SPY, DIA New All-time High Following Late Rally...QQQ, IWM Bull Flag Pattern...

Setups to Watch for Monday

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Technical Commentary

SPY, DIA = New all-time High

QQQ, IWM = Bull Flag pattern

Retail stocks were 13 of the top 30 SPX gainers on Friday including: FL, JWN, KSS, LB, GPS, BBY, DLTR, TGT, M, URBN, SPLS, ROST, SIG

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

Sideways:

Down Trend: XLE

Breadth strengthened as strengthened led 1,549 to 1,444 on the NYSE and decliners led 1,524 to 1,317 on the NASDAQ.

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

Thursday – weakened, decliners led, +5

Wednesday – weakened, decliners led, +5

Tuesday – strengthened, advancers led, +10

Monday – George Washington’s Birthday

QQQ +0.19%, SPY +0.13%, DIA +0.05%, IWM -0.07%,

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SPY up .30 at 236.74 on 82.3 million shares, 13% above average volume,

VIX down .24 at 11.47

TLT up 1.34 at 122.01…on 11.3 million shares, 22% above average volume

Oil futures were down .34 to close at 54.02 on Friday.  

MU is a MACD bullish divergence setup.

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The SPY MFC green line is pointed up at 97 bullish. 

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

SPX and NDX Highlights

SPX up 3 points at 2,367.

SPX  gainers FL, INTU, JWN, KSS, LB, NWL, STZ, EXC, PEG, GPS, FE, BBY, URI, JBHT, NRG, DLTR, EQIX, TGT, VTR, PAYX M, LUV, ECL, URBN, SPLS, HBI, NEE, ROST

QQQ closes up 25 cents at 130.26.

   

NDX point leaders: INTU, INCY, INTC, CSCO, CMCSA, GILD, COST, MDLZ, PYPL, AAPL, CSX and WBA

74 of 100 NDX stocks closed higher and one was unchanged on Friday.

84 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

ALXN, FAST, FOXA, INTC, ORLY, VRSK

Moving Below 30 DMA = 3

BIDU, BMRN, MU

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: QQQ, IWM, FAS, XLI, XLY, GDXJ, SOXL,

AXP, DD, GS, JPM, PG,

AAPL, ADBE, ADI, AMAT, AMZN, ATVI, AVGO, CHKP, CTRP, EA, FB, GOOGL, MAR, NCLH, PCAR, SWKS, TMUS, ULTA, WDC, YHOO

WIX, SHOP, WB, CC, BAC, WFC, ZION, STI, RF, HBAN, ETFC, STLD, DE, MS, NUE, CLF, X, SRCL,

One Day Pullback:  

Bull Flag Bounces include: SODA, RCL, NRG, NTAP, STX, (4)

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Horizontal Breakout Setups include: TLT, AMD, LRCX, IBM, INTC, FLEX, TXN, DIS, UNH, HIG, CSX, XLB, FAST, PCLN, ROST, MSFT, MCHP, MXIM, MU, VIAB, BABA, CAT,

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Horizontal Breakouts include: NTES,  

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

At Support Setups include: VALE, GM, UPS, MT, FCX, BHI,

Support Bounce: TLT, BABA, NVDA, CCL, HES, LNG, MGM,

Break of Support: 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

Positive earnings reactions

FL +6.43, +9.48%

INTU +7.31, +6.06%

JWN +2.52, +5.74%

KSS +2.08, +5.08%

MELI +7.97, +3.99%

Negative earnings reactions

FOSL -9.47, -5.13%

BMRN -1.78, -1.99%

2016 Q4 EPS (since Feb 6)

EPS Positive Reactions

FL, KSS, INTU, JWN, NCLH, CTRP, WMT, HD, HSIC, XRAY, SHPG, NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions

BIDU, BMRN, TSLA, SINA, LB, SLCA, VRSK, DISH, TRIP, ALXN, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY,

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