The NDX gained 0.83% on the strength of AAPL, AMZN,
BIDU, GOOG, PCLN and NFLX while the SPX, INDU and RUT were near unchanged.
XLF Financials was down 8 cents as bonds TLT moved higher.
Seven of nine sectors moved higher for the on Monday. XLK,
XLY, and XLV were the strongest sectors.
Breadth
weakened as
advancers led decliners 1.43 to 1 on
the NYSE and 1.01 to 1 on
the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 1,775 1,275
Decliners 1,233 1,253
SPY moved up 26 cents on 131.2 million shares closing above its 30 DMA
and horizontal resistance from May 29.
The SPX gained +1.94 at
1,344.78 holding above resistance at 1,335.
The
Market Forecast green line is pointed up.
AAPL
was up 11.65 at 585.78 on 15.7
million shares...
FB
gained $1.36 at 31.41 on increased volume of 43 million shares...
GRPN
+1.09, +10.83%…
C
Pattern Continuation: FAS, AKAM, MSFT, V, TSLA, A, CTXS,
SWKS, AVGO, AAPL, CSTR, INTU, SIAL,
SRCL, FISV
C
Pattern Pullback:
C
Pattern Reversal:
C
Pattern Entry: SWI, SBUX, CMG, ISRG, VMI, ORLY, PIR, HIBB, ODFL,
C
Pattern Setup: DKS, QCOM, DHR, GOOG, SHLD VMW, ZAGG, CRM, SAVE, DXPE, FMC
Breakout: CRUS, URE, AVGO, CSTR, QQQ,
PNRA
Breakout
Continuation: COST, VRSN, ROST, MNST, DLTR, WFM, MCHP, SPY, DIA, ICE, FAS,
Breakout
Setup: GOLD,
C, EXPD, ALXN, IWM, VECO, LVS
Bounce:
TFM, JDSU, INFA, AAPL, VMED, RVBD, VECO, BIDU, PNRA, NFLX, CROX
Daily/Weekly
Bull Flags: F, MCP, SOHU
MACD
Histogram Bullish Divergence Confirmed: ALTR, TPX, MRVL
Technical Commentary:
The
Euro gapped higher Sunday evening after the positive results in the Greek
elections and
then sold off on Monday. The
VIX collapsed as fear just left the market. XLF and SPY paused after breaking out
of short term resistance. Breakout price
target on XLF is 14.80 and SPY 136.64. The TNX moved lower while TLT bonds moved
higher.
Monday Highlights:
SPY
closes up 26 cents
The
Euro moved down 61 pips, closed at 1.2575
TNX
-0.03
VIX
collapsed -2.79, below 25 at 18.32
XLF closed -8 cents at 14.26
78 of 100 NDX stocks closed higher on Monday…
Leading NDX 100stocks included EBAY, GMCR, MRVL, CERN, VMED,
FSLR, SBUX, VRSN, ISRG, ORLY
Lagging NDX stocks included FOSL, RIMM, CHKP, ORCL, SIRI, INFY, ESRX,
CTSH, NUAN, FISV
Leading stocks > +2% on Monday included PCX, GRPN, TSLA,
CRUS, FB, SINA, JDSU, SWI, UAL, CSTR, LNKD, CMG, HLF
Losing stocks < -2.0% included ANR, X, TPX, AKS, C, GS,
GES, ATI
Stocks to Watch on Tuesday
Holding
Above 30 DMA = 30
TLT,
CRUS, SWKS, CIEN, ICE, CDE, GES, CSTR, HUM, BAC, DLR, C, FCX, GLW, HLF, NTES, URE, A, FAS, IBM, LNKD, MOS, RCL, RVBD, SLB, SMH,
SWI, TSL, TSLA, V
Moving Above 30 DMA = 6
CMG, GRPN, IFNA, JDSU, SINA, STI
Moving Below 30 DMA = 0
Staying
Below 30 DMA
FAZ, F, DECK, NKE, UAL, VECO, DHR, ZAGG, CRM, LDK, CHL, CREE, WDC, ANF, ATI, DE,
VMW, ESI, TIF, UCO, AKS, ANR, JNPR, X, SOHU, CROX, LVS, PCX, CLF, MCP, SWK,
TPX, ZION, TBT, GS, COH
Five Week Intermediate Term Market Trend: Neutral
Four Day Short
Term Market Trend: Up
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