Stocks End Positive...DJIA Gains Over 200+ Points...Investors Keep Eyes On FOMC Set For Wed...Oil At 6 Year Low...Bounce Plays...Making New Highs...AMBA, BBY, ETFC, RAX, STI, SUNE, SWKS, UA, AKAM, ROST....

Eight out of nine sectors moved higher on Monday…XLV, XLU and XLI were the strongest sectors and XLB was the weakest.

 

Breadth strengthened as advancers led decliners 1.83 to 1 on the NYSE and 1.29 to 1 on the NASDAQ.

Monday – strengthened, advancers led

Friday – weakened, decliners led

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

SPY up 2.75 at 208.58 on 135.9 million shares, above average volume

VIX down .39 at 15.61…

TNX up .14 at 20.98…

TLT up 1.22 at 127.94...

XLF up .30 at 24.62 on 32.2 million shares

AAPL up 1.36 at 124.95 on 35.8 million shares, below average volume

FB up .02 at 78.07…on 19.3 million shares, below average volume

Technical Commentary:

IWM + 0.59%, DIA + 1.25%, QQQ + 1.29%, SPY + 1.34%.

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 = 206.26, 208.97...

QQQ = 107.57, 108.94…

IWM = 121.41, 122.92…

Support Levels

SPY = 205.05, 204.13, 203.35, 200.94...

QQQ = 105.73, 104.59, 103.44…

IWM = 120.19, 119.08, 117.97...

Earnings this Week

CTRP, NKE, XONE,

Q4 Earnings Reaction

Positive Reactions – AVGO, CRM, MNST, ROST, ADSK, GOGO, SPWR, ESRX, CMCSA, ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, AMZN, AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB, WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX, SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM

More than 10% - AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – JCP, SPLK, LL, LC, HPQ, SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, QCOM, JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM, ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,

More than -10% - LL, LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – ZNGA, AAL, AXP, BAC, BIDU, CHRW, FFIV, GILD, ISRG, JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX

Reversal of Initial Reaction – AA, ALTR, ATML, C, BAC, IBM, KBH, KSU, MCD, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, QCOM, SFUN, SRCL, SYMC, WYNN, XLNX, STT, TPX, TSLA,WDC, VRTX, WFC, ZION

The SPX Market Forecast is at 54.

___________________

Setups

Horizontal Breakout: IWM, AIG, EXPE, FAS, FSLR, JDSU, JUNO, MFRM, NCLH, VRSN, COST, MAR, SBUX,

Diagonal Breakout: DAL, FEYE, GPRO, UAL, UPL, Z, AAL, AAPL, EA, GILD, MNST,  

Bull Flag: C, CMGE, MS, SCHW, TSL, VSLR, ZION,  

Potential Bullish Divergence:  

Gap Up:          

Gap Down:  

Bear Flag:   

At Support: SCTY, SLCA,  

C- Pattern:  

Moves

New Highs: AMBA, BBY, ETFC, RAX, STI, SUNE, SWKS, UA, AKAM, ROST,

H Breakout: CIEN, GOGO, CCL, AVGO,

D Breakout: ADSK, CELG, LRCX,       

Breakout Test:  

Bull Flag Bounce:  

Bounce: BABA, CREE, CRM, GLW, JNPR, SWI, WLT, ESRX, GOOGL, ILMN, NTAP, QCOM, TSLA, TXN, WFM, XLNX,  

MACD Divergence Bounce: NTES, SOHU, GRMN,  

Gap Up: KNDI,  

Gap Down: NFLX,        

C- Pattern:  

Bear Flag:  

Support Break: DDD, ANR,  

______________________

91 out of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: AMGN, REGN, ILMN, XLNX, AVGO, TSLA, VRTX, ESRX, ISRG,CELG, CHRW, GRMN, MYL, EQIX

Lagging NDX stocks included: NFLX, WYNN

Leading stocks > +2% on Monday: JUNO, SWKS, GOGO, NTES, CIEN, FAS, RAX, GLW, UBNT, CRM, BBY

Lagging stocks < -2.0% included: VSLR, SLCA, YOKU, JASO, DGLY, LOCO

Stocks to Watch on Tuesday

Holding Above 30 DMA = 47

MNST, CTSH, NXPI, SIRI, ATVI, BIIB, DLTR, VRSK, COST, GOOG, EXPD, VIP LBTYA, LMCA, NVDA, ROST, ADBE, CHTR, CMCSA, PAYX, ADI, AKAM, ADSK, AVGO, INTU, MAR, PCLN, LVNTA, TRIP, CHKP, DISCA, EBAY, SRCL, VRTX, CHRW, GMCR,SNDK, EQIX, REGN, MYL, ORLY, CERN, FB, SBUX, TSCO, AAL, AMAT

Moving Above 30 DMA = 14

ADP, ALTR, AMGN, BBBY, BRCM, CELG, FISV, ILMN, ISRG, LLTC, SIAL, TXN, VIAB, XLNX

Moving Below 30 DMA = 0

Staying Below 30 DMA

AMZN,FOXA,SBAC,QCOM,AAPL, ALXN, CSCO, CA, DISH, DTV, EA, LRCX, NTAP, WFM, BIDU,E SRX, GILD, MDLZ, NFLX, WDC, CTXS, PCAR, HSIC, KLAC, MSFT,MU, SPLS, STX, TSLA, CTRX, SYMC, VOD, WYNN, GRMN, KRFT, YHOO, FAST, INTC, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral/Up