Breadth strengthened on Monday as advancers led decliners …7.53 to 1 on the NYSE and 3.72 to 1 on the NASDAQ…
SPY up $2.76 at 139.13...volume 151.4 million shares
VIX -1.17 at 15.24…
TNX +0.37 at 16.11…
TNX +0.37 at 16.11…
TLT down 71 cents at 125.66…
XLF up 29 cents at 15.57…volume 52.2 million shares
XLF up 29 cents at 15.57…volume 52.2 million shares
AAPL up 38.05
at 565.73…volume 29.4 million shares …
FB down 64 cents at`22.92…volume 85 million shares…
__________________
Technical
Commentary:
Chart
Signals' ES price target in Friday’s post was 1,386. On Monday the ES rose to 1,385.75 before
pulling back to close at 1,381.
The SPY gapped open and traded within 22 cents
of our 139.37 target forming a gap large white candle. The
VIX moved down and did confirm the
SPY move up.
Stocks bounced and moved higher with a
broad and strong rally. GMCR, CRUS, DECK,
YELP, AAPL, ANF, ANR, JRCC and X were among the largest gainers.
The Euro up 82
pips at 1.2812 resumed bounce
after Friday’s pause. TNX, interest
rates rose and TLT, bonds moved down 71 cents and confirmed its shooting star
candle.
XLF was up 29 cents and confirmed its hammer at IT support.
SPY – confirmed hammer,
CT rally bounce
AAPL – confirmed
long tailed hammer, gap large white candle CT rally bounce
FB – pulled back to
Friday’s S1, near ST resistance, BO setup
FAS – confirmed hammer,
bounce at IT support
EXPE - flag bounce
pause
STX – spinning top,
higher high and low, IT support
VIAB – gap white
candle, DBO
RIMM – Horizontal BO
SWK – gap white
candle bounce
URI – confirmed bullish
harami, DBO setup
CRUS – confirmed hammer,
gap white candle bounce
YELP – confirmed
inverted hammer, large white candle
F – confirmed hammer,
flag bounce
XRT – confirmed hammer
at IT support, bounce and horizontal BO
BO = breakout, DBO = diagonal breakout, CT = counter-trend, IT =
intermediate term
The Market Forecast Green Line is pointed
up in the lower reversal zone.
____________________
Chart Targets:
SPY = 139.37, 140.39 short-term resistance
ES = 1,386, 1,393 short-term resistance
ES = 1,386, 1,393 short-term resistance
EUR/USD = 1.2876, 1.3020 short-term resistance
Short-term support at
1.2659 = Euro
1.2659 = Euro
134.70 = SPY
73.26 = SPXL
1,342.50 = ES
2,513 = NQ
1,342.50 = ES
2,513 = NQ
Setups:
Bull Flag: QCOM, RCL, AOL, TXN, EXPD, JOE, ROVI, CIEN, JDSU, HNT, CELG, CHRW
Bull Flag: QCOM, RCL, AOL, TXN, EXPD, JOE, ROVI, CIEN, JDSU, HNT, CELG, CHRW
Diagonal Setup: MCO
Confirmed MACD Divergence: DIA, QQQ,
GOOG, CTSH, IBM
Moves:
Gap Up: TSN, AAPL,
SPY,
Gap Down:
Bounce: ISIL,
AGQ, HCA, F, CREE, LLTC, TER, NTAP, WHR, SBUX, VAR, PCLN, AAN, DDS, WDC, BTU, AVY,
PCAR, INGR, SMH, SPY, DIA, QQQ, GOOG, CTSH, IBM, IWM, THC, LNKD, GILD, ISRG, WDC, V, VMED, DV, VMW, CHL, CERN,
SIRO, BKD, FLO
Pause: FB, EXPE, TRIP, ADSK,
FL, SHLD, PENN
____________________
90 of 100 NDX
stocks closed higher on Monday…
Leading NDX 100 stocks included: GMCR,
AAPL, NUAN, EA, GOLD, FLEX, RIMM, DLTR, SPLS, MRVL
Lagging NDX stocks included: VRSN, AKAM, INTU, MNST, ADSK, SNDK, VIDU, SRCL, KLAC, STX
Leading stocks > +2% on Monday included: CRUS, DECK, YELP, MCP, SINA, ANF, ANR, X, FAS, A, CROX, UCO, RVBD, SWKS, GRPN, BAC, FCX, NKE, COH, STI, CDE, SWK, SLB, URI, TSL, GES, LDK, MOS, TSLA, HLF, C, F, CREEE, CMG, LVS, AKS, LNKD, TIF, JDSU, HUM NTES, GS, CRM, RCL, V
Lagging stocks < -2.0% included: FAZ, ZAGG, FB
Stocks to
Watch on Tuesday…
Holding Above 30 DMA = 19
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, CSCO, NTAP, EXPE, GMCR, ISRG, VMED
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, CSCO, NTAP, EXPE, GMCR, ISRG, VMED
Moving Above
30 DMA = 10
ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, SYMC, TXN,
XLNX
Moving Below 30 DMA = 0
Staying Below 30 DMA
DELL, LRCX, CHRW, MU, SIRI, KLAC,
LINTA, SHLD, SRCL, FLEX, STX, WYNN, ADBE, AVGO, CMCSA, INTU, MAT, NWSA, SYMC, ADSK,
AKAM, AMAT, AMGN, COST, EBAY, FISV, GOLD, LIFE, MCHP, MSFT, NVDA, ORCL, PAYX,
PNRA, SNDK, WFM, FOSL, ADP, FAST, INTC, BIDU, CTSH, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN,
VRSN, BIIB, GOOG, MYL, APOL, INFY, ORLY, VRTX,
AMZN, BMC, FFIV, GRMN, VOD, WCRX, DLTR, DTV, NUAN, AAPL, BRCM, CA, CTXS, SYMC, ALTR,
BBBY, KLAC, ROST, MRVL, KRFT
Six Week
Intermediate Term Market Trend: Down
Short Term Market Trend: Up
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