Monday, October 26, 2015

SPX End Lower...Energy Stocks Finish Weaker...Making New Highs Today MSFT. FB, RCL, VRSN, PCLN, & SBUX...


Two sectors moved higher on MondayXLY, XLV and XLP were the strongest sectors while XLE was the weakest sector.

Breadth weakened on the NYSE as decliners led advancers 1.65 to 1 on the NYSE and 1.61 to 1 on the NASDAQ.

Monday – weakened, decliners led
Friday – weakened on the NYSE, advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, mixed


SPY down .51 at 207 on 68.4 million shares
VIX up .83 at 15.29…
TNX up .25 at 20.58…
TLT down .82 at 124.02…on 5.8 million shares
XLF down .10 at 24.04…on 19.8 million shares

AAPL down 3.80 at 115.28 on 66.2 million shares
FB up 1.58 at 103.77 on 25.9 million shares

Technical Commentary:
QQQ +0.06%, DIA -0.20%, SPY -0.25%, IWM -0.68%.

QQQ/NDX end slightly higher on strength in MSFT, AMZN, FB, GOOG, PCLN, BIDU, AMGN, CELG, GILD, REGN, TSLA and SBUX.  FB new all-time closing high at 103.77.

AAPL moves lower and drags down semis on Monday, reports EPS after the close on Tuesday.  FOMC starts two-day meeting on Tuesday, announcement on Wednesday at 2 pm ET.


The SPX Market Forecast is at 95.


Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

Earnings this Week:
Monday – BRCM, CHKP, GLW, MGM, PBR, SOHU, SWI
Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,
Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,
Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, SCTY, TPX, VA, WWE
Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX

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Setups
Horizontal Breakout: QQQ, BAC, BX, C, CCL, CRM, ETFC, JUNO, MPEL, NCLH, NTES, SCHW, SFUN, ULTA, CAR, SPWR, TWTR, UAL, CMCSA, EA, LRCX, MAR, YHOO,
Diagonal Breakout: IWM, JBLU, LVS, VXX, ZION, BBRY, CREE, GLUU, LITE, RAX, SHAK, MYL,
Bull Flag: GME, TSL, W, KNDI
At Support: CRUS, DDD, SCSS, WDC, WFM

Moves
New Highs: RCL, VRSN, FB, MSFT, PCLN, SBUX,
H Breakout: CIEN, SOHU, SONC, YNDX, GILD,
D Breakout: PLAY, AKAM, CELG
MACD Divergence Bounce: UA, FEYE, TSLA,  
Bounce: CYBR, EXPE, TPX, FL, YELP, GOOGL, NFLX,
Gap Up: CSIQ, CTRP, TASR, ADSK, BIDU,  
Gap Down: UNG, NTAP
Support Break: AA, HPQ, DGLY, UPL,

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52 of 100 NDX stocks closed higher on Monday.
  
80 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0


Moving Below 30 DMA = 2
BRCM, MU

6-month Intermediate Term Market Trend: Neutral
3-day Short Term Market Trend: Neutral

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