Monday, March 9, 2015

On The 6th Anniversary Of The Bull Market...Stocks Close Slightly Up...DJIA Up Triple Digits...Leading The Bull Market For Last Six Years...Biotech & Pharma...Making New Highs...SWKS...CMCSA...EBAY

Eight of nine sectors moved higher on Monday…XLI, XLV and XLY were the strongest sectors and XLE was the weakest.
 
Breadth strengthened as advancers led decliners 1.11 to 1 on the NYSE and weakened on the NASDAQ 1.24 to 1.


Monday – strengthened, advancers led


SPY up .86 at 208.36 on 89.8 million shares, below average volume
VIX down .14 at 15.06…
TNX down .45 at 21.95…
TLT up 1.14 at 124.64...
XLF up .11 at 24.34 on 21.6 million shares, below average volume

AAPL up .54 at 127.14 on 88.5 million shares, above average volume
FB down .56 at 79.44…on 18.9 million shares, below average volume

Technical Commentary:
QQQ + 0.29%, SPY + 0.41%, IWM + 0.44%, DIA + 0.78%.



Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.


 The SPX Market Forecast is at 79.

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Setups
Horizontal Breakout: AIG, BBY, CMGE, JDSU, RAX, SCSS, STI, MFRM, VRSN, SNDK,  
Diagonal Breakout: CTRP, ESI, MBLY, NTAP, QCOM,  
Bull Flag: BX, C, CREE, FSLR, GOGO, RCL, SLCA, UBNT, TAN, TPX, ADBE, AMZN, AVGO, GOOGL, TRIP,   
Potential Bullish Divergence:  
Gap Up:          
Gap Down:  
Bear Flag:   
At Support: CAR, DDD, KKD, SOHU, VJET, P, SINA, INTC,
C- Pattern:  

Moves
New Highs: SWKS, CMCSA, EBAY,  
H Breakout: CIEN (long term),  
D Breakout:      
Breakout Test: 
Bull Flag Bounce: IWM, SPY, AMBA, TWTR, UA, CCL, TXN,  
Bounce: ATI, DAL, EMC, HOG, IBM, COST, LRCX, MAR, MSFT,    
MACD Divergence Bounce
Gap Up: JNPR,  
Gap Down: BBRY, AA,      
C- Pattern:  
Bear Flag:  
Support Break: GPRO, LOCO, LVS, MTW, UPL, YELP,  

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

Leading NDX 100 stocks included: ALXN, SNDK, QCOM, BBBY, EBAY, CSCO, VIAB, TXN, SYMC, MAR, ORLY, MFST

Lagging NDX stocks included: WYNN, NFLX, VIP, RSLA, INTC, EQIX, YHOO, DISCA, BIDU, FB, AVGO, AKAM, BIIB

Leading stocks > +2% on Monday: VSLR, ATI, AMBA, DGLY, ESI

Lagging stocks < -2.0% included: UPL, BBRY, GPRO, UNG, JUNO, JCP, UBNT, CSIQ, ANGI, TSL, MTW, YELP, GOGO, LOCO, LVS, BABA, JASO, X


Stocks to Watch on Tuesday
Holding Above 30 DMA = 62
WFM, SIAL, MNST, CTSH, FISV, NXPI, SIRI, ATVI, BIIB, CERN, EA, SBAC, SBUX, AMZN, DLTR, TSCO, VRSK, AAPL, COST, GOOG, DISH, EXPD, ORLY, VIP, BRCM, DTV, LBTYA, LMCA, NVDA, ROST, TXN, ADBE, CHTR, CMCSA, PAYX, ADI, LLTC, AKAM, ADSK, AVGO, INTU, MAR, PCLN, ALTR, CSCO, LVNTA, TRIP, XLNX, CHKP, DISCA, EBAY, QCOM, ALXN, FB, SRCL, VIAB, VRTX, CHRW, GMCR, SNDK, EQIX, REGN,

Moving Above 30 DMA = 5
CA, FOXA, LRCX, MYL, NTAP

Moving Below 30 DMA = 0


Staying Below 30 DMA
AMAT, AMGN, BIDU, CELG, ESRX, GILD, ILMN, MDLZ, NFLX, WDC, ADP, CTXS, PCAR, HSIC, KLAC, MSFT, MU, SPLS, STX, TSLA,CTRX, SYMC, AAL, BBBY, ISRG, VOD, WYNN, GRMN, KRFT, YHOO, FAST, INTC, MAT

6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down

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