Five out of nine
sectors moved higher on Monday…XLP, XLY and XLF were the strongest sectors
while XLE was the
weakest.
Breadth weakened…decliners
led advancers…1.32 to 1 on the NYSE and 1.15 to 1 on the
NASDAQ.
Monday – weakened, decliners led
Friday – weakened, advancers
led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
SPY down .11 at 196.32 on 81.6 million shares, below average volume
VIX down .07 at 16.04…
TNX down .16 at 22.57…
TLT up .22 at 119.94...
XLF up .03 at 23.13 on 21.9, below average volume
AAPL down .14 at 105.08 on 33.5 million shares, below average volume
FB down .83 at 79.84…on 29.5 million shares, below average volume
Technical Commentary:
SPY – 0.05%,
IWM + 0.12%, QQQ + 0.12%, DIA + 0.17%.
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 Chart Targets:
SPY = 197.62, 199.69, 201.90...
QQQ = 99.30, 100.56…
IWM = 112.15, 114.51…
Support Levels
SPY = 194.27, 191.91...
QQQ = 96.62, 95.40…
IWM = 109.77, 108.87...
Earnings next week:
Monday: AMGN, BIDU,
BWLD, CLF, MTW, MRK, STX, TMUS, TWTR,
Tuesday: AET, AGN, ACI, CHRW, COH,
CNX, GLW, EA, ESRX, FB, FISV, GILD, HCA, LLL, MAR, PCAR, PNRA, PFE, SCHN, SIRI,
SWI, X, VRSK, WDC, WHR,
Wednesday: AEM, CAR, LNG, EQIX,
FFIV, GRMN, GT, HSY, JDSU, KRFT, LVLT, RGR, SLCA, V, WLT,
Thursday: ANR, MO, ABC, COP, EXPE,
GPRO, GRPN, JCI, K, LNKD, MDC, MA, MGM, MOS, MYL, NEM, SWKS, SBUX, TASR, TPX,
TEVA, UPL, WWE,
Friday: CBOE, CLX, WY
Q3 Earnings Reactions
Positive Reactions – AAPL,
ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD,
HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY,
PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, ZION, AMD, C, CSX, DAL, GE,
HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY, BBRY, MU,
NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - N, EW,
TSCO, NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – ALTR,
AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV,
NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ,
JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,
More than -10% - P,
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 65.
___________________
Setups
Horizontal Breakout: AAL,
DAL, FAS, HOG, KKD, MBLY, SPY, STI, TPX, UAL, GLW, CMCSA, GRMN, QCOM,
Diagonal Breakout: BX,
CAR, ETFC, IWM, JDSU, XONE, AKAM, FFIV, WDC,
Bull Flag: NTES, GMCR, MNST,
MYL,
Moves
New Highs: NKE, GILD,
ILMN, YHOO,
H Breakout: KNDI,
Gap Up: MU,
Gap Down: PANW,
Support Break: GPRO,
______________________
54 out of 100 NDX stocks closed higher
on Monday and one was unchanged.
Leading NDX 100 stocks included: MU, GRMN, YHOO, CERN, WFM, GILD, VRTX, ILMN,
MAR, WDC, AMGN, FOXA
Lagging NDX stocks included: TSLA, NFLX, TRIP, EQIX, EXPE, DISH, GMCR, CA
Leading stocks > +2% on Monday:
XONE, UAL, KKD, BABA
Lagging stocks < -3.0% included:
TWTR, GPRO, CMGE, ATI, YY, PANW, AMBA,
YELP, QIHU, LVS, SPWR
Stocks to Watch on Tuesday
Holding Above 30 DMA= 61
SIAL, GMCR, ROST, CHRW,
GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, FB, ORLY,
TSCO, VRTX, XLNX, AAPL,AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT,
MA, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN,
CHKP, CHTR, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC,
LMCA, MDLZ, MSFT, PCLN, VRSK
Moving Above 30 DMA =
5
AMAT, FOXA, LMCK, MU, WFM
Moving Below 30 DMA = 3
BIIB, CTRX, VOD
Staying Below 30 DMA
DTV,
EBAY, FAST, NFLX, CSCO, EXPE, DISH, AVGO, ALTR, CTXS, INTC, NTAP, NXPI, SNDK,
AKAM, GOOG, FFIV, LLTC, MXIM, TRIP, VIAB, EQIX, SIRI, AMZN, ATVI, TSLA, VIP,
DISCA, MAT, ADI, WDC
6-month Intermediate
Term Market Trend: Up/Neutral
3-day Short Term Market
Trend: Up
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