All nine sectors moved lower on Tuesday…however XLP, XLI and XLY
were the strongest sectors…XLE was the weakest sector.
Breadth weakened
as advancers led decliners 2.55 to 1 on the NYSE and 1.39 to 1 on the NASDAQ.
Tuesday – weakened, decliners led
Monday – strengthened,
advancers led
Friday – weakened,
decliners led
Thursday – weakened, decliners
led
Wednesday – weakened,
mixed
SPY down
1.88 at 192.01 on 152.6
million shares, above average volume
VIX up 1.75 at 16.87…
TNX down .08 at 24.83…
TLT up .37 at 114.63...
XLF down .23 at 22.17 on 39.9 million shares, above average volume
AAPL down .47 at 95.12 on 55.9 million shares
FB down .82 at 72.69…on 34.9 million shares
Technical Commentary:
IWM – 0.25%,
QQQ – 0.77%, DIA – 0.85%, SPY
– 0.97%.
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 = 194.30, 195.78...
QQQ = 96.31, 97.52, 98.28
IWM = 112.23, 114.31...
Support Levels
SPY = 191.57, 189.51...
QQQ = 93.57, 91.73,
90.44…
IWM = 110.15, 108.86...
Q2 Earnings Reactions
Positive Reactions –
AKS, AMGN, CHRW, ESRX, HCA, HES, LRCX, TSN, TWTR, WYNN, X, YNDX, CMG, BIIB, ISRG, SWI,
UA, VRSN, AAPL, APD, CA, CHKP, CMCSA, CTXS, DAL, DECK, DOW, FFIV, FB, FTI, GD,
LXK, LMT, NBR, NDAQ, NOK, OSTK, ORLY, PETS, RHI, STLD, SWK, TSCO, TXN, WHR,
XRX, ZION, BX, C, GOOGL, GS, HON, INTC, KSU, JPM, PM, SCSS, SWKS, URI, AA,
STZ, APOL, BKS, KBH, MON, MU, NKE, SCHN,
More than 10% - TWTR,
CMG, BIDU, BIIB, ISRG, OSTK, SWI, UA, VRSN, X
Negative Reactions –
AEM, AET, AKAM, BWLD, BZH, CL, CMI, COP,
DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPS, VRTX, XOM, ALK, ALXN, AMZN, ANGI,
ATI, BA, CAT, CELG, DHI, DNKN, EA, ETFC, FCX, GM, HOG, ILMN, JNPR, KLAC, KMB,
KO, LLTC, MCD, NFLX, P, PHM, QCOM, SBUX, STI, STO, T, TPX, TRIP, TRV, UTX, V,
XLNX, AMD, BAC, BHI, JCI, JNJ, LVS, MAT, SLB, SNDK, STX, USB, YHOO, FAST,
FDO, CAMP, BBBY, GIS, CCL, WAG,
More than -10% - AMD, ANGI, BWLD, CAMP,
DHI, HLF, MXIM, P, SNDK, XLNX,
Reversal in progress – GIS,
WAG,
Reversal of Initial
Reaction – BBBY, YHOO, APOL, KBH, MON,
The SPY Market Forecast green line is pointed down at 24.
____________________
Setups – The following stocks will be monitored this week for
potential
moves: AAPL, GILD, AA, HPQ, TWTR, FB, BIDU, EMC
Moves for Tuesday:
Bull Flag Bounce: CTXS,
UA, WDC, ESRX
______________________
19 of 100 NDX stocks
closed higher on Tuesday.
Leading NDX 100 stocks included: REGN SYMC, WFM, FFIV SIRI MXIM EBAY
Lagging NDX stocks included: EXPD, LINTA INTC YHOO BRCM, STX, DLTR WYNN,
MU, FAST, AVGO, CHRW
Leading stocks > +2% on Tuesday
included: TSL, KNDI,
CSIQ, JASO, BBRY, GTAT WLT
Lagging stocks < -2.0% included:
SFUN, CTRP, UAL, DAL, FAS, Z AAL, SPWR
XONE, VJET, YNDX, SPLK, UBNT, LVS
Stocks to Watch on Wednesday
Holding Above 30 DMA= 34
CHRW,
BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, DISCA, FB, BBBY, CERN,
AAPL, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, WYNN, BIIB, CHKP, ISRG, YHOO, SPLS,
ESRX, DLTR, TSLA, CTSH, MSFT, TSCO, WFM
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
ADP,
ATVI, BRCM, CA, CELG, MAR, STX
Staying Below 30 DMA
CTRX, DTV, EQIX, FISV, INTU, AKAM,
ALXN, CHTR, CMCSA, CSCO, GOOG, LMCA, ORLY, PAYX, SBUX, SIAL, SIRI, SRCL, VOD,
VRTX, ADBE, MDLZ, VRSK, EXPD, PCAR, MU, LYL, ADSK, AMZN, HSIC, KLAC, LINTA,
AVGO, DISH, ILMN, QCOM, TRIP, ALTR, GMCR, KRFT, LLTC,NXPI, TXN, VIAB, XLNX,
AMAT, NFLX, LBTYA, NVDA, VIP, SNDK, FOXA, MAT, MNST, ADI, ROST, GRMN, FAST,
MXIM
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
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