All nine sectors moved
lower on Monday…XLU, 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.
___________________
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,
______________________
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
No comments:
Post a Comment