All nine sectors moved higher on Monday…XLI,
XLK and XLF were the strongest
sectors…XLE was the weakest sector.
Breadth strengthened as advancers
led decliners 2.68 to
1 on the NYSE and 1.78 to
1 on the NASDAQ.
Monday – strengthened, advancer led
Friday – strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY up 1.67 at 186.33 on 97.3 million shares, below average volume
VIX down 2.18 at 15.64…
TNX up .54 at 26.99…
TLT down .81 at 107.71...
XLF up .23 at 22.03 on 37.5 million shares
AAPL up 2.05 at 526.74 on 7.1 million shares
FB up 1.02 at 68.74…on 52 million
shares
Technical
Commentary:
DIA +
1.07%, SPY + 0.90%, QQQ + 0.88%, IWM + 0.44%.
Investors
were bullish today with strong gains in the broad markets…the DJIA broke
its five day down trend with a bounce and gained 181.55 by the closing bell…while the NASDAQ
gained 34.55
and the S&P 500 gaining 17.70 and
going into positive territory for the year.
There were numerous stock bounces in today’s trading session…as
investors seemed to ‘shrug’ the vote on the Crimea/Russian issue. Instead released economic reports appeared to
be of stronger interest to investors…including industrial production in
February growing at a faster rate than the previous six months.
SINA gapped up on the positive MACD
divergence gaining 4.24 or 6.56% on today’s volume of 7.8 million shares. Z
broke a diagonal resistance to add gains of 4.58 or 5.26% on 2.6 million shares. Z is at a triple top and appears set
to break horizontal resistance on increasing volume.
HLF continued its downward trend today
sliding another 4.54 or 7.82% on 6.4 million shares.
Trade with the trend of the chart
you are trading and continue
to move your protective stops. Continue to follow your rules.
Short-term
up trend Chart Targets:
SPY = 187.15, 189.25,
190.55…
QQQ = 90.96, 92.25, 93.05…
IWM = 118.71, 120.64,
121.84…
Support Levels
SPY = 183.75, 182.60
QQQ = 88.87, 87.35,
86.49
IWM = 115.58
Q4 Earnings Reactions
Positive Reactions –
KKD, MFRM, KKD, BIG, FL, JOY, DRYS, TSL, DDD, MNST, ROST, YOKU, CRM,
SHLD, ANF, TGT, DLTR, LOW, HD, M, SCTY, ZU, PCLN, DISH, INTU, AEE, MDRX,
ALEX, DTV, TSLA, GRMN, SWY, KRFT, AMAT, CTRP, NVDA, SPWR, TRIP, REGN,
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, UA, 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 – GOGO,
CIEN, COST, CSIQ, HOV, MCP, SSYS, ADSK, CRM, FSLR, SINA, ESRX,
GRPN, YNDX, KO, A, GNC, WTW, VFC, WFM, ANGI, CSCO, DISCA, NTAP, RAX, CI,
LNKD, TPX, VRSN, ADP, CTSH, HUM, MDC, P, TSO, TWTR, ADM, BWLD, CERN, CHRW, DDD,
SFLY, 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 (104)
Reversal in progress
–ADSK, ATI, A, CRUS CSX, CVX, GS, COF, JNJ, IBM, JCI, KEY, KO, LNKD, MA, RAX,
STX, WFM (18, 18%)
Reversal of Initial
Reaction – SINA, AA, AAPL, ABT, ADP, ADM, ALTR, BWLD, DISCA, CERN, CL, CSCO, CTSH, CTXS, DDD,
HAL, EMC, ESRX, FAST, FDO, FSLR, HOG, BAX, VRSN, HUM, P, GILD, PCAR, MDC, MMM,
CELG, HOG, POT, SHW, GLW, DD, HON, SWK, ISRG, KLAC, LMT, SFLY, TPX, TSCO, TSO, WHR,
UNH, VZ, WDC, VFC, VMW, YHOO, XOM, ZION (54, 51%)
The Market Forecast Green Line closed at 81.
____________________
Setups
H Breakout: PANW,
Diagonal Breakout:
Bull Flag: ESRX,
One Day:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs:
Gap Up: FSLR, SINA, SPY, UNG, YHOO,
Gap Down: VRSN,
H Breakout: ATI, GME, MTW, Z, ROST,
Diagonal Breakout: ANGI,
Breakout Test:
Bull Flag Bounce:
Bounce: A, AAL, ANR, BAC, BX, C, CSIQ, FAS, GLW, GOGO,
HOG, IBM, LVS, NKE, RAX, RCL, SOHU, SSYS, STI, SWI, TBT, TPX, UAL, V, XONE,
YELP, ADBE, ADSK, CTSH, EBAY, FFIV, GOOG, GRMN, MNST, NTAP, PCLN, QCOM, SNDK,
TXN, WFM, WYNN, XLNX,
MACD Divergence Bounce: CMCSA,
Bear Flag:
Support Break:
______________________
79 of 100 NDX stocks
closed higher and two
were unchanged on Monday.
Leading NDX 100 stocks included: YHOO, BIIB, QCOM,
FAST, FFIV, CHKP, PCAR, GRMN, TXN, ATVI, GMCR, MXIM
Lagging NDX stocks included: ILMN, LBTYA, ESRX,
VRTX
Leading stocks > +2% on Monday
included: SINA, Z, XONE, FSLR, AAL, GOGO, WLT, ANR, UAL, MTW
Lagging stocks < -2.0% included: VRSN, KKD, LNKD
Stocks to Watch on
Monday
Holding Above 30 DMA= 54
BIIB,
MXIM, TSLA, NXPI, ALTR, ALXN, REGN, FB, ADBE, DISH, EBAY, AKAM, AVGO, DTV,
PCAR, AMGN, ATVI, EXPE, MSFT, MYL, NVDA, TRIP, XLNX, MAR, AMAT, KLAC, TXN,
GRMN, HSIC, LINTA, LLTC, VIAB, KRFT, MDLZ, FISV, DISCA, CTXS, FAST, INTU, WFM,
BBBY, DLTR, ROST, SIAL, ADP, TSCO, ESRX, PAYX, AMZN, MAT, SBUX, CHKP, LMCA,
GMCR
Moving Above 30 DMA = 11
BRCM, CERN, CTSH, INTC, PCLN, QCOM,
SNDK, STX, WYNN, YHOO, ADI
Moving Below 30 DMA = 2
LBTYA, SBAC
Staying Below 30 DMA
AAPL, COST, BIDU, FFIV, GOOG, ISRG, MNST, MU, ORLY, SRCL, EQIX, NFLX,
FOXA, ILMN, CA, VRSK, ADSK, VOD, WDC, CELG, GILD, SPLS, VRTX, SIRI, CTRX,
CMCSA, CSCO, NTAP, CHTR, CHRW, SYMC, EXPD, VIP
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral
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