Three of nine sectors
moved higher on Monday… XLE, XLB, and XLK were the strongest sectors
while XLY was the
weakest.
Breadth weakened…decliners
led advancers…1.01 to 1 on the NYSE and 2.09 to 1 on the
NASDAQ.
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
decliners led
SPY down .58 at 195.94 on 104.7 million shares
VIX up .91 at 15.46…
TNX down .22 at 24.25…
TLT up .07 at 117.77...
XLF down .07 at 23.21 on 33.1 million shares
AAPL down .22 at 99.40 on 36.9 million shares, below average volume
FB up .01 at 77.45…on 25.6 million shares
Technical Commentary:
DIA – 0.09%,
SPY – 0.29%, QQQ –
0.33%, IWM – 1.01%.
With long and
intermediate term uptrend and bullish candles on both the daily and weekly
charts, Chart Signals is looking for the
intermediate term up trend to continue next week.
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 = 198.98, 200.65, 201.90...
QQQ = 99.75, 100.56…
IWM = 109.8, 111.27, 112.46...
Support Levels
SPY = 194.35, 193.03, 190.28...
QQQ = 96.94, 96.17, 95.06…
IWM = 107.43, 106.74...
Earnings this week: AA, COST
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 26 and lags price bounce.
____________________
Setups
Horizontal Breakout: CRM,
GPRO, LNKD, SCHW, SPLK, VRSN, YY, LVS, BIDU, CELG, MNST, SBUX, WYNN,
Diagonal Breakout: AA,
C, MFRM, RCL, EXPE,
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag: AAL, CTRP, EMC, NTES, SCTY, UA, V, BX, GLW, QIHU, AMZN,
At Support: C- Pattern:
Moves
New Highs:
H Breakout: LOCO, NFLX,
D Breakout: HOG,
Breakout Test:
Bull Flag Bounce:
Bounce:
MACD Divergence Bounce:
ANR,
Gap Up: HPQ, TSLA,
Gap Down: MU,
C- Pattern:
Bear Flag:
Support Break: UBNT,
______________________
38 out of 100 NDX
stocks closed higher on Monday.
Leading NDX 100 stocks included: LINTA, ISRG, TSLA, GRMN, MYL, VOD, REGN, EXPE,
YHOO
Lagging NDX stocks included: MU, ATVI, SNDK, VRTX, ALXN, ALTR, PCLN, NXPI,
EBAY
Leading stocks +2% on Monday
included: GPRO, LOCO,
HPQ, AMBA, AA, SRUN, C, ANR, KNDI, WLT
Lagging stocks -2.0% included:
GOGO, MBLY, JCP, BBY, AAL, Z, CSIQ,
PANW, UAL, UBNT, SPWR, DAL, JASO, TSL, UNG, CAR, FSLR, SUNE
Stocks to Watch on Tuesday
Holding Above 30 DMA= 25
COST,
MNST, ROST, PAYX, DTV, VRTX, INTU, ADSK, REGN, SIAL, BBBY, CSCO, MU,YHOO, ALXN,
CERN, DLTR, FB, ISRG, ADP, CELG, FAST, GMCR, MYL, SBAC
Moving Above 30 DMA = 4
EXPE, LINTA, SRCL, WFM
Moving Below 30 DMA = 6
AMGN, CHRW, DISH, EBAY, FISV, GILD
Staying Below 30 DMA
AVGO,
ALTR, BRCM, CTXS, INTC, KLAC, MSFT, NTAP,BIDU, MAR, NXPI, SNDK, TXN, VOD, XLNX,
AAPL, LBTYA, SPLS, AKAM, BIIB, CHKP, GOOG, QCOM, CHTR, CMCSA, FFIV, LLTC, WFM,
AMAT, CA, ESRX, EXPD, LMCA, MXIM, SYMC, TRIP, VIAB, VRSK, EQIX, ILMN, MDLZ,
NVDA, ORLY, SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, LINTA, NFLX, STX, TSLA,
VIP, HSIC, SBUX, SRCL, TSCO, DISCA, MAT, ADI, WDC, GRMN, PCLN, PCAR, CTSH, WYNN
Sixteen Week
Intermediate Term Market Trend: Up
3-Day Short Term Market Trend: Neutral
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