Setups to Watch for Tuesday
The intermediate and long-term trends are still up.
AMD, RJF and ARE replaced URBN, FTR and FSLR in the S&P 500 before the open today Monday March 20. The change is occurred because S&P has raised the market cap guide for inclusion in the SPX to $6.1 billion from $5.3 billion.
QQQ +0.13%, DIA -0.02%, SPY -0.12%, IWM -0.43%,
Up Trend: XLI, XLY, XLK, XLP, XLU, XLV
Sideways: XLB, XLF, XLRE
Down Trend: XLE
Breadth weakened as decliners led 1,738 to 1,234 on the NYSE and led 1,758 to 1,127 on the NASDAQ.
Monday – weakened, decliners led, +4
Friday – strengthened, advancers led, +6
Thursday – weakened, advancers led, +3
Wednesday – strengthened, advancers led, +9 sectors
Tuesday – weakened, decliners led, +0
SPY down .26 at 236.77 on 50.7 million shares, 32% below average volume, 1.033118 dividend on Friday, March 17
VIX up .06 at 11.34
TLT up .57 at 119.21…on 5.4 million shares 37% below average volume
Oil futures were down .35 to close at 48.91 on Monday.
The SPY MFC green line is in the upper zone at 82.8, bullish.
6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Neutral
SPX and NDX Highlights
SPX down 5 points at 2,373.
SPX gainers AMD, NVDA, CAT, BHI, IFF, NEM, EQIX, ILMN, IP, MU COG, ALK, TIF, NKE, NRG, WRK, JCI, WYNN, CCI, WFM, UAA, AAPL, UAL, PLD, PPG, RHT, XRX, MON, PM, DIS, TSN, DLR, OKE, RRC, HCN, MHK, AMAT
QQQ closes up .12 at 131.81.
NDX percentage leaders: AAPL, AMZN, NVDA, INTC, CELG, ILMN, KHC, MU, MSFT and AMGN
43 of 100 NDX stocks closed higher on Monday.
71 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 8
GILD, LVNTA, MAT, ROST, SHPG, VIAB, WBA, WDC
Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: QQQ
BA, MCD, UNH,
AVGO, NXPI, NTAP, MYL, NTES, ADBE, ADSK, EA, MNST, QCOM, SWKS, SYMC, TSLA, TXN, HOLX, INCY, ADBE, SWKS,
One Day Pullback: EXPE, FB,
Bull Flag Bounces include: NTES, (1)
Horizontal Breakout Setups include: DIS, MAR, DD, YHOO, AMD, NVDA, TSLA, AMZN, NTES, NFLX, ATVI, SODA, CC, XLP, MGM, GDXJ, PAYX, ADI, PG, UPS, RCL, JD, WUBA, NCLH, QCOM, CTRP, CL, SRCL, WB, AMBA, BHI, DE, NUE, TMUS, CAT, PCAR, GD,
(click image to enlarge)
Horizontal Breakouts include: MMM, QQQ, XLK, MU, SHOP,
New Highs include: SOXL, AMAT, LRCX, KLAC, NKE, FB, SYMC, CLX, ULTA, MMM, BABA, NRG CCL, GOOGL, TXN, ATVI, MXIM, WIX, PCLN,
Tuesday – GIS, LEN, FDX, NKE
Wednesday – CTAS,
Thursday – ACN, PVH, CAG, MU
2016 Q4 EPS (since Mar 7)
EPS Positive Reactions
TIF, ADBE, ORCL, ULTA, SIG, HRB
EPS Negative Reactions
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