None of the sectors moved higher on Monday… XLU, XLI and XLP were the strongest
sectors. XLK was the weakest sector.
Breadth weakened as decliners led advancers…3.69 to 1 on the NYSE and 3.28 to 1 on the NASDAQ…
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – strengthened, advancers led
Wednesday – weakened, decliners led
Tuesday – strengthened, advancers led
BBRY new symbol for RIMM.
While the chart
continues in an uptrend today may have been the first day of the potential
pullback we have been prepared for.
SPY down 1.71 at 151.24...volume 159 million
shares…
VIX up 1.77 at 14.67…
TNX down .37 at 19.73…
TLT up 1.48 at 117.02…
XLF down .20 at 17.41…volume 49.9 million shares
AAPL down -11.30 at 442.32…volume 17 million shares…
FB down -1.62 at`28.94…on volume of92.3 million
shares…
Look for stocks that
have reported good earnings and are in an uptrend.
Earnings to Watch this
Week:
Monday – BIDU, XRAY, GILD, HUM, LIFE, RCL, SOHU, SWI
Tuesday – ADP, CME, CMG,
EXPE, FISV, HCA, K, PNRA, SIRI, VMED, DIS, ZNGA
Wednesday – AKAM BMCR, LF, NTES, NWSA, NUS, ORLY, PRU, TSO, TWX, V, YELP
Thursday – CTSH, CSTR, HAS, LNKD, MCHP, NUAN, OPEN, PCAR, PM, RVBD, SIAL,
Friday – AOL, CBOE, MCO
Positive earnings
reactions HUM, SWI
Negative earnings
reactions BIDU, RCL, SOHU
__________________
Technical Commentary:
The SPY closed below the
low of the high day after a one day bounce and is now neutral for the last nine
days. QQQ - 1.74%, SPY - 1.13%, IWM - 1.21%, DIA - 0.84%, moved lower as AAPL shares moved
down -11.30 forming a black candle. FB moved down -1.62.
The Euro closed below
the low of the high day and was down 139 pips to close at 1.3512 forming the first day of a bull flag
pattern.
Trade what you see on the
chart of your position. Stay with the uptrend according to your rules. If the
stock begins to rollover protect your profits.
Many traders may have exited short term trades with profits on
Monday. So look potential re-entry.
Disk storage stocks WDC
and STX were mixed.
Coal stocks ANR, ACI, CNX, BTU, WLT,
and JRCC moved lower on Monday.
The Market
Forecast Green Line is in the upper reversal zone.
____________________
Setups
Breakout: DECK,
GME, GMCR, JNPR, CERN, C, FFIV, TEX, SHLD, LVLT, RSH, ATML, NUAN, STRZA
Diagonal Breakout: ZNGA, SWK, BAC, LSI, MGM, STI, SBAC, ESI,
Bull Flag: PCLN, MON, CRM, NIHD,
XRX, DE, CHK, QCOM, CTXS, PBI, WMS, MJN, TIF, UNG,
PMCS, MTW, PRGO, LVS, CRR, ATI, COST, ADI, AVX, SWKS, FTNT, TSCO, VIAB, ZION,
FAST, FIVE, GS, MOS, SINA, HES, LIFE
Gap Up: APKT, BRO, DECK,
Gap Down: BIDU,
Moves
Gap Up:
Gap Down: GCI, GES, TIF,
Breakout: CLB, GME, JDSU, CLF,
Bounce: BBRY, NFLX, HRV,
DECK, GME, DNDN, RMD, BPOP,
____________________
5 of 100 NDX stocks
closed higher on Monday…
Leading NDX 100 stocks included: GOLD, MAT,
PRGO, STX, KLAC
Lagging NDX stocks included: FB, LIFE, EXPE,
AVGO, ORCL, CELF, ALXN, EBAY, DELL, AAPL, SHLD, GILD, VMED, VIAB
Leading stocks> +2% on Monday included: NFLX, HUM, DECK, CDE, FAZ, RVBD
Lagging stocks < -2.0% included: GRPN,
SOHU, FB, SINA, GES, TIF, CRUS, RCL, FAS, ATI, SWKS, UCO, LVS, TBT, COH, A VECO
Stocks to Watch on Tuesday…
Holding Above 30 DMA = 77
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, SIAL, ADSK, DELL, FFIV,
ORCL, COST, NWSA, DISCA, AMAT, CTSH, FOSL, KLAC, VIAB, NUAN, STX, LBTYA, WDC, CHKP,
FAST, MCHP, SNDK, EQIX, STRZA, CHRW, SIRI, BIDU, VRSK, ADP, EBAY, EXPE, LINTA,
MU, SRCL, SYMC, WYNN, CA, CELG, GILD,
HSIC, LIFE, PCLN, MDLZ, CTRX, ROST,
SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, AKAM,
CTXS, QCOM, ADBE, PRGO
Moving Above 30 DMA =1
GOLD
Moving Below 30 DMA = 14
ALXN, AMGN, BMC, CMCSA,
ESRX, FISV, INTC, NVDA, VRTX, YHOO, FB, INTU, DLTR, AMZN
Staying Below 30 DMA
DTV, SBAC, BRCM, ALTR, REGN, GRMN, MNST, AAPL
Eleven Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Neutral
