Two of nine sectors moved higher on
Monday…XLK, XLI and XLY were the
strongest sectors…XLU was the
weakest sector.
Breadth strengthened…advancers
led decliners…1.18 to 1 on the NYSE and 1.25 to 1 on
the NASDAQ…
Monday
– strengthened – advancers led
Friday – weakened –
decliners led
Thursday – strengthened
– advancers led
Wednesday –
strengthened, decliners led
Tuesday – weakened,
decliners led
SPY
down .20…volume 68.5 million shares
VIX
down .60…at 12.81…
TNX
up .25 at 26.05…
TLT
down .73 at 106.53...
XLF
down .08 at 20.34…volume 27.1 million shares
AAPL
up 12.91 at 467.36…volume
13 million shares
FB
down .28 at 38.22…volume 31.1 million shares
Technical Commentary:
IWM + 0.55%, QQQ + 0.24%%, DIA – 0.05%, SPY
– 0.12%.
SSYS made a new
high on Monday closing up 8.07 or 8.49% on 1.6 million in volume. BBRY had a gap up today gaining 1.02 or 10.45% on
increased volume of 92.8 million shares.
AAPL bounced
today gaining 12.91 or 2.84% on 13 million in volume. In the after market AAPL is up another
1.06 or .23%
With the majority of companies quarterly earnings
behind traders can now focus on the technical setup rather than avoiding setups
due to a pending earnings release.
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 – 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
in the upper zone.
____________________
Setups
H Breakout: AKAM, CSCO, NFLX, QCOM, WYNN, ANR, DDD, GMCR,
GME, LNKD, MFRM, NFLX, P, SPLK, TPX, XONE,
Diagonal Breakout: TLT, VECO, WLT, ZION
Bull
Flag: AMGN, AMZN, ATVI, BBBY, CELG, CMCSA, CTSH, FAST, FB, GILD, TSLA, XLNX, CIEN,
ESI, RCL, TBT, TSLA, YELP,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: COST, ESRX,
Moves
New Highs: SINA, SSYS,
Gap Up: FFIV, BBRY, GLD, KKD,
Gap Down: GOOG, MNST, JNPR,
H&D Breakout: AAPL,
YHOO, CREE, SOHU,
Breakout Test:
Bounce: GRMN, INTC, ROST, SHLD, SCSS,
MACD Divergence Bounce:
Bear Flag:
Support Break: CMG, GS,
______________________
53 of 100 Leading NDX stocks closed higher on Monday and two were unchanged.
Leading NDX 100 stocks included: FFIV, AAPL, SHLD, YHOO, AVGO,
GOLD, KLAC, SPLS, GRMN, NFLX, NUAN, STX, CSCO, ROST, WDC, ORLY, ADI
Lagging NDX stocks included:
ALXN, TSLA, BIIB, EXPE, LBTYA, REGN, FAST, MNST, SNDK, EQIX, AMGN, KRFT
Leading stocks > +2% on Monday included: BBRY, SSYS, CDE, LDK, AKS, SOHU, CRUS,
MOS, MCP, SWK, LNKD, SINA, CCREE, X, SWKS, SWI, DE
Lagging stocks < -2.0% included: TSLA,
YELP
Stocks to Watch on Tuesday
Holding Above 30 DMA= 66
TSLA, SPLS, CSCO, GRMN, INTU,
BBBY, MCHP, PCLN, SRCL, ALTR, CA, ORLY, ROST, VOD, VIAB, FB, LMCA, CMCSA, HSIC,
VRSK, ADP, ALXN, CHKP, CTSH, NTAP, SYMC, WFM, NFLX, BMC, CELG, FISV, LLTC,
XLNX, ADI, ATVI, CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, SIRI,
AKAM, YHOO, AMGN, BIDU, FFIV, MDLZ, CTRX, QCOM, AAPL, SBUX, MXIM, WYNN, MNST,
FOXA, NUAN, DELL, MU, FOSL, ADSK, GOLD, WDC
Moving Above 30 DMA = 3
AVGO, KLAC, PCAR
Moving Below 30 DMA = 4
ESRX, FAST, NVDA, DISCA
Staying Below 30 DMA
ADBE, COST, DLTR, EBAY,
LBTYA, AMAT, AMZN, BIIB, CERN, CHRW, KRFT, GOOG, LINTA, SHLD, REGN, DTV, SBAC,
EXPE, VRTX, SNDK, EQIX, STX, MSFT, BRCM, MAT, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Neutra
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