All nine sectors moved
higher on Monday…XLB, XLV and XLP were the strongest sectors
while XLI was the
weakest.
Breadth strengthened…advancers
led decliners…2.81 to 1 on the NYSE and 2.20 to 1 on the NASDAQ.
Monday – strengthened, advancers led
Friday – weakened, mixed
Thursday – strengthened,
advancers led
Wednesday – weakened,
mixed
Tuesday – strengthened,
advancers led
Monday – strengthened,
decliners led
SPY up 2.39 at 190.86 on 129.7 million shares
VIX down 3.42 at 18.57…
TNX down .18 at 21.81…
TLT up .28 at 121.35...
XLF up .15 at 22.47 on 49.3 million shares
AAPL up 3.59 at 101.26 on 77 million shares, above average volume
FB up 1.19 at 77.14…on 34.6 million shares
Technical Commentary:
DIA +
0.29%, SPY +
1.27%, QQQ + 1.52%, IWM + 1.91%.
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:
Monday: AAPL, CMG, HAL, HAS, ILMN, IBM, BTU, STLD, TXN, ZION,
Tuesday: ATI, APOL, EAT, BRCM, CNI,
KO, CREE, ETFC, HOG, ISRG, KMB, LXK, LMT, MCD, TRV, UTX, VZ, VMW, YHOO
Wednesday: T, BA, DOW, EMC, EQIX,
GD, LRCX, NXPI, ORLY, SWK, TSCO, WHR, XRR, YELP
Thursday: MMM, ALK, ALXN, ALTR,
AMZN, CAT, CELG, CERN, CHKP, CMCSA, DECK, DNKN, GM, JNPR, KLAC, LLY, MXIM,
MSFT, P, LUV, UA, UNP, UAL, WYNN, YNDX, ZNGA,
Friday: BMY, F, NDAQ, PG, STT, UPS
Q3 Earnings Reactions
Positive Reactions – AMD,
C, CSX, DAL, GE, HON, LVS, MS, SCHW, SLB, STI, URI, XLNX, COST, BBBY,
BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW,
MFRM,
Negative Reactions – AXP,
BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD,
CIEN,
More than -10% -
Reversal in progress – AZO,
Reversal of Initial
Reaction – AXP, KKD, BBRY, MU,
The SPY Market Forecast is at 25.
___________________
Setups
Horizontal Breakout: NTES,
SINA, COST,
Diagonal Breakout: C, LOCO,
PANW, SCTY, SWI, V, XONE, YELP, BX, KNDI, PCLN, SBUX, TRIP,
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs:
H Breakout: MFRM, YOKU,
BIDU, ROST,
D Breakout: AAL, BBY, CTRP, DAL, SCSS, TPX, UAL, CAR, CIEN, QIHU, STI,
ESRX, FB, MNST,
Breakout Test:
Bull Flag Bounce:
Bounce: EBAY, GMCR,
MACD Divergence Bounce:
Gap Up:
Gap Down: IBM, UNG,
C- Pattern:
Bear Flag:
Support Break:
______________________
90 out of 100 NDX stocks closed higher
and one was unchanged on Monday.
Leading NDX 100 stocks included: ILMN, CELG, MU, NXPI, GMCR, AAPL,EXPE, MNST,
SPLS, ISRG, MAR, TRIP, CHTR, TXN, COST, AMGN
Lagging NDX stocks included: CTSH, CSCO, EQIX
Leading stocks > +2% on Monday:
BBRY, SUNE, AAL, RCL, UAL, SCTY, DAL, MBLY, TWTR, CSIQ, ANGI
Lagging stocks < -3.0% included:
XONE, IBM
Stocks to Watch on Tuesday
Holding Above 30 DMA= 12
SIAL,
GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN
Moving Above 30 DMA = 9
ADP, ALXN, BIDU, COST, FB, ORLY, TSCO, VRTX, XLNX
Moving Below 30 DMA = 1
WYNN
Staying Below 30 DMA
AAPL, ADSK, BBBY, YHOO, AMGN, CELG, CERN, CTSH, DTV, EBAY, FAST, GILD,
LBTYA, MSFT, NFLX, CSCO, EXPE, INTU, MU, SBAC, WFM, DISH, FISV, AVGO, ALTR,
BRCM, CTXS, INTC, KLAC, NTAP, MAR, NXPI, SNDK, TX, VOD, 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, SIRI, CTRX, KRFT, ADBE, AMZN,
ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, DISCA, MAT, ADI, WDC, PCLN, PCAR
5-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market Trend: Neutral/Up
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