Just
one of nine sectors moved higher on Monday… XLE, XLI and XLU were the
strongest sectors…XLP was the weakest sector.
Sector Posture – seven sectors are positive
Positive trend: XLB, XLE, XLF, XLK, XLP,
XLV, XLY
Neutral trend near
resistance: XLI, XLU
Neutral trend near
support:
Breadth weakened as decliners led advancers 1.71 to 1 on the NYSE and 1.62 to 1 on the NASDAQ.
Monday – weakened,
decliners led
Friday – strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened, decliners
led
SPY down .37 at 197.34 on 67.5
million shares, below average volume
VIX up .75 at 12.81…
TNX down .10 at 24.74…
TLT up .57 at 115.09...
XLF down .06 at 22.85 on 14.3 million shares
AAPL down .49 at 93.94 on 38.8 million shares
FB up .98 at 69.40…on 49.4 million shares
Technical Commentary:
QQQ – 0.12%,
SPY – 0.19%, DIA –
0.23%, IWM – 0.40%.
Trade with the trend of
the chart you are trading and continue to move your profit protection
stops. Continue to follow
your rules.
Short-term up trend Chart
Targets:
SPY = 198.12, 199.06…
QQQ = 94.89, 96.31…
IWM = 116.46, 120.51…
Support Levels
SPY = 196. 59, 194.13,
193.11…
QQQ = 93.57, 91.73,
90.44…
IWM = 114.66, 113.16…
Earnings this week:
Monday – HAL, HAS, PETS, STI, CMG, NFLX, STLD, TXN, ZION
Tuesday – ATI,
MO, KO, CMCSA, DD, HOG, KMB, LXK, LMT, MCD, BTU, RF, STT, TRV, UTX, VZ, AAPL, BRCM, EA,
HTZ, ISRG, JNPR, LLTC, MSFT, NBR, VMW, XLNX
Wednesday – ANGI, T, BIIB, BA, CA, CHKP,
CRUS, CTXS, DAL, DOW, ETFC, FFIV, FB, FCX, GD, GILD, ILMN, NSC, NXPI, ORLY,
QCOM, TSCO, TRIP, WHR
Thursday – MMM, ALK, ALXN, AMZN, BIDU,
BMY, CAT, CELG, CNX, DECK, DNKN, F, GM, DHI, JBLU, KLAC, LLY, MXIM, NOK, NUE,
OSTK, P, POT, PHM, SBAC, SIAL, SWI, LUV, SBUX, SRCL, TPX, NDAQ, UA, UNP, UAL,
V,
Friday – MCO, SWK, STO, WLB, XRX
Q2 Earnings Reactions
Positive Reactions – BX, C, GOOGL, GS, HON,
INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA, STZ, APOL, BKS,
KBH, MON, MU, NKE, SCHN,
Negative Reactions – AMD, BAC, BHI, JCI,
JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST, FDO, CAMP, BBBY,
GIS, CCL, WAG,
Reversal in progress – GIS,
Reversal of Initial
Reaction – BBBY, APOL, KBH, MON,
The SPY Market Forecast green line is in the upper zone at 84.
____________________
Setups
Horizontal Breakout: CTRP,
FEYE, JDSU, P, SPWR, SWI, JNPR, LNKD, ADSK, AVGO, BRCM, EBAY, GILD, TRIP,
Diagonal Breakout: AIG,
ATI, BBY, CSIQ, ETFC, GLW, GOGO, IWM, JD, MTW, RCL, SFUN, HOG, MFRM, SSYS, VJET,
XONE, YOKU, ADBE, CTSH, ILMN, MAR, MYL, TSLA, WFM, WYNN, XLNX,
Bull Flag:
C, FAS, IBM, SPY, SUNE, V, INTC, MSFT, MU, STX, WDC,
Potential Bullish
Divergence: JASO, CRM, YHOO,
Gap Up:
Gap Down: UNG,
Bear Flag:
At Support: ANGI,
C- Pattern:
Moves
New Highs: NTES, SWKS,
H Breakout: SCTY, CREE,
SINA, BIDU, FB,
Diagonal Breakout: CTRP,
QIHU, NTAP, QCOM, TXN,
Bull Flag Bounce:
Gap Up: KNDI, BIDU, NFLX,
Gap Down:
Breakout Test:
Bounce: SOHU, Z,
MACD Divergence Bounce:
TWTR, FSLR,
Bear Flag:
Support Break:
C- Pattern:
______________________
32 of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: BIDU, NFLX, FB, ALXN, XLNX, CERN
Lagging NDX stocks included: VIP, MNST, LBTYA, ADSK, ORLY, HSIC, CMCSA,
AKAM
Leading stocks > +2% on Monday
included: KNDI, SFUN,
SCTY, QIHU, CTRP, TWTR, FEYE, JD, SWKS, Z, SINA
Lagging stocks < -2.0% included:
YNDX, UBNT, UNG, ANR, ESI
Stocks to Watch on Tuesday
Holding Above 30 DMA= 64
CHRW,
SIAL, MU, CHTR, ADP, EQIX, ATVI, CSCO, ADBE, AMAT, INTU, MSFT, BIDU, CMCSA,
BRCM, GOOG, SBUX, KLAC, INTC, STX, WDC, SRCL, LMCA, XLNX, SYMC, DTV, DISH,
VRTX, FISV, GILD, SBAC, NTAP, MDLZ, EBAY, VRSK, COST, PCAR, PAYX, AMZN, DISCA,
FB, CTRX, BBBY, MYL, CERN, SIRI, VIAB, AAPL, ADSK, ALTR, AVGO, CELG, CTSH,
EXPD, EXPE, LLTC, SPLS, TXN, REGN, KRFT, NFLX ,ILMN, NXPI, MAR
Moving Above 30 DMA = 3
ALXN,
AMGN, QCOM
Moving Below 30 DMA = 5
DLTR,
HSIC, ORLY, VOD, LBTYA
Staying Below 30 DMA
NVDA, VIP, PCLN,SNDK, WYNN, CTXS,
YHOO, AKAM, BIIB, MAT, MNST, TSLA, FOXA, GMCR, ADI, TRIP, FFIV, ROST, GRMN, CA,
FAST, ISRG, LINTA, CHKP, MXIM, WFM, ESRX, TSCO
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral
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