Stocks End Trading Session At Close To Break Even...FB Bounces Closing Up 4.58%...

Four out of nine sectors moved higher on Tuesday…XLV, XLB and XLK were the strongest sectors…XLY was the weakest.  

Breadth weakened …as decliners led advancers 1.35 to 1 on the NYSE and 1.23 to 1 on the NASDAQ.

Tuesday – weakened, decliners led

Monday – weakened slightly, advancers led

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

SPY down .13 at 195.45 on 48.6 million shares, below average volume

VIX down .13 at 11.02…

TNX up .22 at 26.35…

TLT down .37 at 111.06...

XLF down .02 at 22.88 on 19.8 million shares

AAPL up .52 at 94.22 on 60 million shares

FB up 2.86 at 65.74…on 67.9 million shares, above average volume

Technical Commentary:

IWM – 0.20%, SPY – 0.02%, DIA + 0.06%, QQQ + 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 = 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, GLW, GOGO, P, RAX, UBNT, V, ZION, BBRY, ETFC, JDSU, AMZN, YHOO,  

Diagonal Breakout: GME, MFRM,  

Bull Flag:  AIG, SWI, GLD, ADSK, MSFT, PCLN, SBUX, SNDK, STX, TRIP, WDC,

Potential Bullish Divergence:   

Gap Up:    

Gap Down:

Bear Flag: 

At Support: QCOM,     

C- Pattern:  

Moves

New Highs: AAPL,  

H Breakout: NTES, TWTR, YOKU, FB, MNST,  

Diagonal Breakout: JCP, LNKD, MNST,   

Bull Flag Bounce:  

Gap Up:  

Gap Down: UNG, CTSH,   

Breakout Test:  

Bounce: CRM, UAL,

MACD Divergence Bounce: LVS,

Bear Flag:     

Support Break: SFUN,   

C- Pattern:  

      

______________________

19 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: FB, BIDU, MNST, ILMN, MU, WFM, AMZN, NFLX, INTC

Lagging NDX stocks included: CTSH, EBAY, ROST, TSLA, SNDK, QCOM, TRIP

Leading stocks > +2% on Tuesday included: LNKD, CTRP, UAL, UBNT, CRM, JCP, GME

Lagging stocks < -2.0% included: SFUN, SUNE, UNG 

Stocks to Watch on Wednesday

Holding Above 30 DMA= 86

MAR, CHRW, EXPD, SIAL, MDLZ, MU, SNDK, CHTR, AAPL, CTXS, ADP, CELG, FISV, EQIX, NXPI, AVGO, LBTYA, SBAC, 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, LLTC,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, FAST, ISRG, LMCA, PCAR, TSCO, MAT, PAYX, VRSK, CHKP, YHOO, WFM

Moving Above 30 DMA = 1

MNST

Moving Below 30 DMA = 5

BBBY, CTSH, DTV, QCOM, ROST                 

Staying Below 30 DMA

CA, GILD, WYNN, DISH, SPLS, VOD, XLNX, EBAY

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up/Neutral