.
All nine sectors moved higher on Monday, XLV, XLY and XLF were the strongest sectors.
All nine sectors moved higher on Monday, XLV, XLY and XLF were the strongest sectors.
Breadth strengthened as advancers led decliners 3.14 to 1 on the NYSE and 3.21 to 1 on the NASDAQ.
Exchange NYSE NASDAQ
Advancers 2,306 1,952
Decliners 734 607
Monday’s trading was a strong support bounce continuation trend move. Ninety four of the NDX 100 rose led by AAPL +10.93, +1.83% which closed at $606.98 on 21.2 million shares.
The SPY moved up $1.96 on volume of 119.1 million shares. Thursday night's SPY Apr 141 paper trade filled on Friday at $1.31 at 11:30:20, closed on Monday at $2.37, +1.06 or +80.9%. Not bad for a person with no leaping ability!
Money Flow
Euro +89 pips 1.3355
TNX +0.07 22.44
TLT -0.58 112.63
XLF +0.24 15.97
SPX +19.40 1,416.51
VIX -0.56 14.26
RUT +1.94%
COMPQ +1.78%
NDX +1.81%
SPX +1.39%
INDU +1.23%
Money Flow on Monday the Euro, SPX and XLF moved higher. TNX moved slightly higher and bonds TLT moved lower. The VIX moved lower and did confirm the SPX move on Monday.
Our Friday comment was right on…“Going into next week, if the Euro continues to move higher, we will look for strength in financials XLF and SPX to follow through with the support bounce that started on Friday.”
The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18
(click image to enlarge)
Continuation: CLF, A, PCLN, SBUX
Flag Move: RCL, BRCM, ZION, STI, CREE, GLW, CMG, TPX, HLF, LVS, CSTR, INFA, SWI, DOW, COH, SWK, VECO, DHR, URE, SMH, POT, SOHU, CROX, JDSU, WYN,
Breakout Move: SWI, SMH, BIDU, BAC, FAS, VMW, V, DLR, GS, ROST, KLAC, ISRG, AMZN, GOOG, BIIB, WYNN, CTXS, QCOM, CELG, ORLY, CHKP, ADSK
(click image to enlarge)
Flag Setups: AKS, X, SWKS, NGLS, TIF, ANF, C, TBT, CIEN, SHLD
Breakout Setups: GLW, CROX, JDSU, BRCM, CSTR, POT, SOHU, HLF, LVS, INFA, DOW, COH, DHR, CF, ZAGG, PNRA, NTAP, AKAM, FOSL, CERN, AAPL, WYNN, FFIV, GRMN, ADBE
Leading stocks > +2% on Monday included TSLA, SWI, FAS, CROX, CSTR, KKD, SOHU, ESI, JDSU, RCL, POT,LDK, GRPN, GLW, INFA, DECK, COH, HUM, DE, TPX, SNDK, LVS, UNP, CRM, CMG, RVBD, UAL, NDAQ, FFIV
Losing stocks < -2.0% included TSL, SINA, FAZ
NDX 100 stocks stronger than the NDX included BIDU, AMZN, BIIB, EXPE, CTXS, WCRX, ADSK, AKAM, ROST and QCOM.
Stocks weaker than the NDX include GMCR, MU, VRTX, SHLD, SIRI, STX and MRVL.
Eight NDX stocks ALTR, AKAM, ESRX, FLEX, INTU, LLTC, MYL and WCRX closed above the 30 DMA and one MU moved below making 80 NDX stocks above their 30 DMA.
Stocks to Watch on Tuesday
Holding Above 30 DMA = 56
CMG, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, ICE, TIF, DLR, SNDK, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, ARUN, DOW, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, CF, POT, SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, MOS, UCO
Moving Above 30 DMA = 7
DE, HUM, NKE, RVBD, TSLA, UAL, UNP
Moving Below 30 DMA = 1
AKS
Staying Below 30 DMA
SINA, F, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, WLT, FCX, GRPN, ANR, PCX
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
5 comments:
Dave:
Thanks again for all the posts and updates.
You are very much appreciated.
Robert
CANI_212
Dave
Thanks as always for your consistent efforts sharing your knowledge.
Can you please share your methodology for generating the "Stocks to Watch" you publish in your blog.
1. Do you use a search?
2. Do you visually search a watchlist? If yes, how do you manage that watchlist?
Watchlist management and finding the right stocks to watch for a trade is taking a large part of my trading time. I would like to streamline this. Any thoughts you might share would be very helpful to me.
Best Regards
Mike
Thanks Dave for this excellent blog today. Complete not only with setups but.....even charts of the setups. The only thing better would be if you were to come over and pull the trigger. (in your spare time...)
I've also had a long standing question.
You go through a lot of trouble to list stocks to watch, and strongest stocks, and stocks staying above 30 etc. Is there a big difference in these? You take such time to list all these separately that I'm wondering just how to use them for what you're suggesting. With any of them I always look for signals....but what is the advantage and best ways to take advantage of all that information that takes such a while for you to list each day? Thank you.
Dave, Many thanks for your amazing daily output for us, it really makes a big difference in our trading. I have had the same thought as Scott, as to how to use the information on the stocks above 30 day etc. I'm thinking it may be there for the stocks classes, 1 green arrow etc. But no matter, I have all I need with the Bull Flag and breakout trades each day, Muchas Gracias Compadre!
John Reed
Mike,
I second your request for Dave's watchlist that he uses in his daily posts. One thing we know is that his watchlist includes the Nasdaq 100 stocks. Those can be found by scrolling to the bottom at http://www.nasdaq.com/markets/indices/nasdaq-100.aspx However, I'd also like a list of all the others myself. If anyone (DAVE!!) has a complete list please post them here or just message them to me on Facebook.
Thanks!!
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