Stocks End Trading Session About Even...S&P 500 And DJIA Eke Out Another Record High...For Fifth Straight Day...Just Barely...RAX Racks Up The Gains...RAX Up 13.21%...

Five out of nine sectors moved higher on Tuesday…XLV, XLB and XLY were the strongest sectors while XLU was the weakest.

 

Breadth weakened on the NYSE where advancers led decliners…1.06 to 1 and 1.13 to 1 on the NASDAQ where decliners led advancers.

Tuesday – mixed, mixed

Monday – strengthened, advancers led

Friday – mixed, mixed

Thursday – mixed, advancers led

Wednesday – strengthened, advancers led

SPY up .11 at 204.09 on 54.3 million shares, below average volume

VIX up .25 at 12.92…

TNX up .01 at 23.60…

TLT down .05 at 118.60...

XLF down .06 at 24.22 on 38.7 million shares

AAPL up .94 at 109.77 on 27.4 million shares, below average volume

FB down .41 at 74.59…on 18.7 million shares, below average volume

Technical Commentary:

IWM + 0.03%, DIA + 0.04%, SPY + 0.05%, QQQ + 0.24%.

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 99.

___________________

Setups

Horizontal Breakout: BAC, CSIQ, IBM, MS, NTES, RCL, SPLK, STI, Z, CREE, AKAM, CELG, EXPE, MAR,

Diagonal Breakout: ATI, BX, FEYE, LVS, MBLY, GOOG,  

Bull Flag: BBY, GME, ANR, DTV, MNST,  

Potential Bullish Divergence:

Gap Up:  

Gap Down: 

Bear Flag:  

At Support: ANGI, VJET,

C- Pattern: 

Moves

New Highs: SPY, DAL, SCSS, AAPL, BIDU,

H Breakout: RAX, ZNGA,  

D Breakout: AMZN, TSLA,   

Breakout Test: 

Bull Flag Bounce:   

Bounce: YELP, PCLN, WYNN,

MACD Divergence Bounce: 

Gap Up: RAX,   

Gap Down: LOCO,  

C- Pattern:  

Bear Flag:  

Support Break:

______________________

39 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: VOD, PCLN, TSLA, REEGN, AMZN, EQIX, LBTYA, WYNN, ISRG

Lagging NDX stocks included: TRIP, MAT, ATVI, VRSK, NFLX, DISCA, NVDA

Leading stocks > +2% on Tuesday: RAX, YELP, LVS, DGLY, Z, ZNGA, KNDI

Lagging stocks < -2.0% included: X, LOCO, ANGI, BABA, SPWR, QIHU, SSYS, MFRM, WLT, JNDP, ESI, DDD

Stocks to Watch on Wednesday

Holding Above 30 DMA= 89

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, PCLN, SIAL

Moving Above 30 DMA = 2

 AMZN, GOOG                                PCLN, SIAL                                                                                

Moving Below 30 DMA = 0

                                                                                       

Staying Below 30 DMA

CHTR, CMCSA, QCOM, VIP, GOOG, WYNN, TRIP, DISCA, FB, NFLX, VIAB, AMZN

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up