Day 2 Of Gains As Investors See Geopolitical Concerns Ease...TSLA Closes At Record High...Investors Sleep Easy As MFRM Rises 13.58%...SFUN Closes Up 11.09%...

Six of nine sectors moved higher on Monday…XLP, XLK and XLY were the strongest sectors…XLU was the weakest sector.

Breadth strengthened as advancers led decliners 2.79 to 1 on the NYSE and 2.69 to 1 on the NASDAQ.

Monday – strengthened, advancers led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

SPY up .55 at 193.79 on 74.4 million shares, below average volume

VIX down 1.54 at 14.23…

TNX up .05 at 24.20…

TLT down .01 at 115.51...

XLF up .02 at 22.40 on 22.7 million shares, below average volume

AAPL up 1.25 at 95.99 on 36.4 million shares

FB up .38 at 73.44…on 24.5 million shares

Technical Commentary:

IWM + 0.95%, QQQ + 0.59%, SPY + 0.29%, DIA + 0.13%.

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 = 194.30, 195.78...

QQQ = 96.31, 97.52, 98.28

IWM = 112.23, 114.31...

Support Levels

SPY = 191.57, 189.51...

QQQ = 93.57, 91.73, 90.44…

IWM = 110.15, 108.86...

Earnings season is winding down while the ramp up for retail earnings begins.  Next week starts with PCLN and GOGO on Monday morning.

This week:  PCLN, GOGO, CSIQ, JDSU, CREE, RAX, VJET, XONE, SINA, NTES, ADSK, NTAP, JCP

Q2 Earnings Reactions

Positive Reactions – NVDA, MNST, ANR, FSLR, GTAT, LNKD, SFUN, SSYS, SUNE, UBNT, YOKU, AKS, AMGN, CHRW, ESRX, HCA, HES, LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI, UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS, DAL, DECK, DOW, FFIV, FB, FTI, GD, LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS, RHI, STLD, SWK, TSCO, TXN, WHR, XRX, ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA, STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,

More than 10% - TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – SCTY, YELP, CTSH, MYL, AEM, AET, AKAM,  BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPL, UPS, VRTX, XOM, ALK, ALXN, AMZN, ANGI, ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN, JNPR, KLAC, KMB, KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX, TRIP, TRV, UTX, V, XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST, FDO, CAMP, BBBY, GIS, CCL, WAG,

More than -10% - AMD, ANGI, BWLD, CAMP, DHI, HLF, MXIM, P, SNDK, XLNX,

Reversal in progress – GIS, WAG,

Reversal of Initial Reaction – BBBY, YHOO, APOL, KBH, MON,

The SPY Market Forecast green line is pointed UP at 19.

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Setups

Horizontal Breakout: BBRY, BBY, CTRP, JD, SFUN, UA, VRSN, YOKU, CREE, JCP, PANW, AVGO, COST, CTXS, ESRX, NFLX, NTAP,  

Diagonal Breakout: AA, AIG, CSIQ, DAL, JASO, RCL, SOHU, SWKS, TSL, CRM, HOG, UPL, VJET, YNDX, ADSK,

Bull Flag: WDC,

Potential Bullish Divergence:  

C- Pattern:  

Moves

New Highs:     

H Breakout: P, QIHU, ANR, WLT, FFIV, PCLN,

D Breakout: ETFC, CIEN, BIDU, MAR, TXN,

Bull Flag Bounce:   

Gap Up: BX, GLW, IWM, SCSS, SPY, TPX, MFRM, KKD, TSLA,

Gap Down:

Bounce: FEYE, IBM, ANGI, RAX, AAPL, EXPE, GMCR, MAR, MU, SNDK,  

MACD Divergence Bounce: AAL, GME, JDSU,   

C- Pattern:

Support Break:  GOGO,  

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

Leading NDX 100 stocks included: TSLA, MU, PCLN, FFIV, GMCR, ALXN, EXPE, SYMC, BIDU, AAPL, INTC, NFLX, AMAT, MAR

Lagging NDX stocks included: ILMN, BIIB, MYL, DLTR,

Leading stocks > +2% on Monday included: SFUN, SCTY, P, JASO, UBNT, TSL, TPX, FEYE, QIHU, CTRP, CSIQ, KNDI, MFRM, GTAT, ANGI, YELP, RAX, XONE, CIEN, JCP, PANW, SPLK

Lagging stocks < -2.0% included: GOGO, LOCO, Z,

Stocks to Watch on Tuesday

Holding Above 30 DMA= 38

CHRW, BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, ISRG, YHOO, SPLS, ESRX, DLTR, TSLA, FOXA, MSFT, NFLX, ADP, CTRX, DISCA, MNST, NVDA, ORLY, ROST, SIRI, TSCO, WFM

Moving Above 30 DMA = 8

AAPL, ATVI, CHKP, FISV, INTU, MAR, PAYX, SIAL

Moving Below 30 DMA = 2

BIIB, SRCL                                                                                            

Staying Below 30 DMA

DTV, EQIX, AKAM, ALXN, CHTR, CMCSA, CSCO, GOOG, LMCA,SBUX, VOD, VRTX, ADBE, MDLZ, VRSK, EXPD, PCAR, MU, MYL, ADSK, AMZN, HSIC, KLAC, LINTA, AVGO, DISH, ILMN, QCOM, TRIP, ALTR, GMCR, KRFT, LLTC, NXPI, TXN, VIAB, XLNX, AMAT, LBTYA, VIP, SNDK, MAT, ADI, GRMN, FAST, MXIM,

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral