All nine sectors moved lower on Monday…XLU, XLP and XLK were
the strongest sectors…XLE was the
weakest sector…
Breadth weakened…decliners
led advancers 7.19
to 1 on the NYSE and 7.88 to 1 on the NASDAQ…
Monday – weakened,
decliner led
Friday – weakened,
decliners led
Thursday – weakened,
mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened,
mixed
SPY
down 3.68 at 155.12…volume 217.2 million shares
VIX
up 5.21 at 17.27…
TNX
down .19 at 17.02…
TLT
up 1.06 at 122.99…
XLF
down 39cents at 18.08…volume 71.7 million shares
AAPL
down 9.95 at 419.85…volume 11.3 million shares
FB
down 88 cents at 26.52…volume 30.2 million shares
Technical Commentary:
DIA – 1.76 %, QQQ -1.97%, SPY -2.32% and
IWM -3.77%...SPY, DIA and QQQ are now in a
two-day pullback bull flag pattern. IWM closed just below horizontal support. DIA is above its 30 DMA while
SPY, QQQ and IWM closed below.
The short-term trend is down.
AAPL moved down -9.95 on 11.3 million shares below its 30 DMA and back at its
recent 420 support area for the third time in six weeks. AAPL is a potential break of support
setup. FB was a bear flag entry on
volume of 30.2 million shares confirming Friday’s bearish engulfing pattern.
RALY +1.63%, +0.29, a cloud-based software applications company on
Monday stayed above its IPO opening price on Friday.
Key Earnings this week:
Monday – C, LLTC
Tuesday – KO, CSX, GS, INTC,
JNJ, USB, URI, YHOO
Wednesday – AXP, BAC, EBAY,
MAT, SNDK
Thursday – AMD, CMG, FCX, GOOG,
ISRG, KEY, LDK, MSFT, MS, BTU, PEP, PM, UNP, UNH, VZ
Friday – BHI, GE, KMB, MCD, STT,
STI, SLB, UA
Trade what you see on the chart of your position. The intermediate term trend is up with a short-term pullback. Traders should lock in profits when targets
are reached. As always look for
re-entry according to your rules.
The Market Forecast Green Line is in the upper zone.
____________________
Setups
H Breakout: BIDU, GRPN, LNKD, CSCO, GRMN, SBUX, TXN, WFM,
CREE, RCL
Diagonal Breakout: COST, CMCSA,
LVS, GOOG, NTAP, FB, Z, GMCR, SYMC, AMZN, BRCM, COST, DELL, XLNX, SWI
Bull Flag: ADBE, AMAT, CELG,
INTC, MAT, MSFT, MU, NTAP, NUAN, NVDA, ORCL, PCLN, QCOM, ROST,
SBUX, SNDK, WDC, WYNN, YHOO, AMGN, BBBY,
GILD, MNST, SPLK, FSLR, SSYS, TSLA, UNG, YELP, FSLR, NTES, AKAM, CMG, ATVI, INTC, MSFT, ORCL, EBAY,
SPY, FAS, SIRI
Potential Bullish Divergence: ESRX, FAST
Gap Up:
Gap Down:
Bear Flag:
Break of Support: AAPL,
AKAM, SHLD, ATVI, BRCM, CMCSA, CTSH, DTV, GOOG, MYL, SYMC, FAS, FFIV, FIVE, GMCR,
NTES, TPX, UAL, ZION
Moves
New Highs:
Gap Up: LIFE
Gap Down: GOLD,
Breakout:
Bounce: C, CMG, TLT
MACD Divergence Bounce:
Bear Flag: MYL, FFIV,
GOOG, FB,
Support Break: ADSK, ESRX,
FAST, STX, ALK, ATI,
______________________
Only 1 of 100 NDX stocks closed higher on
Monday…
Leading NDX 100 stocks included: LIFE
Lagging NDX stocks included:
GOLD, SHLD, EXPE, MU, PCAR, ADSK, PCLN, BIIB, FOSL, ALXN
Leading stocks > +2% on Monday included:
FAZ
Lagging stocks < -2.0% included: ARN, CDE, FCX, CLF, LDK, MCP, TSL, FAX,
UCO, ATI, LNKD, CROX, SLB, GMCR, JDSU, SINA, X, AKS, HLF, URE, LVS, F, SSYS,
ANR, YELP
Stocks to Watch on Tuesday
Holding Above 30 DMA = 45
VMED, SNDK, STRZA, ADP, GILD,
BIIB, MAT, PAYX, YHOO, AMGN, MU, DISCA, SBAC, ADBE, CELG, MSFT, SRCL, VRTX,
MDLZ, LBTYA, VIAB, REGN, SBUX, VOD, ALXN, BBBY, DTV, LIFE, CMCSA, NUAN, ROST,
WDC, EBAY, MNST, WYNN, TXN, NVDA, CRTX, AMZN, BIDU, PCLN, WFM, DLTR, ISRG, NTAP
Moving Above 30 DMA = 0
Moving Below 30 DMA = 26
AKAM, AMAT, ATVI, BMC, CERN, CHRW, COST, CSCO, EXPE, FISV,
GRMN, HSIC, INTC, KLAC, MXIM, NWSA, PCAR, QCOM, SHLD, SPLS, STX, XRAY, PRGO, FB,
EQIX, VRSK
Staying Below 30 DMA
AVGO, CTSH, MCHP, ORLY, SIRI,
ADSK, BRCM, DELL, SYMC, XLNX, FAST, GOLD, ESRX, GOOG, INTU, ALTR, CA, LLTC,
SIAL, ADI, AAPL, LINTA, MYL, ORCL, CTXS, FOSL, CHKP, FFIV, EXPD
Twenty One Week Intermediate Term Market Trend: Up
Short Term Market Trend: Down
2 comments:
Such great information Dave. Thanks. We all appreciate it.
This is cool!
Post a Comment