All nine sectors moved
higher on Monday…XLE, XLF and XLI were the strongest sectors and
XLU was the weakest.
Breadth strengthened as advancers led decliners 2.76
to 1 on the NYSE and 1.76 to 1 on the NASDAQ.
Monday – strengthened, advancers led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
decliners led
SPY up 2.47 at 201.92 on 162.8 million shares, above average volume
VIX down 1.54 at 19.43…
TNX down .02 at 16.73…
TLT down .80 at 137.48...
XLF up .37 at 23.38 on 51.1 million shares, above average volume
AAPL up 1.47 at 118.63 on 62.6 million shares
FB down .92 at 74.99…on 41.9 million shares, above average volume
Technical Commentary:
QQQ + 0.87%,
IWM + 0.92%, DIA + 1.06%, SPY + 1.24%.
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 = 202.15, 203.83, 205.06...
QQQ = 102.01, 103.17, 104.58 …
IWM = 117.84, 119.19, 119.45…
Support Levels
SPY = 200.20, 198.55, 196.77...
QQQ = 100.48, 99.36, 97.94…
IWM = 116.57, 115.32, 114.20...
Earnings this week:
Monday:
Tuesday: ADI, CHRW, FISV, GILD
Wednesday: ADP, CTSH,
FOXA, GMCR, NXPI, ORLY, SRCL, ATML,
Thursday: ATVI, CTXS, SIAL, SIRI, SYMC, VOD
Friday:
Q4 Earnings Reaction
Positive Reactions – AMZN,
AAPL, ALXN, BRCM, BX, CAVM, CELG, EA, FB, FSL, GLW, HOG, JNPR, TSCO, TSS, TUP, VIAB,
WDC, X, NFLX, ALK, BHI, CREE, DAL, EBAY, ETFC, GE, HON, KMB, LUV, MXIM, SBUX,
SWKS, TRV, UAL, UNH, UNP, SNX, LLTC, TSM
More than 10% - AMZN, BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – QCOM,
JDSU, RCL, BABA, PCAR, YHOO, MSFT, STX, VRTX, AAL, ZION, AXP, ALTR, FFIV, IBM,
ISRG, JNJ, KLAC, KSU, MCD, STT, XLNX, AA, BAC, C, JPM, KBH, WFC,
More than -10% - QCOM, FFIV, KBH,
Reversal in progress – BAC, C, IBM, JNJ, JPM,
Reversal of Initial Reaction – WFC
The SPX Market Forecast is pointed down at 34.
___________________
Setups
Horizontal Breakout: TSL,
KNDI, COST, GILD,
Diagonal Breakout: AA,
AMBA, BAC, C, STI, XONE,
Bull Flag: SWKS, EA, ILMN, NFLX, SBUX
At Support: MFRM, MU,
C- Pattern:
Moves
New Highs: SCSS,
H Breakout: SCTY, SPWR,
FSLR, JASO, TSLA,
D Breakout: CSIQ, DDD, DTV,
Bull Flag Bounce: SUNE,
WFM, WYNN,
Bounce: SPY, IWM, CAR,
EMC, ETFC, GLW, GME, GPRO, JCP, JD, JDSU, NTES, SCHW, SPLK, VSLR, YELP, LVS, P,
QIHU, GMCR, INTC, MSFT, QCOM, STX, TRIP, XLNX,
MACD Divergence Bounce:
AIG, FAS, MS, UBNT, ZION, ANGI, VRSN, CMCSA, EBAY, NTAP
Support Break: NKE, SWI, AAL, AKAM,
______________________
86 out of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: VIP, QCOM, MAT, TSLA, DISH, CHRW, AMZN, ISRG,
STX, MSFT, NVDA, PCAR
Lagging NDX stocks included: MU, ALXN, BRCM, NXPI
Leading stocks > +2% on Monday:
SCTY, SPWR, SUNE, UBNT, TSL, GPRO, CSIQ, GME, VSLR, MTW, FAS, SCSS, NTES, SPLK,
AIG,ZION
Lagging stocks < -2.0% included:
VXX, MBLY, DGLY, MFRM
Stocks to Watch on
Tuesday
Holding Above 30 DMA = 28
WFM, SIAL,
KRFT, MNST, CTSH, FISV, SIRI, NXPI, CELG, ATVI, BIIB, CERN, GILD, VOD, NFLX,
EA, ILMN, SBUX, SBAC, LVNTA, AMZN, DLTR, VRSK, TSCO, AAPL, REGN, COST, GOOG
Moving Above 30 DMA =
9
BBBY, CTRX, DISH, EXPD, GRMN, ORLY, TSLA, VIP,
WYNN
Moving Below 30 DMA = 3
ALXN, AVGO, BRCM,
Staying Below 30 DMA
AAL, FB, HSIC, LRCX, ROST, SRCL, TXN, VRTX, ADP, BIDU, CHKP, CHRW,
LLTC, MYL, PAYX, SYMC, LMCA, MAR, ADBE, CA, CMCSA, COST, CSCO, DTV, EBAY, ESRX,
MSFT, NVDA, YHOO, EQIX, AMAT, FAST, INTC, ISRG, KLAC, MDLZ, GMCR, SPLS, WDC,
QCOM, STX, TRIP, AKAM, PCAR, PCLN, VIAB, ADI, DISCA, LBTYA, FOXA, CHTR, ADSK,
MAT, MU, ALTR, CTXS, INTU, NTAP, SNDK, AMGN, XLNX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market Trend: Neutral
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