AAPL, NFLX, Euro Rallies, BTU Coals Jump Again, XLF, SPY Form Hammer...

Four of nine sectors moved up on Monday…XLK, XLB and XLV were the strongest sectors.

Breadth strengthened on Monday as decliners led advancers…1.05 to 1 on the NYSE and 1.02 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     1,440        1,220
Decliners       1,524        1,234

SPY up 2 cents at 143.41...volume 125.4 million shares

VIX -0.44 at 16.62…
TNX +0.30 at 17.98…
TLT down 78 cents at 121.74…
XLF unchanged at 16.11…volume 61.4 million shares

AAPL up +24.19 at 634.03…volume 19.5 million shares …

FB up 32 cents at`19.32… volume 32.4 million shares…

 

Technical Commentary:
The Euro rallied 48 pips on Monday as did interest rates, XLF and SPY rallied from their low to flat for the day …bonds TLT moved lower…Coal stocks BTU jumped following better than expected earnings… JRCC, ANR, WLT, and CNX pulled back.

Many stocks found support, bounced and formed hammer candles.

 With the SPY in a sideways trend, at support and forming a hammer...take support bounce ttrades according to your rules if a signal appears.

Earnings continue to flow on Tuesday, Wednesday and Thursday.

 

Earnings Watch:

Positive Reactions – BTU, YHOO, CAT, RVBD, SNDK, WCC, EBAY, MAN, COF, RHI, LRCX, STT, MAT, ISRG, GS, C, PII, DPZ,
Negative Reactions – WDC, STI, GOOG, IBM, APOL, CHKP, INTC, INFY, CHKP, AXP, XLNX, MSFT, CMG, MS, FLEX, AMD, ETFC, PH, APD, ALGN, MLNX,

Monday – LVS, ZION, TXN

Tuesday – FB, NFLX, AMGN, ALTR, BRCM, CHRW, PNRA, PCAR, SIAL, VMED, JNPR, RF, VMW
Wednesday –AKAM, FFIV, ALXN, GLW, BMC, ORLY, SRCL, SYMC, ATI, CLF, ACOM
Thursday –AAPL, AMZN, BIDU, CERN, CTXS, ESRX, EXPE, FSLR, GILD, WYNN, BIIB, CA, CELG, EA, KLAC, MXIM, MYL, VRSN, VRTX, XRAY, PHM, RCL, SWI, INFA, ESI
Friday - CMCSA

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
143.09, 142.33 = SPY
1,424, 1,414.50, 1,400 = ES
2,650, 2,610 = NQ

 

Setups:
Bull Flag: C, DE, NTES, LVS, FAS, RCL, CLF, CRUS, DECK, DISCA, ATI, AKS, GLW, V, MA, TIF, JNPR, AMGN, BRCM, CHRW, CMCSA, DTV, FAST, FISV, FOSL, EBAY, LINTA, LRCX, NFLX, NWSA, SHLD, SIAL, SRCL, WFM, WYNN, TIF

Resistance BO Setup: BIDU, GMCR, CNX, ACI, WLT, X,, CTRP,  

At Support: GILD, QCOM, FLEX, AVGO, JDSU, BBBY, COST, CSCO, ESRX, FFIV, GOOG MXIM, MYL, ORCL, ORLY, PAYX, PCLN, STX, SYMC, VRSN, IBM, ADSK, AKAM, EXPE, LIFE, LLTC

Hammer: IBM, ADBE, AVGO, BIIB, CA, COST, CSCO, CTXS, DTV, EXPD, FLEX, GILD, GOOG, INTU, MU, ORCL, QCOM, RIMM, VRSN, VRTX, F, FAS, XLF, ICE, LVS, MOS, NTES, RCL, SLB, SPY, TIF, TPX, TSL, TSLA, URE, ZION

Moves:

Gap Up: RVBD, MAN, COF, RHI, CYN
Gap Down: CMG, MRVL, ETFC, PH, APD

Support BO: AMZN, CERN, MNST, MSFT, ALXN, BIIB, CA, CELG, SBUX, NVDA, LULU, PNRA, VRTX

Resistance BO: ISRG, ADBE

 

Bounce: BTU, JRCC, ANR, NFLX, ANR, LDK, CDE, TSL, AAPL, CRUS, X, ISRG, KLAC, CTSH, GOLD, LRCX, CHL, SWKS, PCAR, PCLN, SHLD, C, FB, HLF, HUM, NTES, UAL,

 

55 OF 100 NDX stock closed higher on Monday…

Leading NDX 100 stocks included: NFLX, AAPL, KLAC, ISRG, GOLD, PCAR, BMC, ADSK, SPLS, CTSH

Lagging NDX stocks included: MNST, ALXN, AMZN, ROST, MSFT, CERN, CHRW, MRVL, SNDK, XRAY

Leading stocks > +2% on Monday included: LDK, ANR, CDE, TSL, CRUS, X, CHL, SWKS

Lagging stocks < -2.0% included: STI, COH, UCO, GRPN, CMG, INFA, VECO, NKE, SWI

Stocks to Watch on Tuesday…

Holding Above 30 DMA
VMED, VIAB, CHRW, CMCSA, WYNN, LINTA, RIMM, SIRI, INTU, NFLX, SHLD, FISV, AMGN, BIDU, ISRG, ADBE, FOSL, LRCX, MAT, NWSA, SRCL, EBAY

Moving Above 30 DMA = 5

CTSH, FAST, GOLD, PCAR, SIAL

Moving Below 30 DMA = 2
GILD, YHOO

Staying Below 30 DMA

ADP, ALXN, CELG, EA, ESRX, MNST, MXIM, PNRA, TXN, VRSN, WFM, XRAY, BIIB, FLEX, GOOG, LIFE, MYL, SNDK,AKAM, CHKP, ORCL, APOL, INFY, ORLY, VRTX, CERN, COST, SPLS, AMZN, BMC, EXPE, FFIV, GRMN, HSIC, LLTC, PCLN, VOD, WCRX, ADSK, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, MSFT, NTAP, PAYX, XLNX, CTXS, GMCR, SYMC, CSCO, MU, ALTR, BBBY, EXPD, AMAT, KLAC, MCHP, AVGO, ROST, STX, NVDA, DELL, INTC, MRVL, KRFT

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Neutral