DJIA Slightly Lower as SPX, RUT Bounce at Short-term Support...NDX Closes Below ST Support on GOOG, FB, PCLN, ALXN, NFLX and Biotech Weakness...

One of nine sectors moved higher Monday…XLU, XLF and XLK were the strongest sectors…XLV was the weakest sector again.    

Breadth weakened as decliners led advancers 1.67 to 1 on the NYSE and 2.91 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – mixed, mixed

Thursday – strengthened, mixed

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

SPY down .77 at 185.43 on 119.5 million shares

VIX up .09 at 15.09…

TNX down .17 at 27.33…

TLT up .77 at 109.00...

XLF down .01 at 22.39 on 55.5 million shares

AAPL up 6.32 at 539.19 on 12.6 million shares, above average volume

FB down 3.14 at 64.10…on 85.4 million shares, above average volume

Technical Commentary: 

DIA - 0.12%, SPY - 0.41%, QQQ - 0.88%, IWM - 1.14%.

Stocks opened higher and began to move lower after the first five minutes of trading.

The NDX - 35.68, - 0.98% was led by AAPL which added 5.1 points and MSFT with 2.5 NDX points but was taken down by GOOG, FB, AMZN, PCLN, ALXN, NFLX, BIIB, AMGN, CELG, YHOO and TSLA which combined for - 26.3 down points on Monday.

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

Short-term up trend Chart Targets:

SPY = 187.15, 189.25, 190.55…

QQQ = 90.96, 92.25, 93.05…

IWM = 118.71, 120.64, 121.84…

Support Levels

SPY = 184.44, 183.75, 182.60

QQQ = 88.87, 87.35, 86.49

IWM = 116.19, 115.58

Q4 Earnings Reactions

Positive Reactions – KKD, MFRM, KKD, BIG, FL, JOY, DRYS, TSL, DDD, MNST, ROST, YOKU, CRM, SHLD, ANF, TGT, DLTR, LOW, HD, M, SCTY, ZU, PCLN, DISH, INTU, AEE, MDRX, ALEX, DTV, TSLA, GRMN, SWY, KRFT, AMAT, CTRP, NVDA, SPWR, TRIP, REGN, CBOE, MCO, ATVI, AKAM, EXPE, GMCR, NXPI, ONNN, ORLY, SCSS, SWI, TWX, DIS, YELP, AGNC, KORS, KEYW, IDXX, XYL, YUM, NOV, SPG, TSN, ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU, MTW, PHM, RYL, UA, VIAB, V, BA, DOW, FB, LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F, ILMN, LXK, CAT, RCL, JNPR, MSFT, KMB, PG, MXIM, SBUX, NFLX, FFIV, URI, UNP, EBAY, MCD, CREE, TXN, UTX, NUAN, XLNX, BHI, DAL, RF, MS, SLB, STI, AXP, SWKS, BAC, LLTC, WEN, MON, MU, STZ, APOL

Negative Reactions – GOGO, CIEN, COST, CSIQ, HOV, MCP, SSYS, ADSK, CRM, FSLR, SINA, ESRX, GRPN, YNDX, KO, A, GNC, WTW, VFC, WFM, ANGI, CSCO, DISCA, NTAP, RAX, CI, LNKD, TPX, VRSN, ADP, CTSH, HUM, MDC, P, TSO, TWTR, ADM, BWLD, CERN, CHRW, DDD, SFLY, GILD, CVX, MA, MAT, PCAR, AMZN, MMM, CELG, CL, XOM, ESI, HOG, OSTK, POT, SHW, WHR, BA, CTXS, EMC, TSCO, CRUS, GLW, DD, F, VMW, YHOO, AAPL, STX, ZION, HON, KSU, SWK, STT, ALTR, ISRG, KLAC, KEY, JCI, LMT, WDC, ABT, BAX, ATI, COH, FCX, AMD, IBM, HAL, JNJ, TRV, VZ, GE, COF, INTC, UNH, C, GS, CSX, FAST, AA, FDO, BBBY, SCHN (104)

Reversal in progress –ADSK, A, CSX, CVX, GS, COF, GOGO, JNJ, IBM, JCI, KO, LNKD, MA, RAX, STX, WFM (16, 16%)

