SPY, DIA New All-time Closing High, QQQ Bull Flag, After-hours PCLN +53.99, +3.31%

Setups to Watch for Tuesday

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Technical Commentary

SPY, DIA = New all-time High

IWM = Bull Flag bounce

QQQ = Bull Flag pattern

Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE

Sideways:

Down Trend: XLE

Breadth strengthened as advancers led 1,816 to 1,180 on the NYSE and led 1,868 to 1,008 on the NASDAQ.

Monday – strengthened, advancers led, +5 sectors

Friday – strengthened, advancers led on the NYSE, +8

Thursday – weakened, decliners led, +5

Wednesday – weakened, decliners led, +5

Tuesday – strengthened, advancers led, +10

IWM +0.97%, DIA +0.17%, SPY +0.16%, QQQ +0.16%,

SPY up .37 at 237.11 on 56.5 million shares, 21% below average volume,

VIX up .62 at 12.09

TLT down .72 at 121.29…on 11.0 million shares18% above average volume

Oil futures were up .02 to close at 54.04 on Monday.  

The SPY MFC green line is in the upper zone at 97 bullish. 

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 2 points at 2,369.

SPX  gainers ILMN, SWN, REGN, JWN, NOV, VRTX, URI, CELG, RIG, NUE, NVDA, LB, BWA, MLM, VMC, MNK, FTI, MU, MUR, XYL, QRVO, BIIB, BBBY, CAT, DHI, GPS

QQQ closes up 16 cents at 130.42.

   

NDX point leaders: CELG, FB, NVDA, AMZN, AAPL, REGN, BIIB, AVGO, AMGN and ILMN

55 of 100 NDX stocks closed higher on Monday.

86 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 5

BMRN, GILD, ILMN, MU, REGN,

Moving Below 30 DMA = 3

FOXA, MDLZ, MNST,

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: QQQ, XLY,

DD, JPM, PG, IBM,

ADBE, AMAT, CHKP, CTRP, MAR, NCLH, PCAR, TMUS, ULTA, YHOO

SRCL, WIX, SHOP, WB, CC, WFC, RF, HBAN, MS, CLF, X, VALE,

One Day Pullback:  

Bull Flag Bounces include: IWM, FAS, XLI, SOXL, AMD, AXP, GS, AAPL, ADI, AMZN, ATVI, AVGO, EA, FB, GOOGL, SWKS, STX, WDC, BAC, STI, ZION, ETFC, STLD, DE, NUE, (25)

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Horizontal Breakout Setups include: PCLN, MU, LRCX, INTC, FLEX, TXN, DIS, HIG, CSX, TLT, XLB, FAST, ROST, MSFT, MCHP, MXIM, VIAB, BABA, CAT, SODA, RCL, NTAP, LNG, BABA, NVDA,

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Horizontal Breakouts include: AMD, UNH, NTES,  

New Highs include: SPY, DIA, SQ, COST, BA, ADSK, GD, AAPL, EBAY, USB, XLK, XLP, FLEX, KLAC, GLW, MCD, MMM, LUV,

At Support Setups include: NRG, MT, FCX, BHI, CCL, HES, MGM,

Support Bounce: GM, UPS, BABA, NVDA, LNG,

Break of Support: GDXJ

CHK, HAL, CF,

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Earnings

This week:

Monday – PCLN, SBAC

Tuesday – ENDP, QVCA, ROST, TGT, AZO, AMBA

Wednesday – DLTR, MNST, BBY, LOW

Thursday – JD, COST, KR

Friday – BIG

Earnings Reports

After-hours reports

PCLN +53.99, +3.31%

2016 Q4 EPS (since Feb 15)

EPS Positive Reactions

FL, KSS, INTU, JWN, NCLH, CTRP, WMT, HD, HSIC, XRAY, SHPG, NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA,

EPS Negative Reactions

BIDU, BMRN, TSLA, SINA, LB, SLCA, VRSK, DISH, TRIP, ALXN, FOSL, AIG, DVN, KHC,

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