Happy Thanksgiving...Markets Close at 1 pm ET on Friday...

Six of ten sectors moved higher on Wednesday …XLI, XLF and XLB were the strongest sectors while XLU was the weakest sector.  Oil futures up .04 to close at 47.94.

Breadth weakened as advancers led 1,514 to 1,478 on the NYSE and led 1,610 to 1,118 on the NASDAQ.

Wednesday – weakened, advancers led, +6

Tuesday – steady, advancers led, +8

Monday – strengthened, advancers led, +9

Friday – weakened, advancers led on the NASDAQ, +2

Thursday – strengthened, advancers led, +7

SPY up .12 at 220.70 on 56.6 million shares, 39% below average volume

VIX up .02 at 12.43

TLT down .47 at 120.64…on 13.5 million shares, 38% above average volume

Technical Commentary:

IWM +0.63%, DIA +0.30%, SPY +0.05%, QQQ -0.40%,

Remember Thursday is a holiday…Happy Thanksgiving everyone!  Friday is a half trading day with the NYSE closing at 1 pm ET. 

Steel stocks moved higher on Wednesday led by CLF, AKS, MTL, X, STLD ATI, VALE and NUE.  

Volume was lighter on Wednesday compared to Tuesday in the DJIA, DIA, SPY and IWM.  Volume is generally light on half day of trading on Friday.

RUT, DJIA and SPX along with their respective ETFs IWM, DIA and SPY made new all-time highs on Wednesday.

IWM, DIA and SPY continue to trend above their horizontal resistance breakout level

SPX up 1.7 points at 2,204, its second close above 2,200.

DJIA closes 19,083, its second straight close above 19,000.

SPX Leaders: DE, FCX, JEC, SWN, URI, SIG, WYNN, RRC, CHK, TIF, HPE, MDT, SYF, COG, ENDP, CAT FLR, TDG, PKI, COF, EQT, NAVI, ABT, COL, SCHW, WAT, AGN, EW, ABBV, RIG, EA, PCAR, R, KEY

QQQ in sideways trend nearing intermediate-term resistance and is close to a horizontal resistance breakout setup.

NDX point gainers: GILD, SBUX, AMGN, ESRX, ALXN, BMRN, EA and PCAR

Airline stocks led by ALK, SAVE, JBLU, SKYW and DAL rose on Wednesday.

With Black Friday starting Thursday evening retail stocks SIG, TIF, LB, JWN, ULTA, GPS, FL, M, TGT, BBY and ROST moved higher on Wednesday.

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

2016 Q3 EPS, Oct - Nov

EPS Positive Reactions

DE, VEEV, GME, BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, MRVL, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, MGM, LVS, UBNT, SLCA, SBUX, MCHP, FOSL, MHK, CAR, RIG, DDD, YELP, SHOP, ABC, SQ, HSIC, ZTS, DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP, COH, TSO, RCL, HBI, SRCL, HSY, EMN, VRSN, UBS, BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR, OI, FLIR, ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT, BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG, UNH, GS, CE, DPZ, CMA, UAL, HAS, DAL, DRI, CSX, COST, RHT, FDX, ADBE

EPS Negative Reactions

URBN, PDCO, MDT, TSN, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: STX, WDC, AMZN, AAPL, NTAP, WFM, XLNX, ICE, RCL, CE, REGN, VRTX, DISCA, ADSK, JD, MUR, DLTR, ADI, NCLH, LMT, HAL, WFC, HSY, MXIM,

Bull Flag Bounces include: AXP, MMM, UTX, JWN, PWR, ESRX, SAVE, MLM, FTI,

Horizontal Breakout Setups include: TGT, BBBY, BA, JPM, UNH, HAS, STI, HIG, TRV, CSX, ATI, FOSL, SWN, SLB, DVN, RRC, SQ, DAL, LUV, SAVE, CHTR, BHI, HES, APA, INCY, CTXS, TSLA, SINA, COST, EXPE, LNG, CHK, ULTA, FTI, PCLN, NFLX, AKAM, CHKP, FB, TSLA, GOOGL, MDLZ,

