All nine sectors moved higher on Monday… XLE, XLF and XLK were
the strongest sectors…XLV was the
weakest sector.
Breadth strengthened…
advancers led decliners…2.01 to 1 on the NYSE and
1.75 to 1 on
the NASDAQ…
Monday
– strengthened, advancers led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
SPY
up 1.26…volume 136.2 million shares
VIX
down .35 at 16.80…
TNX
up .45 at 21.71…
TLT
down .60 at 113.22...
XLF
up .19 at 19.74…volume 46.2 million shares
AAPL
up 1.95 at 432.00…volume 9.2 million shares
FB
up .39 at 24.02…volume 33.6 million shares
Technical Commentary:
QQQ + 0.97%, SPY + 0.78%, DIA + 0.74%,
IWM + 0.65%.
XLE and related energy stocks lead the market higher…XLE was
up 1.44% and was the top gainer for sectors.
NFLX gained 15.24 and rose 7.12% to finish as the highest
gainer with the report of a programming deal with DreamWorks Animation SKG Inc. DWA shares also rose 4.08% on the deal.
MU closed up 3.76% ahead of earnings which will be report on
Wednesday after Citigroup raised its price target for MU.
Likewise SNDK closed up 2.42 up 4.11% closing at 61.23.
Trade what you see on the chart of your position. The intermediate term trend is up and the short-term trend is neutral
with the shorter two-day trend down. Adjust stops and trade to targets according
to your rules.
Chart Signals Strategy Guidelines
When the market
is trending up Chart Signals looks
for support bounce and resistance breakout entries.
When the market
is trending down Chart signals looks
for resistance pull back and support break entries.
When the market
is sideways in consolidation Chart Signals
will look for support bounce, diagonal breakouts and pull backs
at resistance where price action stays between support and resistance.
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 – ULTA, CIEN, GES, SPLK, PWRD,
HPQ, NTAP, AZO, MDT, CSCO, A, 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, APOL
EPS Losers – CPRT, COST,
TSL, CRM, GME, SHLD, 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
The Market Forecast Green Line is
below the Upper Zone and is pointed down.
____________________
Setups
H Breakout: AMGN,
AMZN, ATVI, ESRX, FB, GILD, GOOG, INTC, MSFT, MYL, NTAP, ORCL, PCLN, ROST, STX,
WFM, WYNN, YHOO, CREE, DDD, GMCR, GME, MFRM, PWRD, SOHU, TBT, TSLA, YELP,
Diagonal Breakout: ADBE,
ADSK, AKAM, BRCM, CELG, CMCSA, DTV, EBAY, FFIV, MAT, NUAN, QCOM, SIRI, SYMC,
TXN, XLNX, BAC, BBRY, C, F, FAS, GLD, GLW, LVS, NTES, SINA, SPLK, SWI, UAL,
Bull Flag: BIDU, MNST,
CIEN, ESI, FSLR, GS,
Potential Bullish Divergence: JCP
Gap Up:
Gap Down:
Bear Flag:
At Support: FAST,
Moves
New Highs: AMAT, BBBY,
CSCO, MU, SBUX, SNDK, WDC, ANGI, GRPN, SCSS, XONE,
Gap Up: NFLX, FIVE, UNG,
Gap Down:
H&D Breakout: GRMN, NVDA, CRM, SPY, SSYS, Z,
Breakout Test:
Bounce:
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
82 of 100 NDX stocks closed higher on Monday…and one was unchanged…
Leading NDX 100 stocks included: NFLX, SNDK, MU, GRMN, SRCL,
CSCO, SPLS, AMAT, WYNN, WYNN, ADI, CHKP, SIRI, DLTR
Lagging NDX stocks included:
GILD, LBTYA, BBIB, VRTX, REGN, CELG, BIDU, FAST, ALXN, SBAC, GOLD
Leading stocks > +2% on Monday included: TSL, LDK, SINA, SSYS, ICE, YELP, FAS, SOHU, SLB
Lagging stocks < -2.0% included: SGOC, ANR, AKS, FAZ, X
Stocks to Watch on Monday
Holding Above 30 DMA= 33
MSFT, LIFE, INTC, WFM, WDC, AMAT,
STX, CA, CERN, PCLN, MU, NTAP, SPLS, BIDU, HSIC, SNDK, AVGO, CSCO, ISRG, AMZN,
MNST, MYL, SBUX, BBBY, CTRX, DELL, EXPE, KLAC, MCHP, ORLY, KRFT, LMCA
Moving Above 30 DMA =14
CHKP, COST, DLTR, ESRX, EXPD, GOOG, NVDA, ORCL, PAYX, PCAR,
XLNX, YHOO, ADI, NFLX
Moving Below 30 DMA = 1
VRTX
Staying Below 30 DMA
ROST, VOD, DTV, FOSL, GOLD, LINTA,
SIAL, WYNN, TXN, BIIB, CTSH, INTU, SIRI, VIAB, LBTYA, REGN, REGN, AAPL, ALTR,
ADBE, FAST, LLTC, NWSA, ADP, AKAM, BMC, FFIV, SRCL, XRAY, DISCA, BRCM, CELG,
GILD, ALXN, ATVI, CTXS, EBAY, GRMN, FISV, MAT, MDLZ, CHRW, CMCSA, SHLD, SBAC,
QCOM, EQIX, VRSK, ADSK, AMGN, SYMC, MXIM, FB, NUAN
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Neutral
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