Eight of nine sectors moved lower on Monday. XLV,
XLI, and XLP were the strongest sectors.
Breadth
strengthened as
decliners led advancers 1.25 to 1 on the NYSE and 1.34 to 1 on the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 1,335 1,052
Decliners 1,678 1,417
SPY moved down 17 cents to 135.32 on 102.7 million
shares, closing above its 30 DMA
for the ninth consecutive day. The
SPX moved down -12.90 at 1,354.68.
The
Market Forecast green line is in the upper reversal zone.
AAPL
up +8.01 at 613.89, a higher close than Thursday, on 13.5 million shares...
FB
up 44 cents at 32.17 on volume of 17.7
million shares...
GRPN
+0.35, +4.15%…
AA reported after the close with revenues higher than expected starting
earnings season. JPM and WFC will report on Friday.
Chart Patterns
Daily
Bull Flags Setups: URE, HSY, ALGN, COF, COST, ESRX,
EBAY, MTW, GOOG, ADP, UCO, GE, AMZN, FISV, CRUS, DE, DIS, POT, QQQ, DIA, SPY, MOS, IWM, COP, ALXN,
FAS, VRSN, INTU, MLNX,C, TFM, VMI, VECO, X, PCLN, VMED, NVDA, LLTC, SHW, APOL,
CSTR, ZAGG, MU, AKAM, AVGO, CIEN, JDSU, SHLD
Flag Bounce: SPG, FMC, TSLA, ULTA
Breakout
Continuation: NFLX, GMCR, AAPL, LNG, CL, KMB, LEN,
Breakout
Setup: AKS,
MNST, EXPE, GOLD, ALTR, GLW,
At
Support: ALTR, MCP, CTXS, ADSK, F, MCHP, AMAT, VMW,
Break
of Support:
MRVL, KLAC, CROX
Technical Commentary:
The
SPY, DIA and IWM formed a new low day in their bull flag pattern on relatively
light volume suggesting buyers on the bid side.
QQQ formed an inside day. AAPL and NFLX gained
while ROST pulled back slightly.
Many
stocks formed bull flag setups. Stay with the trend and
watch for a potential bounce entry on Tuesday or Wednesday.
Monday Highlights:
SPY
closes down -17 cents
The
Euro moved up 25 pips, closed at 1.2312
TNX
-0.31
VIX
gained +0.88 at
17.98
XLF down -2 cents at 14.45
31 of 100 NDX stocks closed higher on Monday…
Leading NDX 100 stocks included STX, PNRA, SIRI, NFLX, AAPL, AMGN,
INFY, MYL GILD, CERN
Lagging NDX stocks included RIMM, CHKP, SHLD, AKAM, GMCR, AVGO, APOL,
MU, FLSR, ADBE
Leading stocks > +2% on Monday included GRPN, UCO
Losing stocks < -2.0% included PCX, ANR, LDK, CROX, MCP,
LNKD, SWI, TSL, CIEN, RVBD, SOHU, JDSU, CRM, CSTR, ZAGG, JNPR, RCL, NTES
Stocks to Watch on Tuesday
Holding
Above 30 DMA = 30
CIEN,
ICE, GES, CSTR, DLR, HLF, URE, LNKD,
MOS, V, UAL, CHL, ESI, DE, FAS, RCL,
STI, ZION, AKS, X, ANF, ATI, FCX, GS, SLB,
VECO, ZAGG, TSLA, TLT, WDC
Moving Above 30 DMA = 1
UCO
Moving Below 30 DMA = 7
BAC, CREE, JDSU, LDK, MCP, PCX, SMH
Staying
Below 30 DMA
CLF, CRM, CROX, CRUS, DHR, GLW, IBM, INFA, NTES,
SWI, SWKS, TSL,
A, C, CDE, SOHU, SWK, TBT, HUM, CMG, SINA, F, RVBD,
GRPN, FAZ, NKE, LDK, VMW, TIF, ANR,
JNPR, LVS, TPX, COH
Four
Week Intermediate Term Market Trend:
Up
Short Term
Market Trend: Down
No comments:
Post a Comment