Stocks Have Strong Rally...NASDAQ Hits 14 Year High...Highest Since 2000...DJIA Has Triple Digit High Up 175...

Eight out of nine sectors moved higher on Monday…XLI, XLF and XLB were the strongest sectors…XLF was the weakest sector. 

Breadth strengthened as advancers led decliners 3.75 to 1 on the NYSE and 2.98 to 1 on the NASDAQ.

Monday – strengthened, advancers led

Friday – weakened, decliners led

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

SPY up 1.64 at 197.36 on 73 million shares

VIX down .83 at 12.32…

TNX up .42 at 23.87…

TLT down 1.17 at 116.54...

XLF up .25 at 22.83 on 24.2 million shares

AAPL up 1.18 at 97.98 on 47.2 million shares

FB up .96 at 74.59…on 23.8 million shares, below average volume

Technical Commentary:

QQQ + 0.77%, SPY + 0.84%, DIA + 1.03%, IWM + 1.46%.

Traders continue to follow your entry rules.

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, 196.62, 198.05...

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...

Earnings season is winding down while retail earnings began this week. 

This week:  GME, HPQ, JASO, YOKU, ROST,

Q2 Earnings Reactions

Positive Reactions – AMAT, CSIQ, PCLN, NTES, SINA, NVDA, MNST, ANR, FSLR, GTAT, LNKD, SFUN, SSYS, SUNE, UBNT, YOKU, 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, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – ADSK, CREE, GOGO, JDSU, JWN, M, RAX, SCTY, YELP, CTSH, MYL, AEM, AET, AKAM,  BWLD, BZH, CL, CMI, COP, DDD, ESI, GLW, GRMN, HLF, JEC, KRFT, LNG, MTW, RYL, SLCA, UPL, 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 – AET, AKAM, ALXN, AMZN, ATI, EA, GIS, GRMN, ILMN, KO, KRFT, LNG, P, RYL, STX, TPX, VRTX,

Reversal of Initial Reaction – BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO, APOL, KBH, MON,

The SPY Market Forecast green line is pointed UP at 57.

____________________

Setups

Horizontal Breakout: BBRY, BBY, DAL, EMC, ETFC, FSLR, IWM, JD, SCSS, SUNE, UA, UAL, VRSN, AKAM, AVGO, CTXS, INTC, MSFT, NFLX, ROST, SNDK, STX,

Diagonal Breakout: AIG, C, GOGO, KNDI, SPWR, CRM, MU, SBUX,  

Bull Flag: BX, CTRP, PANW, SFUN,   

Potential Bullish Divergence:  

Gap Up:

Gap Down:

Bear Flag:   

At Support:   

C- Pattern:  

Moves

New Highs: CAR, NTES, RCL, X,  

H Breakout: IBM, NKE, RCL, SOHU, SWI, TSL, UBNT, YELP, RAX, AAPL, CELG, EXPE,

D Breakout: AA, JASO, STI, BAC,

Bull Flag Bounce:  

Gap Up: GTAT, GILD, YHOO,

Gap Down:

Bounce: SCHW, SSYS, CREE, JNPR, KKD, ADSK,  

MACD Divergence Bounce: GME,  

C- Pattern:  

Support Break: FEYE,     

______________________

86 of 100 NDX stocks closed higher and two were unchanged on Monday.

Leading NDX 100 stocks included: YHOO, FFIV, ILMN, ADSK, DISCA, FAST, PCAR, CELG, EXPD, MU

Lagging NDX stocks included: MNST, DLTR, AMAT, NXPI, TSLA, ALXN, NTAP, XLNX, ATVI, LLTC

Leading stocks > +2% on Monday included: KNDI, UBNT, GPRO, GTAT, JASO, X, UAL, JCP, CSIQ, AAL, TSL, GOGO, SOHU, FAS, KKS, CIEN, YNDX, CREE,

Lagging stocks < -2.0% included: FEYE, YOKU, WLT,

Stocks to Watch on Tuesday

Holding Above 30 DMA= 65

CHRW, BIDU, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, PCLN, ISRG, YHOO, SPLS, ESRX, TSLA, MSFT, NFLX, FOXA, ADP, MNST, NVDA, ROST, WFM, CTRX, DISCA, AAPL, ATVI, CHKP, INTU, PAYX, MAR, BIIB, EQIX, ALXN, CELG, FISV, SIAL, SIRI, VRSK, AKAM, AMZN, AVGO, CMCSA, HSIC, KLAC, ORLY, SRCL, STX, LBTYA, LMCA, VIP, DISH, ALTR, AMAT, BRCM, TXN

Moving Above 30 DMA = 6

ADBE, GOOG, LINTA, VOD, ILMN, TSCO              

Moving Below 30 DMA = 1

DLTR                                                                                                            

Staying Below 30 DMA

ADSK, CTSH, WYNN, CA, DTV, CHTR, CSCO, GOOG, SBUX, VOD, VRTX, ADBE, MDLZ, EXPD, PCAR, MU, MYL, LINTA, ILMN, QCOM, TRIP, GMCR, KRFT, LLTC, NXPI, VIAB, XLNX, SNDK, MAT, ADI, GRMN, FAST, MXIM,

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up