Five of nine sectors moved higher on
Monday… XLF, XLV and XLK were
the strongest sectors…XLE was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.34 to 1 on the NYSE and 1.48 to 1 on
the NASDAQ…
Monday
– strengthened, advancers led
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY
up .33…volume 79.3 million shares
VIX
down .25 at 12.29…
TNX
down .03 at 24.88…
TLT
up .16 at 109.36...
XLF
up .14 at 20.87…volume 26.6 million shares
AAPL
up 1.36 at 426.31…volume
7.4 million shares
FB
up .16 at 26.05…volume 27.5 million shares
Technical Commentary:
QQQ + 0.29%, IWM + 0.21%, SPY + 0.20%, DIA – 0.01%.
SPY, IWM, and QQQ all rose
slightly with modest gains on Monday with the SPY and IWM making a new
high.
CDE gapped up
on Monday and finished the day up 1.06 or 8.00%
and is approaching the early June horizontal resistance.
HLF was up
today 3.59 or 6.43% with volume of
4.8 million.
YHOO gapped
down 1.25 or 4.29% on volume of 46
million.
Earnings announcements accelerate as the third of earnings season begins on Monday. Chart Signals
is focusing on stocks with
announcements and stocks that have had a positive earnings reactions over the
past two weeks.
This Week Earnings of Interest
Monday – GLW, HAL, HAS, KMB, MCD,
NFLX, TXN, ZION
Tuesday – AKS, ALTR, MO, AAPL, DD, EA, FCX, JNPR, LLTC, NSC,
PCAR, PNRA, BTU, RSH, RF, TRV, UPS, UTX, USNA, VLO, VMW
Wednesday – AKAM, ATI, ABC, ANGI,
BIDU, BA, CA, COG, CAT, CTXS, CROX, DAL, ETFC, LLY, EMC, EQIX, FFIV, FB, LVS,
MCO, ORLY, QCOM, RYL, STX, SAVE, LCC, V, WDC
Thursday – MMM, ALK, ALXN, AMZN,
BIIB, BMY, CELG, CERN, CB, CRUS, CLF, DECK, DOWN, DNKN, EXPE, GILD, IP, ESI,
KLAC, MXIM, POT, PCP, RCL, SWI, TPX, HSY, UA, UAL
Friday – DLR, SWK, WLB
Q2 Earnings Reactions
Positive Reactions – GE, HON, SLB, STI, WHR, CHKP, CMG, JCI, KEY, MS, OSTK, SWKS, UNP, UNH, BAC,
IBM, SNDK, XLNX, CSX, GS, URI, YHOO, C, WFC
Negative Reactions – BHI, AMD, GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS
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: ADBE, BBBY, ROST, SHLD, SNDK, ANGI, ATI, C,
CREE, ESI, F, GS, LVS, SWI, TSLA, UAL, ZION,
Diagonal Breakout: GRMN, QCOM, WYNN,
Bull
Flag: AAPL, ADSK, AKAM, ATVI, NFLX, SYMC, WFM, FSLR, KKD, LNKD, RAX, RCL, SCTY,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BRCM, INTC,
Moves
New Highs: CELG, CMCSA, MNST, BAC, FAS, FIVE, SPY, Z,
Gap Up: GLD,
Gap Down: YHOO, JNPR, UNG,
H&D Breakout: GMCR, PWRD, TLT,
Breakout Test:
Bounce: GOOG, MFRM, P,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
66 of 100 Leading NDX stocks closed higher on Monday.
Leading NDX 100 stocks included:
GOLD, GRMN, MNST, MSFT, CELG, GOOG, CERN, CTXS, QCOM, SNDK, REGN, KRFT
Lagging NDX stocks included:
YHOO, ATVI, CHKP, EQIX, AKAM, NWSA, SX, VIAB
Leading stocks > +2% on Monday included: CDE, MCP, HLF, DECK, GMCR, AKS, CLF,
TSLA, FCX,
Lagging stocks < -2.0% included: UCO,
YELP
Stocks to Watch on Tuesday
Holding Above 30 DMA= 90
SPLS, CSCO, AMZN, DLTR, ADBE,
INTU, SBUX, BBBY, EXPE, MCHP, PCLN,
SRCL, VRTX, ALTR, CA, LINTA, MNST, ORLY, PCAR, PCLN, ROST, STX, VOD,
VIAB, FB, LBTYA, KRFT, LMCA, CMCSA, GOOG, HSIC, DISCA, VRSK, ADP, ALXN, CHKP,
CTSH, DTV, 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, EQIX, REGN, SBAC, AAPL,
ADSK, BIDU, CERN, FFIV, MDLZ, WYNN, FAST, MU, SNDK, CTRX, AVGO, GOLD QCOM, SHLD
Moving Above 30 DMA = 1
ORCL
Moving Below 30 DMA = 0
Staying Below 30 DMA
EBAY, MSFT, NVDA, MXIM, BRCM, MAT,
DELL, ISRG, INTC, NWSA
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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