Reversal of Initial Reaction – FSLR, AA, AAPL, ABT, ADP, ADM, ALTR, ATI, BAX, BWLD, DISCA, CELG, CERN, CL, CSCO, CTSH, CTXS, CRUS, DD, DDD, EMC, ESRX, FAST, FDO, FSLR, GILD, GLW, HAL, HOG, HON, HUM, ISRG, KEY, KLAC, LMT, MDC, MMM, P, PCAR, POT, SFLY, SHW, SINA, SWK, TPX, TSCO, TSO, UNH, VZ,  VFC, VMW, VRSN, WDC, WHR,  XOM, YHOO, ZION (58, 55%)

The Market Forecast Green Line closed at 86.

____________________

Setups

H Breakout: GLW, IBM, MFRM, TLT, X,

Diagonal Breakout: AAL, BX, CREE, GOGO, JNPR, SWI,

Bull Flag: BAC, C, ETFC, FAS, MS, RCL, SWKS, UBNT,

One Day: ATI, JDSU, MTW, SCHW, STI, Z

Potential Bullish Divergence: BBRY, SPWR, ANGI, CRM, DDD, P, SSYS, YNDX, YOKU,

Gap Up: 

Gap Down:     

Bear Flag:  NTES, WLT,

At Support: ESI, GOGO, HOG, IWM, KKD, NKE, SPWR, SPY, TBT, TPX, UAL, V, SOHU, YNDX, YOKU, AKAM, EBAY, FFIV, WFM, YHOO,

C- Pattern:

Moves

New Highs: FSLR,

Gap Up: AAPL,     

Gap Down:

H Breakout: AAPL,

Diagonal Breakout:   

Breakout Test:

Bull Flag Bounce: 

Bounce:

MACD Divergence Bounce:  

Bear Flag: VRSN,

Support Break: CTRP, GLD, PANW, TSL, ZION, LVS, P, QIHU, SFUN, SPLK, TWTR, XONE, YELP, FB, ADBE, ADSK, ESRX, FB, GOOG, MU, PCLN, TRIP, TSLA,

______________________

18 of 100 NDX stocks closed higher and two unchanged on Monday.

Leading NDX 100 stocks included: SYMC, SPLS, AAPL, BRCM, MXIM, MSFT, ADI, CTSH, CMCSA, EQIX

Lagging NDX stocks included: NFLX, ALXN, GMCR, FB, FFIV, MYL, TRIP, TSLA, VIP, YHOO

Leading stocks > +2% on Monday included: BBRY, WLT, DDD

Lagging stocks < -2.0% included: TSL, UBNT, ESI, Z, MTW, PANW, KKD, CTRP, SPWR, ZION, ETFC, RCL, BX, CIEN, JDSU, SPLK, P, SFUN, CSIQ, QIHU, SOHU, LNKD, TWTR, SCTY, YOKU, SINA, YNDX, XONE, YHELP, ANGI

Stocks to Watch on Tuesday

Holding Above 30 DMA= 33

MXIM, ALTR, AVGO, PCAR, ATVI, MSFT, NVDA, MAR, XLNX, AMAT, KLAC, TXN, GRMN, KRFT, LLTC, DISCA, CTXS, FAST, INTU, BBBY, ROST, TSCO, PAYX, MAT, SBUX, ADI, BRCM, INTC, QCOM, SNDK, STX, WDC, AAPL

Moving Above 30 DMA = 0

Moving Below 30 DMA = 16

ADP, AKAM, DISH, EBAY, ESRX, FFIV, FISV, LINTA, LMCA, MYL, NXPI, SIAL, TRIP, TSLA, VIAB, WFM,

Staying Below 30 DMA

ADBE, AMGN, AMZN, BIIB, CHKP, DLTR, DTV, GMCR, HSIC, ISRG, MDLZ, SYMC, ALXN, CERN, YHOO, FB, REGN, FOXA, CTSH, EXPE, GOOG, PCLN, WYNN, LBTYA, SBAC, COST, BIDU, MNST, MU, ORLY, SRCL, EQIX, NFLX, ILMN, CA, VRSK, ADSK, VOD, CELG, GILD, SPLS, VRTX, SIRI, CTRX, CMCSA, CSCO, NTAP, CHTR, CHRW, EXPD, VIP

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral