Only one out of nine
sectors moved higher on Monday…XLF, XLK and XLB were the strongest sectors and XLE
was the weakest.
Breadth weakened
as decliners
led advancers 1.62 to 1 on the NYSE and 1.07 to 1 on
the NASDAQ.
Monday – weakened, decliners led
Friday - strengthened,
advancers led
Thursday – weakened,
decliners led
Wednesday – strengthened,
advancers led
Tuesday – weakened,
decliners led
SPY down .95 at 209.09 on 72.8 million shares
VIX up 1.36 at 13.94…
TNX down .12 at 19.39…
TLT up .18 at 129.80…
XLF up .09 at 24.33 on 30.7 million shares
AAPL down .25 at 126.85 on 35.9 million shares
FB up .97 at 83.01…on 26.7 million shares
Technical Commentary:
SPY -0.45%, DIA
– 0.40%, QQQ – 0.25%, IWM
+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 = 211.11, 212.71...
QQQ = 109.07…
IWM = 125.94, 127.14…
Support Levels
SPY = 208.61, 206.44...
QQQ = 106.82…
IWM = 123.77...
Earnings Week of April 6 – AA, BBBY, WBA, STZ
Earnings Week of April 13 – JNJ, JPM, FAST, WFC,
INTC, BAC, CSX, DAL, LLTC, SNDK, NFLX, GS, C, AXP, MAT
Q1 Earnings Reaction
Positive Reactions – WBA, STZ, KMX, DGLY, CTRP,
JUNO, KBH, MFRM, NKE,
More than 10% - DGLY, CTRP, JUNO,
Negative Reactions – AA, BBBY, MU, GME, YOKU,
XONE,
More than -10% - YOKU,
Reversal in progress –
Reversal of Initial
Reaction – GME, MU, YOKU, XONE
The SPX Market Forecast is
pointed up at 62.
___________________
Setups
Horizontal Breakout: SPY,
IWM, BBRY, CSIQ, EXPE, FSLR, IBM, MBLY, SCHW, VSLR, ZION, TBT, AAPL, AMZN, GILD,
ILMN,
Diagonal Breakout: SSYS,
HPQ, TRIP, WFM,
Bull Flag: BABA, CCL, CRM, CTRP, DGLY, LOCO, NTES, SWKS,
TWTR, CYBR, LVS, SFUN, YY, MYL, YHOO,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: AIG, BX, JD,
TAN,
H Breakout: BRCM, PCLN,
D Breakout: UBNT,
Breakout Test:
Bull Flag Bounce: WLT,
FB,
Bounce: CMGE, TSL, EMC,
MACD Divergence Bounce:
Gap Up: JASO, NFLX,
Gap Down: SINA,
C- Pattern:
Bear Flag:
Support Break: RCL,
______________________
29 out of
100 NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: NFLX, ISRG, VIP, FB, ILMN, SBAC, PCLN, WFM,
ROST, TRIP
Lagging NDX stocks included: SYMC, SPLS, MYL, CHKP, CHRW, DISH, WYNN, EA,
CMCSA, CTSH
Leading stocks > +2% on Monday:
TSL, SOHU, CMGE, JD, VXX, JASO, UPL
Lagging stocks < -2.0% included: VJET, SINA, Z, XONE, YOKU, FEYE, SCTY,
GPRO,
Stocks to Watch on
Monday
Holding Above 30 DMA = 56
MNST,
LVNTA, SRCL, CERN, FB, SIAL, KRFT, ORLY, ADI, ALTR, EA, EQIX, VRSK, XLNX, CTRX,
ESRX, FISV, ISRG, MDLZ, CHTR, VIP, CTXS, DISCA, HSIC, TSLA, AKAM, MYL, REGN,
ADSK, AMGN, AMZN, ATVI, BIDU, CMCSA, DLTR, DTV, INTU, NFLX, PCLN, SBUX, VRTX, YHOO, AAPL, GILD,
NVDA, PCAR, SIRI, SYMC, VIAB, WYNN, ALXN, BRCM, INTC, STX, TSCO, VOD
Moving Above 30 DMA = 1
ILMN
Moving Below 30 DMA = 7
ADBE, BIIB, CHKP, CTSH,
LMCA, NXPI, SPLS
Staying Below 30 DMA
ADP, TXN,
BBBY, CA, COST, AVGO, AAL, EXPD, ROST, FAST, PAYX, GOOG, CELG, CHRW, EBAY,
FOXA, MAR, MSFT, SBAC, SNDK, TRIP, KLAC, LBTYA, LLTC,AMAT, GMCR, QCOM, CSCO,
DISH, LRCX, NTAP, WFM, WDC, MU, GRMN, MAT
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up/Neutral
