Stocks End Session Mixed With The S&P 500 Slightly Down While The NASDAQ Gains 0.2%...Gold Has Biggest Gains Since February...GRPO Ends The Day Up 13.39%...

Four of nine sectors moved higher on Monday…XLU, XLB and XLE were the strongest sectors…XLI was the weakest sector. 

 Breadth weakened…as advancers led decliners 1.52 to 1 on the NYSE and 1.27 to 1 on the NASDAQ.

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