All nine sectors moved lower on Monday. XLI, XLU, and XLF were
the strongest sectors.
Breadth
weakened as
decliners led advancers 3.24 to 1 on the NYSE and 3.77 to 1 on the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 712 525
Decliners 2,307 1,982
SPY moved down 1.26 to 135.09 on 145.1 million shares, closing
above its 30 DMA for the nineteenth consecutive day. The SPX moved up -12.14 at
1,350.52.
The
Market Forecast green line is in the upper
reversal zone.
AAPL
down -47 cents at 603.83 on 17.4
million shares, reports earnings AMC Tuesday...
FB
down -1 cent at 28.75 on volume of 12.4 million shares, reports earnings on Thursday AMC...
FIVE
+28 cents at 27.55 on .233 million
shares…
KYAK -1.63, -4.91% at 31.55 on
.779 million share
Chart Patterns
Daily
Bull Flags Setups: SWKS, MOS, VMI, LLTC, HSY, MLNX, POT, FMC,
WFC, HIBB, COP, SPY, DIS, DIA, QQQ, URE, V, ESRX, ROST, KMB, SAVE, UCO, COF
Flag
Bounce Continuation: GE, ZAGG, PCLN,
Breakout
Continuation: GOOG, EBAY
Breakout
Setup: AVGO,
ALGN, SHW, COST, AMZN, EXPE, NFLX, GOLD, VMED, CL, FISV, VMW, MTW, ADSK, CRM,
CRUS, KLAC, CTXS, MCHP
At
Support: SPG,
ADP, MU, DE, VRSN, TSLA, MCD, MSFT, ALXN, FAS, C, LNG, LEN, DKS, VECO, X,
AKS, AKAM, TFM, ODFL, SWI, INFA, GLW, GMCR, CSTR, A, AMAT, F
Break
of Support:
GOLD, MCP, SBUX, MNST, SHLD, CMG, ULTA, APOL
Bear
Flag:
JDSU, MRVL,
Earnings of Interest Week July 23 - 27
Monday:
BIDU, HAL,
MCD, STLD, TXN, VMW, ZION
Tuesday:
AKS, ALTR,
AAPL, T, BIIB, BRCM, CHRW, DD, JNPR, LLTC, LMT, NFLX, NSC, PCAR, PNRA, BTU,
RVBD, SAVE, SPG, TPX, VMI, WHR, VMED,
Wednesday:
AEM, AKAM,
BA, BMY, CAT, CTXS, CLF, COP, GLW, CROX, DAL, DLR, LLY, DAVE, F, HES, LRCX,
LVS, ORLY, SWI, LCC, V, WDC, WFM, ZNGA, ALXN, TSLA
Thursday:
MMM, ALK,
AMZN, AMGN, CA, CELG, CERN, CSTR, CL, DECK, EXPE, XOM, FB, GILD, INFA, KMB,
KLAC, MXIM, NTGR, POT, RCL, SBUX, UAL, UTX, VECO, HSY
Friday:
Technical Commentary:
SPY,
DIA and QQQ pulled back for a second straight forming a potential ascending
triangle after reaching horizontal resistance on Thursday. Strength going into the close suggests
potential bounce on Tuesday. Look for a
potential move above the high of the low day on Tuesday.
The
Euro led
interest rates and financial stocks lower. The VIX rose but remains relatively low, gold
remains stable and neither suggests high levels of fear.
Look for earnings
reactions to continue this week after MCD, ETN, HAL, BIDU and VMW released earnings on
Monday. A large number of companies
releasing earnings including AAPL on Tuesday.
Monday Highlights:
SPY
closes down -1.38
The
Euro moved down -40 pips, closed at 1.2115
TNX
-0.25 at 14.35 a new
closing low
VIX
gained +2.35 at
18.62
XLF
down -12 cents at
14.26
11 of 100 NDX stocks closed higher on Monday…
Leading NDX 100 stocks included SNDK, MNST, PCAR, NVDA, RIMM,
BBBY, GOOG, EXPD, VMED, FAST
Lagging NDX stocks included NUAN, ISRG, AKAM, FSLR, CTXS, MU, SHLD,
CHKP, VRTX, BIDU
Leading stocks > +2% on Monday included ANR, FAZ
Losing stocks < -2.0% included MCP, UCO, DECK, LDK, CROX,
JDSU, AKS, SOHU, RVBD, LVS, ATI, CLF, SWKS, TSLA, CREE, CMG, FCX, CDE, CRM,
VECO, TSL, JNPR, STI, CIEN, FAS, A, SWK, INFA, C, ANF
Stocks to Watch on Tuesday
Holding
Above 30 DMA = 17
HLF, URE, MOS, V, CHL, ANF, SLB, TLT, WDC, LNKD,
UCO, TPX, SWK, TIF, VMW, SWKS, ZAGG
Moving Above 30 DMA = 1
FAZ
Moving Below 30 DMA = 6
ATI, CRM, FCX, IBM, STI, TSLA
Staying
Below 30 DMA
CIEN, CMG, COH, CREE, CRUS, DECK, ESI, FAS, GES, GS,
ICE, JNPR, RCL, RVBD, SMH, X, ZION, DHR, DLR, BAC, C, DE, UAL, FB, VECO, AKS,
CSTR, JDSU, LDK, MCP, CLF, CROX, GLW, INFA, NTES, SWI, TSL, A, CDE, SOHU, TBT,
HUM, SINA, F, GRPN, NKE, ANR, LVS
Six
Week Intermediate Term Market Trend:
Up
Short Term
Market Trend: Down
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