Stocks Gain In Session...Many Stocks Bounce From A Low...Numerous With A Positive MACD Divergence...AAPL Hits New High...

Seven out of nine sectors moved higher on Monday…XLK, XLV and XLF were the strongest sectors…XLU was the weakest sector again.

Breadth weakened slightly…as advancers led decliners 1.86 to 1 on the NYSE and 2.23 to 1 on the NASDAQ.

Monday – weakened, advancers led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – weakened, decliners led

Tuesday – weakened, decliners led

SPY up .69 at 188.74 on 63.7 million shares, below average volume

VIX down .02 at 12.42…

TNX up .18 at 25.36…

TLT down .84 at 112.70...

XLF up .12 at 21.86 on 20 million shares

AAPL up 7.08 at 604.59 on 11.3 million shares

FB up 1.19 at 59.21…on 42.9 million shares, below average volume

Technical Commentary:

DIA + 0.06%, SPY + 0.37%, QQQ + 0.70%, IWM + 1.08%.

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, 191.07, 192.27…

QQQ = 89.77, 90.77…

IWM = 113.84, 115.25…

Support Levels

SPY = 189.14, 188.21, 186.01

QQQ = 88.21, 87.07, 85.53

IWM = 111.22, 110.09, 108.28

Q1 Earnings Reactions

Positive Reactions – ADSK, AMAT, DDS, JCP, AAPL, AET, ALL, ALXN, ANGI, ANR, APA, ATVI, BA, BHI, BIDU, BTU, BWLD, BX, C, CHRW, CNX, COG, CTRP, CTRX, CTXS,  DAL, DAVE, DECK, DHI, DNB, DO, DTV, DV, EA, ENR, ETFC, ESI, FCX, FISV, FNMA, FOXA, GE, GILD, GMCR, GME, GRMN, HAL, HAS, HOG, HUM, IBKR, INTC, JNJ, KO, LPNT, LRCX, LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NXPI, PBI, POT, PRU, RF, S, SCHW, SCTY, SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSO, TWX, UNP, URI, UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z

Negative Reactions – ACI, ADM,  AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BBRY, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DVA, EBAY, ESRX, EXPE, F, FAST, FEYE, FFIV, FXCM, GOOG, GRPN, IBM, JAZZ, JCI, JDSU, JPM, K,  KLAC, KMB, KRFT, LLTC, LLY, LNKD, LVS, LXK, MCP, MMM, MOS, MTW, MU, MXIM, NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM, REGN, SAVE, SEE, SFUN, SIRI, SOHU, SSYS, STLD, STT, STX, SUNE, SWI, T, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA, 

Reversal in progress – AKAM, BRCM, CHKP, CTSH, EXPE, GRPN, KMB, LLTC, LXK, MOS, NUE, STLD, SUNE, ZION

Reversal of Initial Reaction – ADM, AIG, AKS, ARWR, ATI, BAC, BMY, CAR, CELG, COF, DDD, DIS, F, IBM, K, KRFT, LLY, LVS, MMM, MU, NSC, NUE, NVDA, PG, SIRI, T, UPS, VZ, YNDX, ANGI, BIDU, NFLX, RF, INTC

The SPY Market Forecast green line is in the upper zone at 80.

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Setups

Horizontal Breakout: AAL, CREE, CTRP, JDSU, KKD, MS, NKE, RCL, SCSS, Z, BX, CIEN, ESI, LNKD, SWI, V, EBAY, SBUX,

Diagonal Breakout: GME, IWM, JNPR, MFRM, PANW, SCSS, UAL, CRM, QIHU, SFUN, SPLK, VRSN, BIDU, FB, PCLN, STX,  

Bull Flag: TLT, GMCR,   

Potential Bullish Divergence:   

Gap Up:  

Gap Down:  

Bear Flag:  

At Support: BBRY, WFM,

C- Pattern: 

Moves

New Highs: AAPL,  

Gap Up: GOGO,

Gap Down:  

H Breakout: CTRP, SOHU, YELP, YNDX, ADBE, COST, FFIV, NFLX, SNDK,

Diagonal Breakout: P,  

Breakout Test:  

Bull Flag Bounce:  

Bounce: FAS, FSLR, GLW, SPWR, SPY, STI, SWKS, TPX, UAL, LNDK, LVS, YELP, CTSH, GRMN, MU, NTAP, PCLN, QCOM, TRIP, TXN,  

MACD Divergence Bounce: C, CREE, GME, MTW, SCHW, ZION, BAC, TBT, TSL, YOKU, INTC, XLNX, YHOO,

Bear Flag: 

Support Break:  

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74 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: ILMN, TRIP, FFIV, NFLX, MXIM, MU, VRTX, NVDA, TSLA

Lagging NDX stocks included: DTV, DISH, ISRG

Leading stocks > +2% on Monday included: CTRP, Z, PANW, GME, GOGO, P, YELP, LNKD, CRM, YOKU

Lagging stocks < -2.0% included: UPL, XONE

Stocks to Watch on Tuesday

Holding Above 30 DMA= 60

MAR, CHRW, SPLS, EXPD, SIAL, MDLZ, MU, SNDK, GILD, CHTR, AAPL, CTXS, DTV, ADP, CELG, FISV, EQIX, NXPI, AVGO, MAT, VRSK, LBTYA, SBAC, QCOM, ATVI, KRFT, COST, FOXA, GMCR, ALXN, MNST, SYMC, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, BIIB, DLTR, HSIC, INTU, MSFT, MXIM, PAYX, ROST, SBUX, VIAB, REGN

Moving Above 30 DMA = 7

BIDU, CMCSA, FFIV, NVDA, ORLY, VRTX, TRIP

Moving Below 30 DMA = 1

DISH

Staying Below 30 DMA

AKAM, SIRI, SRCL, VOD, INTC, TXN, FB, LMCA, GRMN, YHOO, CTSH, EXPE, LINTA, MYL, WYNN, TSLA, BRCM, FAST, CHKP, PCAR, ADI, WDC, VIP, STX, ISRG, KLAC, LLTC, NTAP, XLNX, BBBY, ALTR, AMGN, DISCA, TSCO, EBAY, ESRX, WFM, AMZN, CERN, PCLN, CA,

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral