZN, ATVI, CMCSA, CTRP, GILD, IDXX, INTU, SHPG, TTWO, BMRN, CELG, ILMN, VRTX, CDNS, CERN, CHKP, EXPE, FISV, ESRX, QRTEA, XRAY, BIIB, CA, CTAS, FB, GOOGL, MELI, MXIM, ORLY, PAYX, PYPL, STX, SWKS, SYMC, VRSK, WDAY,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 15

BIIB, CA, CTAS, FB, GOOGL, MELI, MXIM, ORLY, PAYX, PYPL, STX, SWKS, SYMC, VRSK, WDAY,

Moving Below 30 DMA = 0

Intermediate-term trending stocks: 

RACE, ADBE, IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA, WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL

BA, MU, MAR, CMA, CME, ANET, HRS, KORS,

DLTR, WB, TPR,

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