Stocks Bounce Moderately...S&P 500 Breaks Five Day Losing Streak To End In Positive Territory...DJIA Also Advances...

Five sectors moved higher on Tuesday…XLV, XLI, XLB were the strongest sectors while XLK was the weakest sector.

Breadth strengthened as decliners led advancers 1.65 to 1 on the NYSE and 1.66 to 1 on the NASDAQ.

Tuesday – strengthened, decliners led

Monday – weakened, decliners led

Friday – mixed, decliners led

Thursday – mixed, decliners led

Wednesday – strengthened, decliners led

SPY up .11 at 188.12 on 158.2 million shares

VIX down .80 at 26.83…

TNX down .41 at 2054…

TLT up .35 at 123.97…on 9 million shares

XLF up .04 at 22.32…on 39.4 million shares

AAPL down 3.38 at 109.06 on 73.2 million shares

FB down 2.54 at 86.67 on 42.2 million shares

Technical Commentary:

QQQ  -0.52%, IWM -0.71%, SPY +0.06%, DIA +0.28%.

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 =...197.68…

QQQ = 105.61, 106.93…

IWM = 115.70, 116.42…

Support Levels

SPY = 190.56, 189.74...

QQQ = 102.27, 101.34…

IWM = 110.93, 109.11...

The SPX Market Forecast is pointed down at 19.

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Setups

Horizontal Breakout:

Diagonal Breakout:  

Bull Flag: CRUS, CYBR, FIT, JBLU, NKE, RPD, SBUX, TSLA,

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: BX, FSLR, MS, PYPL, RCL, SWKS, UA, DDD, FEYE, IBM, KKD, SPWR, SSYS, TAN, YELP, YY, ADSK, AMZN, GOOGL, NTAP, QCOM, ROST,

C- Pattern: 

Moves

New Highs: 

H Breakout: SFUN,

D Breakout:  

Bull Flag Bounce: NTES,   

MACD Divergence Bounce: BABA, UPL,

Bounce: BBY, CTRP, HOG, JBL, MBLY, P, SCTY, SEDG, UBNT, V, VRSN, YOKU, AXTA, GOGO, HABT, YNDX, BIDU, CELG, ESRX, GILD, ILMN, INTC, LRCX, TXN, WDC, WFM,

Gap Up: 

Gap Down: VJET,

C- Pattern:    

Bear Flag:  

Support Break: IWM, LVS, GIMO, VSLR, AAPL,

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Watch List Stocks

Leading stocks > +2% on Tuesday: SEDG, UBNT, YOKU, NTES, TSL, TSL, P, MBLY, SFUN, GOGO, UPL, YNDX, ESI, HABT, LOCO, LC, X, GLW, AXTA,

                                                       

Lagging stocks < -2.0% included: UA, LVS, W, PYPL, CYBR, SUM, PANW, SUNE, BX, FL, SONC, RUN, NCLH, EXPE, FIT, JCP, QIHU, NKE, GIMO, SSYS, VJET, DDD, VSLR, BBRY, RAX, ZNGA, XONE, DGLY, KNDI, UNG UAL MFRM, ANGI, SHAK, SLCA

47 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: BIDU, FOXA, YHOO, CERN, MU, BIIB, LRCS, NVDA, WFM, INTC

Lagging NDX stocks included: DISCA, DLTR, SYMC, AAPL, FB, CHTR, MAT, VIP, MYL, BMRM

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 17

ADP, AMZN, AVGO, BRCM, CHKP, CHRW, CTXS, FISV, MSFT, XLNX, FB, TSLA, GMCR, EA, LVNTA, JD, SWKS

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down