Stellar Day For Stocks...NASDAQ & RUT End At Record Highs...AMBA Takes A Dive To End Down 20.94%...Horizontal & Diagonal Breakouts Abundant...Making New Highs CCL, NKE, TPX, ADBE, CMCSA & EA...

Eight out of nine sectors moved higher on Monday…XLF, XLE and XLK were the strongest sectors and XLU was the weakest. 

 

Breadth strengthened as advancers led decliners 1.49 to 1 on the NYSE and 1.83 to 1 on the NASDAQ.

Monday – strengthened, advancers led

Friday – weakened, decliners led

Thursday – strengthened, advancers led

Wednesday – weakened, mixed

Tuesday – strengthened, advancers led

SPY up 1.08 at 211.89 on 70.6 million shares

VIX down 1.22 at 12.74…

TNX up .93 at 23.60…

TLT down 2.43 at 116.65…

XLF up .38 at 25.12 on 32.6 million shares

AAPL up 1.01 at 127.61 on 34 million shares

FB up 2.23 at 84.74 on 29.1 million shares

Technical Commentary:

SPY + 0.51%, DIA + 0.65%, IWM + 0.69%, QQQ + 0.74%.

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 = 212.67, 213.78...

QQQ = 110.81, 111.16…

IWM = 127.13, 128.15…

Support Levels

SPY = 208.62, 206.76...

QQQ = 108.63, 106.80…

IWM = 123.94, 122.52...

The SPX Market Forecast is turned up at 62.

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Setups

Horizontal Breakout: SPY, QQQ, AIG, C, GME, KKD, MS, NCLH, RCL, UBNT (long term), MFRM, SSYS, VRSN, AMZN, CELG, FB, GOOGL, GRMN, NFLX,

Diagonal Breakout: IBM, JCP, V, Z, ZNGA, BBY, GLW, AAPL, ADSK, AKAM, MAR, MSFT, STX, TXN,

Bull Flag: CIEN, CRM, CYBR, FEYE, GOGO, KWEB, NTES, SINA, TASR, TSL, FSLR, ZU,

Potential Bullish Divergence:

Gap Up: 

Gap Down:

Bear Flag:  

At Support: GPRO, SWI, VJET,

C- Pattern: 

Moves

New Highs: IWM, CCL, NKE, SVXY, TPX, ADBE, CMCSA, EA,

H Breakout: ESRX, NTAP,

D Breakout:

Breakout Test:  

Bull Flag Bounce: ETFC, OCN, ZION,

Bounce: WLT,

MACD Divergence Bounce: BBRY,

Gap Up: AAL,

Gap Down: AMBA,

C- Pattern:   

Bear Flag:  

Support Break: ATI, UPL, PCLN,

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Watch List Stocks

Leading stocks > +2% on Monday: SVXY, TBT, SHOP, ETFC, CTRP, SONC, OCN, DAL, W, SCHW, ASNA, FAS, UA, CCL

                                                       

Lagging stocks < -2.0% included: AMBA, SEDG, GPRO, SHAK, VXX, YNDX, NTES, LC, UNG, SUM FEYE, X, GOGO, YOKU, TLT,

75 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: AAL, ADBE, NFLX, FB, VIP, SNDK, ALXN, CELG, ADSK, TXN

Lagging NDX stocks included: WYNN, SYMC, TSLA, GMCR, WBA, PCLN, BIDU, NVDA, BBBY, ROST

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 5

CA, INTU, SIRG, PCAR, TXN

  

Moving Below 30 DMA = 1

DISH

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up