Monday, June 15, 2015

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.

___________________

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

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