Stocks Close Slightly Down...GPRO Posts Strong Earnings And Surges Finishing Up 9.36%...AMBA Closes Up 7.25%...

Six out of nine sectors moved higher on Monday…XLU, XLK and XLB were the strongest sectors while XLE was the weakest. 

Breadth weakened…decliners led advancers…1.03 to 1 on the NYSE and 1.24 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

SPY up .11 at 201.77 on 93.5 million shares, below average volume

VIX up .70 at 14.73…

TNX up .13 at 23.48…

TLT down .28 at 118.97...

XLF up .04 at 23.93 on 49.4 million shares

AAPL up 1.28 at 109.28 on 52.1 million shares

FB down 1.09 at 73.90…on 40.5 million shares

Technical Commentary:

QQQ + 0.13%, SPY +0.05%, DIA – 0.19%, IWM – 0.40%.

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 = 201.90...

QQQ = 103.37…

IWM = 117.48…

Support Levels

SPY = 196.49, 194.69...

QQQ = 99.08, 98.02…

IWM = 111.30, 109.77...

Q3 Earnings Reactions

Positive Reactions – ABC, ACI, AMGN, BIDU, BWLD, CBOE, CLF, CLX, CNX, EA, ESRX, EQIX, EXPE, FISV, GLW, GPRO, GRPN, GT, HSY, JCI, JDSU, LNKD, LVLT, MA, MAR, MO, MTW, MYL, PCAR, FE, SCHN, STX, SWI, SWKS, TASR, V, WY, X, WHR,  AAPL, ALK, ALXN, APOL, BMY, BRCM, CAT, CELG, CERN, CHKP, CMCSA, CNI, EMC, EW, GD, HAL, HAS, HOG, ILMN, IM, KLAC, KMB, LLY, LRCX, LXK, MMM, MXIM, MSFT, N, ORLY, PG, RMD, STLD, STT, SWK, TRV, TSCO, TXN, UNP, VRSN, WOOF, YHOO, YNDX, ZION, 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% - GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – AEM, CHRW, COH, FB, GRMN, KRFT, MDC, MRK, NEM, PNRA, RGR, SLCA, TPX, TWTR, ALTR, AMZN, BA, BTU, CMG, CREE, DECK, DNKN, DOW, EAT, F, GM, IBM, JNPR, KO, LMT, LUV, NDAQ, P, UA, VMW, XRX, YELP, AXP, BAC, COF, EBAY, GOOGL, INTC, JNJ, JPM, KEY, MAT, NFLX, WFC, AZO, ADBE, KKD, CIEN,

More than -10% - AEM, P, TPX,

Reversal in progress – AZO,

Reversal of Initial Reaction – AXP, ALTR, KKD, MRK, BBRY, MU,

The SPY Market Forecast is at 89.

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Setups

Horizontal Breakout: AA, BAC, BBY, CMGE, DAL, EMC, ETFC, FEYE, GPRO, IWM, JDSU, MFRM, MS, PANW, RAX, RCL, UNG, WLT, EXPE, INTC, MSFT, NTAP,

Diagonal Breakout: BX, HPQ, JD, AMZN, TSLA,

Bull Flag: LOCO

Moves

New Highs: BABA, FAS, SCSS, SWI, SWKS, UAL, AAPL, STX, TXN,

H Breakout: AMBA, LNKD, SSYS, TSL, UA, XONE, FFIV, WDC, WFM,

D Breakout: SPWR, SUNE, Z, ZU, UPL, GOOG

Bounce: TPX

Gap Up: UNG

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71 out of 100 NDX stocks closed higher on Monday and one was unchanged.

Leading NDX 100 stocks included: VIP, WDC, STX, CHTR, ATVI, NVDA, WFM, SYMC, SIRI, FFIV, SPLS

Lagging NDX stocks included: TRIP, GILD, FB, NFLX, AKAM, BIDU, GOOG, CHRW, CHKP

Leading stocks > +2% on Monday: GPRO, AMBA, BABA, JD, XONE, SWKS, TSL, UAL, SUNE, YELP, SWI

Lagging stocks < -2.0% included: ANGI, SFUN, MBLY, YNDX, TWTR, SPLS, ATI, X, BBRY

Stocks to Watch on Tuesday

Holding Above 30 DMA= 91

GMCR, ROST, CHRW, GRMN, MYL, SRCL, DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN, BIDU, COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESTX, FISV, GILD, HSIC, ILMN, KRFT, MAR, PCAR, QCOM, SPLS, SYMC, TXN, WYNN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU, LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK, CMCSA, KLAC, LMC, MDLZ, MSFT, PCLN, VRSK, AMAT, FOXA, LMCK, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM, BIIB, CTRX, DISH, EQIX, SIRI, ADI, ALTR, ATVI, CSCO, DTV, EBAY, EXPE, FAST, GOOG, INTC, LLTC, MAT, MXIM, SNDK, TSLA

Moving Above 30 DMA = 0

                        

Moving Below 30 DMA = 2

SIAL, TRIP

                                                                                             

Staying Below 30 DMA

DISCA, FB, NFLX, CTXS, VIAB, AMZN, VIP

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up