Stocks Close With A Gain...AAPL Closes Above $600...First Time Since Oct 2012...MU & SNDK Make New Highs...

Seven of nine sectors moved higher on Monday…XLU, XLV and XLB were the strongest sectors…XLF was the weakest sector.     

Breadth weakened…as decliners led advancers 1.07 to 1 on the NYSE and 1.27 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – mixed, advancers led

Thursday – weakened, mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

SPY up .36 at 188.42 on 75.6 million shares, below average volume

VIX up .38 at 13.29…

TNX up .20 at 26.11…

TLT down .68 at 112.03...

XLF down .09 at 21.90 on 18.8 million shares, below average volume

AAPL up 8.42 at 601.00 on 9.7 million shares

FB up .75 at 61.21…on 45.5 million shares, below average volume

Technical Commentary:

QQQ + 0.53%, SPY + 0.19%, DIA + 0.11%, IWM – 0.12%.

Stocks opened lower after selling off in Asia and Europe overnight and preceded to bounce higher for the day.  The NDX led other indexes on strength in AAPL, GILD, BIIB and FB.  CMCSA broke out of resistance.

HOG Bull Flag Setup...

                  (click image to enlarge)

IBM Bull Flag Setup...

                     (click image to enlarge)

YHOO Horizontal Breakout Setup...

                    (click image to enlarge)

QQQ Horizontal Breakout Setup...

                     (click image to enlarge)

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 = 187.17, 189.70…

QQQ = 86.90, 87.88…

IWM = 113.84, 115.25…

Support Levels

SPY = 183.37, 181.38

QQQ = 85.09, 84.16, 83.15, 82.03

IWM = 110.12, 108.91, 106.99

Earnings This Week:

Monday: AEIS, AIG, PFE, TSN, VECO, YY

Tuesday: ATVI, ALL, ARWR, CBOE, DTV, DISCA, DIS, EA, FEYE, FSLR, FXCM, GRPN, HSIC, LBTYA, MRO, MOS, TRIP, WFM,

Wednesday: CAR, CTSH, CTRP, FWLT, HUM, GMCR, MCP, PRGO, PRU, SCTY, SFUN, TSLA, FOXA, Z

Thursday: APA, DISH, FNMA, JAZZ, LMCA, MNST, NVDA, PCLN, REGN, SUNE, UBNT,

Friday: MHR, SSYS

Q1 Earnings Reactions

Positive Reactions – WYNN, ESI, MA, TMUS, TPX, YELP, CTRX, TSO, ANR, GRMN, ENR, LVLT, PBI, TWX, CHRW, CNX, DNB, FISV, MAR, VRSK, WLP, MGM, MRK, NOK, S, UTHR, BWLD, AAPL, AET, ALXN, ANGI, BA, BHI, BIDU, BTU, BX, C,COG, CTXS,  DAL, DAVE, DECK, DHI, DO, DV, ETFC, FCX, GE, GILD, GME, HOG, HAL, HAS, HOG, IBKR, INTC, JNJ, KO, LPNT, LRCX, MS, NXPI, POT, RF, SCHW, SNDK, SPWR, STI, SWK, SWKS, TKR, TRV, UNP, URI, WFC, XRX, YHOO

Negative Reactions – MTW, AKAM, DVA, EXPE, KRFT, LNKD, K, VIAB, VRTX, CLX, JDSU, WDC, EBAY, ESRX, SEE, PNRA, STX, SWI, TWTR, ADM, BMY, CHKP, COH, DDD, GT, PCAR, SAVE, SOHU, ACI, AKS, ALTR, AMGN, AMZN, ATI, BAC, BBRY, BIIB, BRCM, CELG, CLF, CREE, F, FAST, FFIV, GOOG, IBM, JCI, JPM, KLAC, KMB, LLTC, LLY, LVS, LXK, MMM, MU, MXIM, NSC, NUE, P, PG, QCOM, SIRI, STLD, STT, T, UA, UNH, UPS, V, VMW, VZ, XLNX, YNDX, ZION, ZNGA, 

Reversal in progress – BRCM, LLTC, NUE, STLD, ZION

Reversal of Initial Reaction – AKS, ATI, BAC, CELG, F, IBM, KMB, LVS, MMM, MU, PG, SIRI, T, UPS, YNDX, ANGI, BIDU, NFLX, RF, INTC

The SPY Market Forecast green line is pointed up at 82.

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Setups

Horizontal Breakout: RCL, SPWR, SPY, SWKS, UBNT, XONE, CELG, TRIP, TSLA, YHOO,    

Diagonal Breakout: AAL, CTRP, FSLR, GLW, JNPR, PANW, STI, ANR, BBRY, CRM, DDD, QIHU, SCTY, SOHU, SSYS, V, VRSN, YNDX, AKAM, FB, MNST, NTAP, PCLN,

Bull Flag:   

One Day:

Potential Bullish Divergence:

Gap Up:  

Gap Down:   

Bear Flag: 

At Support: CREE, SCHW, X, ZION, BX, CIEN, RAX, SINA, SWI, TSL, EBAY, MSFT, ROST,   

C- Pattern:   

Moves

New Highs: AAPL, MU, SNDK,      

Gap Up:  

Gap Down: C, MS, SFUN, INTC, WFM,     

H Breakout: CMCSA,       

Diagonal Breakout:   

Breakout Test:

Bull Flag Bounce:   

Bounce: HOG, Z,    

MACD Divergence Bounce: LNKD, TBT,    

Bear Flag:

Support Break: GME, MTW,     

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

Leading NDX 100 stocks included: GMCR, LBTYA, VRTX, ALXN, BIIB, GILD, TSLA, TRIP, EQIX, REGN, ILMN

Lagging NDX stocks included: WFM, VIP, ATVI, WYNN, FAST, SYMC, CTRX

Leading stocks > +2% on Monday included: PANW, XONE, CRM, SCTY, LNKD

Lagging stocks < -2.0% included: GME, X, MTW, MS, WLT, BBRY, SFUN, ESI

Stocks to Watch on Tuesday

Holding Above 30 DMA= 46

MAR, KRFT, INTC, CSCO, CHRW, SPLS, COST, EXPD, SIAL, MDLZ, MU, SNDK, CMCSA, ORLY, GILD, CHTR, MYL, AAPL, CTXS, SRCL, VOD, DTV, ADP, ALXN, CELG, FISV, YHOO, EQIX, NXPI, AVGO, GRMN, MAT, SIRI, VRSK, LMCA, BIDU, FB, CTRX, LBTYA, SBAC, FOXA, DISH, CTSH, DLTR, WYNN, TSLA

Moving Above 30 DMA = 7

EXPE, LINTA, NVDA, PAYX, QCOM, VRTX, REGN

Moving Below 30 DMA = 3

ATVI, BRCM, SYMC

Staying Below 30 DMA

CHKP, PCAR, TXN, ADI, WDC, ILMN, FFIV, VIP, STX, ISRG, AMAT, KLAC, LLTC, NTAP, XLNX, BBBY, ROST, ALTR, AMGN, HSIC, DISCA, SBUX, TSCO, INTU, AKAM, EBAY, ESRX, WFM, TRIP, ADBE, AMZN, BIIB, GMCR, CERN, PCLN, MNST, NFLX, CA, GOOG,

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral