Trend Resumes as SPX, DJIA Near All-Time Highs...Z Zips...UAL Flys...RCL Cruisin'...Financials Bounce...

After-hours Alert:  TWTR -11.24%, ESRX -5.56%, PNRA -4.40% and EBAY -4.33% down on earning reactions.

Seven of nine sectors moved higher on Tuesday…XLF, XLB and XLK were the strongest sectors…XLP was the weakest sector.  Defensive sectors XLP, XLU pause with bearish harami.

Breadth strengthened as advancers led decliners 1.49 to 1 on the NYSE and 1.12 to 1 on the NASDAQ.

Tuesday – strengthened, advancers led

Monday – strengthened, mixed

Friday - weakened, decliners led

Thursday – strengthened, decliners led

Wednesday – weakened, decliners led

SPY up .88 at 187.75 on 84 million shares, below average volume

VIX down. 26 at 13.71…

TNX up .18 at 26.95…

TLT down .15 at 110.64...

XLF up .21 at 21.93 on 27.7 million shares, below average volume

AAPL down 1.76 at 592.33 on 12 million shares

FB up 2.01 at 58.15…on 75.4 million share

Technical Commentary:

QQQ + 0.80%, DIA + 0.51%, SPY + 0.47%, IWM + 0.25%.

SPY and DIA had a bull flag bounce on Tuesday and both are less than one dollar away from their all-time high.  AAPL pauses as YHOO earnings flag, WYNN, TRIP, TSLA, FB, EXPE and GILD bounce.

MU Bull Flag...

                    (click image to enlarge)

CHRW +3.59%, FISV +3.08%, MAR +1.20% up in after-hours trading on positive earning reactions.

TWTR -11.24%, ESRX -5.56%, PNRA -4.40% and EBAY -4.33% down in after-hours trading on negative earning reactions.

There are several hundred more earning announcements this week.

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 = 187.17, 189.70…

QQQ = 86.90, 87.88…

IWM = 113.84, 115.25…

Support Levels

SPY = 183.37, 181.38

QQQ = 85.09, 84.16, 83.15, 82.03

IWM = 110.12, 108.91, 106.99

Earnings This Week:

Monday: BWLD, GLW, SOHU

Tuesday:  DDD, ADM, BMY, CHRW, CHKP, COH, CNX, EBAY, ESRX, FISV, MAR, MRK, MGM, NOK, PCAR, PNRA, STX, SWI, SAVE, S, GT, TWTR, X, VLO, VRSK

Wednesday: GRMN, JDSU, MET, TSO, TWX, WDC, YELP

Thursday:  AKAM, ANR, CTRX, CLX, DVA, EXPE, XOM, ESI, K, KRFT, LNKD, MDC, MA, TMUS, TPX, VRTX, VIAB, WYNN

Friday:  LNG

Q1 Earnings Reactions

Positive Reactions – CNX, MGM, MRK, NOK, S, BWLD, AAPL, AET, ALXN, ANGI, BA, BHI, BIDU, BTU, BX, C,COG, CTXS,  DAL, DAVE, DECK, DHI, DO, DV, ETFC, FCX, GE, GILD, GME, HOG, HAL, HAS, HOG, IBKR, INTC, JNJ, KO, LPNT, LRCX, MS, NXPI, POT, RF, SCHW, SNDK, SPWR, STI, SWK, SWKS, TKR, TRV, UNP, URI, WFC, XRX, YHOO

Negative Reactions – ADM, BMY, CHKP, COH, DDD, GT, PCAR, SAVE, SOHU, ACI, AKS, ALTR, AMGN, AMZN, ATI, BAC, BBRY, BIIB, BRCM, CELG, CLF, CREE, F, FAST, FFIV, GOOG, IBM, JCI, JPM, KLAC, KMB, LLTC, LLY, LVS, LXK, MMM, MU, MXIM, NSC, NUE, P, PG, QCOM, SIRI, STLD, STT, T, UA, UNH, UPS, V, VMW, VZ, XLNX, YNDX, ZIOIN, ZNGA,  

Reversal in progress – ATI, IBM, LLTC, STLD, ZION

Reversal of Initial Reaction – AKS, BAC, MU, PG, ANGI, BIDU, NFLX, RF, INTC

The SPY Market Forecast green line is flat at 71.

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Setups

H Breakout: ATI, CELG, CMCSA, COST, DTV, GILD, MSFT,

Diagonal Breakout: GME, SPY, LVS, TBT, MNST, NTAP, ROST,

Bull Flag: SWKS, TLT, NTES,

One Day: XLP, XLU

Potential Bullish Divergence: TSL, BAC, BX, DDD, QIHU, SCTY, SINA, SPLK, SSYS,

Gap Up: CHRW, FISV, MAR,

Gap Down: EBAY, ESRX, PNRA, TWTR,

Bear Flag: 

At Support: SCTY, WDC,   

C- Pattern:   

Moves

New Highs: HOG,  

Gap Up: CNX,

Gap Down: DDD, GOGO, COH, CHKP, ADM, GT,

H Breakout: UNG,      

Diagonal Breakout: 

Breakout Test:

Bull Flag Bounce:   

Bounce: AAL, C, CTRP, FAS, KKD, MS, MTW, NKE, PANW, RCL, SPY, TPX, Z, ZION, ANGI, ANR, CIEN, CRM, CSIQ, ESI, LVS, NTES, RAX, SFUN, SINA, SOHU, SWI, UBNT, YNDX, AMZN, BIDU, FFIV, INTC, MU, NFLX, PCLN, TSLA, TXN, YHOO,

MACD Divergence Bounce: JDSU, JNPR, UAL, X, BAC, LNKD, P, QIHU, SPLK, TWTR, YELP, ADBE, AKAM, EBAY, ESRX, FB, GRMN, STX, TRIP, WYNN,   

Bear Flag:

Support Break: SSYS 

______________________

72 of 100 NDX stocks closed higher on Tuesday and two were unchanged.

Leading NDX 100 stocks included: REGN, YHOO, WYNN, VRTX, TRIP, TSLA, ALXN, FB, EQIX, EXPE, GILD, FFIV, BIDU

Lagging NDX stocks included: CHKP, PCAR, CHTR, ISRG, WFM

Leading stocks > +2% on Tuesday included: Z, UAL, CTRP, RCL, FAS, X, MTW YNDX, YELP, LVS, ANR, SPLK, P, TWTR, LNKD, QIHU, CRM, UBNT, SOHU

Lagging stocks < -2.0% included: DDD, SSYS

Stocks to Watch on Tuesday

Holding Above 30 DMA= 24

MAR, KRFT, INTC, CSCO, CHRW, SPLS, NVDA, COST, EXPD, SIAL, MDLZ, MU, SNDK, CMCSA, ORLY, GILD, CHTR, MYL, AAPL, CTXS, SRCL,VOD, DTV, MSFT

Moving Above 30 DMA = 8

ADP, ALXN, CELG, FISV, SYMC, YHOO, EQIX, NXPI

Moving Below 30 DMA = 1

DLTR

Staying Below 30 DMA

BIDU, LINTA, FOXA, AVGO, BRCM, CHKP, FAST, GRMN, MXIM, PCAR, TXN, ADI, WDC, ILMN, FFIV, QCOM, VIP, EXPE, STX, FB, REGN, SBAC, TSLA, ISRG, AMAT, KLAC, LLTC, MAT, NTAP, XLNX,BBBY, ROST, DISH, ALTR, AMGN, ATVI, CTSH, HSIC, PAYX, VIAB, DISCA, SBUX,TSCO, INTU, AKAM, EBAY, ESRX, WFM, LMCA, TRIP, ADBE, AMZN, BIIB, GMCR, CERN, PCLN, WYNN, LBTYA, MNST, NFLX, CA, VRSK, BRTX, SIRI, CTRX, GOOG

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral/Up