Horizontal Breakouts include: BBY, MAR, WB, ZION, SWN,

New Highs include: FCX, BURL, PCAR, X, STLD, NUE, AKS, SCHN, AAP, ADP, TCK, FOXA, CCL, SBUX, LRCX, NVDA, FISV, CC, AAL, ALK, LUV, UAL, SKYW, MU, MS, GS, ETFC, SCHW, CMA, USB, C, BAC, MCD, PAYX, MCHP, TMUS,  CFG, HBAN, RF, FDX, UPS, TXN, KLAC, CMCSA,

Horizontal Break of Support Setups include: CSCO, NEM, NTES, CERN

Break of Support: ATVI, NEM, TRIP,

______________________

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 97, bullish. 

45 of 100 NDX stocks closed higher and one was unchanged on Wednesday.

63 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

BMRN, GILD

Moving Below 30 DMA = 3

CTSH, LVNTA, MDLZ

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

DJIA Closes 19,023 as RUT, DJIA and SPX Make All-time New High Close...BURL, SINA, DLTR, WB, ADI, CPB Gap Higher on Positive EPS Reaction...Steel Stocks Continue to Soar...

Eight of ten sectors moved higher on Tuesday …XLRE, XLY and XLB were the strongest sectors while XLV was the weakest sector.  Oil futures down .43 to close at 47.90.

Breadth was steady as advancers led 2,132 to 900 on the NYSE and led 1,719 to 1,047 on the NASDAQ.

Tuesday – steady, advancers led, +8

Monday – strengthened, advancers led, +9

Friday – weakened, advancers led on the NASDAQ, +2

Thursday – strengthened, advancers led, +7

Wednesday – weakened, advancers led, +3

SPY up .43 at 220.15 on 66.8 million shares, 30% below average volume

VIX down .01 at 12.41

TLT down .04 at 121.11…on 8.3 million shares, 13% below average volume

Technical Commentary:

IWM +0.91%, DIA +0.36%, QQQ +0.30%, SPY +0.20%,

We hope you noticed that Chart Signals has featured steel stocks every day since Friday November 4 in the body of our commentary. 

Chart Signals also hopes you have profited from the big moves that have occurred in steel stocks since Nov. 4:  X +62.1%, AKS +56.2%, CLF +52.3%, STLD +28.09%, ATI +25.5%, SCHN +24.8 and NUE +24.7%.

Steel stocks had mega moves to the upside on Tuesday led by CLF, X, AKS, MT, VALE, ATI, SCHN, NUE and STLD.  

Remember Thursday is a holiday…Happy Thanksgiving everyone!  Friday is a half trading day with the NYSE closing at 1 pm ET.  Volume typically slows on Wednesday and is generally light on half day of trading on Friday.

RUT, DJIA and SPX along with their respective ETFs IWM, DIA and SPY made new all-time highs on Tuesday.

IWM, DIA and SPY continue to trend above their horizontal resistance breakout level

SPX up 16 points at 2,202, its first close above 2,200.

DJIA closes 19,023, its first close above 19,000.

SPX Leaders: DLTR, VFC, URBN, NUE, ADI, FCX, MNST, CBG, CPB, GPS, ALK, CHTR, DG, LOW, DLR, TSO, FOSL, ULTA, HSIC, M, ANTM, HUM, RL, O, DPS, HRL, AVGO, KLAC, HCP, VZ, GM, SYMC, EQIX, TSN, AWK, LB, FTR, JEC, GCI, KMX,

VIX did confirm the SPX new closing high.

QQQ in sideways trend getting closer to short-term resistance and is close to a horizontal resistance breakout setup.

NDX point gainers: AMZN, CHTR, INTC, MSFT, CMCSA, QCOM, AVGO, DLTR, SBUX and TSLA

Airline stocks led by ALK, HA, SAVE, SKYW, UAL and DAL continued to rise on Tuesday.

