Five of nine
sectors moved higher on Monday… XLB, XLI, and XLV were the strongest sectors.
Breadth strengthened on Monday as advancers led decliners …1.23 to 1 on the NYSE and 1.34 to 1 on the NASDAQ…
SPY up 6 cents at 142.47...volume 98.8 million shares…
VIX up 15 cents at 16.05…
TNX down 11 cents at 16.16…
TNX down 11 cents at 16.16…
TLT up 55 cents at 124.98…
XLF down 4 cents at 15.99…volume 48.1 million shares
XLF down 4 cents at 15.99…volume 48.1 million shares
AAPL down 3.43 at 529.82…volume 22.5
million shares …
FB up 36 cents at`27.84…on volume of 50.6 million
shares…
__________________
Technical
Commentary:
The SPY
formed a spinning top at horizontal resistance above its 30 DMA. The VIX closed slightly
higher and did not confirm the SPY move up today.
This is typical for a near unchanged move in the
SPY.
The ES closed up
3.00 at 1,420.25 as the ES continues above its
1,400 support area …NQ futures closed up 14.75 at 2,652.25 as AAPL held above support again.
Coal stocks ANR, WLT, JRCC, ACI, BTU,
CNX, jumped on Monday…as WDC and STX continued to rise.
The weight of
the evidence continues to suggest the Nov 16 low is likely to hold and Monday’s price action
suggests the SPY bounce is preparing for a potential breakout
following the DIA which continued higher.
The Euro closed up 16 pips
at 1.2940 on Monday staying above its 30 DMA.
TNX, interest rates fell
slightly and TLT, bonds moved up 55 cents. XLF moved up 3 cents to 15.99.
SPY – spinning top,
bull flag at T1, above 30 DMA
AAPL – inverted
hammer, lower close, below 30 DMA
FB – white candle confirms bullish harami, bull
flag, BO target 29.63
FAS – spinning top
AMZN – large black candle, bull flag
EXPE –large black
candle, bull flag
STX – white candle,
BO target 29.98
VIAB – white candle
BO continuation
RIMM – spinning
top, BO setup
CRUS – spinning top
at support, DBO setup
F – white candle,
bull flag bounce
PHM – spinning top,
symmetrical triangle below 30 DMA
SWK – white candle
in bull flag bounce above 30 DMA
SWI – spinning
top, bull flag setup
RAX – spinning top,
bull flag bounce above 30 DMA
URI – white candle
new high close, BO set up
YELP spinning top,
bull flag setup under 30 DMA
XHB – inverted
hammer, DBO setup, below 30 DMA
XRT – inverted hammer
above 30 DMA
BO = breakout, DBO = diagonal breakout, CT = counter-trend, IT =
intermediate term, ST = short term
The Market Forecast Green Line is pointed
up above the lower reversal zone.
____________________
Chart Targets:
SPY = 143.52 short-term resistance
ES = 1,419.50…1,425 short-term resistance
ES = 1,419.50…1,425 short-term resistance
EUR/USD = 1.3140, 1.3172 short-term resistance
Short-term support at
1.2954, 1.2878 = Euro
1.2954, 1.2878 = Euro
140.69 = SPY
83.20 = SPXL
1,396 = ES
2,626 = NQ
1,396 = ES
2,626 = NQ
Moves:
Bounce:
MCP, ANR, AKAM, FFIV, BIG, OSK, EXPD, PCAR, PAY, PXP, PIBX, SWK, CTSH,
BMW, ACI, WLT, BTU, SHLD,WDC, DE, TER, IBM, CMG, ADSK, CRM, URI
____________________
70 of 100 NDX
stocks closed higher and one unchanged on Monday…
Leading NDX 100 stocks included: MU,
VRTX, NVDA, MYL, BIDU, EXPD, SHLD, CSCO, CEL, CHRW, STX, VRSN, GMCR, MSFT,
DELL, LRCS, ISRG, ALTR, AMGN, PCAR
Lagging NDX stocks included: PCLN, EXPE, AMZN, MRVL, FLEX, NFLX, SBUX, SYMC, EBAY, RIMM, DLTR, FOSL, DTV, KRFT, BRCM, AAPL, BBBY
Leading stocks > +2% on Monday included: MCP, ANR, GES, LDK, CLF, ATI, ZAGG, TPX, RVBD, CDE, CREE, WDC
Lagging stocks < -2.0% included: GRPN, DECK, NTES, CRUS, HLF, COH, SWKS
Stocks to
Watch on Monday…
Holding Above 30 DMA = 74
YHOO, MYL, ORLY, CERN, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, NTAP, CSCO, EXPE, GMCR, VMED, ATVI, EA, EXPD, LLTC, MXIM, PCAR, TXN, XLNX, AMGN, BIIB, CELG, EBAY, LIFE, SIAL, AMZN, FISV, ADSK, AVGO, DELL, FFIV, MAT, MRVL, MU, ORCL, BRCM, SRCL, COST, MNST, ADBE, CMCSA, GOOG, GRMN, NWSA, SYMC, WYNN, AMAT, CTSH, PAYX, ADP, APOL, FOSL, INTU, KLAC, NFLX, VIAB, FLEX, NUAN, STX, AKAM, ALTR, BMC, CHKP, DTV, FAST, MCHP, SNDK, VOD, CTXS
YHOO, MYL, ORLY, CERN, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, NTAP, CSCO, EXPE, GMCR, VMED, ATVI, EA, EXPD, LLTC, MXIM, PCAR, TXN, XLNX, AMGN, BIIB, CELG, EBAY, LIFE, SIAL, AMZN, FISV, ADSK, AVGO, DELL, FFIV, MAT, MRVL, MU, ORCL, BRCM, SRCL, COST, MNST, ADBE, CMCSA, GOOG, GRMN, NWSA, SYMC, WYNN, AMAT, CTSH, PAYX, ADP, APOL, FOSL, INTU, KLAC, NFLX, VIAB, FLEX, NUAN, STX, AKAM, ALTR, BMC, CHKP, DTV, FAST, MCHP, SNDK, VOD, CTXS
Moving Above
30 DMA = 4
ALXN, CHRW, LRCS, NVDA
Moving Below 30 DMA =3
BBBY, EXPE, PCLN
Staying Below 30 DMA
DLTR, KRFT, SIRI, WFM, AAPL,
INFY, WCRX, SPLS, ISRG, LINTA, SHLD, GOLD, MSFT, PNRA, INTC, BIDU, ESRX, VRSN,
VRTX, CA, ROST
Fourteen Week
Intermediate Term Market Trend: Neutral
Short Term
Market Trend: Up
No comments:
Post a Comment