Six of nine
sectors
moved higher on Monday…XLV, XLU and XLB were the strongest sectors…while
XLI was the weakest sector.
Breadth weakened
as advancers
led decliners 1.45 to
1 on the NYSE and 1.45 to
1 on the NASDAQ.
Monday – weakened, advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
SPY up .33 at 180.01 volume 85.6 million shares, below average volume
VIX down .03 at 15.26…
TNX up .03 at 26.78…
TLT up .30 at 107.09...
XLF up .02 at 21.31 volume 43.1
million shares
AAPL up 9.31 at 528.99 volume 12.3 million shares
FB down .77 at 63.55…volume 43.6 million shares…below average volume
Technical
Commentary:
QQQ + 0.57%,
IWM + 0.26%, SPY + 0.18%, DIA – 0.02%.
Monday’s
trading saw gains…for a 3rd straight day…with the DJIA
gaining 7.71, and the NASDAQ
gaining 22.31…with the help of AAPL
which was up 9.31. The S&P 500 gained 2.82 to
close at 1,799.84 and is closing in on its 52 week high of 1,851. Of note…was the lighter trading volume…in all
markets.
TSLA sizzled today…gapping up…and breaking
all previous highs…setting a new all-time high today with a gain of 10.03 up 5.38% to
close at 196.56 on volume of 12.9 million shares.
RAX is off in-after hours trading on
news that the cloud-technology company’s Chief Executive Napier would retire…RAX
trading down 4.65
or 11.53%.
Trade with the trend of the chart
you are trading and move
your protective stops. Be mindful of
reversal patterns like double bottoms and MACD divergences. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 179.81, 180.65,
182.54…
QQQ = 86.80, 87.87, 88.99…
IWM = 111.02, 113.65…
Support Levels
SPY = 177.52, 176.79
QQQ = 85.98, 85.55,
85.12
IWM = 109.05, 107.27
Q4 earnings season…
The majority of earnings
season is done, however there are still several companies including AMAT, CSCO, DISCA, DISH, GRMN, KRFT, NTAP,
NVDA, PCLN, REGN, TRIP, TSLA and WFM that will report over the next many
days…
Q4 Earnings Reactions
Positive Reactions – CBOE,
MCO, ATVI, AKAM, EXPE, GMCR, NXPI, ONNN, ORLY, SCSS, SWI, TWX, DIS, YELP, AGNC, KORS, KEYW,
IDXX, XYL, YUM, NOV, SPG, TSN, ZNGA, ALXN, BRCM, BX, CMG, GOOG, JDSU,
MTW, PHM, RYL, VIAB, V, BA, DOW, FB, LVS, QCOM, VLO, AKS, AAL, CHKP, EA, F,
ILMN, LXK, CAT, RCL, JNPR, MSFT, KMB, PG, MXIM, SBUX, NFLX, FFIV, URI,
UNP, EBAY, MCD, CREE, TXN, UTX, NUAN, XLNX, BHI, DAL, RF, MS, SLB, STI, AXP,
SWKS, BAC, LLTC, WEN, MON, MU, STZ, APOL
Negative Reactions – CI,
LNKD, VRSN, ADP, CTSH, HUM, MDC, P, TSO, TWTR, ADM, BWLD, CERN, CHRW, GILD, CVX, MA,
MAT, PCAR, AMZN, MMM, CELG, CL, XOM, ESI, HOG, OSTK, POT, SHW, WHR, BA, CTXS,
EMC, TSCO, CRUS, GLW, DD, F, VMW, YHOO, AAPL, STX, ZION, HON, KSU, SWK, STT,
ALTR, ISRG, KLAC, KEY, JCI, LMT, WDC, ABT, BAX, ATI, COH, FCX, AMD, IBM, HAL,
JNJ, TRV, VZ, GE, COF, INTC, UNH, C, GS, CSX, FAST, AA, FDO, BBBY, SCHN
Reversal of Initial
Reaction – CTSH, P, ADM, CERN, GILD, GLW, HON, FAST, FDO, AA
The Market Forecast Green Line turned up above 25 on Monday.
____________________
Setups
H Breakout: A, FAS, GOGO, JDSU, JNPR, QIHU, RCL, SCSS, SPLK,
STI, ESRX, FFIV, GOOG, PCLN, SBUX,
Diagonal Breakout: BAC, BBRY, CREE, DDD, IWM, KKD, MFRM, MS,
NKE, NTES, SPWR, XONE, BIDU, CTSH, GRMN, WDC,
Bull Flag: CRM, SWI,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: MU, TSLA,
Gap Up: GOLD, SCTY, TSLA,
Gap Down:
H Breakout: GRPN, SWKS, MNST, QCOM,
Diagonal Breakout: CSIQ, FSLR, TSL,
Breakout Test:
Bounce: TLT, VRSN, GILD,
MACD Divergence
Bounce:
Bear Flag:
Support Break: TPX,
______________________
64 out of 100 NDX
stocks closed higher on Monday.
Leading NDX 100 stocks included: TSLA, ALXN, MNST,
ILMN, GMCR, ISRG, GILD, AKAM
Lagging NDX stocks included: GRMN, EBAY, ATVI,
FB, PCAR, CTSH, VOD FISV, TSCO, ORLY
Leading stocks > +2% on Monday
included: XONE, TSL, KKS, GME, FSLR, SINA, VRSN, SCTY
Lagging stocks < -2.0% included: ESI, UNG, WLT, ANR, TPX, TWTR
Stocks to Watch on Tuesday
Holding Above 30 DMA= 50
ILMN,
ESRX, CMCSA, EQIX, FFIV, SBAC, ISRG, MU, BIIB, MXIM, TSLA, NXPI, NFLX, CHTR,
ALTR, ALXN, REGN, GOOG, WYNN, FB, GMCR, ADBE, ORLY, DISH, EBAY, ADSK, AKAM,
AVGO, BRCM, CSCO, DTV, PCAR, VRTX, WFM, AMGN, ATVI, CERN, EXPE, GILD, MNST,
MSFT, MYL, NTAP, NVDA, PCLN, QCOM, SIAL, SNDK, TRIP, MAR
Moving Above 30 DMA = 4
HSIC, SBUX, XLNX, ADI
Moving Below 30 DMA = 1
CHKP
Staying Below 30 DMA
SRCL, CHRW, WDC, AMZN,
CTRX, VRSK, SYMC, SIRI, STX, AAPL, AMAT, CA, CELG, CTSH, EXPD, FAST, FISV,
KLAC, LLTC, VOD, TXN, VIP, ADP, BIDU, CTXS, GRMN, KRFT, INTC, INTU, MDLZ,
LBTYA, TSCO, PAYX, ROST, DLTR, BBBY, SPLS, FOXA, MAT, DISCA, COST, LMCA
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
No comments:
Post a Comment