Monday, June 29, 2015

Stocks Slide Into Red...Largest Drop Of 2015...S&P Turns Negative For 2015...DJIA Closes Down 348 Points...99 Out of NDX 100 Finish Down...Greek Debt Drama Concerns Investors...

All nine sectors moved lower on MondayXLU, XLP and XLE were the strongest sectors and XLV was the weakest sector.
 
Breadth weakened on the NYSE as decliners led advancers 10.15 to 1 on the NYSE and 6.63 to 1 on the NASDAQ.

Monday – weakened, decliners led
Friday – mixed, decliners led
Thursday – strengthened, decliners led
Wednesday – weakened, decliners led
Tuesday – weakened, advancers led


SPY down 4.40 at 205.42 on 202.5 million shares, double average volume
VIX up 4.83 at 18.85…
TNX down 1.45 at 23.31…
TLT up 3.05 at 118.28…
XLF down .60 at 24.29 on 42.9 million shares

AAPL down 2.22 at 124.53 on 49.1 million shares
FB down 2.21 at 85.80 on 35.9 million shares


Technical Commentary:
IWM -2.53%, QQQ -2.36%, SPY -2.10%, DIA -1.95%.


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 = 128.99, 131.36…

Support Levels
SPY = 208.62, 206.76...
QQQ = 108.63, 106.80…
IWM = 126.54, 123.94...


The SPX Market Forecast is pointed down at 47.

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Setups
Horizontal Breakout:
Diagonal Breakout:  
Bull Flag: ASNA, GLNG, MBLY, TPX, UBNT, W, DTV, EA, FB, GILD, ILMN, NFLX, TSLA,
Potential Bullish Divergence:  
Gap Up
Gap Down:
Bear Flag:  
At Support: IWM, AIG, BX, CYBR, KNDI, OCN, SEDG, SUM, ZION, ANGI, SWI, VRSN, XONE, ZU, EBAY, GOOGL, LRCX, WFM,
C- Pattern

Moves
New Highs:  
H Breakout
D Breakout: VXX,
Breakout Test:  
Bull Flag Bounce:  
MACD Divergence Bounce: SLCA, WLT,   
Bounce: TLT, VXX,
Gap Up: VXX,  
Gap Down: C, CCL, FAS, KWEB, MS, SONC, STI, SVXY, LNKD, MAR,
C- Pattern:   
Bear Flag:  
Support Break: QQQ, ATI, BAC, CRM, CTRP, ETFC, GOGO, SCHW, SCTY, SPWR, SWKS, TSL, V, VSLR, YELP, BBY, EMC, FSLR, GLW, LVS, TAN, ZNGA, AAPL, AKAM, COST, GRMN, INTC, MSFT, TXN, WYNN, YHOO,

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Watch List Stocks
Leading stocks > +2% on Monday: VXX, TLT
                                                       
Lagging stocks < -2.0% included: SVXY, VSLR, GOGO, FAS, SEDG, SHOP, TSL, KNDI, CYBR, TASR, OCN, TBT, SUNE, CSIQ, GIMO


1 of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: CTRX

Lagging NDX stocks included: MU, SPLS, CTSH, AAL, AMGN, SIRI, LVNTA, VRTX, MAT, ALXN


NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 0

  
Moving Below 30 DMA = 22
AMZN, BBBY, BIIB, DISCA, EBAY, FAST, GILD, GRMN, HSIC, ISRG,LBTYA, LRCS, MAT, PCAR, REGN, ROST, SBAC, SIRI, VOD, VRSK, VRTX, WBA


6-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down



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