Monday, December 21, 2015

Stocks Bounce...Rally Into The Close...AVGO & CIEN Upgraded...

Four sectors moved higher on MondayXLP, XLF and XLV were the strongest sectors while XLU was the weakest sector

Breadth strengthened as advancers led decliners 1.93 to 1 on the NYSE and 1.58 to 1 on the NASDAQ.

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


SPY up 1.65 at 201.67 on 98.8 million shares
VIX down 2.00 at 18.70…
TNX down .02 at 21.97…
TLT down .03 at 123.20…on 7.4 million shares
XLF up .23 at 23.53…on 41.2 million shares

AAPL up 1.30 at 107.33 on 47.5 million shares
FB up .74 at 104.78 on 16.1 million shares

Technical Commentary:
QQQ +1.22%, SPY +0.82%, IWM +0.75%, DIA +0.73%.



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 36. 

Short-term Chart Targets:
SPY =...202.93
QQQ = 111.88
IWM = 112.89…
                   
Support Levels
SPY = 198.77
QQQ = 109.05
IWM = 110.28

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Setups
Horizontal Breakout: AA, MPEL, RCL, SEDG, TSL, ILMN, TSLA,
Diagonal Breakout: AIG, BABA, GLW, NKE, ORLY,
Bull Flag: ADBE, AMZN, TRIP
At Support: JUNO, MFRM, NFLX

Moves
H Breakout: SPWR,  
D Breakout: JASO, SPWR (long term),
Bull Flag Bounce: CRUS, CSIQ, DAL, FSLR, AVGO, LRCX, MSFT, MYL,  
MACD Divergence Bounce: AAPL, LLTC, SBUX, TXN, XLNX,   
Bounce: IWM, QQQ, SPY, C, FAS, GOGO, MS, QRVO, SVXY, V, ADSK, BIDU, COST, FB, GILD, MNST, NVDA, ROST, SWKS,
Gap Up: CCL
Support Break: ETFC, JNPR, TPX,

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

38 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 16
ADBE, AMAT, AMGN, CERN, ESRX, EXPE, GOOG, INTC, KLAC, LRCX, MDLZ, MSFT, NCLH, NXPI, PYPL, WBA

Moving Below 30 DMA = 0



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

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