Seven of nine sectors moved higher on Monday…XLE,
XLK and XLF were the strongest sectors…XLU was the
weakest sector.
Breadth strengthened…as advancers led decliners 1.79 to 1 on
the NYSE and 1.67 to 1 on the NASDAQ.
Monday – strengthened, advancers led
Friday – strengthened,
mixed
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
decliners led
SPY up .99 at 197.60 on 58.5 million shares
VIX down .26 at 11.82…
TNX up .29 at 25.49…
TLT down .49 at 113.09...
XLF up .14 at 22.83 on 21.3 million shares
AAPL up 1.23 at 96.45 on 42.6 million shares
FB up 1.56 at 67.90…on 38.4 million shares
Technical Commentary:
SPY +
0.50%, IWM + 0.51%, QQQ + 0.60%, DIA + 0.64%.
Trade with the trend of
the chart you are trading and continue to move your profit protection
stops. Continue to follow
your rules.
Short-term up trend Chart
Targets:
SPY = 198.12, 199.06…
QQQ = 94.89, 96.31…
IWM = 120.67, 121.76…
Support Levels
SPY = 196. 59, 194.13,
193.11…
QQQ = 93.57, 91.73,
90.44…
IWM = 116.65, 116.05,
114.66…
Earnings this week:
Monday – C,
Tuesday –
GS, INTC, JPM, JNJ, YHOO
Wednesday
– BAC, EBAY, LVS, SNDK, SCHW, SCSS, USB, URI
Thursday –
AMD, BHI, BAX, BX, GOOGL, IBM, ESI, MAT, MS, OSTK, PM, SLB, STX, SWKS,
Friday –
GE, HON, JCI, KSU,
Q2 Earnings Reactions
Positive Reactions – AA,
STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,
Negative Reactions – FAST,
FDO, CAMP, BBBY, GIS, CCL, WAG,
Reversal in progress –
Reversal of Initial
Reaction –
The SPY Market Forecast green line is in the upper zone at 80.
____________________
Setups
Horizontal Breakout: ATI,
GME, NTES, VRSN, AVGO, BIDU, CELG, GOOG, MAR, MU, SNDK,
Diagonal Breakout: DAL,
JASO, SFUN, SWI, SWKS, TSL, ADBE, AKAM, BRCM, GMCR, YHOO,
Bull Flag:
Potential Bullish
Divergence: UNG,
Gap Up:
Gap Down:
Bear Flag:
At Support: WFM,
C- Pattern:
Moves
New Highs: TPX, GILD,
INTC, WDC,
H Breakout: IBM, AAPL,
CMCSA,
Diagonal Breakout: IWM,
SCSS, CTXS,
Bull Flag Bounce:
Gap Up: AIG, BAC, BX,
C, FAS, GLW, MS, SCHW, SPY, V, FB,
Gap Down: GLD, GTAT,
Breakout Test:
Bounce: CREE, CRM,
CTRP, LNKD, NKE, GRMN, NFLX, PCLN, TSLA,
MACD Divergence Bounce:
Bear Flag:
Support Break: ROST,
C- Pattern:
______________________
70 of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: TSLA, NFLX, AMZN, MU, FB, MYL, SPLS, MAT,
BIDU, AAPL, GILD, NVDA
Lagging NDX stocks included: NTAP, FAST, ISRG, VIP, ROST, WFM, MNST
Leading stocks > +2% on Monday
included: VJET, SFUN,
JD, C, JASO, TSL, P, GOGO, NTES, QIHU
Lagging stocks < -2.0% included:
X, GPRO, GTAT, BBRY, GLD
Stocks to Watch on Friday
Holding Above 30 DMA= 70
MAR, CHRW,
SIAL, MU, SNDK, CHTR, AAPL, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT, GMCR,
ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, INTU, MSFT, BIDU, CMCSA, BRCM, GOOG, AKAM,
AMGN, BIIB, EXPE, LLTC, SBUX, ALTR, TXN, KLAC, INTC, STX, WDC, ORLY, SRCL,
LMCA, XLNX, SYMC, CTSH, DISH, DTV, MAT, VRTX, FISV, GILD, SBAC, DLTR, MDLZ,
NTAP, EBAY, REGN, VRSK, COST, PCAR, PAYX, AMZN, DISCA, FOXA, NVDA, MNST, CTRX,
FB, LBTYA, YHOO
Moving Above 30 DMA = 7
ALXN,
BBBY, MYL, PCLN, SIRI, SPLS, TSLA
Moving Below 30 DMA = 3
ADI,
TRIP, VIP
Staying Below 30 DMA
FFIV,
QCOM, ROST, VIAB, WYNN, GRMN, CA, CTXS, FAST, HSIC, ISRG, LINTA, VOD, CHKP, MXIM,
WFM, CERN, ESRX, EXPD, TSCO
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
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