Five of nine sectors moved higher on Monday…XLI,
XLF and XLK were the strongest sectors…XLU was the
weakest.
Breadth weakened
slightly…as advancers
led decliners 1.59
to 1 on
the NYSE and 2.19 to 1 on the NASDAQ.
Monday – weakened slightly, advancers led
Friday – weakened,
advancers led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY up .21 at 195.58 on 65 million shares, below average volume
VIX up .42 at 11.15…
TNX up .16 at 26.13…
TLT down .16 at 111.43...
XLF up .10 at 22.90 on 32.2 million shares
AAPL up 1.48 at 93.70 on 75.3 million shares
FB up .38 at 62.88…on 37.5 million shares, below average volume
Technical Commentary:
IWM + 0.88%,
SPY + 0.10%, DIA + 0.09%, QQQ – 0.08%.
S&P 500 and DJIA close at
another record high.
AAPL has 7 for 1 stock split…volume
heavy.
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 = 194.89, 198.09 …
QQQ = 93.56, 96.39…
IWM = 116.57, 118.62…
Support Levels
SPY = 191.96, 190.88,
189.81…
QQQ = 91.34, 90.44…
IWM = 115.02, 113.84…
Q1 Earnings Reactions
Positive Reactions –
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 – KKD,
SPLK, 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, 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, BRCM,
CHKP, CTSH, EXPE, FEYE, GRPN, KLAC, KMB, LLTC, LXK, MOS, NUE, PCAR, STLD, WDC, ZION
Reversal of Initial
Reaction – ADM, AIG, AKAM, AKS, ARWR, ATI, BAC, BMY, BRCM, CAR, CELG, COF, DDD, DIS,
DISCA, DVA, ESRX, F, FFIV, IBM, JCI, K, KRFT, LLY, LNKD, LVS, MMM, MU, NKE, NSC,
NUE, NVDA, PG, PRGO, QCOM, SAVE, SIRI, SOHU, STX, SUNE, T, UPS, VIAB, VMW, VZ,
YNDX, YY, ANGI, ANR, BTU, COG, DECK,
ETFC, RF, SCHW, SWK, INTC, YHOO
The SPY Market Forecast green line is in the upper zone at 98.
____________________
Setups
Horizontal Breakout: ANGI,
BX, IWM, NKE, P, STI, UBNT, V, VRSN, ZION, BBRY, JDSU, TWTR, X, AKAM, TXN,
Diagonal Breakout: CREE,
DDD, JCP, LNKD, MFRM, NTES, SCHW, SINA, MNST, YHOO,
Bull Flag: SPWR, XONE,
PCLN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: FAS, RCL, SPY,
AAPL, BRCM, GRMN,
H Breakout: GOGO, RAX,
Diagonal Breakout: ETFC,
Bull Flag Bounce:
Gap Up: STI,
Gap Down: LVS, WYNN,
Breakout Test:
Bounce:
MACD Divergence Bounce:
Bear Flag:
Support Break: EBAY,
GILD,
C- Pattern:
______________________
54 of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: ADI, ATVI, AAPL, KLAC, VRTX, LLTC, GRMN, ILMN,
MXIM, FAST
Lagging NDX stocks included: GMCR, GILD, WYNN, SNDK, MU, NFLX, STX, ALXN,
TSLA, AMGN, CA
Leading stocks > +2% on Monday
included: JD, UBNT,
GOGO, ANGI, MTW, STI
Lagging stocks < -2.0% included:
UAL, GME
Stocks to Watch on Monday
Holding Above 30 DMA= 91
MAR, CHRW,
EXPD, SIAL, MDLZ,MU, SNDK, GILD, CHTR, AAPL, CTXS, DTV, ADP, CELG, FISV, EQIX,
NXPI, AVGO, LBTYA, SBAC,QCOM, ATVI, KRFT, FOXA, GMCR, ALXN, SYMC, CTRX, ILMN,
ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA, FFIV, TRIP,
BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, ESRX, EXPE, LLT, PCLN, SBUX, VRTX, VIAB,
FB, ALTR, CERN, DLTR,NTAP, TXN, DISCA, REGN, TSLA, AMZN, GRMN, KLAC, NVDA, ADI,
INTC, LINTA, MYL, STX, WDC, VIP, COST, ORLY, SRCL, FST, ISRG, LMCA, CTSH, PCAR,
TSCO, MAT, PAYS, ROST, VRSK, CHKP, YHOO,
BBBY
Moving Above 30 DMA = 3
MNST
Moving Below 30 DMA = 2
CA, MNST,
Staying Below 30 DMA
WYNN,
DISH, SPLS, VOD, XLNX, EBAY
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
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