With Black Friday just three days away retail stocks DLTR, GPS, DG, LOW, ULTA, M, LB, SIG, TJX, BBY, KSS, BBBY, TGT and ROST moved higher on Tuesday.

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

2016 Q3 EPS, Oct - Nov

EPS Positive Reactions

BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, MGM, LVS, UBNT, SLCA, SBUX, MCHP, FOSL, MHK, CAR, RIG, DDD, YELP, SHOP, ABC, SQ, HSIC, ZTS, DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP, COH, TSO, RCL, HBI, SRCL, HSY, EMN, VRSN, UBS, BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR, OI, FLIR, ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT, BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG, UNH, GS, CE, DPZ, CMA, UAL, HAS, DAL, DRI, CSX, COST, RHT, FDX, ADBE

EPS Negative Reactions

URBN after the close today, PDCO, MDT, TSN, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: NTAP, WFM, XLNX, AXP, MMM, UTX, ICE, RCL, JWN, CE, PWR, BIIB, ESRX, REGN, VRTX, DISCA, CTSH, ADSK, JD, MUR,

Bull Flag Bounces include: NUE, X, AKS, BBY, MAR, TGT, NCLH, PCAR, BBBY, JPM, UNH, LMT, HAS, STI, MLM,

Horizontal Breakout Setups include: WB, STX, WDC, AMZN, AAPL, ZION, CSX, ATI, FOSL, DLTR, TRV, SWN, SLB, DVN, SQ, DAL, LUV, SAVE,  CHTR, HAL, BHI, HES, APA, INCY, HIG, FTI, PCLN, NFLX, BA, WFC, HSY, AKAM, CHKP, FB, MXIM, RRC, CTXS, TSLA, GOOGL

Horizontal Breakouts include: BURL, NUE, X, AKS, SCHN, AAP, FCX, SINA, PAYX, MCHP, TMUS, ALK, COST, EXPE, FOXA, LNG, CHK, ULTA, MDLZ,

New Highs include: DLTR, ADI, X, STLD, NUE, AKS, SCHN, FCX, ADP, TCK, TXN, KLAC, CCL, ETFC, SBUX, LRCX, NVDA, CMA, FISV, CMCSA, CC, UAL, SKYW, MU, MS, GS, SCHW, USB, C, BAC, AAL, MCD, CFG, HBAN, RF, FDX,

Horizontal Break of Support Setups include: CSCO,

Break of Support: ATVI, NEM, NTES, TRIP, CERN,

______________________

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 97, bullish.  

54 of 100 NDX stocks closed higher and one was unchanged on Tuesday.

64 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

CA, INTC, MDLZ, QCOM,

Moving Below 30 DMA = 5

BMRN, GILD, JD, NFLX, VIAB,

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Oil Rallies...Energy Leads SPX...DIA, IWM SPY Make New Closing High as QQQ Nears Horizontal Resistance...

Nine of ten sectors moved higher on Monday …XLE, XLB and XLU were the strongest sectors while XLRE was the weakest sector.  Oil futures up 2.01 to close at 48.33.

Breadth strengthened as advancers led 2,253 to 754 on the NYSE and led 1,634 to 1,122 on the NASDAQ.

Monday – strengthened, advancers led, +9

Friday – weakened, advancers led on the NASDAQ, +2

Thursday – strengthened, advancers led, +7

Wednesday – weakened, advancers led, +3

Tuesday – strengthened, advancers led, +8

SPY up 1.65 at 220.15 on 69.1 million shares, 24% below average volume

VIX down .42 at 12.43

TLT up .30 at 121.15…on 6.2 million shares, 32% below average volume

Technical Commentary:

QQQ +1.04%, SPY +0.76%, IWM +0.47%, DIA +0.47%,

IWM, SPY, DIA new all-time highs on Monday.

SPY closes above resistance after a test on Friday

SPY is a horizontal resistance breakout

SPX up 16 points at 2,198

Energy stocks lead SPX on rally in oil.

