Stocks Take A Slight Step Back On China Data...China Exports Drop 18% For Last 12 Months...ALXN Gaps Up 7.11%...FMC Up 6.72%...SHLD Up 6.01%...WLT Down 9.76%...

Four of nine sectors moved higher on Monday…XLV, XLE and XLP were the strongest sectors…while XLI was the weakest sector.    

Breadth weakened as decliners led advancers 1.30 to 1 on the NYSE and 1.06 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened, decliners led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

SPY down .10 at 188.16 on 74.5 million shares, below average volume

VIX up .09 at 14.20…

TNX down .06 at 27.84…

TLT up .15 at 106.04...

XLF up .01 at 22.38 on 23.5 million shares, below average volume

AAPL up .48 at 530.92 on 6.3 million shares, below average volume

FB up 2.23 at 72.03…on 59.8 million shares

Technical Commentary: 

QQQ + 0.09%, SPY - 0.05%, DIA – 0.21%, IWM – 0.33%.

With investors keeping an eye on China’s exports…which fell 18.1% (year-on-year in February) stocks slipped slightly…economists had been expecting growth…of maybe 5%...but with the decline in exports…and as China is the second largest economy in the world after the US…the news brought a sell-off in equities.   The DJIA was off 34.03 while the NASDAQ was down 1.78 and the S&P 500 closed down .87.

ALXN took a bounce today gaining 11.95 up 7.11%...one of the few stocks to bounce in today’s session.

FMC gapped up to closed with a gain of 5.23 or 6.72%...closing at an all-time high on volume of 3.5 million.  SHLD bounced and is nearing horizontal resistance of early January…bouncing today with a gain of 2.72 or 6.01% on 1.8 million shares.

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 = 189.25, 190.55…

QQQ = 90.96, 92.25, 93.05…

IWM = 120.64, 121.84…

Support Levels

SPY = 187.15, 183.75, 182.60

QQQ = 88.87, 87.35, 86.49

IWM = 118.71, 115.58

Earnings this week… GOGO, KKD, MFRM

Q4 Earnings Reactions

Positive Reactions – 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 – 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, ATI, A, CRUS CSX, CVX, GS, COF, JNJ, IBM, JCI, KEY, KO, LNKD, MA, RAX, STX, WFM (18, 18%)

Reversal of Initial Reaction – SINA, AA, AAPL, ABT, ADP, ADM, ALTR, BWLD, DISCA, CERN, CL, CSCO, CTSH, CTXS, DDD, HAL, EMC, ESRX, FAST, FDO, FSLR, HOG, BAX, VRSN, HUM, P, GILD, PCAR, MDC, MMM, CELG, HOG, POT, SHW, GLW, DD, HON, SWK, ISRG, KLAC, LMT, SFLY, TPX, TSCO, TSO, WHR,  UNH, VZ,  WDC, VFC, VMW, YHOO, XOM, ZION (54, 51%)

The Market Forecast Green Line closed above 94.

____________________

Setups

H Breakout: PANW, ESRX,

Diagonal Breakout:

Bull Flag: ATI, BAC, DRYS, FSLR, GLW, MTW, SFUN, SOHU, SPWR, SWI, UAL, YELP, YOKU, AKAM, EBAY, GRMN, NFLX, PCLN, SNDK, TSLA, WYNN, YHOO,

One Day:  

Potential Bullish Divergence: 

Gap Up: 

Gap Down:    

Bear Flag: 

At Support: BBRY, CRM, CSIQ, ESI,

C- Pattern:

Moves

New Highs: BX, FB,  

Gap Up:

Gap Down: NTES,   

H Breakout:  

Diagonal Breakout:   

Breakout Test:

Bull Flag Bounce:

Bounce: COST, INTC, MU,  

MACD Divergence Bounce: 

Bear Flag: 

Support Break: CIEN, CTRP, P, SPLK, WLT,

______________________

40 of 100 NDX stocks closed higher on Monday and one was unchanged.

Leading NDX 100 stocks included: ALXN, FB, BIIB, CTRX, VRSK, AMGN, MY, STX, SPLS

Lagging NDX stocks included: VOD, TSLA, AKAM, MYL, WYNN, FFIV, NXPI, DISH, ADSK, GMCR

Leading stocks > +2% on Monday included: FB,

Lagging stocks < -2.0% included: TSLA, AKAM, WYNN, FFIV

Stocks to Watch on Monday

Holding Above 30 DMA= 78

ILMN, EQIX, FFIV, ISRG, MU, BIIB, MXIM, TSLA, NXPI, NFLX, ALTR, ALXN, REGN,   GOOG, WYNN, FB, ADBE, ORLY, DISH, EBAY, AKAM, AVGO, DTV, PCAR, AMGN, ATVI, CERN, EXPE, MNST, MSFT, MYL, NVDA, PCLN, SNDK, TRIP, XLNX, ADI, MAR, AMAT, CHKP, KLAC, TXN, CTSH, GRMN, HSIC, LINTA, LTLC, VIAB, KRFT, BIDU, MDLZ, FOXA, FISV, LBTYA, DISCA, CTXS, FAST, INTU, WFM, BBBY, CA, CLTR, ROST, SIAL, ADP, TSCO, YHOO, SBAC, AAPL, BRCM, ESRX, PAYX, QCOM, AMZN, SRCL, INTC, MAT, SBUX

Moving Above 30 DMA = 2

COST, VRSK

Moving Below 30 DMA = 3

ADSK, VOD, GMCR

Staying Below 30 DMA

WDC, LMCA, CELG, GILD, SPLS, STX, VRTX, SIRI, CTRX, CMCSA, CSCO, NTAP, CHTR, CHRW, SYMC, EXPD, VIP

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral