Stocks Skid To Halt...And End Lower...Numerous Stocks Close At Support...Many Others Have Support Break...

All nine sectors moved lower on Monday…however… XLB, XLP and XLV were the strongest sectors…XLE was the weakest sector. 

Breadth weakened… decliners led advancers…5.02 to 1 on the NYSE and 3.95 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened, decliners led

Thursday – mixed, advancers led

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

SPY down 1.55 at 199.15 on 125.5 million shares, above average volume

VIX up 1.58 at 13.69…

TNX down .21 at 25.66…

TLT up .14 at 114.74...

XLF down .16 at 23.49 on 31.9 million shares

AAPL up .10 at 101.06 on 52.7 million shares

FB down 1.11 at 76.80…on 76.6 million shares

Technical Commentary:

DIA – 0.64%, SPY – 0.86%, QQQ – 1.03%, IWM – 1.60%.

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: AZO, BBBY, MU, NKE, PAYX, CCL

Q2 Earnings Reactions

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

Negative Reactions – ADBE, KKD, 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 – KKD, 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.

____________________

Horizontal Breakout:   

Diagonal Breakout:  

Bull Flag: AMBA, BAC, BBRY, ETFC, JDSU, SCHW, SSYS, X, CMCSA, WFM,

Potential Bullish Divergence: 

Gap Up:

Gap Down:

Bear Flag: 

At Support: AAL, ATI, CRM, LNKD, P, SOHU, SPLK, UA, UBNT, HOG, JNPR, MYL, ROST, SBUX, TRIP,

C- Pattern:                                                                          

Moves

New Highs:      

H Breakout: MNST,  

D Breakout: MBLY,

Bull Flag Bounce: 

Gap Up:     

Gap Down: CIEN, LVS,    

Bounce: SFUN,    

MACD Divergence Bounce:     

C- Pattern:  

Bear Flag:

Support Break: CTRP, DAL, FSLR, GLW, IWM, KNDI, MFRM, NKE, SINA, SPWR, SUNE, UAL, YELP, YOKU, ESRX, EXPE, NFLX, STX, TSLA,

______________________

Only 9 of 100 NDX stocks closed higher on Monday and one was unchanged.

Leading NDX 100 stocks included: SIAL, MNST

Lagging NDX stocks included: YHOO, BIDU, TSLA, NFLX, MU, MAT, LMCA, DISC, AMAT

Leading stocks > +2% on Monday included: MBLY, SFUN

Lagging stocks < -2.0% included: UBNT, KNDI, SCTY, YELP, FSLR, P, TSL, JD, SUNE, SCSS, CSIQ, SINA

Stocks to Watch on Tuesday

Holding Above 30 DMA= 47

INTC, NTAP, COST, CERN, AMGN, CTXS, FFIV, MSFT, ADP, MNST, ADP, MNST, ROST, CHKP, MAR, PAYX, FISV, AKAM, AVGO, KLAC, ALTR, BRCM, TXN, FAST, NXPI, SNDK, GMCR, CMCSA, DTV, VRTX, SPLS, CHTR, DLTR, QCOM, INTU, AAPL, CSCO, LBTYA, ADSK, FB, GILD, GOOG, REGN, XLNX, LLTC, WFM

Moving Above 30 DMA = 1  

SIAL                                                  

Moving Below 30 DMA = 17

AMAT, BIDU, CA, CELG, CHRW, ESRX, EXPD, ISRG, LMCA, MXIM, MYL, SBAC, SYMC, TRIP, VIAB, VRSK, YHOO

                                                                                             

Staying Below 30 DMA

BBBY, DISH, EQIX, ILMN, MDLZ, MU, NVDA, ORLY, SIRI, CTRX, EXPE, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, STX, TSLA, VIP, ALXN, HSIC, EBAY, SUBX, SRCL, TSCO, DISCA, MAT, ADI, VOD, BIIB, WDC, GRMN, PCLN, PCAR, CTSH, WYNN

Sixteen Week Intermediate Term Market Trend: Up

3-Day Short Term Market Trend: Neutral/Down