Seven out of nine sectors
moved higher on Monday…XLI, XLV and XLY were the strongest sectors and XLE
was the weakest.
Breadth strengthened as advancers
led decliners 1.14 to 1 on the NYSE and
1.00 to 1 on
the NASDAQ where decliners led
advancers.
Monday – mixed, mixed
Friday – weakened,
decliners led
Thursday – weakened,
decliners led
Wednesday –
strengthened, advancers led
Tuesday – weakened,
decliners led
SPY up .43 at 211.57 on 93.2 million shares
VIX up .13 at 13.97…
TNX up .97 at 21.92…
TLT down 1.58 at 121.13…
XLF up .02 at 24.62 on 18.7 million shares
AAPL up .26 at 130.53 on 32
million shares
FB up 1.10 at 80.29
on 18.1 million shares
Technical Commentary:
DIA +0.16%,
SPY +0.20%, IWM +0.31%, QQQ +0.34%.
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 = 212.91, 213.91...
QQQ = 110.38, 111.16…
IWM = 124.04, 125.47…
Support Levels
SPY = 208.62, 206.76...
QQQ = 108.76, 106.80, 105.55…
IWM = 122.52, 120.87, 120.24...
The SPX Market Forecast is pointing down at 68.
___________________
Setups
Horizontal Breakout: QQQ,
ETFC, SVXY, UA, UBNT, GILD (long term),
Diagonal Breakout: EMC,
JDSU,
Bull Flag: EXPE, P, AAPL, EA, ILMN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: IBM, MBLY, TASR, COST, MAR, MNST, PCLN, WFM,
C- Pattern:
Moves
New Highs: AMBA, PANW,
EBAY, SBUX,
H Breakout:
D Breakout: CRM,
Breakout Test:
Bull Flag Bounce: BABA,
CTRP, GOGO, HPQ, JD, NTES, RCL, YY, ADBE,
Bounce: CCL, DAL, SOHU, TBT, AAL, BIDU, FB,
TRIP,
MACD Divergence Bounce:
QIHU, SWI, MTW,
Gap Up: SINA,
Gap Down: LVS,
C- Pattern:
Bear Flag:
Support Break: STI, ZION, BBRY,
______________________
Watch List Stocks
Leading stocks > +2% on Monday:
SINA, SEDG, GPRO, AMBA, GOGO, DAL, SOHU, JD, QIHU, YY, SUNE, YOKU, CTRP,
Lagging stocks < -2.0% included: SHAK, SLCA, JNPR, UBNT, VSLR, CYBR, TASR,
TSL, X, JASO
55 of 100
NDX stocks closed higher on Monday
and one was unchanged.
Leading NDX 100 stocks included: ALTR, AAL, SBAC, ISRG, DLTR, INTU, BIDU, EBAY,
XLNX, DISH
Lagging NDX stocks included: BRCM, WYNN, MDLZ
NDX Stocks to Watch on
Tuesday
Moving Above 30 DMA = 8
AMAT, BBBY, BIDU, FB, ISRG, MSFT, ORLY, VRSK
Moving Below 30 DMA = 4
AKAM, CTRX, ESRX, WDC,
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down/Neutral
