Stocks Closed Mixed...S&P 500 Holds Above 2K Level...Numerous Bull Flag Bounces Today...GPRO...AAPL...TSLA...All Make New Highs...

Five of nine sectors moved higher on Monday…XLF, XLI and XLY were the strongest sectors…XLE was the weakest sector. 

Breadth weakened as decliners led advancers 1.07 to 1 on the NYSE and 1.45 to 1 on the NASDAQ where advancers led decliners.

Monday – weakened, mixed

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – weakened, advancers led

Tuesday – strengthened, advancers led

SPY down .10 at 200.61 on 72.1 million shares

VIX up .27 at 12.25…

TNX up .76 at 24.19…

TLT down 2.05 at 116.73...

XLF up .09 at 23.45 on 29.4 million shares

AAPL up .80 at 103.30 on 53.4 million shares

FB up 1.86 at 76.68…on 34.7 million shares

Technical Commentary:

IWM + 0.55%, QQQ + 0.29%, DIA – 0.18%, SPY – 0.05%.

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 = 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 Next Week: MFRM, CIEN,

Q2 Earnings Reactions

Positive Reactions – 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% - SPLK, TWTR, CMG, BIDU, BIIB, ISRG, LNKD, OSTK, SWI, SFUN, SSYS, SUNE, UA, VRSN, X

Negative Reactions – 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, BBBY, BZH, BBBY, CELG, DNKN, ETFC, KLAC, NFLX, RAX, SLCA, UPL, YELP, YHOO, APOL, KBH, MON,

The SPY Market Forecast green line is at 96.

____________________

Setups

Horizontal Breakout: BBRY, BX, C, FAS, GLW, KKD, LNKD, MS, ADBE, COST, CTXS, EXPE, FB, MSFT, MYL, NFLX,

Diagonal Breakout: CRM, GME, P, SFUN, STI, TPX, ZION,

Bull Flag: BBY, CAR, EMC, JCP, JD, NTES, EBAY, ESRX, GMCR,

Potential Bullish Divergence:  

Gap Up:

Gap Down:

Bear Flag:   

At Support:   

C- Pattern: 

Moves

New Highs: GPRO, PANW, UAL, AAPL, AVGO, FFIV, GILD, TSLA,

H Breakout: CSIQ, FEYE, IWM, RAX, SPLK, UBNT, BIDU,  

D Breakout:

Bull Flag Bounce: AAL, BAC, CTRP, DAL, GTAT, NKE, PANW, SOHU, UAL, AMZN, GOOG,  

Gap Up: TSLA, YHOO,  

Gap Down: LVS, UNG, WYNN,  

Bounce: JASO, TSL, UA, V, V, YELP, YNDX,  

MACD Divergence Bounce:  

C- Pattern: 

Support Break: LVS, MU,      

______________________

61 of 100 NDX stocks closed higher and one was unchanged on Monday.

Leading NDX 100 stocks included: SPLS, RSLA, BIDU, AVGO, EXPE, REGN, FB, YHOO, DISH, GILD, DLTR

Lagging NDX stocks included: WYNN, MU, SNDK, LBTYA, QCOM, MDLZ, STX, EBAY, AMGN

Leading stocks > +2% on Monday included: LOCO, SPLK, FEYE, CSIQ, CTRP, PANW, TSL, UAL, AAL

Lagging stocks < -2.0% included: JD, JDSU, JCP, UPL, SUNE, ESI, LVS, UNG, XONE, VJET, CIEN

Stocks to Watch on Wednesday

Holding Above 30 DMA= 83

CHRW, INTC, WDC, SYMC, GILD, SBAC, NTAP, EBAY, COST, FB, BBBY, CERN, EXPE, REGN, AMGN, CTXS, FFIV, ISRG, YHOO, ESRX, TSLA, FOXA, MSFT, NFLX, ADP, CTRX, DISCA, MNST, NVDA, ROST, WFM, AAPL, ATVI, CHKP, INTU, MAR, PAYX, BIIB, EQIX, ALXN, CELG, FISV, SIAL, SIRI, VRSK, AKAM, AVGO, DISH, HSIC, KLAC, LMCA, ORLY,SRCL, STX, VIP, ALTR, AMAT, BRCM, TXN, ADBE, ILMN, LINTA, TSCO, VOD, FAST, NXPI, SNDK, GMCR, TRIP, AMZN, CMCSA, DTV, KRFT,  VRTX, LBTYA, MXIM, SPLS, LLTC, MYL, XLNX

Moving Above 30 DMA = 3

BIDU, CA, CHTR                          

Moving Below 30 DMA = 4

ADI, MU, QCOM, SBUX                                                                                                            

Staying Below 30 DMA

GRMN, PCLN, GOOG, DLTR, PCAR, ADSK, CTSH, WYNN, CSCO, MDLZ, EXPD, VIAB, MAT

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Up