Eight of nine sectors moved higher on
Monday… XLU, XLP and XLY were
the strongest sectors…XLJ was the
weakest sector.
Breadth strengthened advancers led decliners…1.40
to 1 on the NYSE and 1.23 to
1 on the NASDAQ…
Monday
– strengthened, advancers led
Friday – strengthened,
advancers led
Thursday – closed 4th
of July
Tuesday – weakened,
decliners led
Monday – strengthened,
advancers led
SPY
up .92…volume 106.7 million shares
VIX
down .11 at 14.78…
TNX
down .70 at 26.45…
TLT
up 1.03 at 107.29...
XLF
up .14 at 19.96…volume 47.6 million shares
AAPL down 2.37 at 415.05…volume
10.6 million shares
FB
up .34 at 24.71…volume 27 million shares
Technical Commentary:
DIA + 0.66%, SPY + 0.57%, IWM + 0.40%, QQQ
+ 0.10%.
XLV gapped up today with a diagonal breakout closing up
.56%...XLE also had a diagonal breakout closing up .65%.
XLI closed to up .27% and is a diagonal breakout setup. Also XLP was also up 1.00% and is a diagonal
breakout setup.
XLF gapped up and closed up .73% and is approaching a
horizontal breakout.
XLY likewise gapped up closing up .93%.
PCLN gapped up gaining 33.46 up 3.91%.
NFLX rose 8.00 closing at 233.20 up 3.55%.
The unofficial start of
earnings season is Monday, July 8 with AA reporting earnings
after the close.
Earnings of Interest
Monday – AA
Wednesday – FAST, YUM
Friday – JPM, WFC
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
below the Upper Zone and is pointed up.
____________________
Setups
H Breakout: CSCO, CTSH, ESRX, GOOG, NTAP, NUAN, SNDK, WDC,
WFM, XLNX, CIEN, DDD, FAS, SOHU, Z,
Diagonal Breakout: ADSK, AMGN, BIDU, MAT, MNST, MYL, YHOO, ATI,
GLW, GMCR, JCP, LVS, SINA, UAL, WLT,
Bull Flag: PWRD,
Gap Up:
Gap Down:
Bear Flag:
At Support: QCOM, CLF,
Moves
New Highs: AMZN, BBBY,
ROST, SBUX, F, MFRM, P, TSLA, XONE, ZION,
Gap Up: PCLN, C, TIF, UNG,
Gap Down:
H&D Breakout: AAPL, ATVI, CELG, COST, FAST, GILD, NFLX, SPY,
SSYS,
Breakout Test: CNX,
Bounce: DELL, ANR,
MACD Divergence Bounce:
Bear Flag:
Support Break: INTC,
______________________
50 of 100 Leading NDX stocks closed higher on Monday...and two were unchanged.
Leading NDX 100 stocks included:
PCLN, NFLX, DELL, SIRI, CTRX, NWSA, LMCA, CA, CMCSA, AMZN, ORCL, BBBY
Lagging NDX stocks included:
AVGO, INTC, SNDK, MXIM, VRTX, ALXN MCHP
Leading stocks > +2% on Monday included: ANR, AKS, SOHU, LDK, SINA, C, TIF
Lagging stocks < -2.0% included: VECO, SWKS, CDE, CREE, CRUS, GRPN, SMH,
TPX, TSL
Stocks to Watch on Tuesday
Holding Above 30 DMA= 69
MU, SPLS, AVGO, CSCO, AMZN, DLTR,
ADBE, INTU, SBUX, BBBY, EXPE, MCHP, PCLN, SNDK, SRCL, VRTX, ALTR, CA, LINTA,
MAT, MNST, ORLY, PCAR, 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, CERN, CHRW,
COST, CTXS, EXPD, GILD, LIFE, MYL, NUAN, PAYX, XRAY, TXN
Moving Above 30 DMA = 3
DELL, SIAL, SIRI,
Moving Below 30 DMA = 4
AMAT, GRMN, ISRG, KLAC
Staying Below 30 DMA
INTC, MSFT, NVDA, CTRX, ORCL,
WYNN, YHOO, MDLZ, BIDU, GOLD, REGN, AAPL, FAST, AKAM, FFIV, BRCM, SHLD, SBAC,
QCOM, EQIX, ADSK, AMGN, MXIM, NWSA
Four-Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up
1 comment:
Thanks Dave. I read your blog 2x a day.
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