Three of nine sectors
moved higher on Monday…XLU, XLF and XLV were the strongest sectors and XLE was the weakest.
Breadth weakened as decliners led
advancers …2.38 to 1 on the NYSE and 2.91 to 1 on
the NASDAQ.
Monday – weakened, decliners led
Friday – strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday – weakened
slightly, advancers led
Tuesday – strengthened,
advancers led
SPY down 1.34 at 206.66 on 108.5 million shares
VIX up 1.39 at 14.21…
TNX down .50 at 22.57…
TLT up 1.47 at 122.56...
XLF up .11 at 24.93 on 42.9 million shares
AAPL down 2.45 at 112.55 on 57.57 million shares
FB up .17 at 76.53…on 25.7 million shares
Technical Commentary:
IWM – 1.23%,
QQQ – 0.65%, SPY –
0.64%, DIA – 0.56%.
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 = 106.94…
IWM = 118.25, 119.37,
121.27…
Support Levels
SPY = 205.71, 203.13, 201.90...
QQQ = 104.42, 102.42, 101.38…
IWM = 115.04, 114.37,
113.35...
Earnings this week: COST, ADBE,
Q3 Earnings Reaction
Positive Reactions – AVGO,
ADI, HPQ, PANW, QIHU, 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 –
AMBA, MFRM, GME, 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 – GOGO, P, PCLN, TPX, KO,
Reversal of Initial
Reaction – AMZN, FEYE, SWKS, Z, ADBE, ALTR, ALTR, AXP, AZO, BA, BAC, BTU, CHRW, CMG,
COF, COH, CREE, DECK, DNKN, DOW, EAT, EBAY, F, GM, GOOGL, GRMN, INTC, JNJ,
JNPR, JPM, KEY, KKD, KO, KRFT, LMT, LUV, MAT, MDC, MRK, NDAQ, PNRA, UA, VMW,
WFC, XRX,
The SPY Market Forecast is at 95.
___________________
Setups
Horizontal Breakout: AIG,
CSIQ, TLT, EBAY,
Diagonal Breakout: MBLY,
FB,
Bull Flag: AMBA, GLW, KKD,
ADBE, CMCSA, STX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BABA, P, XONE, ANR,
C- Pattern:
Moves
New Highs: ESRX,
H Breakout: CIEN,
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: BBY,
MACD Divergence Bounce:
Gap Up: CELG,
Gap Down:
C- Pattern:
Bear Flag:
Support Break: CMGE, CRM, FSLR, GOGO, GPRO, LNKD, LVS, QIHU, SPWR,
SSYS, SUNE, TWTR, VRSN, X, DDD, ADSK, TSLA,
______________________
21 of 100 NDX stocks closed higher and one was unchanged on
Monday.
Leading NDX 100 stocks included: REGN, CELG, AMGN, ISRG, SNDK, VRTX
Lagging NDX stocks included: VIP, TSLA, TRIP, WYNN, ATVI, NFLX, CTXS, MYL,
AVGO, LMCA, AMAT, LMCK
Leading stocks > +2% on Monday:
BBY, FEYE, MS, CIEN
Lagging stocks < -2.0% included:
DGLY, CMGE, CREE, QIHU, SPWR, GPRO, X,
AMBA, SUNE, JCP, GME, GOGO
Stocks to Watch on Tuesday
Holding Above 30 DMA= 85
ROST, CHRW, MYL, SRCL,
DLTR, ISRG, MNST, PAYX, REGN, ADP, ALXN,
COST, ORLY, TSCO, VRTX, XLNX, AAPL, AMGN, BBBY, CELG, ESRX, FISV, HSIC, KRFT,
MAR, PCAR, SPLS, SYMC, TXN, BRCM, YHOO, CA, CERN, CHKP, CTSH, EXPD, INTU,
LBTYA, NVDA, SBAC, SBUX, STX, ADBE, ADSK,
KLAC, MDLZ, MSFT, AMAT, MU, WFM, AVGO, FFIV, NTAP, NXPI, VOD, WDC, AKAM,
CTRX, DISH, EQIX, ADI, ALTR, CSCO, EBAY, EXPE, FAST, INTC, LLTC, MXIM, SNDK,
FOXA, SIAL, CMCSA, CHTR, VIAB, ATVI, CTXS, DISCA, BIIB, QCOM, ILMN, TRIP, FB,
MAT, VRSK
Moving Above 30 DMA = 1
GILD
Moving Below 30 DMA = 6
CTXS, MSFT, PAYX, QCOM,
SBAC, TRIP
Staying Below 30 DMA
AMZN, DISCA, LMCA, LMCK, SIRI, GRMN, DTV, PCLN, BIDU, GOOG, TSLA, VIP,
GMCR, WYNN, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
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