Eight of nine sectors moved higher on
Monday… XLI, XLP and XLE were
the strongest sectors…XLU was the
weakest sector.
Breadth strengthened…advancers
led decliners…2.51 to 1 on the NYSE and
2.30 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 .94…volume 131.9 million shares
VIX
down .49 at 16.37…
TNX
up .12 at 24.90…
TLT
up .22 at
110.41...
XLF
up .06 at 19.51…volume 59.7 million shares
AAPL up 12.69 at 409.22…volume13.9
million shares
FB
down .07 at 24.81…volume 20.5 million shares
Technical Commentary:
IWM + 1.63%, QQQ + 0.62%, DIA + 0.59%, SPY
+ 0.59%.
TSLA broke out to a new high gaining 9.81 or 9.15% breaking
the recent high of May 29.
NFLX bounced today 13.19 or 6.25% approaching both a
diagonal and horizontal breakout points.
AAPL bounced today adding a gain of 12.69 or 3.20%.
FSLR also gained 1.49 or 3.34%.
MFRM broke horizontal resistance of early June to gain 2.09
or 5.19%.
ALXN bounced today breaking its horizontal resistance of
early June and gaining 3.62 or 3.92%.
SPY is nearing its diagonal breakout and gained .94 or .59%
on Monday.
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 – ADBE, ULTA, 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 – ORCL, 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 up.
____________________
Setups
H Breakout: ADBE, AMZN, BBBY, COST, CSCO, ESRX, GRMN, MNST, PCLN,
ROST, SBUX, SNDK, WDC, WFM, CREE, F, NTES, SCSS, STI,
Diagonal Breakout: AMAT,
ATVI, CTSH, DTV, FFIV, NUAN, QCOM, SIRI, SYMC, XLNX, ALK, ANR, ATI, BAC, C,
CLF, CMG, FAS, GLW, JCP, SPY, SSYS, SWI, TIF, TLT, TPX, UAL,
Bull Flag: TBT, YELP,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
Moves
New Highs: STX, GME, GRPN, JNPR, PWRD, SPLK, TSLA, XONE, ZION,
Gap Up: GOOG, P,
Gap Down:
H&D Breakout: AMGN, CELG, EBAY, MAT, MSFT, MFRM, RCL,
Breakout Test:
Bounce: AAPL, NFLX, CNX,
GLD, NFLX,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
71 of 100 Leading NDX stocks closed higher on Monday.
Leading NDX 100 stocks included:
NFLX, ALXN, INTU, EXPE, AAPL, NUAN, REGN, EBAY, CTSH, ORLY, MDLZ, GOSL,
PCLN, VRSK
Lagging NDX stocks included:
NWSA, BIDU, CTRX, CMCSA, ORCL, BRCM, KRFT, INTC, CA, AMGN, ISRG, KALC,
AMAT
Leading stocks > +2% on Monday included: TSLA, NFLX, UAL, ZAGG, CSTR, UCO, RCL,
LNKD, DECK, GMCR, FCX, ESI, CRUS, ANF, TPX
Lagging stocks < -2.0% included: CDE, MCP, YELP, NKE
Stocks to Watch on Tuesday
Holding Above 30 DMA= 38
MU, SPLS, AVGO, CSCO, ISRG, AMZN,
DLTR, ADBE, INTU, SBUX, BBBY, EXPE, GRMN, MCHP, PCLN, SNDK, SRCL, VRTX, ALTR, CA, LINTA, MAT, MNST, ORLY,
PCAR, ROST, STX, VOD, VIAB, FB, LVTYA, KRFT, LMCA, CMCSA, GOOG, HSIC, DISCA,
VRSK
Moving Above 30 DMA = 16
ADP, ALXN, CERN, CHKP, CTSH, DTV, EBAY, EXPD, FOSL, LIFE,
NTAP, SYMC, WFM, XLNX, WDC, NFLX
Moving Below 30 DMA =2
DELL, MYL
Staying Below 30 DMA
COST, FISV, PAYX, AMAT, ESRX,
INTC, KLAC, MSFT, NVDA, ADI, CTRX, CHRW, NUAN, ORCL, WYNN, YHOO, MDLZ, BIDU,
GOLD, SIAL, TXN, BIIB, SIRI, REGN, AAPL, FAST, LLTC, AKAM, BMC, FFIV, XRAY,
BRCM, CELG, GILD, ATVI, CTXS, SHLD, SBAC, QCOM, EQIX, ADSK, AMGN, MXIM, NWSA
Four-Week Intermediate Term Market Trend: Down
Five-day Short Term Market Trend: Up
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