Stocks End Trading Session With Little Change...FSLR & SPWR Both Up In After Market Trading After Announcement Of Joint IPO For Pooled-Asset Spin-Offs...FSLR Up 9%...SPWR Up 12%...

Four out of nine sectors moved higher on Monday…XLU, XLV and XLP were the strongest sectors and XLI was the weakest.

 

Breadth weakened as decliners led advancers 1.01 to 1 on the NYSE and 1.30 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – mixed

Wednesday – strengthened, advancers led

Tuesday – mixed

SPY down .03 at 211.21 on 74.3 million shares, below average volume

VIX up .26 at 14.56…

TNX down .74 at 20.59…

TLT up 1.45 at 127.99...

XLF down .06 at 24.38 on 19.1 million shares, below average volume

AAPL up 3.50 at 133.00 on 70.9 million shares

FB down 1.05 at 78.84…on 24.1 million shares

Technical Commentary:

SPY – 0.01%, DIA – 0.12%, QQQ + 0.10%, IWM + 0.10%.

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 = 211.45, 212.95...

QQQ = 109.41, 111.16…

IWM = 122.50, 123.54…

Support Levels

SPY = 208.97, 207.24...

QQQ = 106.41, 105.85…

IWM = 121.41, 120.82, 119.39...

Earnings this week:

Monday: ESRX, SOHU

Tuesday: FSLR, HPQ, LC, SPWR, CMCSA

Wednesday: CRM, YOKU, AVGO

Thursday: DDD, GOGO, JCP, MBLY, SPLK, ADSK, MNST, ROST

Friday: 

Q4 Earnings Reaction

Positive Reactions – ANGI, CAR, INTU, JWN, RAX, MAR, NEM, PCLN, Z, TRIP, FEYE, CSCO, NVDA, AKAM, WFM, Z, EEFT, TMH, CTLT, SKX, NTES, WCG, ADP, ATVI, CTSH, FISV, ONNN, ORLY, SIRI, UA, VRSN, 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% - ANGI, UPL, TRIP, FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL, EA, TUP, X

Negative Reactions – SCTY, ZU, ZNGA, NTAP, BIDU, TSLA, HSIC, KRFT, SFUN, SOHU, ATML, CHRW, FOXA, GILD, GMCR, SRCL, SYMC, WYNN, 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% - TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,

Reversal in progress – AAL, AXP, BIDU, CHRW, FFIV, GILD, ISRG, JNJ, KBH, KLAC, MSFT, NTAP, SOHU, STX, VRTX,

Reversal of Initial Reaction – TSLA, QCOM, STT, TPX, WDC, ALTR, ATML, FOXA, GMCR, HSIC, JDSU, JPM, KSU, PCAR, SFUN, SRCL, SYMC, WYNN, XLNX, AA, BAC, C, HSIC, IBM, KBH, KSU, MCD, WFC, ZION

The SPX Market Forecast is at 98.

___________________

Setups

Horizontal Breakout: BBY, BX, CMGE, FSLR, GOGO, CELG, LRCX, MYL, WDC,  

Diagonal Breakout: C, HPQ, NKE, GMCR, STX,

Bull Flag: BAC, CAR, SCSS, SLCA, SOHU, Z, BRCM, MAR, XLNX,

Potential Bullish Divergence:  

Gap Up:              

Gap Down:

Bear Flag:   

At Support:

C- Pattern:   

Moves

New Highs: IWM, EXPE, SWKS, AAPL, AVGO, ESRX, ROST,  

H Breakout:  

D Breakout: UAL, COST, NTAP,      

Breakout Test: 

Bull Flag Bounce:  

Bounce:  AMBA, KKD, NTES, TPX,   

MACD Divergence Bounce:

Gap Up: DGLY, UA,

Gap Down: LVS, AA,    

C- Pattern:  

Bear Flag:  

Support Break:

______________________

38 out of 100 NDX stocks closed higher on Monday and one was unchanged.

Leading NDX 100 stocks included: DISCA, AAPL, GILD, GMCR, CERN, ORLY, LBTYA, ROST

Lagging NDX stocks included: VIP, TSLA, CTXS, WYNN, MU, AKAM, INTC, SBAC, BIDU, SNDK

Leading stocks > +2% on Monday: DGLY, AMBA, LC, JCP, EXPE, SWKS

Lagging stocks < -2.0% included: VJECT, ESI, FEYE, XONE, SLCA, Z, UPL, UNG, LVS, GPRO, UBNT, PANW, SCTY, SSYS

Stocks to Watch on Tuesday

Holding Above 30 DMA = 85

WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, NFLX, ILMN, SBAC, SBUX, AMZN, DLTR, CSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, ORLY, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, PAYX, ADI, LLTC, AKAM, ADSK, AMAT, AVGO, INTU, LRCX, MAR, MU, PCLN, WYNN, ESRX, MDLZ, ALTR, CSCO, EQIX, HSIC, LVNTA, TRIP, WDC, XLNX, CHKP, DISCA, EBAY, FOXA, GILD, MYL, PCAR, QCOM, SNDK, ALXN, AMGN, FB, SRCL, CELG, REGN, TSLA, VIAB, VOD, AAL, BBY, STX, VRTX

Moving Above 30 DMA = 3

CHRW, ISRG, MSFT                                                                                

Moving Below 30 DMA = 2

KLAC, SYMC                                                                                                                    

Staying Below 30 DMA

GRMN, KRFT, NTAP, SPLS, BIDU, YHOO, FAST, GMCR, INTC, MAT

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up/Neutral