Seven sectors moved
lower on Monday…the strongest sectors
were XLU, XLY and XLK…the strongest sector was XLP…the weakest sector was XLE.
Breadth weakened as decliners led advancers 2.73 to 1 on
the NYSE and 2.44 to 1 on the NASDAQ.
Monday – weakened, decliners led
Friday – weakened,
decliners led
Thursday – weakened,
decliners led
Wednesday –
strengthened, decliners led
Tuesday – strengthened,
decliners led
SPY down 1.21 at 206.79 on 132.1 million shares
VIX up 1.86
at 15.60…
TNX down .43 at 22.28…
TLT up .65 at 122.04…
XLF down .18 at 24.94 on 28.2 million shares
AAPL down 1.73 at 122.77 on 44.4
million shares
FB down 2.78 at 94.17 on 38.5 million
shares
Technical Commentary:
SPY – 0.58%, DIA – 0.73%, IWM -0.83%, QQQ -0.83%.
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Earnings Week of July 27
Monday – BIDU, NCLH, SOHU,
Tuesday – AKAM, TWTR, ESRX, FISV, CTRP, SLCA, SPWR, YELP,
Wednesday – FB, GILD, GRMN, LRCX,
MAR, WFM, WYNN, SKX, SCTY
Thursday – EXPE, STX, LNKD, FEYE,
OCN, SHOP, ESI, SSYS, YNDX,
Friday – RCL,
Q1 Earnings Reaction
Positive Reactions – AMZN, P, MXIM, JNPR, V, SBUX, LUV,
SNDK, TXN, UA, WHR, GM, VRSN, CHKP, FFIV, FTNT, LVS, PKG, TMO, TSCO, VMW, ACE,
APH, OC, BA, CHKP, IPG, CLI, CMG, LVS, MANH, TRV, VMW, LAD, HOG, WWW, ZION,
HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW, EBAY, C, USB, DAL, BAC, WFC, JPM, NKE,
AA
More than 10% - P, FTNT, SNDK, GOOG, GOOGL, HTZ, NFLX,
Negative Reactions – BIIB, TRIP, STT, AAL, FSL,
KLAC, MCD, UNP, SAVE, CELG, CA, CMCSA, ETFC, CAT, DOW, FCX, MMM, OSTK, IBM, KO,
QCOM, AXP, AAPL, IBKR, ILMN, XLNX, VZ, BEAV, BHI, LLTC, MSFT, YHOO, EXAS, STI, UNH, MAT, KEY,
YUM, FAST, CUDA, MU
More than -10% - BIIB, TRIP, GIMO, SCSS, BEAV, SWI, CUDA, MU
Reversal in progress –
LAD,
Reversal of Initial
Reaction – HTZ, HON, GE, AA,
Short-term Chart Targets:
SPY = 210.37, 211.65...
QQQ = 113.00, 114.41…
IWM = 123.71, 124.30…
Support Levels
SPY = 207.60, 206.05...
QQQ = 111.13, 110.00…
IWM = 121.28, 119.73...
The SPX Market Forecast is moving down at 60: Defensive
___________________
Setups
Horizontal Breakout:
Diagonal Breakout:
Bull Flag: AIG, AMBA, C, CCL, GME, GPRO, HOG, LNKD, MBLY,
MS, NCLH, NKE, OCN, RCL, SCHW, TPX, ZION, UAL, CELG, EA, EBAY, ESRX, FB, ROST, WBA,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: CSIQ, EXPE, FEYE, SUM, YELP, MAR, TSLA, WDC,
C- Pattern:
Moves
New Highs:
H Breakout:
D Breakout:
Breakout Test:
Bull Flag Bounce:
MACD Divergence Bounce:
TSL, X, XONE, INTC,
Bounce: GIMO, CREE, EMC, GMCR,
Gap Up: VXX,
Gap Down: BABA, BAC, CTRP, FAS, JD, NTES, QIHU, SVXY, SWKS, YOKU, KNDI,
MTW, SFUN, TAN, AAPL, AVGO, BIDU, MYL, YHOO,
C- Pattern:
Bear Flag:
Support Break: IWM, BX, ETFC, GLNG, JCP, JUNO, LVS, SINA, SOHU, BBY, GOGO,
RAX, GILD,
______________________
Watch List Stocks
Leading stocks > +2% on Monday: VXX, GIMO, TSL,
Lagging stocks < -2.0% included: JD, NTES, SHAK, SINA, W, PANW, GLNG, CTRP,
SVXY, CYBR, SEDG, JUNO, SPLK, SOHU, SWKS
16 of 100
NDX stocks closed higher and three were
unchanged on Monday.
Leading NDX 100 stocks included: AMGN, BIIB, GMCR
Lagging NDX stocks included: MYL, TSLA, BIDU, VIP, WYNN, AVGO, FB, NFLX,
YHOO, NXPI,
NDX Stocks to Watch on
Tuesday
Moving Above 30 DMA = 0
Moving Below 30 DMA = 11
BIDU, CMCSA, FISV, MSFT, SBAC, SIAL,
TSCO, VIP, VOD, VRSK
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
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