Six of nine sectors
moved higher on Monday and one was
unchanged…XLE, XLV and XLY were the
strongest sectors and XLK was the weakest.
Breadth was strengthened as advancers led
decliners 2.23 to 1 on the NYSE and 1.81 to 1 on
the NASDAQ.
Monday – strengthened, advancers led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, mixed
Tuesday – weakened,
decliners led
SPY up .48 at 205.45 on 91.8 million shares, below average volume
VIX down 1.14 at 15.52…
TNX up .11 at 18.28…
TLT down .41 at 134.36...
XLF up .12 at 23.89 on 22.4 million shares
AAPL up .12 at 113.10 on 55.5 million shares
FB down .33 at 77.50…on 19.2 million shares
Technical Commentary:
QQQ – 0.12%,
DIA + 0.05%, SPY + 0.23%, IWM + 0.97%.
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Short-term Chart Targets:
SPY = 205.10, 206.42, 208.97...
QQQ = 105.26…
IWM = 117.89, 118.72, 121.41…
Support Levels
SPY = 204.02, 202.33, 201.50...
QQQ = 103.72, 102.59, 101.35…
IWM = 116.57, 115.10, 114.20...
Earnings this week:
Monday: MSFT, STX, TXN, ZION
Tuesday: AAL,
AAPL, AMGN, EA, ILMN, WDC, YHOO, FSL, GLW, JNPR, X,
Wednesday: BIIB, FB,
LRCX, QCOM, TSCO, VRTX, CAVM
Thursday: ALXN, AMZN, BRCM, CELG, CHKP, MAT, VIAB, WYNN,
MCHP, BABA, BX, HOG, JDSU, RCL, SWI,
Friday: PCAR
Q4 Earnings Reaction
Positive Reactions – NFLX,
ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL,
UNH, UNP, SNX, LLTC, TSM
More than 10% - NFLX
Negative Reactions – AXP,
ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH,
WFC,
More than -10% - FFIV, KBH,
Reversal in progress – BAC, C, IBM, JNJ, JPM,
Reversal of Initial Reaction – WFC
The SPX Market Forecast is pointed up at 60.
___________________
Setups
Horizontal Breakout: FEYE,
IWM, JD, NKE, PANW, TWTR, YELP, QIHU, AAPL, GILD, MAR,
Diagonal Breakout: AA,
AMBA, BABA, EXPE, JASO, SCTY, SPLK, SUNE, SWI, KNDI,
Bull Flag: RCL
At Support: CAR
Moves
New Highs: GLW, SWKS,
UAL, ILMN,
H Breakout: CREE, GME,
KKD, UA, WYNN,
D Breakout: CRM, GOGO, JDSU, MBLY, FSLR, SSYS, MYL
Bounce: ATI, CSIQ, TSL,
LVS,
MACD Divergence Bounce:
LD,
Gap Up: GRMN,
Gap Down: STX, WDC
Support Break: UBNT,
______________________
55 out of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: WYNN, MYL, LMCA, TSLA, TSCO, SIRI, GRMN, ILMN,
EXPD, NFLX, BBBY, GILD, BIIB
Lagging NDX stocks included: STX, MAT, WDC, VIP, DLTR, ADBE, INTC, BIDU,
NTAP, NXPI, EBAY
Leading stocks > +2% on Monday:
GOGO, LC, SOHU, TSL, MTW, JASO, SCTY, X, SUNE, CSIQ, ATI, CREE, VSLR, SPWR
Lagging stocks < -2.0% included:
UBNT, GPRO, HPQ, UNG, MFRM, LNKD, DGLY
Stocks to Watch on Tuesday
Holding Above 30 DMA = 59
WFM, SIAL,
CHKP, KRFT, MNST, SRCL, AVGO, HSIC, CTSH, FISV, NXPI, PAYX, SIRI, CELG, ADP,
ATVI, BIIB, CERN, CSCO, CTRX, EA, GILD, NFLX, VOD, VRTX, AAL, ILMN, LLTC, REGN,
TXN, BBBY, BIDU, DISH, GOOG, LMCA, LRCX, LVNTA, NVDA, SBAC, SBUX, AAPL, ADBE,
AMZN, CHRW, DLTR, EBAY, EQIX, ESRX, EXPD, GRMN, MAR, MSFT, ROST, SYMC, TSCO, VRSK,
CA, COST, ORLY
Moving Above 30 DMA = 5
CMCSA, DTV, MYL, WYNN, YHOO
Moving Below 30 DMA = 1
FB
Staying Below 30 DMA
AMAT, FAST, GMCR, INTC, ISRG, KLAC, MDLZ, BRCM, VIP, SPLS, WDC, QCOM,
STX, TRIP, ADI, AKAM, CHTR, DISCA, FOXA, LBTYA, PCAR, PCLN, VIAB, ADSK, MAT, MU,
ALTR, CTXS, INTU, NTAP, SNDK, AMGN,
XLNX, ALXN, TSLA
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
