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.
___________________
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,
______________________
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
No comments:
Post a Comment