SPX Leaders: MPC, CHK, RRC, SWN, FCX, MRO, WYNN, CXO, COG, ADS, EQT, MNST, OKE, NF, ILMN, MNK, APC, FB, RIG, COTY, NBL, HES, COP, NOV, IRM, SYMC, URI, MUR, CTL, AZO, SE, MOS, XEC, PXD, WU, NRG, DOV, EOG, AAP, FOSL

VIX did confirm the SPX new closing high.

QQQ in sideways trend moving towards short-term resistance

NDX point gainers: FB, AMZN, AAPL, MSFT, GOOG, CELG, AVGO, KHC, WBA and NFLX

Steel stocks resumed their uptrend following Friday’s pause led by MTL, VALE, SCHN, ATI, CLF, STLD, NUE, AKS, MT and X.  

Airline stocks led by SKYW, UAL, LUV and HA on Monday.

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

2016 Q3 EPS, Oct - Nov

EPS Positive Reactions

ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, MGM, LVS, UBNT, SLCA, SBUX, MCHP, FOSL, MHK, CAR, RIG, DDD, YELP, SHOP, ABC, SQ, HSIC, ZTS, DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP, COH, TSO, RCL, HBI, SRCL, HSY, EMN, VRSN, UBS, BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR, OI, FLIR, ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT, BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG, UNH, GS, CE, DPZ, CMA, UAL, HAS, DAL, DRI, CSX, COST, RHT, FDX, ADBE

EPS Negative Reactions

TSN, CSCO, LOW, HD, TJX,

______________________

Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: NTAP, BBY, MAR, NCLH, PCAR, BBBY,  WFM, XLNX, AXP, BA, JPM, MMM, UNH, UTX, LMT, HAS, ICE, STI, RCL, JWN, TGT, AKS, NUE, CE, PWR, BIIB, BMRN, ESRX, GILD, REGN, VRTX, DISCA, CTSH, ADSK,

Bull Flag Bounces include: CSX, NFLX, PAYX, PCLN, BA, MLM, HIG, ATI, SCHN, FTI, INCY, FOSL, SWN, AAP, SLB, DVN,

Horizontal Breakout Setups include: STX, WDC, AMZN, AAPL, ZION, PAYX, CSX, TRV, MCHP, SCHN, FTI, INCY, FOSL, SWN, AAP, SLB, DVN, TMUS, SQ, DAL, ALK, LUV, SAVE, WFC, HSY, COST, EXPE, FOXA, JD, HAL, BHI, HES, APA, AKAM, CHKP, CHTR, HIG, FB,

Horizontal Breakouts include: FCX, LNG, MXIM, CHK, MUR, RRC, CTXS, ULTA, DLTR,

New Highs include: ADP, CC, ADI, UAL, FDX, MU, LRCX, KLAC, TXN, MS, GS, SCHW, USB, C, STLD, X, SKYW, BAC, SBUX, FISV, CMCSA, NVDA, AAL, MCD, CMA, CFG, HBAN, RF, CCL, ETFC,

Horizontal Break of Support Setups include: CSCO, MDLZ, GOOGL, TSLA,

Break of Support: NEM, NTES, TRIP, ATVI, CERN,

______________________

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 97, bullish. 

74 of 100 NDX stocks closed higher on Monday.

65 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

AVGO, MAT, NFLX, ORLY, SYMC

Moving Below 30 DMA = 2

HSIC, QCOM

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

Small Cap IWM Makes New High as Broader SPY, QQQ Pause Following Strong Week...

Two of ten sectors moved higher and one was unchanged on Friday …XLE, XLRE and XLF were the strongest sectors while XLV was the weakest sector.  Oil futures up .82 to close at 46.32.

Breadth weakened as decliners led 1,593 to 1,426 on the NYSE and advancers led 1,500 to 1,265 on the NASDAQ.

For the week ended November 18, eight of ten sectors moved higher.

