Five of nine sectors moved higher on Monday
and one was unchanged…XLU, XLE and XLP were the
strongest sectors…XLF was the weakest.
Sector Posture – all sectors are positive
Positive trend: XLB, XLE, XLF, XLI, XLK,
XLP, XLV, XLY, XLU
Neutral trend near
resistance:
Neutral trend near
support:
Breadth was
mixed…as advancers
led decliners 1.04
to 1 on
the NYSE and 1.12 to 1 on the NASDAQ.
Monday – mixed, advancers led
Friday – strengthened,
advancers led
Thursday – mixed,
decliners led
Wednesday – weakened,
decliners led
Tuesday – weakened,
decliners led
SPY up .16 at 194.29 on 74.8 million shares
VIX up .47 at 12.65…
TNX down .07 at 25.97…
TLT up .28 at 112.43...
XLF down .11 at 22.50 on 32.4 million shares
AAPL up .92 at 92.20 on 34.9 million shares
FB down .31 at 64.19…on 30.7 million shares
Technical Commentary:
IWM +0.48%,
QQQ +0.08%, SPY +0.30%, DIA +0.1404.
SPY, QQQ, DIA form higher high and higher low
than Friday…poised for support bounce bull flag entry.
IWM makes 20 cent bounce gives potential entry
signal.
XLE makes new all-time closing high. XLF, XLI, XLK, XLP, XLU, XLV and XLY in bull
flag price pattern.
FIO +2.08,
+22.41% gaps
higher after $1.1 cash buyout offer from SNDK.
COV +14.73,
+20.45% gaps up
following $42.9 billion cash and stock buyout offer from MDT.
WMB +8.84,
+18.74% gaps up following analyst upgrade and $65 price target.
NUAN +1.66,
+9.71% gains on news of discussions with possible suitors.
While the bull flag pattern is a short-term trend continuation
pattern, wait for the bounce as the entry Chart
Signal.
We’ll be watching AAPL for a potential bounce, XLF for continued strength and a
potential bounce on dozens of bull flags on Tuesday.
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…
IWM = 117.48, 118.48…
Support Levels
SPY = 193.11, 191.96,
190.88…
QQQ = 91.73, 90.44…
IWM = 114.66, 113.62…
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 84.
____________________
Setups
Horizontal Breakout: SSYS,
Diagonal Breakout:
Bull Flag:
SPY, QQQ, IWM, DIA, AXP, CAT, CSCO, DD, GE, JNJ, JPM, MMM, MRK, UNH, UTX, XLB,
XLF, XLI, XLK, XLV, XLY, BAC, BX, CIEN, DAL, FAS, JD, MS, MTW, RAX, RCL, SCHW,
SCSS, STI, TPX, YNDX, ZION, AAPL, ADSK, AMZN, CELG, CMCSA, FB, GRMN, ILMN, MAR,
NTAP, TRIP, ALL, BBY, BHI, CL, CNX,
Potential Bullish Divergence: IBM, WMT,
Gap Up:
Gap Down:
Bear Flag: EBAY,
At Support:
C- Pattern:
Moves
New Highs: MU, TRV, XLE,
APA, AMAT, EQIX, CVX, SPWR, Z, SNDK, STX,
H Breakout: UBNT, Z,
TWTR, SNDK, STX,
Diagonal Breakout:
Bull Flag Bounce: DIS,
HD, AAL, AIG, CTRP, GOGO, MFRM, SWI, ADBE, MNST, NFLX, SBUX,
Gap Up:
Gap Down: VRTX, YHOO
Breakout Test:
Bounce:
MACD Divergence Bounce:
Bear Flag:
Support Break:
C- Pattern: FSLR
______________________
57 of 100 NDX stocks
closed higher and one was unchanged on Monday.
Leading NDX 100 stocks included: TSLA, SNDK, ISRG, AKAM, MU, MNST, TRIP, ALTR, CTRX,
ADBE
Lagging NDX stocks included: VRTX, YHOO, LBTYA, GOOG, VIP, ESRX, TSCO, WYNN,
DISCA, SRCL
Leading stocks > +2% on Monday
included: SUNE, SPWR,
Z, CTRP, SCTY, UBNT, DDD, SPLK, FSLR, GOGO, CSIQ, TWTR, JASO, SFUN, PANW, SSYS,
TSL, GTAT, MFRM, MTW
Lagging stocks < -2.0% included:
WLT, JD, ANR, ANGI,
Stocks to Watch on Tuesday
Holding Above 30 DMA= 78
MAR, CHRW,
SIAL, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, EQIX, NXPI, AVGO, ATVI, KRFT,
FOXA, GMCR, ALXN, CTRX, ILMN, ADSK, NFLX, CSCO, ADBE, AMAT, HSIC, INTU, MSFT,
MXIM, BIDU, CMCSA, FFIV, TRIP, BRCM, GOOG, SIRI, AKAM, AMGN, BIIB, ESRX, EXPE,
LLTC, SBUX, VIAB, FB, ALTR, CERN, DLTR, NTAP, TXN, DISCA, REGN, TSLA, AMZN,
GRMN, KLAC, NVDA, ADI, INTC, LINTA, MYL, STX, WDC, VIP, COST, ORLY, SRCL, FAST,
ISRG, LMCA, CHKP, WFM, MNST, XLNX, ADP,
PAYX, PCAR, SYMC
Moving Above 30 DMA = 2
PCLN,
VRSK,
Moving Below 30 DMA = 5
EXPD, MDLZ, TSCO, VRTX, YHOO
Staying Below 30 DMA
SBAC, GILD,
LBTYA, MAT, FISV, BBBY, CTSH, DTV, QCOM, ROST, CA, WYNN, DISH, SPLS, VOD, EBAY
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
No comments:
Post a Comment