Six of nine sectors moved higher on Monday…XLF, XLE, and XLI were
the strongest sectors…XLU was the
weakest sector.
Breadth weakened…advancers
still led decliners 1.54 to 1 on
the NYSE and 1.39
to 1 on the NASDAQ…
Monday – weakened,
advancers led
Friday – weakened
slightly, advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
advancers led
SPY
up .41 at 161.78…volume 66.8 million shares
VIX
down .17 at 12.66…
TNX
up .19 at 17.71…
TLT
down .30 at 120.63...
XLF
up .20 at 19.05…volume 23.8 million shares
AAPL
up 10.73 at 460.71…volume 17.7 million shares
FB
down .74 at 27.57…volume 43.9 million shares
Technical Commentary:
QQQ + 0.39%, SPY +0.26%, DIA + 0.05% and IWM
+ 0.64%.
QQQ advanced
on Monday as did the SPY and IWM all making new highs. DIA held steady making little gains.
AAPL broke
through its diagonal resistance with a gain of 10.73 today closing above its
$460 mark. AAPL is near its
horizontal resistance of both February and March.
TSLA closed up
9.07% up 4.95 with earnings being reported on Wednesday.
FSLR advances after hours after earnings report.
Trade what you see on the chart of your position. The intermediate term trend is up with a horizontal resistance breakout 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.
Key Earnings this week:
Monday – DDS, SLR, LBTYA
Tuesday – DIS, DTV, MDLZ, SYMC, Z
Wednesday – ATVI, CTSH, GRPN, RAX,
TSLA
Thursday – XRAY, DISH, PCLN
Friday –
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: BIDU, ALK, C, MYL, NTAP, SHLD, YHOO, C,
Diagonal Breakout: FIVE,
Bull Flag: ADBE, AMAT, COST, CSCO, ESRX, FB, GILD, MNST, ORCL,
XLNX, ATI, LVS, YELP
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: LNKD, AMGN,
Moves
New Highs: CMCSH,
GOOG, MSFT, BBUX, SIRI, STX, WDC, CMG, CREE, FAS, NTES, SPLK, TSLA UAL, ZION,
SPY
Gap Up:
Gap Down:
H&D Breakout: AAPL, ADSK, FFIV,
Bounce:
MACD Divergence Bounce:
Bear Flag: SWI
Support Break:
______________________
53 of 100 NDX stocks closed higher
on Monday…and two were unchanged…
Leading NDX 100 stocks included:
BIDU, AVGO, FFIV, SPLS, AAPL, EXPD, MYL GOOG, ADI, STX, WDC, NTAP, VRTX,
BBBY, LINTA
Lagging NDX stocks included:
FB, MNST, ATVI, ESRX, MDLZ, AMGN, CTSH, BIIB, GILD, REGN, EXPE, ALXN,
CERN, ADBE, PCAR
Leading stocks > +2% on Monday included: TSLA, CLF, BAC, CRUS, HLF, CIEN, SOHU,
JDSU, SWKS, VMW, FAS, JNPR, SINA, CREE, ZION, GS, HUM
Lagging stocks < -2.0% included: GRPN, ZAGG, FAZ
Stocks to Watch on Monday
Holding Above 30 DMA = 78
STRZA, ADP, GILD, BIIB, MAT, PAYX,
YHOO, SBAC, ADBE, MSFT, SRCL, MDLZ, REGN, VOD, BBBY, LIFE, ROST, MNST, WYNN,
DLTR, INTC, DTV, NWSA, SBUX, VRTX, WFM, ATVI, COST, WDC, AKAM, AMAT, GOOG,
NVDA, SIAL, SIRI, STX, TXN, BMC, BRCM, CA, SYMC, ALXN, ESRX, ORLY, PCAR, XLNX,
CERN, CMCSA, FB, AAPL, CHRW, FOSL, KLAC, LINTA, MCHP, XRAY, VRSK, CHKP, ORCL,
SHLD, VIAB, EQIX, VMED, LBTYA, CELG, EXPD, GRMN, LLTC, MYL, PCLN, ADI, DISCA,
ADSK, ISRG, MU, NTAP, SPLS, PRGO
Moving Above 30 DMA = 3
ALTR, BIDU, HSIC
Moving Below 30 DMA = 2
AMGN, CSCO
Staying Below 30 DMA
CTRX, FISV, GOLD, FAST, NUAN,
AMZN, BIDU, EXPE, MXIM, QCOM, HSIC, EBAY, SNDK, AVGO, CTSH, DELL, INTU, ALTR,
CTXS, FFIV
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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