XLE +2.40%, XLF +2.26%, XLY +1.86%, XLK +1.35%,

SPY +0.96%,

Lagging sectors XLU +0.56%, XLRE +0.47%, XLI +0.41%, XLB +0.35%, XLP -0.08%, XLV -1.06%,

YTD 224

Leading Sectors: XLE +17.92%, XLI +15.64%, XLF +14.52%, XLB +11.29%, XLK +10.58%,

SPY +7.18%,

Lagging Sectors: XLU +6.95%, XLY +3.89%, XLP +0.02%, XLV -3.23%, XLRE -5.50%

Friday – weakened, advancers led on the NASDAQ, +2

Thursday – strengthened, advancers led, +7

Wednesday – weakened, advancers led, +3

Tuesday – strengthened, advancers led, +8

Monday – weakened, advancers led, +6

SPY down .49 at 218.50 on 86.2 million shares, 9% below average volume

VIX down .50 at 12.85

TLT down .35 at 120.80…on 13.5 million shares, 41% above average volume

Technical Commentary:

IWM +0.53%, SPY -0.22%, QQQ -0.37%, DIA -0.44%,

IWM new all-time highs on monthly option expiration Friday.

SPY closes at resistance on a test after its new high close on Thursday

SPY is a horizontal resistance breakout test

SPX down 6 points at 2,181

SPX Leaders: ROST, WDC, WY, CRM, MOS, GCI, SPLS, COP, YUM, DVN, CMG, HBAN, CTL, WYNN, LOW, PLD, INTU, DSU, RIG, FTR, FIS, SWN, DLR

VIX did NOT confirm the SPX pullback

QQQ in sideways trend pulling back at short-term resistance

NDX point gainers: AMZN, ROST, QCOM, CSCO, INTU, AAPL, WDC, TXN, and NVDA

Steel stocks pause after strong 12-day rally.   

Airline stocks HA, AAL, DAL, LUV ALK and UAL continue rising on Friday. 

Consider moving up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

2016 Q3 EPS, Oct - Nov

EPS Positive Reactions

ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI, MAR, SYY, FDC, RACE, CTSH, PCLN, MGM, LVS, UBNT, SLCA, SBUX, MCHP, FOSL, MHK, CAR, RIG, DDD, YELP, SHOP, ABC, SQ, HSIC, ZTS, DVN, NBL, ANTM, ADP, EA, VRSK, ADM, HRS, MOS, CHKP, COH, TSO, RCL, HBI, SRCL, HSY, EMN, VRSN, UBS, BIDU, CRUS, EXPE, MO, CVX, FFIV, WDC, COP, DOW, AKAM, JNPR, BA, NCR, OI, FLIR, ROL, TSS, LMT, KEY, FCX, VLO, BHI, SAVE, AKS, TMUS, MCD, PYPL, MSFT, MXIM, AXP, SNA, MAT, BK, STLD, WBA, ALK, URI, HAL, MS, USB, NFLX, HOG, UNH, GS, CE, DPZ, CMA, UAL, HAS, DAL, DRI, CSX, COST, RHT, FDX, ADBE

EPS Negative Reactions

CSCO, LOW, HD, TJX, KORS, NTES, TRIP, CVS, ENDP, NWSA, ALB, IFF, EXPD MNST, ATVI, FSLR, WYNN, CS, APA, FB, UVE, AIG, CHTR, PAYC, DATA, CAVM, BABA, X, GILD, HLF, ILMN, NFX, DO, SCTY, AMZN, MCK, ABC, CAH, GT, ABBV, LM, COG, CA, AMGN, AET, LITE, XOM, CLF, ORLY, NEM, POT, AAPL, EW, CMG, LUV, CMCSA, UA, P, WHR, PNRA, JBLU, GM, MMM, NLSN, WAT, SHW, MAS, PNR, MCO, EBAY, TRV, LRCX, TSCO, INTC, ISRG, ST, JNJ, IBM, AA, FAST, ILMN, MU, PAYX, CCL

