One of nine sectors moved higher on Monday…XLV, XLP and XLE were the strongest sectors …XLI was the weakest
sector….
Breadth weakened…decliners
led advancers…2.27 to 1 on
the NYSE and 2.72 to 1 on the NASDAQ…
Monday – weakened, decliners led
Thursday – strengthened, advancers led
Wednesday – weakened, advancers led NYSE
Tuesday – strengthened, advancers led
Monday – weakened, decliners led
SPY down 62 cents at 156.05...volume 99.1 million shares…
VIX up .88 at 13.58…
TNX down .12 at 18.40…
TNX down .12 at 18.40…
TLT up .89 at 118.39…
XLF down 9 cents at 18.12 volume 22.1 million shares
XLF down 9 cents at 18.12 volume 22.1 million shares
AAPL down 13.75 at 428.91…volume 13.9 million shares…
FB down 5 cents at`25.53… on lower volume 22.2
million shares…
Technical Commentary:
DIA +0.02% SPY -0.40% led QQQ -0.68%, and
IWM -1.34% and
on Monday as each index paused in its uptrend following the three-day
Easter weekend.
AAPL -13.75 accelerated its downside move for the fourth straight day and closed below
its 30 DMA for the second straight day.
FB down 5 cents on
light volume formed a spinning top again closing at the S1 level of its large bullish engulfing candle. FB is
still a setup for a potential C
Pattern Entry after a support bounce.
The Euro was up 25 pips and closed at 1.2843 on Monday.
Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.
The SPY formed a
small bullish engulfing pattern as
TNX fell and TLT Bonds moved higher.
The Market
Forecast Green Line is in the
upper zone.
____________________
Setups
Breakout: WDC, ADP, MAT, PRGO, CMCSA, CELG, MSFT, AOL, DDD,
CTL, XRX, ABC, CBG, TXN, P, NFLX, WDC, HES, ANGI, ILMN, DISH,
DISCA, ICE, SPLK, NTES, SLM, AKAM, COG, CBS, CIE, CHTR, LNKD,
Diagonal Breakout: CLB, MGM, BTU, HLF, GNC, A, CPRT, DDS,
Bull Flag: SNDK, SHLD, INTU, VIAB, Z,
NUS, TEX, MTW, CHK, MWV, CNW,
PTEN, NAV, MBI, CIEN, ZION, ZNGA, DWA, PLCM, ANR, APOL,
NKE, AWAY, MDRX, WPO, PBI, TFM, CRR, GOOG, DECK, CBI, MU,
Potential Bullish
Divergence: JCP, MCP, IPI
Gap Down:
Bear Flag: CTSH, CTXS,
ORCL, CLF, FDS, FFIV, KLAC, RCL, CCL, ULTA, JOY, A, FB
Break of Support: FTNT,
DE, CAH, RAX, GRMN, AGU, IPI, BTUWLT,
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: TSLA, EBAY, BIIB, WSM, WAG
Gap Down: PVH, GES
Breakout: CERN, ADM, ADBE, CELG, HRS, CRM, CBOE, CMP,
CSTR, EBAY, ROST, MON, GILD, LBTYA, FTI, FL, RMD, LVS, HRB, VECO, BBRY,
NUAN, TPX, UNG, TRIP, OGE,
Bounce: BBRY, IBM, MOS,
URI, AVGO, GTI, FB, VMW, ALXN, TIBX, TECD, ARG, EOG, AVP, NVR, SBUX
MACD Divergence
Bounce: CCL, FB, SLB, BTU, KORS, WLT, SINA
Bear Flag: AAPL, DSW, DKS
Support Break: CORN,
MCP, EXPD,
JDSU, JRCC
____________________
25 of 100 NDX stocks
closed higher and two were unchanged on Monday…
Leading NDX 100 stocks included: ALXN, EBAY,
SHLD, REGN, PCLN, CELG, GOOG, EXPE
Lagging NDX stocks included: MU, LLTC, NVDA,
ADSK, AAPL, FAST, STRZA, FOSL, ADI, KLAC
Leading stocks> +2% on Monday included: TSLA, HUM, BBRY
Lagging stocks < -2.0% included: ESI,
LDK, MCP, ANR, X, SWKS, NFLX, YELP, UAL, CRUS, DECK, SOHU, AKS, GRPN, A CREE,
CSTR, FCX
Stocks to Watch on Tuesday…
Holding Above 30 DMA = 60
VMED, NWSA, SNDK, STRZA, ADP, DELL, SYMC,GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, PCAR, VOD, ALXN, AVGO, BBBY, SHLD, DTV, LIFE, STX, WYNN, COST, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN, INTC, MXIM, QCOM, WDC, EBAY, XRAY, EQIX
VMED, NWSA, SNDK, STRZA, ADP, DELL, SYMC,GILD, HSIC, CERN, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, PCAR, VOD, ALXN, AVGO, BBBY, SHLD, DTV, LIFE, STX, WYNN, COST, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN, INTC, MXIM, QCOM, WDC, EBAY, XRAY, EQIX
Moving Above 30 DMA =1
ESRX
Moving Below 30 DMA = 13
ADI, ALTR, AMAT, AMZN, BRCM, CA, LLTC,
MCHP, NVDA, SIAL, SPLS, WFM, XLNX
Staying Below 30 DMA
AAPL,
LINTA, GOOG, ORLY, FAST, MNST, MYL, CSCO, ORCL,
CTSH, CTXS, EXPE, FOSL, PCLN, SIRI, CTRX, CHKP, KLAC, ISRG, FFIV, NTAP, GRMN,
EXPD, AKAM, BIDU, FB
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Up
No comments:
Post a Comment