One of nine sectors moved higher on Monday…XLV,
XLB and XLE were the strongest sectors…XLP was the weakest sector.
Breadth weakened… advancers
led decliners…1.42 to 1 on the NYSE and 1.19 to 1 on the NASDAQ…
Monday
– weakened, decliners led
Friday – weakened, advancers
led
Thursday – strengthened
– advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened –
advancers led
SPY
down .62…at 166.00…volume 89.5 million shares
VIX
up 1.01…at 14.99…
TNX
down .13 at 28.05…
TLT
up .52 at 104.81...
XLF
down .12 at 19.93…volume 29.9 million shares
AAPL
up 1.95 at 502.97…volume
11.8 million shares
FB
up .79 at 41.34…volume 94 million shares
Technical Commentary:
QQQ +0.05%, IWM + 0.01%, SPY- 0.37%, DIA
– 0.41%.
Stocks gained on light volume
during the day then reversed in late trading when decliners moved ahead of
advancers.
AMGN gapped up
8.15 or 7.72% breaking through horizontal resistance of early August on 11.5
million shares of volume.
DDD also
gapped up advancing 3.46 or 7.14% on volume of 10.4 million breaking horizontal
resistance of late May and late July.
JCP trading
lower in after-market trading on higher volume.
Q2 Earnings Reactions
Positive Reactions – ADSK, ROST, GME, 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 – P, SHLD, PWRD, 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, TIF, WLT,
Diagonal Breakout: TLT,
Bull Flag: AAPL, ADSK, GRMN, MSFT, ROST, GME, TBT,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag: ADBE, BBBY, COST, EBAY, ESRX, FAST, INTC, MAT, MYL,
SBUX, SIRI, SNDK, STX, WFM, ALK, ATI, BAC, C, CIEN, DNKN, F, FAS, FSLR, GLW, RAX,
SPLK, SPY, TPX,
At Support: DTV, CRM, UAL,
Moves
New Highs: FB, NFLX, TSLA, WYNN, GMCR, KKD, LNKD, NTES,
Gap Up: AMGN, DDD, SSYS,
Gap Down:
H&D Breakout:
Breakout Test:
Bounce:
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
38 of 100 NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: AMGN, CHRW, REGN, CELG, AVGO,
FB, ALXN, NFLX, DLTR, TSLA
Lagging NDX stocks included:
EXPE, ADSK, MDLZ, MSFT, NUAN, CTRX, CHKP, FFIV, KRFT, AMZN
Leading stocks > +2% on Monday included: DDD, PWRD, GRPN, SSYS, XONE, LDK
Lagging stocks < -2.0% included: ANR,
V, SINA
Stocks to Watch on Tuesday
Holding Above 30 DMA= 38
TSLA, GRMN, PCLN, VIAB, FB, NTAP,
SYMC, NFLX, BMC, FISV, CTXS, MYL, AKAM, BIDU, CTRX, QCOM, AAPL, WYNN, FOXA,
DELL, MU, FOSL, GOLD, NVDA, ROST, CTSH, ADSK, CA, CHKP, DLTR, EXPD, GILD, SBUX,
TXN, INTU, MSFT, ORLY, VRSK
Moving Above 30 DMA = 5
AMGN, AVGO, CELG, CHRW, ISRG
Moving Below 30 DMA = 6
ADP, FFIV, NUAN, VOD, YHOO, MDLZ
Staying Below 30 DMA
ATVI, WDC, SHLD, PAYX, SPLS, SIAL,
HSIC, ALTR, ALXN, CSCO, EBAY, KLAC, LIFE, LLTC, MCHP, MXIM, SIRI, SRCL, XLNX,
XRAY, ADI, LMCA, BBBY, CMCSA, ESRX, PCAR, WFM, DISCA, MNST, FAST, ADBE, COST,
LBTYA, AMAT, AMZN, BIIB, CERN, KRFT, GOOG, LINTA, REGN, DTV, SBAC, EXPE, VRTX,
SNDK, EQIX, STX, BRCM, MAT, INTC
Seven-Week Intermediate Term Market Trend: Neutral
5-Day Short Term Market Trend: Neutral
No comments:
Post a Comment