SPY Closes Higher Again...HLF Up 6.67%...GMCR Up 6.26%. BIDU Up 4.89%...

Seven of nine sectors moved higher on Monday… XLU, XLF and XLI were the strongest sectors…XLY was the weakest sector.

Breadth strengthened…advancers led decliners…1.66 to 1 on the NYSE and 1.85 to 1 on the NASDAQ…

Monday – strengthened, advancers led

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened slightly, advancers led

Tuesday – strengthened, advancers led

SPY up .65…volume 69.4 million shares

VIX down .05 at 13.79…

TNX down .45 at 25.56…

TLT up .57 at 108.29...

XLF up .09 at 20.44…volume 26.2 million shares

AAPL up .93 at 427.44…volume 8.6 million shares

FB up .37 at 26.28…volume 24.2 million shares

Technical Commentary:

IWM + 0.88%, SPY + 0.39%, DIA + 0.30%, QQQ + 0.23.

The unofficial start of earnings season was Monday, July 8 with AA reporting earnings after the close.

Earnings of Interest

Monday –

Wednesday –

Friday –

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.

The Market Forecast Green Line is in the Upper Zone. 

____________________

Setups

H Breakout: BIDU, DTV, EBAY, GILD, GRMN, MNST, MYL, NVDA, SYMC, YHOO, BAC, ESI, FAS, FIVE, PWRD, SOHU, SSYS,

Diagonal Breakout: SNDK, GMCR, LVS, SINA, UAL, UNG,

Bull Flag: ATVI, CELG, SHLD, DDD, GRPN, MFRM, RCL, TPX,

Potential Bullish Divergence:  

Gap Up:

Gap Down: 

Bear Flag:   

At Support:

Moves

New Highs: GOOG, NFLX, STX, TNX, WDC, WFM, XLNX, CIEN, GME, JNPR, SPY, Z,

Gap Up:  NTAP, C, GS, TIF,

Gap Down: XONE,  

H&D Breakout: MSFT,  

Breakout Test: 

Bounce: MU, ANGI,   

MACD Divergence Bounce:  

Bear Flag:  

Support Break:   

______________________

46 of 100 Leading NDX stocks closed higher on Monday.

Leading NDX 100 stocks included:  BIDU, CHRW, MXIM, MU, NTAP, FFIV, EXPD, KRFT, GRMN, MNST, FB, MSFT, CTRX

Lagging NDX stocks included:  ALXN, GOLD, AVGO, KLAC, NWSA, SIRI, ADP, DELL, FOSL, CTXS, CMCSA, QCOM

Leading stocks > +2% on Monday included: TSL, ZAGG, HLF, GMCR, TIF, DECK, SSYS, CLF, ESI

Lagging stocks < -2.0% included: CROX, TSLA

Stocks to Watch on Tuesday

Holding Above 30 DMA= 89

SPLS, AVGO, CSCO, AMZN, DLTR, ADBE, INTU, SBUX, BBBY, EXPE, MCHP, PCLN, SNDK, SRCL, VRTX, ALTR, CA, LINTA, MAT, MNST, ORLY, PCAR, PCLN, ROST, STX, VOD, VIAB, FB, LBTYA, KRFT, LMCA, CMCSA, GOOG, HSIC, DISCA, VRSK, ADP, ALXN, CHKP, CTSH, DTV, EBAY, FOSL, NTAP, SYMC, WFM, WDC, NFLX, BMC, CELG, ESRX, FISV, LLTC, XLNX, ADI, ATVI, BIIB, CHRW, COST, CTXS, EXPD, GILD, LIFE, MYL, NUAN, PAYX, XRAY, TXN, SIAL, SIRI, AKAM, AMAT, GRMN, KLAC, YHOO, AMGN, MSFT, NVDA, EQIX, REGN, SBAC, AAPL, ADSK, BIDU, BRCM, CERN, FFIV, MXIM, MDLZ

Moving Above 30 DMA = 1

WYNN

Moving Below 30 DMA = 1

QCOM

Staying Below 30 DMA

DELL, SHLD, MU, ISRG, INTC, CTRX, ORCL, GOLD, FAST, NWSA

Four-Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up