Monday, December 28, 2015

Stocks Under Pressure With Monday Morning Selloff...Lead By XLE...Oil Falls Below $37...

Two of nine sectors moved higher on MondayXLY, XLU and XLF were the strongest sectors while XLE was the weakest sector

Breadth weakened as decliners led advancers 1.58 to 1 on the NYSE and 1.67 to 1 on the NASDAQ.

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


SPY down .47 at 205.21 on 65.7 million shares
VIX up 1.17 at 16.91…
TNX down .18 at 22.25…
TLT up .36 at 122.19…on 7.5 million shares
XLF down .02 at 23.99…on 13.5 million shares

AAPL down 1.21 at 106.82 on 26.6 million shares
FB up .91 at 105.93 on 13 million shares

Technical Commentary:
IWM -0.46%, SPY -0.23%, DIA -0.14%, QQQ -0.05%.

Oil moved down -1.43 on Monday leading energy sector stocks lower including: CNX, CHK, MRO, ESV, KMI, RIG, HP, DO, BHI, MUR, EOG, NBL, HES, DVN, APC, COP, PXD, COG, XEC, HAL and NFX.

AMZN and GOOGL rallied on Monday as did CSRA, NDAQ, NWL, DIS, PSA and ORLY.

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 49. 

Short-term Chart Targets:
SPY =...207.25
QQQ = 112.69, 114.13…
IWM = 114.94, 115.56…
                   
Support Levels
SPY = 201.55
QQQ = 111.05
IWM = 111.44

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Setups
Horizontal Breakout: STX, GOOGL, AMZN, MYL, PAY, RCL, W, AMZN, ALB, CREE, CYBR, DPS, INTC, KR, L, LULU, LVS, MAT, NDAQ, DAL
Diagonal Breakout: FAS, LNKD, SCHW, SVXY, VRSN, CMCSA, AVGO, NXPI, ETFC
Bull Flag: SPY, PYPL, AA, ATVI, CCL, FINL, SCTY, GOGO, JASO, KWEB, RUN, SEDG, SOHU, JD, LRCX, BXLT, CA, DRI, EL, FIVE
Potential Bullish Divergence: UPS, NFLX
At Support: JUNO, MFRM

Moves
New Highs:  
H Breakout: CSRA, ANET
Bull Flag Bounce: AMZN, NDAQ, PSA, APLE
MACD Divergence Bounce: NKE, DIS,
Bounce: W, AMZN, FB
Gap Down: IWM, AA, BABA, SLCA, YNDX, AAPL, YHOO
Support Break: PANW, BIDU,

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31 of 100 NDX stocks closed higher on Monday.

55 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 4
AMZN, FB, INTU, SBAC  

Moving Below 30 DMA = 4
COST, PCAR, SIRI, VRTX

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

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