Five of nine sectors moved higher on Monday…XLI,
XLB and XLY were the strongest sectors…XLP was the
weakest.
Breadth weakened…as decliners led advancers 1.11 to 1 on the NYSE and 1.62 to 1 on the NASDAQ.
Monday – weakened, decliners led
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday – weakened,
mixed
Tuesday – strengthened,
advancers led
SPY up .22 at 192.90 on 64.1 million shares
VIX up .18 at 11.58…
TNX up .77 at 25.34…
TLT down .85 at 112.96...
XLF up .06 at 22.35 on 20.2 million shares
AAPL down 4.35 at 628.65 on 13.1 million shares
FB down .22 at 63.08…on 35.8 million shares, below average volume
Technical Commentary:
DIA +
0.16%, SPY + 0.11%, QQQ – 0.10%, IWM -0.54%.
S&P 500 and DJIA
close the day with record highs…S&P up 1.40 and the DJIA up 26.46…nearly
.2%.
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 = 191.49, 192.85,
194.36…
QQQ = 91.36, 93.39…
IWM = 114.55, 115.02…
Support Levels
SPY = 190.42, 188.54,
188.01…
QQQ = 88.61, 87.85,
86.58…
IWM = 113.03, 112.02,
111.04…
Q1 Earnings Reactions
Positive Reactions –
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 – 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: BX,
C, CTRP, SWKS, TPX, BAC, SWI, AKAM, CELG, MSFT, NTAP, QCOM, TXN,
Diagonal Breakout: LVS,
ZION, COST,
Bull Flag: CREE,
GOGO, IWM, JASO, LNKD, MS, P, QIHU, SFUN, SOHU, SUNE, TSL, VRSN, YELP, YNDX, Z,
CSIQ, JDSU, SCTY, TWTR, UBNT, ADBE, BIDU, CTSH, FB, GOOG, PCLN, TSLA, WYNN,
Potential Bullish
Divergence: MTW,
Gap Up:
Gap Down:
Bear Flag:
At Support: HOG,
JNPR, SCSS, SPLK,
C- Pattern:
Moves
New Highs: AAL, DAL,
Gap Up:
Gap Down:
H Breakout: AIG, FAS,
CMCSA,
Diagonal Breakout: STI,
UAL,
Breakout Test:
Bull Flag Bounce:
Bounce:
MACD Divergence Bounce:
IBM,
Bear Flag:
Support Break: GME,
NTES,
______________________
60 of 100 NDX stocks
closed higher on Monday and two were unchanged.
Leading NDX 100 stocks included: BRCM, CHTR, AMAT, VIAB, WYNN, AVGO, NTAP,
LBTYA
Lagging NDX stocks included: ESRX, TSLA, WFM, XLNX, AMZN, SBAC, GOOG, CTXS,
KRFT
Leading stocks > +2% on Monday
included: MFRM, UAL,
AAL, DDD, DAL
Lagging stocks < -2.0% included:
ANGI, WLT, ANR, ESI, BBRY, SCTY, YOKU,
TWTR, UBNT, JDSU, QIHU, CIEN, JCP, LNKD, GME, YELP
Stocks to Watch on Tuesday
Holding Above 30 DMA= 82
MAR CHRW,
EXPD, MDLZ,SIAL,MU,SNDK,CHTR,GILD,AAPL, CTXS, DTV, ADP, CELG, EQIX,
FISV, NXPI, AVGO, LBTYA, SBAC, QCVOM, ATVI,KRFT, FOXA, GMCR, ALXN, CTRX, ILMN,
MNST, YMC, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT, MXIM,BIDU, CMCSA,
FFIV, TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, ESRX, EXPE, FB, LLTC, MAT,
PCLN, SBUX,VIAB, VRTX,ALTR,CERN,DISCA,DLTR, NTAP, REGN, TSLA, TXN, WYNN, ADI,
AMZN, GRMN, KLAC,NVDA,PAYX, INTC, LINTA, MYL, STX,VIP, WDC, COST, ORLY, SRCL
Moving Above 30 DMA = 3
FAST, ISRG, LMCA
Moving Below 30 DMA = 1
CTSH
Staying Below 30 DMA
VRSK, CHKP, PCAR, DISH, YHOO, ROST,
SPLS, VOD, XLNX, BBBY, TSCO, EBAY, WFM, CA
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Up
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