Seven of nine sectors
moved higher on Monday…XLK, XLY and XLP were the strongest sectors and XLE was the weakest.
Breadth strengthened
on the NASDAQ as advancers led decliners…1.40 to 1 on
the NYSE and
1.55 to 1 on
the NASDAQ.
Monday – strengthened, advancers led
Friday – weakened,
advancers led
Thursday – weakened
slightly, advancers led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
decliners led
SPY up .95 at 207.47 on 148 million shares
VIX down 1.24 at 15.25…
TNX down .14 at 21.62…
TLT up .17 at 126.04...
XLF up .02 at 24.85 on 15.5 million shares
AAPL up 1.16 at 112.94 on 45.1 million shares
FB up 1.57 at 81.45…on 31.7 million shares
Technical Commentary:
DIA +0.96%,
IWM +0.68%, SPY +0.46%, QQQ +0.25%.
The SPX
hit a new all-time high for the 50th time in 2014. The SPX was led by gains ins PCLN,
KLAC, RTN, LM, CMG, LUV, GOOGL, ROST, WIN and INTC.
Oil was down
39 cents to 55.38. XLE fell
82 cents, -1.02% to
close at 79.75.
FB +1.57,
+1.97% broke
through intermediate-term horizontal resistance and made a new all-time closing high. Intermediate-term (two month) breakout Chart target: 89.81.
Look for horizontal breakout setups in stocks that are up trending
or creating are reversal breakout.
AAL, EA and LRCX were added to the NDX today before the open and EXPE,
FFIV and MXIM were removed…make adjustment to your NDX watch list.
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 = 200.06...
QQQ = 102.42, 101.38…
IWM = 114.37, 113.35...
Q3 Earnings Reaction
Positive Reactions – ADBE, CIEN, LULU, 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 – COST, 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 – 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, GOGO, 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 46.
___________________
Setups
Horizontal Breakout: AAL,
BAC, BBY, CRM, CTRP, DAL, EMC, FAS, FEYE, IBM, RAX, SCHW, V, ESI, ZNGA, AKAM, AVGO,
BRCM, CMCSA, COST, GMCR, INTC, MAR, MNST, NTAP, QCOM, TRIP, WFM,
Diagonal Breakout: CSIQ,
JD, MBLY, NKE, SCTY, SPWR, DDD, SSYS,
GOOGL, MSFT,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: IWM, MS,
PANW, STI, SWKS, FB, ROST, WDC,
H Breakout: AIG, FB,
D Breakout: ATI, BBRY, JNPR, TWTR, AMZN,
Breakout Test:
Bull Flag Bounce:
Bounce:
MACD Divergence Bounce:
GPRO,
Gap Up:
Gap Down: GILD,
C- Pattern:
Bear Flag:
Support Break: GLD, X,
______________________
78 out of 100 NDX stocks
closed higher and one was unchanged on Monday.
Leading NDX 100 stocks included: PCLN, KLAC, ROST, INTC, AMZN, ALTR, AMAT,
XLNX, FB, BBBY
Lagging NDX stocks included: GILD, REGN, AMGN, CELG, DISCA, BIIB, VRTX,
WYNN, NFLX, DISH
Leading stocks > +2% on Monday:
GPRO, RWLK, BBRY, AMBA, TWTR, TSL, MFRM, SWKS
Lagging stocks < -2.0% included:
UPL, X, SFUN, YELP, JCP, SUNE
Stocks to Watch on
Tuesday
Holding Above 30 DMA = 73
ROST, DLTR, ORLY, TSCO, AAL, BBBY, PCAR, SPLS, INTU, EA, AMAT, WFM, AVGO, WDC, ADI, ALTR, EBAY, LLTC, FOXA, SIAL, BIIB,
ADBE, ADP, CELG, CHKP, CHTR, CMCSA, CSCO, DISCA, EQIX, FAST, FB, HSIC, INTC,
KLAC, KRFT, LBTYA, MNST, NXPI, QCOM, REGN, STX, TRIP, TXN, VIAB, VRSK, AKAM,
AMGN, BRCM, CA, CERN, CHRW, COST, CTSH, DISH, FISV, GILD, ILMN, ISRG, LRCX, MAR,
MU, MYL, NTAP, SRCL, SYMC, VOD, VRTX, YHOO, ADSK, CTRX, NVDA, SNDK
Moving Above 30 DMA =
5
DTV, ESRX, EXPD, MSFT, PCLN, SBUX
Moving Below 30 DMA = 1
GILD
Staying Below 30 DMA
MAT, PAYX, XLNX, MDLZ, AAPL, ALXN, ATVI, CTXS, SBAC, AMZN, LMCA, LMCK,
SIRI, GRMN, BIDU, GOOG, TSLA, VIP, GMCR, WYNN, NFLX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Up
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