Four of nine sectors moved higher on Monday…XLV, XLF, and XLP were
the strongest sectors…XLY was the
weakest sector.
Breadth weakened…decliners
led advancers 1.53 to 1 on the
NYSE and 1.18 to
1 on the NASDAQ…
Monday
– weakened, decliners led
Friday – strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday – weakened,
advancers led
Tuesday – strengthened,
advancers led
SPY
up .13 at 163.54…volume 81.8 shares
VIX
down .04 at 12.55…
TNX
up .23 at 19.23…
TLT
down .91 at 117.84...
XLF
up .06 at 19.31…volume 31.4 million shares
AAPL
up 1.77 at
454.747…volume 11.3 million shares
FB
up .14 at 26.82…volume 29 million shares
Technical Commentary:
IWM - 0.07%, QQQ + 0.12%, SPY + 0.08%, and
DIA – 0.12%
TSLA started strong and continued strong on Monday up 11.04
up 14.38% after surging 41% last week…reporting its first profitable quarter
since it went public in 2010.
NFLX rose 11.68 to close on Monday up 5.37%.
BIIB gapped up to close up 9.52 up 4.46% to close at 222.74.
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.
EPS Reaction Summary
EPS Gainers – MCP,
WCRX, NVDA, PCLN,
GMCR, GRPN, TSLA, EA, DVA, WFM, CTSH, DTV, LBTYA, AIG, ADP, CBOE,
REGN, FB, BZH, EXPD, GM, MDC, STX, V, YELP, ICE, JRCC, VIAB,
CMCSA, DDD, AVP, HLF, 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 – DISH, XRAY, ATVI, RAX, MNST, Z, LNKD, TPX, ZAGG, CTRX, GRMN,
MRK, SWI, 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:
The Market Forecast Green Line is
pointed up in the Upper Zone.
____________________
Setups
H Breakout: COST,
EBAY, MYL, ORCL, SIRI, SNDK, ANGI, BAC, BBRY, C, CMG, CRM, FAS, SSYS,
Diagonal Breakout: AMGN,
DELL, FFIV, QCOM, ANR, ATI, WLT,
Bull Flag: AAPL,
ADBE, ADSK, BIDU, BRCM, CMCSA, EBAY, FB, INTC, MU, ROST, STX, TXN, WFM, XLNX,
ALK, CNX, GLD, UAL, Z,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: NUAN, UNG,
Moves
New Highs: AKAM, CELG,
DTV, ESRX, PCLN, WYNN, DDD, FSLR, GLW, GMCR, LVS, NFLX, P, ZION,
Gap Up: JCP, BIIB
Gap Down:
H&D Breakout:
Bounce: GILD, MSFT,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
63 of 100 NDX stocks closed higher
on Monday…one was unchanged…
Leading NDX 100 stocks included:
BIIB, GILD, REGN, CELG, PCLN, SNDK, MSFT, EQIX, EXPE, WYNN, ESRX, CSCO,
SPLS
Lagging NDX stocks included:
CTSH, ISRG, STRZA, GOLD, BIDU, ADSK, FFIV, NVDA, INTU, AMAT, ATVI, GRMN,
INTC
Leading stocks > +2% on Monday included: TSLA, LDK, NFLX, SOHU, TSL, ESI, SSYS,
BBRY
Lagging stocks < -2.0% included: ZAGG, ANR, MCP, X, MOS, AKS, TPX, CLF, CDE
Stocks to Watch on Tuesday
Holding Above 30 DMA= 83
STRZA, ADP, GILD, BIIB, MAT, PAYX,
YHOO, SBAC, MSFT, SRCL ,REGN, VOD, BBBY, LIFE, ROST, WYNN, DLTR, INTC, DTV,
NWSA, SBUX, VRTX, WFM, COST, WDC, AKAM, AMAT, GOOG, NVDA, SIAL, SIRI, STX, TXN,
BMC, BRCM, CA, ALXN, ESRX, ORLY, PCAR, XLNX, CERN, CMCSA, AAPL, FOSL, KLAC,
LINTA, MCHP, XRAY, VRSK, CHKP, ORCL, SHLD, VIAB, EQIX, VMED, LBTYA, CELG, EXPD,
GRMN, LLTC, MYL, PCLN, ADI, ADSK, MU, NTAP, SPLS, ALTR, BIDU, HSIC, FISV, SNDK,
AVGO, EBAY, FFIV, MXIM, AMZN, ATVI, CSCO, FAST, QCOM, PRGO
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
GOLD, ISRG, SYMC
Staying Below 30 DMA
FB, ADBE, MNST, MDLZ, CHRW, DISCA,
AMGN, CTRX, NUAN, EXPE, CTSH, DELL, INTU, CTXS
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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