All nine sectors moved higher on Monday…XLB, XLK, and XLE were
the strongest sectors…XLP was the
weakest sector.
Breadth strengthened…advancers
led decliners 2.79
to 1 on the NYSE and 2.13 to
1 on the NASDAQ…
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
Thursday –
weakened/strengthened, advancers led
Wednesday – weakened,
advancer led
Tuesday – strengthened,
advancers led
SPY
up 1.06 at 159.30…volume 88.5 million shares
VIX
up .10 at 13.71…
TNX
up .05 at 16.68…
TLT
down .45 at 122.94...
XLF
up 8 cents at 18.65…volume 29.9 million shares
AAPL
up 12.92 at 430.12…volume 22.8 million shares
FB
up 13 cents at 26.98…volume 29.2 million shares
Technical Commentary:
QQQ + 0.92%, IWM + 0.72%DIA + 0.67% and SPY + 0.67%,.
The broad indices moved higher on
Monday as they continue their earnings season consolidation pausing at resistance.
QQQ, SPY, DIA and IWM
have risen to resistance and are poised to breakout.
The Euro was up 59 pips and closed at 1.3090. The Euro started to bounce after holding
above support for 12 days.
AAPL moved up 12.91 on 22.9 million shares. AAPL is moving towards short-term
resistance while it continues to form a bear flag pattern with its short term
rally.
FB gained 13 cents and closed above its 30 DMA on volume of 29.1
million shares. Friday saw an upgrade
to Strong Buy with a price target of $37 from Raymond James.
Trade what you see on the chart of your position. The intermediate term trend is up with a bull flag setup. Traders should lock in profits when targets
are reached. As always look
for re-entry according to your rules.
Chart Signals Strategy Guidelines
Technical setups for
short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls
or puts.
After earnings look for
bullish setups in positive reaction stocks and bearish setups in negative reaction
stocks.
EPS Reaction Summary
EPS Gainers – CERN, CVX, DHI, TWC, ANGI, AKAM, ALXN, ALTR, BIIB, COG, CLF, CROX, DOW,
ESI, FFIV, HOG, LRCX, LVS, MO, PHM, RCL, SIAL, XLNX, BA, BRCM, GLW, HES,
DAL, COH, DD, NFLX, ILMN, VECO, LCC, RF, ZION, TRV, LMT, CAT, CHKP,
HAL, HAS, CMG, GOOG, KMB, STI, MSFT, BTU, PEP, UNP, VZ, MAT, AXP, JNJ, INTC,
KO, C
EPS Losers – AMZN, BIDU, CRUS, DECK, EXPE, HSY, KLAC, MXIM, QCOM, PTEN, ABC, MMM, AMGN, T, JNPR, PNRA,
VMW, GE, IBM, ISRG, MCD, MS, PM, UNH, SNDK, EBAY, BAC, USB, GS, LLTC
Key Earnings this week:
Monday – HLF, RVBD,
Tuesday – DDD, AVP, MTW, X, VRSK, VRTX
Wednesday – AMT, ADM, CAR, CHK,
FB, GRMN, ICE, JRCC, JDSU, LVS, MA, MRK, STX, TWX, VIAB, V, WLT, YELP
Thursday – ANR, AIG, BZH, CTRX,
GM, LNKD, MDC, MYL, TPX, ZAGG
Friday – ADP, CBOE, REGN, UPL
The Market Forecast Green Line is
pointed up today.
____________________
Setups
H Breakout: SPY, FAS,
DAL, DDD, GRPN, LCC, NTES, PHM, PM, SPLK, TPX, VECO, ATVI, C, FAS, GRPN, XLNX, ESRX, TPX, HD, DTV, ADBE, MNST
Diagonal Breakout: AMGN, NTAP
Bull Flag: ANGI, ESI,
BA, C, COST, UNP, LVS, GRMN, MYL, YHOO, STX, KO, PEP, WDC, HSY, WFM, Z, CMG, TRV, VRTX, GILD, CELG, ORCL
Potential Bullish Divergence:
Gap Up:
Gap Down: RVBD
Bear Flag: AAPL, DELL, SWI, X, GE, SNDK, IBM,
At Support: BIDU, JNPR,
VMW,
Moves
New Highs: AKAM, FSLR,
BIIB, INTC, TXN, MSFT, AMAT, COH, DD, GLW, JNJ, NKE, NUAN, NVDA, VZ, WYNN
Gap Up: LRCX, NFLX, ILMN
Gap Down: DECK, EXPE,
MXIM, QCOM, MMM,
H&D Breakout: TSLA, ROST, ILMN, CMCSA, JCP, LNKD, TPX, SYMC, DTV
Bounce: RCL, SSYS, UNG,
INTC, ABC, BRCM, YELP, DOW, GOOG, FFIV, SBUX, BIDU, CRUS, KLAC, CTSH, FB, CSCO, MU, UNH, GMCR, SNDK, SHLD, GRMN,
LCC, PM, AAPL
MACD Divergence Bounce: EXPD, FFIV, ADSK, ESRX, FIVE, FAST, ZION
Bear Flag: SHLD, EBAY,
Support Break: AMZN, CTSH, ATI
______________________
65 of 100 NDX stocks closed higher on
Monday…
Leading NDX 100 stocks included:
BIIB, AAPL, INTU, MSFT, BRCM, CA, ADSK, FFIV, NUAN, GOOG
Lagging NDX stocks included:
EXPE, SHLD, AMZN, SIRI, AMGN, CELG, CERN, MYL, YHOO, NTAP
Leading stocks > +2% on Monday included: SINA, TSL, TSLA, CRUS, LDK, YELP SWI,
SSYS, BBRY, DE, CLF, MOS, SWKS, UCO, UAL AKS, IBM, ESI, ANR
Lagging stocks < -2.0% included: CSTR, ZAGG
Stocks to Watch on Tuesday
Holding Above 30 DMA = 62
VMED, STRZA, ADP, GILD, BIIB, MAT,
PAYX, YHOO, AMGN, SBAC, ADBE, CELG, MSFT, SRCL, MDLZ, LBTYA, REGN, VOD, BBBY,
LIFE, NUAN, ROST, MNST, WYNN, CTRX, DLTR, INTC, DTV, FISV, NWSA, SBUX, VRTX,
WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG, NTAP, NVDA, SIAL, SIRI, STX, TXN,
DISCA, BMC, BRCM, CA, GOLD, GRMN, SYMC, ALXN, ESRX, MYL, ORLY, PCAR, XLNX,
PRGO, CERN, CMCSA, FB
Moving Above 30 DMA = 10
AAPL, CHRW, CSCO, FAST, FOSL, KLAC, LINTA, MCHP, XRAY VRSK
Moving Below 30 DMA = 1
SHLD
Staying Below 30 DMA
AMZN, BIDU, EQIX, EXPE, MXIM,
PCLN, VIAB, QCOM, HSIC, EBAY, ISRG, SNDK, MU, SPLS, AVGO, CTSH, ADSK, DELL, INTU,
ADI, ALTR, LLTC, ORCL, CTXS, CHKP, FFIV, EXPD
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
No comments:
Post a Comment