Five of nine sectors moved higher on Monday…XLE,
XLK and XLF were the strongest sectors…XLI was the
weakest.
Breadth weakened…as decliners led advancers 1.01 to 1 on the NYSE and 1.29 to 1 on the NASDAQ.
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – mixed
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
advancers led
SPY down .06 at 195.88 on 70.4 million shares
VIX up .13 at 10.98…
TNX down .01 at 26.23…
TLT down .35 at 111.45...
XLF up .05 at 22.88 on 19.4 million shares
AAPL down .08 at 90.83 on 43.6 million shares
FB up .87 at 65.37…on 34.4 million shares
Technical Commentary:
QQQ +
0.02%, IWM – 0.19%, DIA – 0.10%, SPY – 0.03%.
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, 120.30…
Support Levels
SPY = 193.11, 191.96,
190.88…
QQQ = 91.73, 90.44…
IWM = 114.66, 113.62…
EARNINGS this week:
Monday – HTZ, MU,
Tuesday –
CCL
Wednesday –
APOL, BKS, BBBY, GIS, MON
Thursday –
ESI, LEN, NKE, SCHN
Friday –
KBH, FINL
Q1 Earnings Reactions
Positive Reactions –
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 – ORCL,
LULU, 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, ANR,
BTU, COG, YHOO
The SPY Market Forecast green line is rising in the upper zone at 94.
____________________
Setups
Horizontal Breakout: FAS,
FSLR, GOGO, P, RCL, TPX, X, XONE, YOKU, CTSH,
Diagonal Breakout: BAC,
HOG, MFRM, SFUN, LVS, EBAY, PCLN,
Bull Flag:
CREE, CTRP, ETFC, QIHU, SPWR, ADSK, BRCM, GMCR, GRMN, NFLX, STX, WDC,
Potential Bullish
Divergence: ESI, IBM,
Gap Up:
Gap Down:
Bear Flag:
At Support: CIEN, SWI,
COST,
C- Pattern:
Moves
New Highs: MSFT,
H Breakout: DDD, SSYS,
SPLK, GOOG, TSLA,
Diagonal Breakout:
Bull Flag Bounce:
Gap Up:
Gap Down:
Breakout Test:
Bounce: C, GTAT, JNPR,
MFRM, BIDU,
MACD Divergence Bounce:
Bear Flag:
Support Break: UNG,
C- Pattern:
______________________
42 of 100 NDX stocks
closed higher on Monday and one was unchanged.
Leading NDX 100 stocks included: TSLA, VRTX, DISH, BIDU, GOOG, BBBY
Lagging NDX stocks included: ILMN, ALXN, BIIB, MU, REGN, AMGN, KRFT, YHOO,
MXIM, NVDA
Leading stocks > +2% on
Monday included: DDD, SSYS,
GOGO, FEYE, YELP, JD, P, UBNT, BBRY, MFRM
Lagging stocks < -2.0% included:
JCP, UNG, JASO
Stocks to Watch on Tuesday
Holding Above 30 DMA= 73
MAR, CHRW,
SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT, CMGR,
CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM, BIDU, CMCSA,
FFIV, TRIP, BRCM GOOG, SIRI, AKAM, AMGN,
BIIB, EXPE, FB, LLTC, SBUX, VIAB, ALTR, CERN, DISCA, DLTR, NTAP, REGN, TSLA,
TXN, ADI, AMZN, GRMN, KLAC, NVDA, INTC, MYL, STX, VIP, WDC, ORLY, SRCL, FAST, ISRG, LMCA, CHKP, MNST,
XLNX, PAYX, PCAR, SYMC, CA, CTSH, DISH, DTV, MAT, QCOM
Moving Above 30 DMA = 1
LINTA
Moving Below 30 DMA = 6
ALXN, FFIV, GILD, NVDA, QCOM, VIAB
Staying Below 30 DMA
COST,
PCLN, WFM, FOXA, BBBY, CA, CERN, ROST, YHOO, DISCA, REGN, ESRX, VRSK, EXPD,
VRTX, MDLZ, TSCO, SBAC, LBTYA, WYNN, SPLS, VOD, EBAY
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral
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