Two out of nine sectors
moved higher on Monday…and two were
unchanged…XLP and XLU were the strongest
sectors and XLI
was the weakest.
Breadth weakened
as advancers
led decliners 1.39 to 1 on the NYSE and 1.14 to 1 on
the NASDAQ.
Monday- weakened, advancers led
Friday – strengthened,
advancers led
Thursday – mixed, mixed
Wednesday –
strengthened, advancers led
Tuesday – weakened,
mixed
SPY down .41 at 210.00 on 71.5 million shares, below average volume
VIX up .39 at 13.41…
TNX down .15 at 19.15…
TLT down .16 at 131.35…
XLF down .14 at 24.57 on 21.4 million shares
AAPL up 1.31 at 127.21 on 37.5 million shares, above average volume
FB up .63 at 84.43…on 27.2 million shares
Technical Commentary:
SPY – 0.19%,
QQQ – 0.19%, IWM –
0.09%, DIA – 0.06%.
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 = 212.24...
QQQ = 108.94…
IWM = 126.22…
Support Levels
SPY = 205.86...
QQQ = 105.62…
IWM = 122.77...
Earnings this Week
BBRY, CMGE, DGLY, GME
Q4 Earnings Reaction
Positive Reactions – CTRP, JUNO, KBH, MFRM, NKE, AVGO, CRM, MNST, ROST, ADSK, GOGO, SPWR, ESRX,
CMCSA, 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% - CTRP, JUNO, AVGO, MNST, CRM, SPWR, ANGI, UPL, TRIP,
FEYE, EEFT, TMH, MLM, SEE, LNKD, TWTR, UBNT, ONNN, AMZN,
BIIB, NFLX, FSL, EA, TUP, X
Negative Reactions – YOKU, XONE, JCP, SPLK, LL, LC, HPQ, 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, WFC,
More than -10% - YOKU, LL,
LC, TPX, ZU, ZNGA, EXPE, GPRO, YELP, P, TPX, QCOM,
FFIV, KBH,
Reversal in progress –
ZNGA, AXP, BIDU, FFIV, GILD, ISRG, JCP, JDSU, JNJ, KLAC, MSFT, NTAP, RCL, SOHU,
STX, YHOO
Reversal of Initial
Reaction – AA, AAL, ALTR, ATML, C, BAC, CHRW, FOXA, GMCR, HSIC, IBM, JDSU, JPM, KSU, MCD, PCAR,
QCOM, SFUN, SRCL, SYMC, STT, TPX, TSLA, WDC, WYNN, VRTX, WFC, XLNX, ZION
The SPX Market Forecast is rising and
at 75.
___________________
Setups
Horizontal Breakout: SPY,
FAS, IBM, JD, LOCO, MFRM (long term), SLCA, TSL, TWTR, P, YY, EA, GRMN, XLNX,
Diagonal Breakout: ESI,
LNKD, SSYS, MSFT, NFLX, TSLA,
Bull Flag: BABA, C, GOGO, JDSU, RAX, VSLR, MYL, SBUX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag: V,
At Support: NTAP,
C- Pattern:
Moves
New Highs: SUNE, VRSN,
FB,
H Breakout: CSIQ,
JCP, NTES, SOHU, X, ZNGA, QIHU, SFUN, TAN (long term), BIDU,
D Breakout: ATI, DGLY, GPRO,
Breakout Test:
Bull Flag Bounce:
Bounce: ANGI, CMGE, YELP,
ANR, CYBR, SINA,
MACD Divergence Bounce:
Gap Up:
Gap Down: CCL, GILD,
C- Pattern:
Bear Flag:
Support Break: BBRY, CIEN, DAVE,
______________________
36 out of 100 NDX stocks
closed higher on Monday.
Leading NDX 100 stocks included: SPLS, BIDU, MDLZ, WYNN, EBAY, AAPL, VIP, VIAB,
AVGO, TSLA
Lagging NDX stocks included: CELG, VRTX, NVDA, NXPI, BIIB, AAL, MU, REGN,
AMGN, ILMN
Leading stocks > +2% on Monday:
CMGE, ATI, DGLY, YELP, X, GPRO, JCP, SLCA, LC, ANGI
Lagging stocks < -2.0% included:
VSLR, JUNO, UAL, UPL, SPLK, CIEN, SCSS,
RCL
Stocks to Watch on Tuesday
Holding Above 30 DMA = 67
MNST,
CTSH, NXPI, SIRI, ATVI, BIIB, DLTR, VRSK, COST, GOOG, EXPD, VIP, LMCA, NVDA,
ROST, ADBE, CHTR, PAYX, ADI, AKAM, AVGO, INTU, MAR, LVNTA, TRIP, CHKP, EBAY,
SRCL, VRTX, CHRW, SNDK, EQIX, REGN, MYL, ORLY, CERN, FB, SBUX, TSCO, AAL, ALTR, AMGN, CELG, FISV, ISRG, LLTC, SIAL, TXN,
XLNX, ALXN, FAST, YHOO, BIDU, BRCM, CA, PCLN, CTXS, ESRX, HSIC, CMCSA, DISCA, EA, FOXA, KLAC, LBTYA, LLTC, PCAR,
SBAC, VIAB
Moving Above 30 DMA =
2
AAPL, SPLS
Moving Below 30 DMA = 6
ADBE, ADP, AMZN, GILD,
ILMN, MSFT
Staying Below 30 DMA
ADSK, AMAT, GMCR, BBBY, QCOM, CSCO, DISH, DTV, LRCX, NTAP, WFM, MDLZ, NFLX, WDC, MU,
STX, TSLA, CTRX, SYMC, VOD, WYNN, GRMN, KRFT, INTC, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
