Only one of nine sectors moved higher on
Monday…XLV, XLK and XLY were the strongest sectors…XLE was the weakest sector.
Breadth weakened…decliners
led advancers…4.33 to 1 on the NYSE and 2.33 to 1 on the NASDAQ…
Monday
– weakened, decliners led
Friday – strengthened,
decliners led
Thursday – weakened,
decliners led
Wednesday – weakened,
decliners led
Tuesday – strengthened –
advancers led
SPY
down 1.06…volume 96.4 million shares
VIX
up .73…at 15.10…
TNX
up .55 at 28.84…
TLT
down .90 at 102.47...
XLF
down .26 at 19.76…volume 38.2 million shares
AAPL
up 5.41 at 507.74…volume
18.2 million shares
FB
up .73 at 37.08…volume 57.5 million shares
Technical Commentary:
QQQ – 0.18%, DIA – 0.50%, SPY – 0.64%, IWM – 1.01%.
Broad markets failed to hold their early bounce. AAPL, GOOG, INTC and FB added to the NDX while MSFT,
EBAY and QCOM weighed down the NDX.
Healthcare stocks JNJ (morning star candle), AGN (morning star candle), HUM and
UNH rose as did SSYS, NTES and QIHU, NKE and BIDU among other
leaders on Monday. P, GMCR and
UA bounce. V and COH at horizontal
support are forming a MACD bullish divergence.
Short-term market posture continues defensive.
Q2 Earnings Reactions
Positive Reactions – JRCC, RAX, SSYS, TMUS, SGMS, FWLT, MNST, GRPN, TSLA, AGU, BOFI,
FOSL, ADM, MGM, DSW, WPO, CNK, KORS, SATS, MGM, EAT, VIAB, YOKU,
AIG, CTRX, CHK, COP, LNKD, MELI, MYL, NUS, ZAGG, CMCSA, CTRP, GRMN, HES, MA,
MCHP, SODA, YELP, QCOR, FISV, BWLD, MTW, VRTX, WYNN, SWK, SBUX,
ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM, RCL, HSY, UA, UAL, V, FB,
BIDU, TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY,
MCO, AKS, FCX, BTU, UTX, HAS, TXN, 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 – CREE, MCP, GMCR, SCTY, SUNE, Z, CAR, CHRW, FSLR, LINTA,
ANR, CVX, CME, XOM, K, DTV, RVBD, X, COH, DISCA, ESRX, SOHU, DLR,
CERN, CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP, SWI, TPX, EQIX, ABC, CROX,
ANGI, ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, 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
out of the upper zone and pointed down.
____________________
Setups
H Breakout: BIDU, NFLX, TSLA, WYNN, LVS, NTES, P, SINA, SWI,
Diagonal Breakout: COST, CTSH, GILD, NTAP, NUAN, PCLN, XLNX,
ALK, CMG, GME, JCP, KKD, PWRD,
Bull
Flag: FFIV, MU, QCOM, SBUX, SIRI, SYMC, TXN, WDC, BAC, BBRY, CLF, CNX, CRM, ESI,
GRPN, GS, RAX, RCL, STI, TIF, YELP, Z,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: AKAM, AMGN, DTV, FAST, ATI, FIVE, MFRM, VECO,
Moves
New Highs: TBT,
Gap Up: UNG,
Gap Down: C,
H&D Breakout: FB, DDD, GMCR, SSYS, TSLA,
Breakout Test:
Bounce: GOOG, MNST, LNKD,
MACD Divergence Bounce: INTC,
Bear Flag:
Support Break: ATVI, BRCM, SHLD, ANGI, JNPR, SCSS, TPX,
______________________
24 of 100 NDX stocks closed higher on Monday and two were unchanged.
Leading NDX 100 stocks included: TSLA, FB, ISRG, INTC, MNST,
AAPL, GOOG, DLTR, GRMN, GILD
Lagging NDX stocks included:
ATVI, SHLD, GOLD, SPLS, SIRI, BRCM, FFIV, LBTYA, FOSL, FOXA, EBAY, LMCA,
VRTX
Leading stocks > +2% on Monday included: SSYS, NTES, GMCR, FAZ, TSLA
Lagging stocks < -2.0% included: ANR,
TSL, CLF, AKS, X, HLF, FAS, CDE, MCP, URE, UAL, GES, RCL, TPX, ZAGG, GLW, C,
ESI
Stocks to Watch on Tuesday
Holding Above 30 DMA= 28
TSLA, GRMN, PCLN, CA, VIAB, FB,
CHKP, NTAP, SYMC, NFLX, BMC, FISV, ATVI, CTXS, MYL, AKAM, BIDU, FFIV, CTRX,
QCOM, AAPL, WYNN, FOXA, DELL, MU, FOSL, GOLD, NVDA
Moving Above 30 DMA = 0
Moving Below 30 DMA = 8
ADSK, INTU, ORLY, SBUX, SIAL, SPLS, VOD, TXN
Staying Below 30 DMA
HSIC, NUAN, PAYX, MDLZ, ADP, ALTR,
ALXN, AMGN, CELG, CSCO, CTSH, EBAY, EXPD, KLAC, LIFE, LLTC, MCHP, MXIM, SIRI,
SRCL, XLNX, XRAY, YHOO, ADI, WDC, LMCA, AVGO, BBBY, CMCSA, DLTR, ESRX, GILD,
PCAR, ROST, WFM, DISCA, VRSK, MNST, FAST, ADBE, COST, LBTYA, AMAT, AMZN, BIIB,
CERN, CHRW, KRFT, GOOG, LINTA, SHLD, REGN DTV, SBAC, EXPE, VRTX,SNDK, EQIX,
STX, MSFT, BRCM, MAT, ISRG, INTC
Six-Week Intermediate Term Market Trend: Neutral
10-Day Short Term Market Trend: Down
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