Only one of nine
sectors moved higher on Monday… XLU, XLP and XLI were the strongest sectors…XLB
was the weakest sector.
Breadth weakened…decliners
led advancers…1.42 to 1 on the NYSE and 1.26 to 1 on the
NASDAQ.
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
decliners led
SPY down .51 at 197.39 on 95 million shares
VIX up 1.13 at 15.98…
TNX down .44 at 24.91…
TLT up 1.15 at 117.15...
XLF down .08 at 23.21 on 38.2 million shares, above average volume
AAPL down .78 at 99.97 on 49.2 million shares, below average volume
FB up .12 at 78.91…on 33.9 million shares
Technical Commentary:
IWM – 0.18%,
QQQ – 0.20%, DIA –
0.26%, SPY – 0.27%.
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 = 197.46, 196.24,
195.16...
QQQ = 98.87, 97.82, 96.94…
IWM = 112.89, 111.56,
109.86...
Sep Earnings Reactions
Positive Reactions – BBBY,
BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW,
MFRM,
Negative Reactions –
AZO, ADBE, KKD, CIEN,
More than -10% -
Reversal in progress –
Reversal of Initial
Reaction – KKD,
The SPY Market Forecast green line is at 55.
____________________
Setups
Horizontal Breakout: SWKS,
UA, ADBE, EXPE, FB, GILD, MNST, ROST,
Diagonal Breakout: BBRY,
MFRM, SUNE, GRMN, SBUX,
Bull Flag: BAC, RCL, AVGO,
TXN, XLNX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CSIQ, GLW, HPQ, IWM, JASO, JD, P, VRXN, YELP, YNDX, VJET, PCLN,
WFM,
C- Pattern:
Moves
New Highs: AMBA, GPRO,
FB,
H Breakout: AMBA, MBLY,
UNG,
D Breakout: MBLY,
Bull Flag Bounce:
Gap Up:
Gap Down: SINA, LVS, FFIV, WYNN,
Bounce: BBY, KKD, PANW,
UPL, ADSK, CELG, CMCSA, INTC, MNST, MU,
MACD Divergence Bounce:
CRM, WLT, STX,
C- Pattern:
Bear Flag:
Support Break: CTRP, FSLR, TSLA,
______________________
61 of 100 NDX stocks
closed higher on Monday and one was
unchanged.
Leading NDX 100 stocks included: INTC, INTU, MU, CERN, ADSK, ADBE, VOD, EQIX,
CELG
Lagging NDX stocks included: VIP, DISCA, WYNN, SPLS, MAT, ATVI, FFIV, CTRX,
TRIP, PCLN, NXPI, MYL
Leading stocks > +2% on Monday
included: GPRO, AMBA,
MBLY, UPL, BBY, SUNE
Lagging stocks < -2.0% included:
YNDX, GOGO, TSL, JD, KNDI, SINA, AAL,
QIHU, Z, ATI
Stocks to Watch on Tuesday
Holding Above 30 DMA= 32
NTAP,
COST, CERN, AMGN, MNST, MSFT, MAR, ROST, PAYX, AVGO, KLAC, ALTR, BRCM, TXN,
NXPI, DTV, VRTX, DLTR, INTU, ADSK, FB, GILD, REGN, XLNX, SIAL, CELG,
BBBY, ALXN, CSCO, MU, SNDK, YHOO,
Moving Above 30 DMA = 5
BIDU, CTXS, EXPE, INTC, VOD
Moving Below 30 DMA = 5
AAPL, GMCR, LBTYA, SBAC, SPLS
Staying Below 30 DMA
ADP, GOOG, INTC, QCOM, AKAM, BIIB, CHKP, FAST, FISV, CMCSA, WFM,
AMAT, CHTR, ESRX, EXPD, FFIV, ISRG, LLTC, CA, CHRW, LMCA, MXIM, MYL, NVDA,
SYMC, TRIP, VIAB, VRSK, DISH, EQIX, ILMN, MDLZ, ORLY, SIRI, EXPE, CTRX, KRFT,
AMZN, NFLX, TSLA, VIP, ADBE, ATVI, FOXA, LINTA, STX, HSIC, EBAY, SBUX, TSCO,
SRCL, DISCA, MAT, ADI, WDC, PCLN, GRMN, PCAR, CTSH, WYNN,
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market
Trend: Neutral/Down
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