Stocks End Lower...Moderately...SPY At Support...Numerous Stocks Gaps Down...Others Bounce...Many Stocks Finish Trading Day Resting At Support...CYBR Gains 6.59%...

One of nine sectors moved higher on Monday…XLV, XLU and XLE were the strongest sectors and XLI was the weakest. 

 

Breadth weakened as decliners led advancers 1.83 to 1 on the NYSE and 1.42 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened, decliners led

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

Tuesday – strengthened, decliners led

SPY down .91 at 209.10 on 121.6 million shares

VIX up 1.61 at 15.39…

TNX down .27 at 23.58…

TLT up .19 at 118.14…

XLF down .11 at 24.93 on 32.9 million shares

AAPL down .25 at 126.92 on 39.7 million shares

FB down .82 at 80.71 on 18.2 million shares

Technical Commentary:

IWM -0.32%, SPY -0.43%, QQQ -0.50%, DIA -0.58%.

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 = 125.93, 127.13…

Support Levels

SPY = 208.62, 206.76...

QQQ = 108.63, 106.80…

IWM = 123.03, 122.52...

The SPX Market Forecast is turned up at 39.

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Setups

Horizontal Breakout: GLNG, GOGO, NTES, OCN, TSL, UNG, ZU,  

Diagonal Breakout: DGLY, KNDI, CREE,

Bull Flag: BAC, C, ETFC, FAS, MS, NKE, SCHW, SPLK, SVXY, DTV, GILD, ILMN, NFLX, SBUX, TSLA

At Support: SPY, QQQ, BABA, SWI, GLW, LOCO, SSYS, AAPL, AKAM, CELG, GOOGL, SNDK, WDC, XLNX

Moves

New Highs: AIG, CYBR, PANW,

H Breakout: SPWR,

D Breakout: FSLR, HOG, AVGO

Bull Flag Bounce: GPRO, STI, TASR, ZION,  

Bounce: CRM, JCP, SUNE, SWKS, VSLR, XONE, GMCR, PCLN,

MACD Divergence Bounce: VXX, BBRY, INTC, MAR, TXN

Gap Down: IBM, JNPR, SWI, MFRM, MTW, SCSS, VRSN, FB, MU

Support Break: CCL, HPQ, X, DDD, EMC, JDSU, TWTR, ADSK, COST, EBAY, GRMN, MSFT, QCOM,

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Watch List Stocks

Leading stocks > +2% on Monday: CYBR, UNG, VXX, TASR, FEYE, SPWR, DGLY, SUNE

                                                       

Lagging stocks < -2.0% included: SFUN, X, SVXY, SOHU, YY, KNDI, JD, YOKU, QIHU, OCN, MBLY, HPW, YNDX, SWI, SINA, P

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

Leading NDX 100 stocks included: ALXN, AVGO, REGN, VIP, GMCR, KLAC, DISCA, ADI

Lagging NDX stocks included: MU, ATVI, SNDK, CTXS, EA, INTU, AAL, AMZN, WDC, GRMN

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 2

KRFT, REGN

  

Moving Below 30 DMA = 8

AMZN, ATVI, EA, FISV, INTU, LMCA, VOD, WBA

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down