All nine sectors moved higher on Friday…XLE,
XLK and XLB were the strongest
sectors…XLV was the weakest sector.
Breadth strengthened as advancers led decliners 1.93 to 1 on the NYSE and 1.11 to
1 on the NASDAQ.
Monday – strengthened, advancers led
Friday – strengthened,
decliners led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
advancers led
SPY up 1.43 at 182.94 on 132.2 million shares
VIX down .92 at 16.11…
TNX up .20 at 26.39…
TLT down .29 at 110.44...
XLF up .17 at 21.45 on 56.2 million shares
AAPL up 2.07 at 521.68 on 7.3 million shares
FB up .36 at 58.89…on 72.3
million shares, above average volume
Technical
Commentary:
IWM +
0.28%, QQQ + 0.78%, SPY + 0.79%, DIA + 0.89%.
Buyers returned on Monday with DJIA leading the broad indexes. Twenty-seven of 30 Dow stocks moved
higher led by V, CSCO, NKE, INTC, CVS, GS, IBM, and CAT. Dow components KO, INTC and JNJ report
earnings on Tuesday.
The SPX was led by EW, BSX, C, TSO,
RIG, ATI, ESV and MU. SPX
laggards were led by ISRG, DAL, PBI, MDT, BMY, GPS and CCL.
C +1.99,
+4.36% gapped
higher after earnings before the open on Monday morning and led financial
stocks.
The NDX +27.78
was lifted
by modest point gains in CSCO, AMZN, AAPL, INTC, QCOM, CMCSA, BIIB, GILD and
BIDU. NDX stocks LLTC and YHOO report
on Tuesday.
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 = 183.59, 184.96…
QQQ = 84.95, 86.46…
IWM = 112.08…
Support Levels
SPY = 181.38, 180.01,
177.80
QQQ = 84.16, 83.15,
82.03, 80.23
IWM = 110.12, 108.91,
106.99
Earnings This Week:
Monday: C
Tuesday: KO, INTC, JNJ, LLTC,
SCHW, YHOO
Wednesday: AXP, BAC, GOOG, IBM,
KSU, SNDK, STLD, URI
Thursday: BHI, DD, GE, GS, MAT,
MS, BTU, SCSS, SLB, BX, UNP, UNH
Q1 Earnings Reactions
Positive Reactions –
WFC, GME,
Negative Reactions – JPM,
FAST, BBRY, MU
Reversal in progress –
Reversal of Initial
Reaction –
The SPY Market Forecast
(formed a cluster on Friday) green line turned up at 23.
____________________
Setups
H Breakout: CTRP, KKD, COST,
Diagonal Breakout: MTW, PANW, LNKD, NTES, QIHU, YOKU, AAPL, BIDU,
FB,
Bull Flag:
One Day:
Potential Bullish
Divergence: CREE, ETFC, ESI, RAX, SCTY, SWI, TBT, UBNT, YELP, WFM,
Gap Up:
Gap Down:
Bear Flag:
At Support: FSLR, CRM, SFUN, CELG,
C- Pattern:
Moves
New Highs: ATI,
Gap Up: C,
Gap Down: UNG,
H Breakout:
Diagonal Breakout: SCSS,
Breakout Test:
Bull Flag Bounce:
Bounce: GLW, GME, JNPR, MFRM, MS, NKE, SPY, X,
ANGI, CMCSA, DTV, INTC, NTAP, QCOM, STX, WDC,
MACD Divergence Bounce: SWKS, ANGI, CRM, SPLK, TWTR, V, WLT, ADBE,
ADSK, AKAM, AMZN, CTSH, ESRX, FFIV, GILD, MNST, MU, NFLX, SBUX, TRIP, YHOO,
Bear Flag:
Support Break: HOG, GOGO,
______________________
82 of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: FFIV, MU, SPLS,
SYMC, BIDU, STX, CTSH, WDC,
Lagging NDX stocks included: ISRG, TSLA, ILMN,
Leading stocks > +2% on Monday
included: C, ATI, KKD, SCSS, PANW, FAS, WLT, SPLK, ANGI, CSIQ,
Lagging stocks < -2.0% included: GOGO, TSL, XONE, SFUN, DDD, UBNT
Stocks to Watch on
Monday
Holding Above 30 DMA= 10
MAR, GRMN,
KRFT, FAST, INTC, QCOM, STX, WDC, CSCO, CHRW, SPLS
Moving Above 30 DMA = 4
NVDA, SYMC, MDLZ, ADI
Moving Below 30 DMA = 0
Staying Below 30 DMA
ISRG,
MSFT, AMAT, BRCM, CHKP, DTV, EXPD, KLAC, LINTA, LLTC, MAT, MXIM, NTAP, PCAR,
SIAL, SNDK, XLNX, TXN, FOXA, NXPI, BBBY, ROST, DISH,
AAPL, ALTR, AMGN, ATVI, AVGO, CMCSA, CTSH, FISV, HSIC, PAYX, VIAB, DISCA, ADP,
EXPE, MU, SBUX, CHTR, TSCO, CTXS, INTU, AKAM, EBAY, ESRX, FFIV, MYL , WFM,
LMCA, TSLA,TRIP, ADBE, AMZN, BIIB, DLTR, GMCR, ALXN, CERN, YHOO, FB, REGN,
PCLN, WYNN, LBTYA,SBAC, COST, BIDU, MNST, ORLY, SRCL, EQIX, NFLX, ILMN, CA,
VRSK, ADSK, VOD, CELG, GILD, VRTX, SIRI, CTRX, VIP, GOOG
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down/Neutral
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