Monday, November 23, 2015

Stocks End Slightly Lower...Consolidating...Volume Light...

Four sectors moved higher on MondayXLP, XLE and XLY were the strongest sectors while XLU was the weakest sector.  

SPY down .24 at 209.07 on 64.8 million shares
VIX up .15 at 15.62…
TNX down .12 at 22.50…
TLT up .37 at 120.82…on 5.4 million shares
XLF down .10 at 24.57…on 25.8 million shares

AAPL down 1.55 at 117.75 on 32.4 million shares
FB down .37 at 106.95 on 19.7 million shares

Technical Commentary:
QQQ -0.29%, DIA -0.32%, SPY -0.12%, IWM +0.50%.



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

The SPX MFC green line is pointed up at 71. 

Short-term Chart Targets:
SPY =...210.12
QQQ = 115.47
IWM = 117.36, 118.34…
                   
Support Levels
SPY = 206.28
QQQ = 111.64
IWM = 114.52

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Setups
Horizontal Breakout: SPY, QQQ, AIG, AMBA, CIEN, FAS, GLW, HPQ, JUNO, NKE, PANW, SCHW, SOHU, TPX, ULTA, AXTA, ESI, ATVI, MNST, MSFT, NFLX (long term), NVDA, ROST, SBUX, TRIP,
Diagonal Breakout: AA, CCL, SLCA, UA, EMC, FL, LOCO, RUN, AVGO, EA, GILD, ORLY,
Bull Flag: CRM, CTRP, QRVO, SINA, UBNT
At Support: LC, GLNG, RPD, TWTR

Moves
New Highs: JBL, AMZN,
H Breakout: KWEB, MFRM,
D Breakout: CSIQ, SONC, SCSS,  
Bull Flag Bounce: ADSK
Bounce: RCL
Support Break: TSL, GME,  

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37 of 100 NDX stocks closed higher and one was unchanged on Monday.

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