All nine sectors moved
higher on Monday…XLE, XLU and XLK were the strongest sectors and XLV was the weakest.
Breadth strengthened as advancers led decliners 2.67
to 1 on the NYSE and 1.19 to 1 on the NASDAQ.
Monday – strengthened, advancers led
Friday - Holiday
Thursday – strengthened,
advancers led
Wednesday – mixed, mixed
Tuesday – weakened,
decliners led
SPY up 1.40 at 207.83 on 114.1 million shares
VIX up .07 at 14.74…
TNX unchanged…
TLT down .73 at 130.00…
XLF up .04 at 24.25 on 15.7 million shares
AAPL up 2.03 at 127.35 on 37.1 million shares
FB up .88 at 82.44…on 19 million shares, below average volume
Technical Commentary:
IWM +
0.44%, SPY + 0.68%, DIA + 0.71%, QQQ + 0.82%.
Oil gained 2.44 on Monday and the SPX was
lead by large gains in a large number of oil & gas stocks including: RIG, ESV, NE, DO, APAP, HP, HES, HAL, NFX, XEC,
CHK, COP, MUR, NOV, MRO, BHI and FTI.
Gains in
MSFT, AMZN, AAPL, FB, TSLA, PCLN and INTC led the 34 point rally
in the NDX.
The DJIA was led by gains in MSFT, MMM,
AAPL, CAT, CVX, KO and BA.
Earnings season unoffically begins Wednesday
with AA earnings after the close.
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 = 208.61, 211.11...
QQQ = 106.82, 109.07…
IWM = 125.94…
Support Levels
SPY = 204.12, 203.49...
QQQ = 104.24…
IWM = 122.90, 121.54...
Q1 Earnings Reaction
Positive Reactions – KMX, DGLY, CTRP,
JUNO, KBH, MFRM, NKE,
More than 10% - DGLY, CTRP, JUNO,
Negative Reactions – MU, YOKU, XONE,
More than -10% - YOKU,
Reversal in progress –
Reversal of Initial
Reaction –
The SPX Market Forecast is
rising up at 40.
___________________
Setups
Horizontal Breakout: IWM,
FAS, FSLR, GOGO, GPRO, QIHU, UPL, MTW, SFUN, TAN, YNDX, COST, DTV,
Diagonal Breakout: ATI,
BBRY, JASO, SPLK, TPX, YELP, XONE, ADSK, AKAM, AMZN, CMCSA, NTAP, SBUX,
Bull Flag: AMBA, ETFC, MFRM, PANW, SCSS, ZNGA, VRSN, ADI, EA, FB
Moves
New Highs: CTRP,
H Breakout: CTRP, JCP,
SCTY, SWI, DDD,
D Breakout: SPY, AA, DAVE, HOG, LVS, TBT, AAPL, PCLN, WYNN
Bull Flag Bounce: JUNO,
TWTR,
Bounce: IBM, RAX, EMC,
KKD, VJET, AVGO, BRCM, GOOGL, LRCX, MAR, MNST, MU, TXN,
MACD Divergence Bounce:
CIEN, CREE, FEYE, LNKD, UBNT, GLW, HPQ, JDSU, GRMN, MSFT, NFLX, STX, TRIP,
Gap Up: TSLA,
Gap Down: DAL, UAL, AAL, BIDU
Support Break: EBAY,
______________________
73 out of 100 NDX stocks closed higher
on Monday.
Leading NDX 100 stocks included: VIP, TSLA, MAT, SNDK, MSFT, NVDA, MU, LRCX,
PCLN, BRCM
Lagging NDX stocks included: ALTR, BIDU, AAL, CELG, YHOO, EA, SPLS, INTU,
GILD, AMAT
Leading stocks > +2% on Monday:
GPRO, BBRY, CTRP, UBNT, ATI
Lagging stocks < -2.0% included: DGLY, Z, VXX
Stocks to Watch on Tuesday
Holding Above 30 DMA = 27
MNST,
NXPI, DLTR, COST, LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, BBBY, EA,
EQIX, VRSK, XLNX, CTRX, ESRX, FISV, ISRG, MDLZ, CHTR, LMCA, SIRI, VIP,
Moving Above 30 DMA = 9
AAPL, AMZN, CA, CTXS, DISCA, DTV, HSIC, SBUX,
TSLA
Moving Below 30 DMA = 4
BIDU, CTSH, INTU, YHOO,
Staying Below 30 DMA
AVGO,
REGN, SPLS, AAL, AKAM, AMGN, BIIB, EXPD, MYL, ROST, ATVI, CHKP,FAST, PAYX,
PCAR, GOOG, ALXN, CELG, CHRW, EBAY, FOXA, MAR, MSFT, SBAC, SNDK, TRIP, TSCO,
TXN, VRTX, BRCM, CMCSA, KLAC, LBTYA, LLTC,NVDA, PCLN, VIAB, ADBE, ADP, GILD,
ILMN, ADSK, AMAT, GMCR, QCOM, CSCO, DISH, LRCX, NTAP, WFM, NFLX, WDC, MU, STX,
SYMC, VOD, WYNN, GRMN, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Neutral/Up
