All nine sectors moved
higher on Monday…XLK, XLU and XLI were the strongest sectors and XLP
was the weakest.
Breadth strengthened as decliners led advancers 2.43
to 1 on the NYSE and 2.14 to 1 on the NASDAQ.
Monday – strengthened, advancers led
Friday - weakened,
decliners led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday - mixed
SPY up 1.90 at 209.85 on 88.4 million shares, 16% below average volume
VIX down .59 at 13.30…
TNX up .45 at 18.95…
TLT down 1.16 at 130.29…
XLF up .10 at 24.23 on 15.2 million shares, 46% below average volume
AAPL up 2.85 at 127.60 on 46.9 million shares, 2% above average volume
FB up 2.32 at 83.09…on 28.6 million shares, 22% above average volume
Technical Commentary:
QQQ +1.50%,
DIA +1.17%%, SPY +0.91%, IWM +0.98%.
SPY closed below 208.61 short-term
support.
QQQ closed below 106.82 short-term
support.
IWM closed above
its 123.77 short-term support.
The SPX
bounce is led by HAS, CSX, NRG, AMZN, HAR, DISCA, IBM, AAL, MSFT, UA, STX FE
and FB.
This week more than 150 SPX companies will report 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 = 210.33, 210.70,
211.40...
QQQ = 108.38, 109.17…
IWM = 125.55, 127.13…
Support Levels
SPY = 207.01, 205.39...
QQQ = 105.55, 104.50…
IWM = 123.77, 122.90...
Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 – JNJ, JPM, FAST, WFC, INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS,
C, AMD, AXP, CE, MAT, NOW
Earnings Week of April 20 – CHKP, HAL, HAS, MS, RCL, STI, IBM, LRCX, ZION, ATI, BHI, DD, HOG, LMT, PCAR, TRV, UA, VZ, AMGN, BRCM, CMG, ISRG, URI, UTX, YHOO, YUM,
ABT, BA, EMC, KO, MCD, CTXS, EBAY, ETFC, FB, FFIV, ORLY, QCOM, T, TSCO, TXN,
XLNX, ABBV, ALXN, BAX, CAM, CAT, DHR, DOW,
DPS, FCX, HP, HSY, LLY, LUV, MMM, MO, NDAQ, PEP, PG, SIAL, SWK, UNP, WHR, ALTR,
AMZN, GOOGL, HBI, JNPR, KLAC, MSFT, SBUX, SRCL, SWN, AAL, BIIB, STT
Q1 Earnings Reaction
Positive Reactions – HAS, CHKP, HAL, MS, STI, NFLX, CE, MAT, C, DAL,
FAST, INTC, JPM, LLTC, STZ, WBA, KMX, DGLY, CTRP, JUNO,
KBH, MFRM, NKE,
More than 10% - HAS, NFLX, CE, DGLY, CTRP, JUNO,
Negative Reactions – RCL, AXP, BAC, GS, JNJ, SNDK, AA, BBBY, MU,
GME, YOKU, XONE,
More than -10% - NOW, AMD, YOKU,
Reversal in progress –
AA, GS,
Reversal of Initial
Reaction – GME, MU, YOKU, XONE
The SPX Market Forecast is
pointed up
at 76.
___________________
Setups
Horizontal Breakout: DDD,
Diagonal Breakout: AMBA,
PANW, SINA,
Bull Flag: IWM, SPY, AIG, BBRY, C, CCL, CMGE, CSIQ,
CTRP, GME, GOGO, GPRO, JASO, JD, MBLY, NTES, QIHU, RAX, SCTY, SLCA, SOHU, SUNE,
TWTR, UPL, X, YELP, YOKU, ADSK, ESRX, GILD, INTC, MU, NTAP, PCLN, TSLA,
Potential Bullish
Divergence: BBY, ROST
Gap Up: LRCX
At Support: BABA, CRM, SWKS, V, TRIP,
C- Pattern:
Moves
New Highs:
H Breakout: VSLR, CIEN,
LOCO, WDC, STX
Bull Flag Bounce: DDD,
EXPE, FEYE, LNKD,
Bounce: IWM, SPY, NKE,
WYNN,
MACD Divergence Bounce:
MAR
Gap Up: HAS
Gap Down: RCL
Support Break: JUNO
______________________
85 of 100
NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: CHKP, AMZN, DISCA, AAL, MSFT, STX, FB, WYNN,
MAR, ALXN
Lagging NDX stocks included: MYL, ALTR, CHTR, WFM, TSLA, NFLX, GILD, NVDA,
VIP, LBTYA
Leading stocks > +2% on Monday:
VSLR, VJET, LOCO, FEYE, IBM, XONE, DDD, UA, MFRM, SCSS, PANW, AMBA, QIHU, DAL,
SPLK
Lagging stocks < -2.0% included: JUNO, RCL, YOKU, UNG, UPL, VXX
Stocks to Watch on Tuesday
Holding Above 30 DMA = 41
WBA, LVNTA,
SIAL, KRFT, ORLY, ADI, ALTR, VRSK, XLNX, CTRX, ESRX, ISRG, MDLZ, VIP, CTXS,
DISCA, TSLA, MYL, AMGN, CMCSA, DTV, NFLX, PCLN, SBUX, VRTX, YHOO, GILD, PCAR,
VIAB, ALXN, STX, TSCO, VOD, MAT, AKAM, CSCO, ILMN, INTC, MU, WDC, SYMC
Moving Above 30 DMA = 17
AAPL, ADSK, AMZN, ATVI, BIDU,
CHKP, EA, FB, HSIC, LLTC, MNST, MSFT,
REGN, SBAC, SIRI, TXN, WYNN,
Moving Below 30 DMA = 0
Staying Below 30 DMA
BIIB, BRCM, CERN, CHTR, CTSH, NTAP, NVDA, NXPI, SPLS, SRCL, FAST, FISV,
INTU, LMCA, DLTR,
ADBE, ADP, BBBY, CA, COST, AVGO, AAL, EXPD, ROST, PAYX, GOOG, CELG, CHRW, EBAY,
FOXA, MAR, SNDK, TRIP, KLAC, LBTYA, AMAT, GMCR, QCOM, DISH, LRCX, WFM, GRMN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Neutral
