Four of nine sectors moved higher on Monday…XLU,
XLB and XLE were the strongest sectors…XLI was the
weakest sector.
Monday – weakened, advancers led
Friday – strengthened,
advancers led
Thursday - mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened, decliners
led
SPY down .10 at 195.72 on 70.4 million shares
VIX up .31 at 11.57…
TNX down .16 at 25.16…
TLT up .28 at 113.52...
XLF down .02 at 22.74 on 37.5 million shares, above average volume
AAPL up .95 at 92.93 on 49.5 million shares
FB down .31 at 67.29…on 27.1 million shares
Technical Commentary:
IWM +0.40%,
QQQ + 0.17%,
SPY – 0.05%, DIA – 0.17%.
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 = 196.05, 197.87, 198.99 …
QQQ = 93.02, 94.31, 94.89…
IWM = 117.48, 118.48, 120.67, 121.76…
Support Levels
SPY = 193.11, 191.96,
190.88…
QQQ = 91.73, 90.44…
IWM = 114.66, 113.62…
EARNINGS this week:
Monday –
Tuesday –
CAMP, PAYX
Wednesday
– STZ,
Thursday –
ESI
Friday –
Q1 Earnings Reactions
Positive Reactions –
APOL, BKS, KBH, MON, MU, NKE, SCHN, ADBE, BBRY, FDX, RHT, YGE, ULTA, CIEN,
BIG, PANW, GLNG, QIHU, AAPL, ADSK, AET, ALL, ALXN, AMAT, ANGI, ANR, APA, ATVI, BA, BHI,
BIDU, BTU, BWLD,
BX, C, CHRW, CNX, COG, CTRP, CTRX, CTXS, DAL, DAVE, DDS, DECK, DHI, DNB, DO, DTV, DV, EA, ENR, ETFC, FCX, FISV, FNMA, FOXA, GE, GILD, GMCR, GME, GOGO, GRMN, HAL, HAS, HOG, HPQ, HUM, IBKR, INTC, JCP, JNJ,
KO, LPNT, LRCX, LVLT, MA, MAR, MGM, MNST, MRK, MS, NOK, NTAP,NXPI, PBI, PCLN,
POT, PRU, RF, S, SCHW, SCTY,
SNDK, SPWR, STI, SWK, SWKS, TKR, TMUS, TPX, TRIP, TRV, TSL, TSO, TWX, UNP, URI,
UTHR, VRSK, WFC, WLP, WYNN, XRX, YELP, YHOO, Z
Negative Reactions – BBBY,
GIS, CCL, WAG, ORCL, LULU, KKD, SPLK, ACI, ADM, AEIS, AIG, AKAM, AKS, ALTR, AMGN, AMZN, ARWR, ATI, BAC, BIIB, BMY, BRCM, CAR, CBOE, CELG, CHKP, CLF, CLX, COF, CREE, CTSH, DDD, DIS, DISCA, DISH, DKS, DVA, EBAY, ESI, 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, NKE,NSC, NUE, NVDA, P, PCAR, PFE, PG, PNRA, PRGO, QCOM,
REGN, SAVE, SEE, SFUN, SIRI, SOHU, SPLS, SSYS, STLD, STT, STX, SUNE, SWI, T, TJX, TSLA, TSN, TWTR, UA, UBNT, UNH, UPS, V, VECO, VIAB, VMW, VRTX, VZ, WDC, WFM, XLNX, YNDX, YY, ZION, ZNGA,
Reversal in progress – AEIS, AMGN, AMZN, BRCM,
CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, LULU, MOS, NUE, PCAR, STLD,
TWTR, WDC, ZION
Reversal of Initial
Reaction – ADM, AIG, AMGN, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF,
DDD, DIS, DISCA, DVA, ESRX, F, FEYE, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS,
MMM, MU, NKE, NSC, NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, SPLK, SSYS,
STX, SUNE, T, TSLA, UBNT, UNH, UPS, VIAB, VMW, VZ, YNDX, YY, ANR, BTU, COG, YHOO
The SPY Market Forecast green line is rising in the upper zone at 89.
____________________
Setups
Horizontal Breakout: CRM,
FAS, FSLR, GOGO, LNKD, QIHU, SCHW, SPY, SSYS, YNDX, TPX, AAPL, AVGO, BIDU, DTV,
EBAY, GILD, GMCR, GRMN, STX, WDC, XLNX,
Diagonal Breakout: AIG,
BX, DAL, ETFC, JNPR, SOHU, IBM, QCOM, TXN,
Bull Flag:
STI, ZION, AKAM,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: C, KKD, COST,
C- Pattern:
Moves
New Highs: ATI, CTRP,
Z,
H Breakout: BBRY, CSIQ,
FEYE, IWM, TSL, XONE, SINA, ILMN, MU, SNDK,
Diagonal Breakout: JCP,
V,
Bull Flag Bounce:
Gap Up: CREE, PANW, NTAP,
YHOO,
Gap Down:
Breakout Test:
Bounce: BAC, CIEN, GTAT,
HOG, MS, SWKS, UBNT, UNG, UPL, VRSN, BRCM, MNST,
MACD Divergence Bounce:
Bear Flag:
Support Break:
C- Pattern:
______________________
24 of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: MU, ILMN, NTAP, MNST, YHOO, SNDK, AVGO
Lagging NDX stocks included: CTXS, TRIP, MSFT, ELG, CTSH, SBUX
Leading stocks > +2% on Monday
included: GRPO, XONE,
CTRP, CSIQ, BBRY, FEYE, PANW, GOGO, CREE, Z, LNKD, MS
Lagging stocks < -2.0% included:
MFRM, AAL
Stocks to Watch on Tuesday
Holding Above 30 DMA= 69
MAR, CHRW,
SIAL, MU, SNDK, CHTR, AAPL, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT, GMCR,
CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, INTU, MSFT, BIDU, CMCSA, TRIP BRCM,
GOOG, SIRI, AKAM, AMGN, BIIB, EXPE, LLTC, SBUX, FB, ALTR, TXN, TSLA, AMZN,
GRMN, KLAC, ADI, INTC, MYL, STX, WDC, ORLY, SRCL, FAST, ISRG, LMCA, CHKP, XLNX,
PAYX, SYMC, CTSH, DTV, MAT, DISH, LINTA, VRTX, FISV, GILD, SBAC, WYNN, FFIV,
VOD, VIAB
Moving Above 30 DMA = 6
DLTR,
MNST, NTAP, YHOO, MDLZ, LBTYA
Moving Below 30 DMA = 4
CTXS, HSIC, FOXA, VIP
Staying Below 30 DMA
PCLN, COST,
PCAR, MXIM, ALXN, NVDA, QCOM, WFM, BBBY, CA, CERN, ROST, DISCA, REGN, ESRX,
VRSK, EXPD,TSCO, SPLS, EBAY
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
