Two of nine sectors
moved higher on Monday…XLE, XLU and XLV were the strongest sectors and XLI was the weakest.
Breadth weakened as
decliners led advancers…3.49 to 1 on the NYSE and 3.53 to 1 on the NASDAQ.
Monday – weakened, decliners led
Friday – weakened, decliners
led
Thursday – Thanksgiving
Holiday
Wednesday – strengthened,
advancers led
Tuesday – weakened, mixed
SPY down 1.44 at 205.76 on 103.7 million shares, above average volume
VIX up .96 at 14.29…
TNX up .24 at 22.18…
TLT down .71 at 121.50...
XLF down .17 at 24.23 on 27.2 million shares
AAPL down 3.86 at 115.07 on 83.6 million shares, above average volume
FB down 2.60 at 75.10…on 31.6 million shares
Technical Commentary:
DIA -.28%, SPY
- 0.69%, QQQ – 1.13%, IWM
-1.56%.
Crude light oil gained +3.16, +4.78% and lifted the sector XLE
led by CVX, COP, XOM, QEP, DO, DVN and
MUR. USO +.73, +2.87% also gained.
Interest rates opened
lower and closed higher for the day with TNX
22.18, +0.24, +1.09%.
GLD +4.47, +3.99% bounced and made a horizontal breakout through short-term
resistance with a Chart target of 119.97.
Reports of an AAPL -3.86, -3.25% mini-flash
crash around 9:49 am ET, was attributed to high-frequency traders that provide
much of the liquidity to the market, pulling bids once a pull-back ensued. The SPY
and other index ETFs sold off at the same time and stayed range bound for the
balance of Monday and ended near lows.
MFRM -1.72, -2.47% in after-hours on
improved sales and earnings.
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 = 207.33, 209.06, 210.49...
QQQ = 106.94…
IWM = 118.25, 119.37,
121.27…
Support Levels
SPY = 205.71, 203.13, 201.90...
QQQ = 102.42, 101.38, 100.56…
IWM = 115.04, 114.37,
113.35...
Earnings this week: AMBA, AVGO, KKD, MFRM
Q3 Earnings Reaction
Positive Reactions –
ADI, HPQ, PANW, QIHU, ADSK, JASO, ROST, SPLK, GOGO, RAX, NTES,
XONE, YOKU, VJET, 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% - GOGO, RAX, WFM, GPRO,
GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,
Negative Reactions – GME,
CRM, JD, MBLY, SINA, YY, 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% - GME, CSIQ, FSLR,
UBNT, ZU, AEM, P, TPX,
Reversal in progress – GOGO, P, PCLN, TPX, KO,
Reversal of Initial
Reaction – AMZN, FEYE, SWKS, Z, ADBE, ALTR, ALTR, AXP, AZO, BA, BAC, BTU, CHRW, CMG,
COF, COH, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, GRMN, INTC, JNJ,
JNPR, JPM, KEY, KKD, KO, KRFT, LMT, LUV, MAT, MDC, MRK, NDAQ, PNRA, UA, VMW, WFC,
XRX,
The SPY Market Forecast is at 96.
___________________
Setups
Horizontal Breakout:
Diagonal Breakout:
Bull Flag: AA, AIG, ATI,
BX, GLW, HPQ, JASO, JNPR, FFIV, SNDK,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CTRP, ETFC, FEYE, GME, IWM, LNKD, SCSS, SCTY, STI, TSL,
TWTR, X, YELP, YY, ANR, ESI, BIDU, GOOG, NFLX, TSLA, YHOO,
C- Pattern:
Moves
New Highs: ESRX,
H Breakout: GLD,
D Breakout: MSFT,
Breakout Test:
Bull Flag Bounce:
Bounce: TBT,
MACD Divergence Bounce:
Gap Up:
Gap Down: SPY, FAS, NTAP,
C- Pattern:
Bear Flag:
Support Break: BABA, BAC, CAR, CREE, FSLR, JD, LOCO, MBLY, MTW, SCHW, SPWR,
SSYS, UBNT, VRSN, YNDX, SINA, WYNN,
______________________
17 of 100 NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: MSFT, FOXA, SYMC, PCAR, AMGN, VRSK, ESRX, SRCL
Lagging NDX stocks included: TSLA, AMZN, FB, TRIP, BIDU, YHOO, AAPL, MAT,
EXPD, DISH, LBTYA, ATVI
Leading stocks > +2% on Monday:
GLD, KKD
Lagging stocks < -2.0% included:
WLT, XONE, CMGE, CSIQ, SPWR, AMBA, SCTY,
SFUN, QIHU, TSL, X, JD, FSLR, TWTR, JCP, YY
Stocks to Watch on Tuesday
Holding Above 30 DMA= 86
ROST, CHRW, GRMN, MYL,
SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN,
BBBY, CELG, ESRX, FISV, 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, AMAT,
LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM, CTRX, DISH, EQIX, SIRI,
ADI, ALTR, CSCO, DTV, EBAY, EXPE, FAST, INTC, LLTC, MXIM, SNDK, FOXA, PCLN,
SIAL, AMZN, CMCSA, CHTR, VIAB, ATVI, CTXS, DISCA,
Moving Above 30 DMA = 1
VRSK
Moving Below 30 DMA = 0
BIDU, FB, GOOG, MAT,
QCOM, TSLA
Staying Below 30 DMA
VIP, GMCR, WYNN, BIIB, GILD, TRIP, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
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