Stocks Rally Again...To Set Another New Record High For S&P 500 And DJIA...Making New Highs...FAS, PANW,RCL, SWKS, AAPL, CELG, FFIV...

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

 

Breadth weakened slightly on the NYSE as advancers led decliners…1.66 to 1 on the NYSE and strengthened 2.44 to 1 on the NASDAQ

Monday – mixed, advancers led

Friday – strengthened, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, advancers led

SPY up .59 at 207.27 on 65.5 million shares, below average volume

VIX down .28 at 12.62…

TNX down .05 at 23.10…

TLT up .10 at 120.20...

XLF up .17 at 24.38 on 18.5 million shares

AAPL up 2.12 at 118.59 on 46.8 million shares

FB up .15 at 73.90…on 22 million shares, below average volume

Technical Commentary:

DIA + 0.06%, SPY + 0.59%, QQQ + 0.78%, IWM + 1.20%.

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 = 207.33, 209.06, 210.49...

QQQ = 103.37, 106.94…

IWM = 117.48, 118.25, 119.37, 121.27…

Support Levels

SPY = 203.13, 201.90, 200.06...

QQQ = 102.42, 101.38, 100.56…

IWM = 115.04, 114.37, 113.35...

Q3 Earnings Reactions

Positive Reactions – ADSK, JASO, ROST, SPLK, GOGO, RAX, NTES, XONE, YOKU, VJET, BABA, MNST, WFM, 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% - GOGO, RAX, WFM, GPRO, GPRN, LNKD, BWLD, SWI, N, EW, TSCO, NKE, ULTA, LULU, PANW, MFRM,

Negative Reactions – CRM, JD, MBLY, SINA, YY, SWKS, FEYE, FSLR, PCLN, QCOM, TRIP, SCTY, SSYS, SUNE, UBNT, Z, ZU, 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% - GME, CSIQ, FSLR, UBNT, ZU, AEM, P, TPX,

Reversal in progress – P, PCLN, TPX, NFLX, COH, GRMN, KO, MDC, VMW,

Reversal of Initial Reaction – AMZN, FEYE, SWKS, Z, BA, BAC, CHRW, CMG, COF, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, INTC, JNJ, JNPR, JPM, KEY, LMT, LUV, MAT, NDAQ, UA, WFC, XRX, ADBE, ALTR, ALTR, AXP, AZO, BTU, K, KKD, KRFT, MRK, PNRA,

The SPY Market Forecast is at 97.

___________________

Setups

Horizontal Breakout: BAC, CIEN, ETFC, GLW, HPQ, IWM, JDSU, KKD, LVS, MS, SCSS, STI, WLT, ZION, JCP, AKAM, ILMN, MAR, SNDK, XLNX,

Diagonal Breakout: DGLY, FEYE, MBLY, SCTY, SPWR, TPX, ANR, CMCSA, GOOGL,    

Bull Flag: AAL, DAL, EMC, MFRM, UAL, Z,

Potential Bullish Divergence:  

Gap Up:   

Gap Down:   

Bear Flag:  

At Support:     

C- Pattern: 

Moves

New Highs: FAS, PANW, RCL, SWKS, AAPL, CELG, FFIV,    

H Breakout: AIG, BX, C, FAS, MU,     

D Breakout: DDD,       

Breakout Test: 

Bull Flag Bounce:    

Bounce: SSYS,    

MACD Divergence Bounce:    

Gap Up:

Gap Down: UNG,  

C- Pattern:  

Bear Flag:  

Support Break:    

______________________

82 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: ILMN, DISH, KLAC, CELG, CHTR, DISCA, VRTX, SNDK, INTC, BBBY, AAPL, SYMC

Lagging NDX stocks included: GMCR, ADSK, NFLX, VOD, DTV

Leading stocks > +2% on Monday: DGLY, ANGI, SCTY, MBLY, YY, LOCO, AMBA, WLT, BABA, CREE, GPRO, XONE, SWKS

Lagging stocks < -2.0% included: TSL, CMGE, UNG

Stocks to Watch on Tuesday

Holding Above 30 DMA= 90

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

Moving Above 30 DMA = 1

DISCA                                                                                                                                                            

Moving Below 30 DMA = 0                                                           

                                                                                       

Staying Below 30 DMA

GMCR, WYNN, BIIB, GILD, GOOG, QCOM, TRIP, FB, NFLX

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up