All nine sectors moved
lower on Monday…XLP, XLB and XLV were the strongest sectors and XLK
was the weakest.
Breadth weakened as advancers led decliners 2.41 to 1 on
the NYSE and 1.77 to 1 on the NASDAQ.
Monday – weakened, decliners led
Friday – strengthened,
mixed
Thursday – weakened,
decliners led
Wednesday – mixed,
advancers led
Tuesday – strengthened,
advancers led
SPY down 1.29 at 208.48 on 88.8 million shares
VIX up 1.08 at 15.29…
TNX down .21 at 23.81…
TLT down .13 at 117.47…
XLF down .15 at 24.64 on 22.9 million shares
AAPL down .85 at 127.80 on 52.6
million shares
FB down 1.47 at 80.67
on 16.9 million shares
Technical Commentary:
QQQ -1.02%, SPY
– 0.61%, IWM -0.46%, DIA
-0.39%.
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 pointed down at 45.
___________________
Setups
Horizontal Breakout: SOHU,
TPX, UBNT, YY (long term), SCSS, XONE, TSLA (long term),
Diagonal Breakout: VJET,
Bull Flag: AIG, CIEN, GOGO, SEDG, DTV, EBAY, FB,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: DGLY, HPQ, SWI, BBRY, CAR, CREE, UAL, VRSN, GOOGL, PCLN, WDC,
C- Pattern:
Moves
New Highs: AMBA, JD,
H Breakout:
D Breakout: TASR,
Breakout Test:
Bull Flag Bounce:
Bounce: DAVE,
MACD Divergence Bounce:
Gap Up: CYBR,
Gap Down: LVS, WLT, WYNN,
C- Pattern:
Bear Flag:
Support Break: QQQ, BABA, DAL, AAL, EA, MAR, MU, QCOM, TXN, YHOO,
______________________
Watch List Stocks
Leading stocks > +2% on Monday: AMBA, UNG, CYBR, TASR, YY, SUM
Lagging stocks < -2.0% included: LC, YELP, DAL, JUNO, GLNG, P, VSLR, SWKS,
SLCA, QIHU, CSIQ, SCTY, BABA, YOKU, SPWR, CRM, ZNGA, CTRP, JASO, TSL, GOGO,
DGLY, SVXY
8 of 100
NDX stocks closed higher on Monday
and one was unchanged.
Leading NDX 100 stocks included: TSLA, MAT
Lagging NDX stocks included: WYNN, VIP, AAL, EBAY, AVGO, NXPIE, STX, MU,
DISH, REGN
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
