All nine sectors moved
lower on Tuesday…XLP, XLV and
XLI were the strongest sectors…XLU was the weakest sector.
Breadth weakened as decliners led advancers 3.32 to 1 on the NYSE and 3.20 to 1 on the
NASDAQ.
Tuesday – weakened,
decliners led
Monday - mixed
Friday – strengthened, advancers led
Thursday – weakened, decliners led
Wednesday – weakened, decliners led
SPY down 1.27 at 199.32 on 88.5 million shares, average volume
VIX up .84 at 13.50…
TNX up .31 at 25.00…
TLT down .09 at 115.69...
XLF down .24 at 23.23 on 31.3 million shares
AAPL down .37 at 97.99 on 189.6 million shares
FB down 1.22 at 76.67…on 28.8 million shares
Technical Commentary:
DIA -0.55%, SPY
-0.63%, QQQ -0.83%, IWM
-1.18%.
Broad stock indexes
traded in a range as AAPL stock
traded higher until about 2 pm ET when AAPL
and the indexes rolled over closing lower.
AAPL announced iPhone 6 and 6
Plus, ApplePay and Apple Watch. Sellers
took control following the presentation.
EBAY
-1.50, -2.77% fell as ApplePay represents competition to EBAY’s PayPal.
PANW +3.38, +3.79% gained in after-hours on a positive earnings reaction.
KKD -0.96, -5.45% fell after earnings
missed estimates.
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 = 200.00, 201.37, 204.32...
QQQ = 99.75,
101.13…
IWM = 115.73, 117.06, 118.76...
Support Levels
SPY = 197.59, 196.24,
195.16...
QQQ = 99.08, 97.99,
97.51…
IWM = 115.51, 114.31,
113.49...
Earnings this Week: KKD, PANW, LULU, VRA
Q2 Earnings Reactions
Positive Reactions – MFRM, SPLK,
AVGO, CRM, GPS, TFM, FL, AMAT, CSIQ, GME, HPQ, PCLN, NTES, ROST, 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% - MFRM,
SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN,
X
Negative Reactions – CIEN, BBY,
QIHU, TSL, ADSK, CREE, GOGO,
JASO, JDSU, JWN, M, RAX, YOKU, 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 – BBY, TSL, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP,
YHOO, APOL, KBH, MON,
The SPY Market Forecast green line is at 89.
____________________
Setups
Horizontal Breakout: AA,
FEYE, SCSS, SWI, UPL,
Diagonal Breakout: ATI,
ETFC, GOGO, IWM, SCHW, SWKS, V,
Bull Flag: AIG, BBRY, BBY,
CAR, CSIQ, CTRP, FAS, FSLR, GME, HPQ, IBM, JCP, JD, RCL, SFUN, SPLK, VRSN, X,
YELP,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: C, Z,
C- Pattern:
Moves
New Highs: GPRO, MBLY,
MFRM, MSFT,
H Breakout:
D Breakout:
Bull Flag Bounce:
Gap Up: UNG,
Gap Down:
Bounce:
MACD Divergence Bounce:
C- Pattern:
Bear Flag: GTAT, P, QIHU, SUNE,
Support
Break: KNDI,
______________________
15 of 100 NDX stocks
closed higher on Tuesday.
Leading NDX 100 stocks included: CMCSA, SYMC, VIP, DLTR, MSFT, LBTYA, MDLZ,
VOD, AVGO, SNDK
Lagging NDX stocks included: AMZN, DISCA, MU, GRMN, TRIP, ILMN, EBAY, YHOO,
EXPE, VIAB
Leading stocks > +2% on Tuesday
included: MBLY
Lagging stocks < -2.0% included:
GTAT, KNDI, SUNE, JASO, QIHU, TSL, GOGO,
SPLK, SPWR, CSIQ, UA, CTRP, MS, FAS, TWTR, X, GME, P, SFUN
Stocks to Watch on Wednesday
Holding Above 30 DMA= 74
INTC,
SYMC, GILD, SBAC, NTAP, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV,
ISRG, YHOO, ESRX, TSLA, FOXA, MSFT, NFLX, ADP, CTRX, MNST, NVDA, ROST, WFM,
ATVI, CHKP, MAR, PAYX, EQIX, CELG, FISV, SIAL, SIRI, VRSK, AKAM, AVGO, DISH,
HSIC, KLAC, LMCA, ORLY, STX, VIP, ALTR, AMAT, BRCM, TXN, ADBE, ILMN, LINTA,
TSCO, FAST, NXPI, SNDK, GMCR, AMZN, CMCSA, DTV, KRFT, VRTX, MXIM, SPLS, LLTC,
XLNX, BIDU, CA, CHTR, DLTR, GOOG, CHRW, EXPD, MU, QCOM, TRIP, INTU, SBUX
Moving Above 30 DMA = 0
Moving Below 30 DMA = 9
ADSK, CHRW, EBAY, MYL,
SBUX, SRCL, TRIP, TSCO, WFM
Staying Below 30 DMA
AAPL, ALXN, DISCA, MAT, ADI,
VOD, BIIB, WDC, LBTYA, GRMN, PCLN, PCAR, CTSH, WYNN, CSCO, MDLZ, VIAB
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Down
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