Seven out of nine
sectors moved higher on Monday…XLV, XLF and XLU were the strongest sectors
while XLE was the
weakest.
Breadth strengthened on the NYSE where
advancers led decliners…1.32 to 1 and 1.60 to 1 on the Nasdaq.
Monday – strengthened, advancers led
Friday – mixed, mixed
Thursday – mixed,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY up .45 at 203.79 on 66.2 million shares, below average volume
VIX down .45 at 12.67…
TNX up .47 at 23.59…
TLT down 1.12 at 118.63...
XLF up .13 at 24.28 on 30.6 million shares, below average volume
AAPL down .24 at 108.77 on 27.1 million shares, below average volume
FB down .76 at 74.84…on 21.5 million shares, below average volume
Technical Commentary:
DIA + 0.10%,
SPY + 0.23%, QQQ + 0.24%, IWM +0.33%.
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 = 204.61, 207.33...
QQQ = 103.37, 106.94…
IWM = 117.48, 119.37, 121.27…
Support Levels
SPY = 201.90, 199.61, 198.06...
QQQ = 100.56, 99.59…
IWM = 115.04, 113.35...
Earnings this week: CTRP, NTAP, DDD, JCP, SINA, VJET, CMGE, CSIQ, GOGO, NTES, RAX, XONE,
YOKU, YY,
Q3 Earnings Reactions
Positive Reactions –
BABA, MNST, WFM, ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE,
FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL,
PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, WHR, 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% - WFM, GPRO, GPRN, LNKD,
BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – SWKS,
FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, AEM, CHRW, COH, FB,
GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, 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% - FSLR,
UBNT, ZU, AEM, P, TPX,
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, ALTR, KKD, MRK, BBRY, MU,
The SPY Market Forecast is at 98.
___________________
Setups
Horizontal Breakout: BAC,
CRM, IBM, PANW, UA, YOKU, CREE, SBUX,
Diagonal Breakout: BX,
TSLA,
Bull Flag: AA,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: SPY, AMBA,
BABA, FAS, MFRM, BIDU, GMCR, ROST, TXN, YHOO,
H Breakout: BBRY,
GOGO, CELG,
D Breakout: BBRY, HPQ, JD, AMZN,
EXPE,
Breakout Test:
Bull Flag Bounce: NTES,
Bounce: CTRP, GRMN,
PCLN,
MACD Divergence Bounce:
Gap Up: BBRY, JD, DDD,
Gap Down: CIEN,
C- Pattern:
Bear Flag:
Support Break:
______________________
69 of 100 NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: BIDU, WFM, ADP, PCLN, BIIB, AMZN, EQIX, GMCR,
ISRG, SPLS, GRMN, MYL
Lagging NDX stocks included: CHTR, CMCSA, MXIM, LTYA, VIP, LMCA, LMCK,
TSCO, SBAC, DISCA, TRIP, FB,
Leading stocks > +2% on Monday:
GOGO, JD, FEYE, CCSI, AMBA, CTRP, YY, QIHU, BBRY, RAX, FSLR
Lagging stocks < -2.0% included:
CIEN, LOCO, GPRO, ATI, X, GME
Stocks to Watch on Tuesday
Holding Above 30 DMA= 87
GMCR, ROST, CHRW, GRMN,
MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO,
VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, GILD, HSIC, ILMN, KRFT, MAR,
PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA,
NVDA, SBAC, SBUX, STX, ADBE, ADSK, KLAC,
LMCA, MDLZ, MSFT, VRSK, AMAT, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC,
AKAM, BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, ATVI, CSCO, DTV, EBAY, EXPE,
FAST, INTC, LLTC, MAT, MXIM, SNDK, FOXA, QCOM, TSLA, CTXS
Moving Above 30 DMA = 2
PCLN, SIAL
Moving Below 30 DMA = 0
CHTR, CMCSA
Staying Below 30 DMA
QCOM, VIP, GOOG, WYNN, TRIP, DISCA, FB, NFLX, VIAB, AMZN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
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