Tuesday, October 13, 2015

Stocks Slip Moderately...Today's Trading Saw Narrow Trading Range...

All sectors moved lower on Tuesday…XLU, XLU, XLB were the strongest sectors while XLV was the weakest sector.

Breadth weakened as decliners led advancers 2.61 to 1 on the NYSE and 2.66 to 1 on the NASDAQ.

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


SPY down 1.34 at 200.18 on 81.1 million shares, below average volume
VIX up 1.50 at 17.67…
TNX down .35 at 20.55…
TLT up .21 at 123.42…on 6 million shares
XLF down .13 at 23.13…on 32.6 million shares

AAPL up .19 at 111.79 on 31.9 million shares
FB down .14 at 94.12 on 19 million shares

Technical Commentary:
IWM -1.37%, SPY -0.66%, QQQ -0.65%, DIA -0.31%.

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, 199.99
QQQ = 105.61, 106.93
IWM = 113.92…

Support Levels
SPY = 190.56, 189.12...
QQQ = 102.27, 101.34
IWM = 106.99...


The SPX Market Forecast is pointed up at 92.

__________________


Setups
Horizontal Breakout: EXPE, LVS, RCL, TSL, UA, V, YOKU, ANGI, BABA, DGLY, YNDX, AMZN, ESRX, FB, PCLN, ROST,
Diagonal Breakout: FIT, PYPL, SOHU, DAVE, BIDU, EA, WBA,
Bull Flag: SPY, AA, CYBR, LC, QIHU, SCTY, TASR, TPX, CAR, JASO, TWTR, Z, AKAM, COST, GMCR, INTC, MAR, MSFT, MU, NFLX, SNDK, WDC, WFM, XLNX,
Potential Bullish Divergence: 
Gap Up
Gap Down: 
Bear Flag:  
At Support: PANW,   
C- Pattern

Moves
New Highs: CRM,    
H Breakout: GOOGL,
D Breakout:
Bull Flag Bounce:     
MACD Divergence Bounce:  
Bounce: CTRP, PLAY, VXX, TSLA,
Gap Up:   
Gap Down: JBLU,
C- Pattern:    
Bear Flag:  
Support Break: ETSY,    


______________________

Watch List Stocks
Leading stocks > +2% on Tuesday: VXX, SWI, PLAY, YNDX, XONE, SLCA
           
Lagging stocks < -2.0% included: JBLU, ETSY, SVXY, SEDG, SUM, JUNO, QIHU, SWKS, SFUN, TPX, SCTY, TASR, ESI, OCN, KNDI, UPL, CIEN, DDD, EMC, GLNG, SPLK, GLW, MFRM, GOGO

19 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: TSLA, BIDU, ADSK, ATVI, GOOG, MU, LBTYA, DLTR, CHTR, ESRX

Lagging NDX stocks included: JD, MNST, ALXN, AVGO, REGN, AMGN, BMRN, MYL, VRTX, NFLX

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


Moving Below 30 DMA = 9
AKAM, AMAT, CELG, CHKP, MNST, ADI, REGN, TRIP, TSCO


6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral

1 comment:

TraderBobb said...

Dave
Thanks
Robert
CANI_212