Only one of nine
sectors moved higher on Monday…XLE, XLB and XLK were the strongest sectors and
XLV was the weakest.
Breadth strengthened slightly as decliners led advancers 1.45
to 1 on the NYSE and 1.70 to 1 on the NASDAQ which weakened.
Monday – Mixed, decliners led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led
SPY down .92 at 204.63 on 87.1 million shares, below average volume
VIX up 1.26 at 18.55…
TNX up .10 at 19.48…
TLT down .21 at 130.75...
XLF down .12 at 24.02 on 30.3 million shares
AAPL up .79 at 119.72 on 38.8 million shares
FB down .03 at 74.44…on 16.1 million shares
Technical Commentary:
QQQ – 0.32%,
SPY – 0.45%, DIA –
0.56%, IWM - 0.79%.
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 = 206.42, 208.97...
QQQ = 103.17, 104.58…
IWM = 119.45, 120.82, 121.41…
Support Levels
SPY = 203.66, 202.51, 201.62...
QQQ = 102.10, 101.65, 100.48…
IWM = 1117.38, 116.57,
115.32...
Earnings this week:
Monday: NTES, SOHU,
Tuesday: AKAM, CERN, HSIC, REGN, SFUN, TRIP
Wednesday: AMAT, BIDU, FEYE,
NTAP, SCSS, TSLA, WFM, Z, ZU
Thursday: JD, KRFT, ZNGA
Friday:
Q4 Earnings Reaction
Positive Reactions – 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% - LNKD, TWTR, UBNT, ONNN, AMZN, BIIB, NFLX, FSL,
EA, TUP, X
Negative Reactions – 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% - EXPE, GPRO, YELP, P, TPX, QCOM, FFIV, KBH,
Reversal in progress – AXP, ISRG, JNJ, JPM, QCOM, STT,
Reversal of Initial Reaction – AA, BAC, C, IBM, KBH, KSU, MCD, WFC,
ZION
The SPX Market Forecast rising at 62.
___________________
Setups
Horizontal Breakout: CAR,
CSIQ, JCP, MFRM, RAX, SCTY, TSL, CMCSA, GRMN,
Diagonal Breakout: VJET,
ADSK, STX,
Bull Flag: FEYE, FSLR, SCSS, KNDI, AMZN, COST, DTV,
EA,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: FB, GILD, INTC, YHOO,
C- Pattern:
Moves
New Highs:
H Breakout:
D Breakout: XONE,
Breakout Test:
Bull Flag Bounce:
Bounce: X, BIDU,
MACD Divergence Bounce:
Gap Up:
Gap Down: AA, DAL, NTES, SOHU,
C- Pattern:
Bear Flag:
Support Break: GPRO, UAL, AR, M
______________________
24 out of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: SPLS, VIAB, BIDU, WYNN, FOXA, QCOM, PCLN, STX
Lagging NDX stocks included: AAL, AMAT, ALXN, AVGO, ISRG, LVNTA, MU, GMCR,
REGN, MYL, NXPI, EA
Leading stocks > +2% on Monday:
X, LC, XONE, CSIQ, SSYS, MTW, TSL
Lagging stocks < -2.0% included:
SOHU, YELP, GPRO, AA, UAL, NTES, CTRP,
SPLS, SWKS, GOGO, RCL, SCSS, LOCO, DAL, CRM
Stocks to Watch on Tuesday
Holding Above 30 DMA = 49
WFM, SIAL, KRFT, MNST, CTSH, FISV, NXPI, SIRI, ATVI,
BIIB, CERN, EA, NFLX, ILMN, SBAC, SBUX,
AMZN, DLTR, TSCO, VRSK, AAPL, COST, GOOG, BBBY, CTRX, DISH, EXPD, GRMN, ORLY,
TSLA, VIP, ADP, BRCM, CA, CTXS, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR,
CMCSA, PAYX, ADI, CELG, LLTC, AKAM
Moving Above 30 DMA = 0
Moving Below 30 DMA = 4
AMAT, AVGO, HSIC, VOD
Staying Below 30 DMA
EQIX, INTU, LVNTA, REGN, SRCL, SYMC, CHRW, GILD, SPLS, WYNN, ALXN, AAL,
FB, LRCX, VRTX, BIDU, CHKP, MAR, MYL, CSCO, EBAY, ESRX, MSFT, YHOO, FAST, GMCR,
INTC, ISRG, KLAC, MDLZ, WDC, QCOM, STX, TRIP, DISCA, FOXA, PCAR, PCLN,VIAB,
ADSK, MAT, MU, ALTR, NTAP, SNDK, AMGN, XLNX
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Down
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