EPS Neutral Reactions

SWKS, LBTYA, CI, QCOM, FOXA, GOOGL, PSX, SKYW, BX, CA, TWTR, UPS, TSLA, MO, NXPI, STT, GD, KO, ESRX, VRTX, PCAR, AAL, NUE, XLNX, CTXS, LLTC, BAC, C, JPM, PNC

______________________

SStrong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: CSX, NTAP, BBBY, CHTR, MAR, NCLH, NFLX, PAYX, PCAR, PCLN, WFM, XLNX, AXP, BA, CAT, JPM, MMM, UNH, UTX, LMT, MLM, HAS, HIG, ICE, STI, RCL, JWN, TGT, AKS, ATI, NUE, SCHN, CE, FTI, PWR, BIIB, BMRN, ESRX, GILD, INCY, REGN, VRTX, BBY, FOSL, SWN, AAP, SLB, DVN, MCHP

Bull Flag Bounces include: ZION, TRV, CHTR,

Horizontal Breakout Setups include: STX, WDC, LNG, TMUS, SQ, DAL, ALK, LUV, SAVE, WFC, HSY, COST, DISCA, EXPE, FOXA, JD, MXIM, HAL, BHI, CHK, HES, APA, MUR, RRC, AKAM, CHKP, CTSH, CTXS,

Horizontal Breakouts include: USB, ULTA, DLTR,

New Highs include: NVDA, ADP, CC, AAL, UAL, MCD, FDX, MU, LRCX, KLAC, TXN, MS, GS, SCHW, CMA, CFG, HBAN, RF, ADI, C, CCL, STLD, ADSK, X, SKYW, BAC, ETFC, SBUX, FISV, CMCSA,

Horizontal Break of Support Setups include: CSCO, AMZN, MDLZ, GOOGL, TSLA,

Break of Support: FB, NEM, NTES, TRIP, ATVI, CERN, 

______________________

Short-term Movers for the week:

SPX gainers:  HAR, BBY, UAL, CNC, MUR, AAPL, SPLS, HP, CHK, WYNN, WY, FOSL, RIG, APA, FTR, LUV, HES, SWN, CFG, IPG, HBAN, TGT, KSU, EFX, RF, RRC, BBT, NFX, IP, EXC, ALK, NOV, PLD, CMA, DAL, LEN, CAG, UNM, TW, OKE, BAC, MCD, MS, OXY, PNC, DGX, +10, 7,  +4, 93

SPX losers:  MNK, GPS, FSLR, TDG, AGN, TDC, PVH, SYMC, TIF, WAT, PSA, ETN, VMC, VFC, MLM, KORS, EXR, F, ABBV, -4, 21

NDX gainers:  LMCA, JD, NTAP, MU, AAL, LRCX, LBTYA, ROST, AMAT, NVDA, ALXN, STX, QVCA, ISRG, DLTR, MAR, SWKS, ADI, ULTA, SIRI, MDLZ, ADSK, INTU, DISCA,  +4, 26

NDX losers:  SHPG, REGN, SYMC, ILMN, -4, 4,

YTD: 224

SPX Leaders:  OKE, FCX, NEM, SE, URBN, MLM, PWR, NAVI, CMI, HPE, (362, +21, > 10p 230, +16)

SPX Losers:  FSLR, GCI, TRIP, PRGO, AGN, HRB, MCK, PBI, SIG, EQR

NDX Leaders:  NVDA, AMAT, CHTR, NTAP, TMUS, MU, ULTA, QCOM, TXN, LRCX, (64, +7, >10p 39, +5)

NDX Losers:  ENDP, TRIP, ALXN, SRCL, MYL, NCLH, ILMN, VRTX, REGN, GILD

DJI Leaders:  CAT, UNH, CVX, JPM, MRK, GS, IBM, MMM, JNJ, WMT (23, +0, >10p 12, +0)

DJI Losers:  NKE, DIS, KO, HD, PFE, GE, TRV

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 94, bullish. 

36 of 100 NDX stocks closed higher and one was unchanged on Friday.

62 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 2

QCOM, SRCL

Moving Below 30 DMA = 4

MAT, MDLZ, MYL, ORLY

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up