Two sectors moved higher
on Monday…XLP, XLV and XLB were the strongest sectors and
XLE was the weakest.
Breadth was strengthened as decliners led
advancers 1.66 to 1 on
the NYSE and
1.61 to 1 on the NASDAQ.
Monday – NASDAQ strengthened, decliners led
Friday – weakened, decliners
led
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – mixed,
decliners led
SPY down 1.43 at 202.82 on 144.3 million shares, above average volume
VIX up 2.05 at 19.60…
TNX down .59 at 19.12…
TLT up .75 at 131.82...
XLF down .20 at 23.92 on 31.1 million shares
AAPL down 2.58 at 109.43 on 49.6 million shares
FB down .89 at 76.85…on 19.1 million shares
Technical Commentary:
IWM – 0.33%,
DIA – 0.55%, SPY –
0.74%, QQQ – 0.85%.
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 = 203.91, 205.10, 208.97...
QQQ = 102.44, 103.11, 105.26…
IWM = 117.89, 118.72, 121.41…
Support Levels
SPY = 198.85, 196.77...
QQQ = 99.62, 98.20…
IWM = 114.36, 112.61...
The SPX Market Forecast is pointed up at 49.74.
___________________
Setups
Horizontal Breakout: BX,
GLD, GLW, NTES, PANW, SUNE, TWTR, UAL, MAR,
Diagonal Breakout: BBY,
CREE, SPWR, TPX,
Bull Flag: CAR, COST, MNST, ROST,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BAC, GOGO, MS, SCHW, SCTY, ANGI, ESRX, MU, NFLX,
C- Pattern:
Moves
New Highs: SCSS,
H Breakout: FEYE, JCP,
WFM,
D Breakout:
Breakout Test:
Bull Flag Bounce:
Bounce: GME, MBLY, CELG,
MACD Divergence Bounce:
P,
Gap Up:
Gap Down: SNDK,
C- Pattern:
Bear Flag:
Support Break: AIG, C, DGLY, JASO, LC, STI, UNG, ZION, AMZN, PCLN,
______________________
26 out of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: WFM, CELG, BIIB, SIRI, CHRW, VIAB, CSCO
Lagging NDX stocks included: SNDK, MU, AAL, TRIP, MNST, VRTX, LRCX, KLAC,
GMCR, NFLX, BIDU, AMAT
Leading stocks > +2% on Monday:
FEYE, GME, JCP, SUNE, BBY, MBLY, SCSS
Lagging stocks < -2.0% included:
LC, GPRO, UBNT, XONE, DGLY, UNG, X,CSIQ,
ATI, JD, YELP, EXPE, MTW, JNPR
Stocks to Watch on Tuesday
Holding Above 30 DMA = 30
ROST, DLTR, SPLS,
EA, WFM, SIAL, BIIB, CHKP, KRFT, VRTX, ILMN, MNST, COST, ISRG, SRCL, AVGO,
CERN, HSIC, QCOM, TSCO, WDC, CA, CSCO, CTSH, FISV, GILD, MAR, NXPI, PAYX, SIRI
Moving Above 30 DMA =
2
CELG, LMCA
Moving Below 30 DMA = 8
AAL, ADP, ESRX, FB,
GMCR, LVNTA, STX, TRIP
Staying Below 30 DMA
BBBY, CTRX, DTV, EBAY, FAST, MDLZ, MSFT, MYL ORLY, SBUX, VRSK, ADI, AKAM,
AMAT, BRCM, CHRW, CHTR, CMCSA, DISCA, FOXA, KLAC, LBTYA, LLTC, NFLX PCAR, PCLN,
VIAB, ADSK, EXPD, MAT, MU, ADBE, ALTR, CTXS, DISH, EQIX, GOOG, INTC, INTU,
SYMC, TXN, YHOO, AAPL, LRCS, NVDA, REGN, NTAP, SNDK, AMGN, VOD, XLNX, ALXN,
ATVI, SBAC, AMZN, GRMN, BIDU, TSLA, VIP, WYNN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
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