Only one of nine sectors moved higher on Monday…XLK, XLP and XLU were the strongest sectors …XLF was the weakest sector….
Breadth weakened…decliners
led advancers…1.61 to 1 on
the NYSE and 1.89 to 1 on the NASDAQ…
Monday – weakened, decliner led
Friday – weakened, decliners led
Thursday – strengthened, advancers led
Wednesday – strengthened, advancers led
Tuesday – weakened, decliners led
SPY down 86 cents at 154.97...volume 126.7 million
shares…
VIX up 2.06 at 13.36
TNX down .40 at 19.56…
TNX down .40 at 19.56…
TLT up 88 cents at 116.64…
XLF down 18 cents at 18.27 volume 41.2 million shares
XLF down 18 cents at 18.27 volume 41.2 million shares
AAPL up 12.06 at 455.72…volume 21.6 million shares…
FB down 16 cents at`26.49…volume 26.6 million
shares…
Technical Commentary:
The SPY gapped lower on the open and recovered half of its loss. TNX fell
as TLT bonds moved higher.
QQQ -0.22%, DIA -0.45%, IWM -0.55%, and
SPY -0.55% moved lower and formed white candles closing
above their opening price.
AAPL gained 12.06 and closed above its 30 DMA for the first time
since Jan 2 FB was down 16 cents and formed a hammer
while continuing to form a MACD bullish divergence at support below its 30
DMA. FB is still a setup for
a potential C Pattern Entry after a support bounce.
The Euro was down 118 pips and closed at 1.2957 on Monday. The Euro moved
lower over concerns of the impact
of a Cyprus bailout plan reached over the weekend and its potential impact on
the Euro.
Trade what you see on the
chart of your position. The trend is up
and traders should lock in profits when targets are
reached. As always look for re-entry according to your rules.
The SPY’s trend
continued higher. Eight of nine sector ETFs
including XLP, XLU, XLV, XLY, XLK, XLF, XLI,
XLE are positive XLB continued neutral.
.
The Market
Forecast Green Line is in the
upper reversal zone.
____________________
Setups
Breakout: SLM, AL, ANR, MGM, ICE, FTNT, ADM, FTI, AVX, SPLK, CBOE, CLB,
IM, NAV
Diagonal Breakout:
CMCSA, EXPD, FAST, JRCC, DECK, SPWR, HLF,
GNC
Bull Flag: AVGO, CTSH, DISCA, DLTR,
GILD, GOOG, INTU, LBTYA, MAT, SBUX, STX, TXN, VIAB, VRTX, WDC, YHOO, MBI, CRM, CIEN, JDSU, ZION, ILMN,
ZNGA, NTES, DWA, VMW, NFLX, URI, CSTR, IBM, VECO, BBRY, NAV, HRB, PMCS, MON,
LNKD, CNP,
Potential Bullish
Divergence: FB, EBAY, GES, ROST, CCL, IPI,
SINA, RHT
Bear Flag: TFM, CPRT, MJN, DKS, KORS, JCP, DDS, HSP
Break of Support: QCOM,
FB, EBAY, FB, CCL, WLT, DNDN, HRS, AOL,
IPI, SINA, AKAM, RCL
Moves
Highlights: NFLX, NTES,
TPX, CREE, SSYS, ANGI, Z, BBRY
Gap Up: OGE
Gap Down: ULTA
Breakout: Z, TPX, COG,
TEX, BTU, UNG, MTW, CBS, PTEN,
CRR, MDRX, WPO, HES, CNW, SNDK, PBI, PRGO, STRZA, DE, CBG, SHLD, CHK, MWV, MOS,
TRIP
Bounce: RAX, ALXN, XRX, A, MSFT, ANGI, BBRY, P, AVP,
MACD Divergence
Bounce: CORN, SLB,
Bear Flag: FL, GRMN, BTU, MCP, AGU, CTL, EXPD
Support Break: KLAC,
DDD, CLF, FFIV
____________________
17 of 100 NDX stocks
closed higher on Monday…
Leading NDX 100 stocks included: ISRG, AAPL,
BBBY, DLTR, VOD, PRGO
Lagging NDX stocks included: FOSL, EXPE, PCLN,
CTXS, AVGO, MU, AMAT, ATVI, EQIX, VRTX, CERN, XLNX
Leading stocks> +2% on Monday included: FAZ, ZAGG
Lagging stocks < -2.0% included: LDK,
SLB, VECO, TSL, FAS, YELP, SWI, COH, C, CRUS
Stocks to Watch on Tuesday…
Holding Above 30 DMA = 64
VMED, LLTC, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, PCLN, REGN, VIAB, ADSK, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, COST, WDC, BRCM, DTV, LIFE, STX, SPLS, CHRW, WYNN
VMED, LLTC, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, ATVI, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, ALTR, DLTR, ESRX, MNST, AMGN, DISCA, MU, SBAC, TXN, ADBE, CELG, CMCSA, FISV, INTU, NVDA, QCOM, MSFT, MYL, SRCL, VRTX, MDLZ, LBTYA, VRSK, SIAL, PCLN, REGN, VIAB, ADSK, INTC, ORCL, SBUX, SIRI, BMC, CA, CSCO, MXIM, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, COST, WDC, BRCM, DTV, LIFE, STX, SPLS, CHRW, WYNN
Moving Above 30 DMA = 1
AAPL
Moving Below 30 DMA =9
CTSH,
CTXS, EXPE, FOSL, LINTA, MCHP, PCLN, XRAY, ADI
Staying Below 30 DMA
ALTR,
AMAT, COST, LLTC, QCOM, AMZN, SIRI, FAST,CTRX, EQIX, CHKP, MNST, ROST,
KLAC, ISRG, EBAY, FFIV, NTAP, GRMN, WFM, EXPD, NUAN, AKAM, GOLD, BIDU, FB
Ten Week Intermediate
Term Market Trend: Up
Short Term Market Trend: Neutral
1 comment:
Hi Dave,
It looks to me that AAPL has a bullish MACD and RSI divergence.You have not said this in your posts so I wonder if I am misreading The MACD and RSI. Would like your thoughts on this. Devoted to your blog. Thank you so much for your selfless hard work for us.
Gina
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