Two of nine sectors moved higher on
Monday… XLB, XLU and XLK were
the strongest sectors…XLE was the
weakest sector.
Breadth weakened…decliners
led advancers…2.32 to 1 on the NYSE and 2.08 to 1 on the NASDAQ…
Monday
- weakened, decliners led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
mixed
SPY
down .52…volume 79.6 million shares
VIX
up .67 at 13.39…
TNX
up .24 at 25.85…
TLT
down .79 at 107.35...
XLF
down .15 at 20.49…volume 28.9 million shares
AAPL
up 6.80 at 447.79…volume
8.8 million shares
FB
up 1.42 at 35.43…volume 124.7 million shares
Technical Commentary:
DIA - 0.15%, QQQ – 0.19%, SPY
– 0.31%, IWM – 0.70%.
FB gained 1.42 or 4.18% on
Monday on 124.8 million shares in volume and is at the highest price except for
the IPO.
AAPL broke
through a diagonal resistance closing up 6.80 or
1.54% and is close to breaking a horizontal resistance set in late
May.
TSLA broke
through horizontal resistance making another new high gaining 5.23 or
4.04%. SSYS
gained 4.17
or 4.73% and in closing in on its
previous high set in mid-July. SOHU
gapped down on Monday closing down 6.95 or 9.93%.
Earnings announcements continue as the fourth week of earnings season begins on Monday. Chart Signals
is focusing on stocks with
announcements and stocks that have had a positive earnings reactions over the
past two weeks.
This Week Earnings of Interest
Monday – ESRX, MTW, SOHU, VECO,
VRTX, WYNN
Tuesday – DDD, AET, AMGN, ACI, BWLD, COH, GLW, DISCA, FISV, MDC,
NYX, QCOR, RVBD, X
Wednesday – CMCSA, CTRP, HES, HUM,
LRCX, MA, MCHP, SODA, WFM, YELP
Thursday – ATVI, AIG, APA, ADP,
BZH, CME, CTRX, CHK, COP, XRAY, XOM, K, KRFT, LNKD, MELI, MYL, NUS, ZAGG
Friday – ANR, EAT, CBOE, CVX,
VIAB, YOKU
Q2 Earnings Reactions
Positive Reactions – SWK, SBUX, ALK, AMZN, CELG, CB, CLF,
GILD, IP, MXIM, RCL, HSY, UA, UAL, V, FB, BIDU,
TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY, MCO, AKS,
FCX, BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY,
MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC
Negative Reactions – DLR, CERN, CRUS, DECK, DNKN, EXPE,
KLAC, POT, PCP, SWI, TPX, EQIX, ABC,
CROX, ANGI, ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, BHI,
AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS
Chart Signals Strategy Guidelines
When the market
is trending up Chart Signals looks
for support bounce and resistance breakout entries.
When the market
is trending down Chart signals looks
for resistance pull back and support break entries.
When the market
is sideways in consolidation Chart Signals
will look for support bounce, diagonal breakouts and pull backs
at resistance where price action stays between support and resistance.
Technical setups for
short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls
or puts.
After earnings look for
bullish setups in positive reaction stocks and bearish setups in negative
reaction stocks.
The Market Forecast Green Line and is in the upper
zone.
____________________
Setups
H Breakout: AKAM, AMGN, FAST, QCOM, ROST, SIRI, SYMC, TSLA,
WFM, ALK, ATI, CMG, F, GRPN, SCTY, SPY, SSYS, TBT, TIF,
Diagonal Breakout: INTC, SHLD, WYNN, FSLR, GLD, GMCR, JCP, TLT,
Bull
Flag: ADBE, ADSK, CMCSA, CSCO, DTV, GRMN, NFLX, NTAP, BAC, C, CIEN, CREE, FAS, GS,
JNPR, PWRD, SPLK, Z,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: MU, NUAN,
ANGI, ZION,
Moves
New Highs: ATVI, FB,
Gap Up: DDD,
Gap Down: SOHU, UNG,
H&D Breakout: AAPL, TSLA, VECO,
Breakout Test:
Bounce: COST, FIVE,
MACD Divergence Bounce:
Bear Flag:
Support Break: SNDK, STX, NTES,
______________________
25 of 100 Leading NDX stocks closed higher on Monday and two were unchanged.
Leading NDX 100 stocks included: ATVI, FB, TSLA, ISRG, CTXS,
AAPL, SHLD, BIDU, FAST, MXIM, SIAL
Lagging NDX stocks included:
MNST, BIIB, SNDK, EXPE, ALXN, NUAN, EQIX, AMZN, STX, KLAC, FOXA, EXPD,
PCLN
Leading stocks > +2% on Monday included: SSYS,
CRUS, HLF, VECO, LDK
Lagging stocks < -2.0% included: SOHU,
ZAGG, GRPN, MCP, UAL, NTES, CROX, AKS, BBRY, LNKD, COH, FAS
Stocks to Watch on Monday
Holding Above 30 DMA= 79
TSLA, SPLS, CSCO, AMZN, DLTR,
ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, MNST, ORLY, PCAR,
ROST,VOD, VIAB, FB, LBTYA, KRFT, LMCA, FOXA, CMCSA, HSIC, DISCA, VRSK, ADP,
ALXN, CHKP, CTSH, DTV, FOSL, NTAP, SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV,
LLTA, XLNX, ADI, ATVI, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY,
TXN, SIAL, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, REGN, SBAC, ADSK, BIDU, FFIV,
MDLZ, CTRX, GOLD, QCOM, AAPL, FAST, SBUX, MXIM, WYNN
Moving Above 30 DMA = 1
SHLD
Moving Below 30 DMA = 4
BIIB
Staying Below 30 DMA
CERN, EXPE, NUAN, VRTX, GOOG,
SNDK, EQIX, WDC, MU, STX, AVGO, SHLD, EBAY, MSFT, NVDA, BRCM, MAT, DELL, ISRG,
INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
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