Seven of nine sectors
moved higher on Monday…XLV, XLF and XLK were the strongest sectors and XLB
was the weakest.
Breadth strengthened as advancers
led decliners 1.31 to
1 on the NYSE and decliners led advancers 1.79 to 1 on the NASDAQ.
Monday – strengthened, advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – mixed,
decliners led
SPY up .66 at 213.10 on 74.5 million shares
VIX up .35 at 12.73…
TNX up .87 at 22.28…
TLT down 2.04 at 119.55…
XLF up .14 at 24.84 on 16.1 million shares
AAPL up 1.42 at 130.19 on 50.8
million shares
FB up.46 at 80.88
on 21.6 million shares
Technical Commentary:
DIA +0.11%,
SPY +0.31%, QQQ +0.44%, IWM +1.13%.
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 = 212.48, 213.91...
QQQ = 109.91, 111.16…
IWM = 123.44, 125.55,
127.13…
Support Levels
SPY = 208.62, 206.76...
QQQ = 107.06, 106.80, 105.55…
IWM = 120.87, 120.24...
Earnings Week of May 11- CTRP, DGLY, VSLR, JCP, JUNO, LOCO, MBLY, NTES, RAX, SINA,
YOKU, KNDI, SSYS, VJET, XONE, YY,
Q1 Earnings Reaction
Positive Reactions – CTRP, MBLY, NTES, SINA,
SUNE, DATA, CYBR, BABA, CSIQ, ZNGA, JD, MCHP, REGN, SPWR, ATVI, CA, EA,
EXPD, CF, FISV, HLF, LC, PRU, SCTY, TSLA, CTSH, DO, HSIC, ICE, MNK, EL,
OCN, MRC, SWKS, TER, EXPE, TASR, AET, AIG, CME, F, FEYE, GILD, LEG, LYV, MDLZ, NXPI, SLCA, TDS, TPX,
UPL, UPS, VRSK, WY, AMZN, MSFT, JNPR, SBUX, GOOGL, CVX, AAL, CTXS, CAM,
EBAY, FFIV, ORLY, SWK, T, ALTR, BAX, BRCM, DOW, EMC, HP, ILMN, KO, MCD, NDAQ,
YUM, ABT, ATI, LRCX, PCAR, ARMH, AMGN, 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% - YOKU, ZBRA, DATA, SUNE, ZU, AOL, HLF, TGI, GPRO,
OCN, MRC, TER, AMZN, MSFT, ATI, HAS, NFLX, CE, DGLY, CTRP,
JUNO,
Negative Reactions – LOCO, JUNO, RAX, JCP, KNDI,
VSLR, VJET, XONE, YY
ALL, APA, APC, AVP, CAR, CERN, CHK, DISCA, DTV, DVA, DDD, EOG, FOSL, FOXA,
FTR, GMCR, GOGO, HCA, K, LBTYA, MNST, MRO, NBL, NSM, NVDA, NWSA, NFX, PXD, SFUN,
WFM, XEC, Z, ZU, LNKD
AAPL, AKAM, ATHN, BIDU, CAH, CELG, CHRW, COH, ESRX, FSLR, GLW, GRMN, LLL,
MAR, PFE, SWI, TWTR, V, VIAB, VLO, WDC, WHR, HBI, BIIB, STT, TXN, XLNX,
MMM, SRCL, SWN, ALXN, CMG, CREE, DHR, FB, FCX, HSY, ISRG, KLAC, PEP, PG, BA,
HOG, TRV, UA, UNP, URI, YHOO, DD, BHI, RCL, AXP, BAC, GS, JNJ, SNDK, AA,
BBBY, MU, GME, YOKU, XONE,
More than -10% - LOCO, JUNO, DGLY, RAX, MNST, FTR, NSM, AVP, LNKD, YELP,
TWTR, X, WYNN, NOW, AMD, YOKU,
Reversal in progress –
AAPL, AXP, DHR, ESRX, GOGO, GRMN, GS, LBTYA, PEP, RCL, VLO, X, YHOO,
Reversal of Initial
Reaction – AA, AKAM,
BAC, BHI, CAR, CELG, DD, DTV, FCX, FOXA, GME, HCA,
JNJ, K, KLAC, MU, STT, SWN, URI, V, WDC, YOKU, XLNX, XONE, ZU
The SPX Market Forecast is pointed up at 83.
___________________
Setups
Horizontal Breakout: MS,
UA, EA, ILMN, SBUX,
Diagonal Breakout: GME,
JD, JNPR (long term), SPWR, CELG, COST, ROST, WDC,
Bull Flag: ATI, IBM, X,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: SPY, AMBA,
BX, NCLH, PANW, SUNE, SWKS, BRCM, DTV, NFLX,
H Breakout: CIEN, SVXY
(long term), SWI, INTC,
D Breakout:
Breakout Test:
Bull Flag Bounce: AIG,
BAC, SCHW, TBT,
Bounce: CYBR, ETFC, STI, Z, CREE, WLT, MU,
MACD Divergence Bounce:
BBY, DDD, LNKD, MFRM, SCSS, SSYS,
Gap Up:
Gap Down: SPLK, YHOO,
C- Pattern:
Bear Flag:
Support Break: AA, JASO, JUNO, SLCA, TASR, XONE,
______________________
66 of 100
NDX stocks closed higher on Monday
and two were unchanged.
Leading stocks > +2% on Monday:
ALTR, DISCA, SYMC
Lagging stocks < -2.0% included: GMCR, MAT
Stocks to Watch on
Tuesday
Moving Above 30 DMA =
11
CA, DISCA, FB, LBTYA, LVNTA, PCLN, ROST, SBAC, SRCL, SYMC,
VRTX
Moving Below 30 DMA = 3
FOXA, MAT, SIRI
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
