All nine
sectors
moved lower on Monday…XLB, XLP and XLE were the strongest sectors…while
XLK was unchanged and the weakest sector.
Breadth weakened
as decliners
led advancers 1.98 to
1 on the NYSE and 1.69 to
1 on the NASDAQ.
Monday – weakened, decliners led
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY down 1.31 at 184.98 volume 167.3 million shares, above average volume
VIX up 2.00 at 16.00…
TNX down .51 at 26.07…
TLT up .72 at 109.03...
XLF down .17 at 21.53 volume 49.6 million shares
AAPL up 1.52 at 527.76 volume 8.5 million shares
FB down 1.05 at 67.41…volume 56.8 million shares
Technical
Commentary:
IWM -0.54%,
SPY -0.70%, QQQ -0.74%, DIA
-0.94%.
SPX and SPY from their all-time high on
Friday…NDX and RUT continued to pull back from their new highs on
Thursday…XLF fell back to the short-term support of its trading range
and did not break out.
XLB, XLI, XLK, XLV and XLY pulled back on Monday and are
forming bull flag patterns.
The
Ukraine instability with the Russian occupation has caused concerns for
investors in markets…stock futures opened today sharply down due to the Ukraine
concerns…and finished today lower…seeing the worst sell-off in a month. DJIA closed sharply down 153.68 and the NASDAQ
was off 30.82 with
the S&P 500 down 13.72. The Ukraine concerns had investors
switching to the US dollar, gold, oil, and wheat…yes wheat…Wheat saw a rise
today of 5.23%...Ukraine is the world’s
6th largest exporter of wheat. Gold futures was up 2.17% closing
the highest since last October closing at $1,350.30 an ounce...and crude oil
was up 2.27%.
(Posted
Friday - Technically stocks are poised to move higher with strength in
Financial stocks and other sectors.
However, political uncertainty in Ukraine over the weekend and into next
week could create selling pressure in stocks.
VIX near unchanged on Friday after volatile day. GLD in bull flag and TLT bonds
rise to resistance.)
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 = 184.10, 187.99…
QQQ = 90.43, 92.25, 94.26…
IWM = 115.39, 117.37…
Support Levels
SPY = 181.85, 180.29 179.04
QQQ = 89.00, 87.74,
86.97
IWM = 113.65, 111.21
Q4 earnings season…
The majority of earnings
season is done, however there are still a few companies including DRYS, MCP, SSYS, AZO, CSIQ, HOV, CIEN,
COST, JOY, QIHU, BIG, FL, and TSL that
will report over the next few days…
Q4 Earnings Reactions
Positive Reactions – 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 – 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 (94)
Reversal of Initial
Reaction – WDC, DISCA, XOM, CTXS, DDD, SFLY, TPX, VZ, ABT, BAX, AAPL,
CL, VRSN, CSCO, ADP, CTSH, HUM, P, TSO, ADM, CERN, GILD, PCAR, MMM, CELG, HOG,
POT, SHW, EMC, GLW, DD, VMW, YHOO, ZION, HON, SWK, ALTR, ISRG, KLAC, LMT, HAL,
FAST, FDO, AA (44, 46%)
The Market Forecast Green Line closed at 90.
____________________
Setups
H Breakout:
Diagonal Breakout:
Bull Flag: AAL, BBRY, CSIQ, GME, NKE, P, SCSS,
SCTY, FB, GILD, GMCR, GOOG, MU, NFLX, PCLN, SNDK, TRIP, TSLA, WDC,
One Day:
Potential Bullish
Divergence:
Gap Up:
Gap Down: SPLK, SWI,
Bear Flag: ESI,
At Support: ANGI,
BAC, C, JNPR, NTES, SSYS,
C- Pattern:
Moves
New Highs: LVS, SOHU, SWKS, DTV, GRMN, WYNN,
DTV,
Gap Up: GLD
Gap Down: RCL, QCOM, KKD, UAL, YNDK, ADSK,
H Breakout:
Diagonal Breakout:
Breakout Test:
Bounce: MU,
MACD Divergence Bounce:
Bear Flag:
Support Break: CREE,
______________________
24 out of 100 NDX
stocks closed higher on Monday.
Leading NDX 100 stocks included: TSLA, REGN, ISRG,
MU, SNDK, WDC, ATVI, ILMN, VRTX, DTV
Lagging NDX stocks included: VIP, ALXN, EXPE,
QCOM, VIAB, MNST, MXIM, LBTYA, MAR, VOD
Leading stocks > +2% on Monday
included: BBRY, YOKU, GLS, SWKS
Lagging stocks < -2.0% included: YNDX, TSL, SPLK, CSIQ, ANGI, RCL, CREE,
XONE, SSYS, UNG, KKD, AAL, FAS, TWTR, UAL, C, BX, SWI, SCTY
Stocks to Watch on Tuesday
Holding Above 30 DMA= 76
ILMN,
EQIX, FFIV, ISRG, MU, BIIB, MXIM, TSLA, NXPI, NFLX, ALTR, ALXN, REGN, FB, GMCR,
GOOG, WYNN, ADBE, DISH, ORLY, EBAY, AKAM, AVGO, DTV, PCAR, AMGN, ATVI, CERN,
EXPE, GILD, MNST, MSFT, MYL, NVDA, PCLN, SNDK, TRIP, ADI, MAR, XLNX, AMAT, CHKP,
KLAC, TXN, CTSH, GRMN, HSIC, KRFT, LINTA, LLTC,VIAB, BIDU, FOXA, LMCA, MDLZ,
FISV, LBTYA, DISCA, CTXS, FAST, INTU, VOD, WDC,WFM, BBBY, CA, DLTR, ROST, SIAL,
ADP, COST, TSCO, SPLS, CELG, SBAC, YHOO
Moving Above 30 DMA = 1
AAPL
Moving Below 30 DMA = 4
ESRX, INTC, QCOM, SIRI
Staying Below 30 DMA
ADSK, BRCM, VRTX, CTRX, VRSK, CMCSA, CSCO, SBUX, SRCL,CHTR, NTAP, CHRW, AMZN,
SYMC, STX, EXPD, VIP, PAYX, MAT
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral
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