All nine sectors
moved lower on Monday…XLU, XLF, and XLK were the strongest sectors
while XLE was the
weakest.
Breadth strengthened…decliners
led advancers…2.15 to 1 on the NYSE and 1.31 to 1 on the
NASDAQ.
Monday – strengthened, decliners led
Friday – strengthened, decliners
led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY down 3.18 at 187.41 on 210.4 million shares, double average volume
VIX up 3.40 at 24.64…
TNX down .21 at 22.86…
TLT up .72 at 120.77...
XLF down .22 at 22.38 on 57.3 million shares, above average volume
AAPL down .88 at 99.85 on 53.3 million shares
FB up .04 at 72.99…on 43.9 million shares, above average volume
Technical Commentary:
IWM – 0.23%,
DIA – 1.38%, QQQ –
1.60%, SPY – 1.65%.
Earnings announcements pick up in earnest on Tuesday with C,
INTC, JNJ, JPM and WFC among others.
Let the games begin.
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 Chart Targets:
SPY = 193.21, 194.05, 194.88...
QQQ = 96.08, 97.10, 98.76…
IWM = 106.29, 107.34, 109.04…
Support Levels
SPY = 190.28, 189.66...
QQQ = 95.06, 93.66…
IWM = 105.76, 103.74, 102.49...
Earnings this week:
Tuesday: C, CSX, INTC, JNJ, JPM, LLTC, WFC
Wednesday: AXP, BAC,
EBAY, KEY, LVS, NFLX, URI
Thursday: AMD, BHI, BX,
COF, DAL, GS, GOOGL, MAT, OSTK, SNDK, SLB, SCHW, XLNX,
Friday: BK, GE, HON,
KSU, MS, STI
Q3 Earnings Reactions
Positive Reactions – COST,
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 – AZO,
Reversal of Initial
Reaction – KKD, BBRY, MU,
The SPY Market Forecast is at 12.
___________________
Setups
Bull Flag: GMCR, MNST,
At Support: AMBA, IBM, LOCO, ZU, KNDI, LVS, ADSK, CMCSA, EBAY, FB, GRMN,
NFLX, YHOO,
Moves
Bounce: FEYE, SSYS, ANGI,
CREE, DDD, UNG, UPL, VJET, UNDX, FFIV,
Gap Down: HPQ, STX,
Support Break: BBY, GPRO, MBLY, NKE, PANW, SPLK, TWTR, YELP, YY, ADSK,
AMZN, CELG, DTV, EXPE, GILD, SBUX, TSLA, WYNN,
______________________
14 out of 100 NDX stocks closed HIGHER on Monday.
Leading NDX 100 stocks included: FFIV, CTSH, SYMC, VIP, SPLS
Lagging NDX stocks included: TSLA, EXPE, AMAT, NXPI, WDC, BIIB, TRIP, CELG,
SNDK, REGN, SBUX, KLAC, MYL, DISCA, ADSK, DISH
Leading stocks > +2% on Monday:
Lagging stocks < -3.0% included:
GPRO, SCTY, CSIQ, UAL, YELP, MBLY, DAL
PANW, YY, RCL, TWTR, CTRP, LOCO, Z
Stocks to Watch on Tuesday
Holding Above 30 DMA= 7
COST,
MNST, PAYS, VRTX, SIAL, GMCR, ROST
Moving Above 30 DMA =
0
Moving Below 30 DMA = 4
AAPL, ALXN, DLTR, MYL
Staying Below 30 DMA
ADP, ADSK, BBBY, ISRG,
SRCL, YHOO, AMGN, CELG, CERN, CTSH, DTV, EBAY, FAST, FB, GILD, LBTYA, MSFT, NFLX,
REGN, CSCO,
EXPE, INTU, MU, SBAC, WFM, CHRW, DISH, FISV, AVGO, ALTR, BRCM, CTXS, INTC,
KLAC, NTAP, BIDU,MAR, NXPI,SNDK, TXN, VOD, XLNX, SPLS, AKAM, BIIB, CHKP,GOOG,
QCOM, CHTR, CMCSA, FFIV, LLTC, AMAT, CA, ESRX, EXPD, LMCA, LMCK, MXIM, SYMC,
TRIP, VIAB, VRSK, EQIX, ILMN, MDLZ, NVDA, ORLY, SIRI, CTRX, KRFT, ADBE, AMZN,
ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, TSCO, DISCA, MAT, ADI, WDC, GRMN, PCLN,
PCAR, WYNN
5-Month Intermediate Term Market Trend: Neutral
3-Day Short Term Market Trend: Down
3-Day Short Term Market Trend: Down
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