Six of nine sectors
moved higher on Monday…the
strongest sectors were XLK, XLV and XLP…the weakest sector was XLE.
Breadth weakened as decliners led advancers 2.14 to 1 on
the NYSE and 2.27 to 1 on the NASDAQ.
Monday – weakened, decliners
led
Friday – weakened,
decliners led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – weakened,
advancers led
SPY up .11 at 212.59 on 70.4 million shares
VIX up .30
at 12.25…
TNX up .23 at 23.72…
TLT down .50 at 118.22…
XLF up .03 at 25.42 on 20.5 million shares
AAPL up 2.48 at 132.07 on 58.9
million shares, 43% above average volume
FB up 2.94 at 97.91 on 54.8 million
shares, 114% above average volume
Technical Commentary:
QQQ +0.34%,
DIA +0.08%, SPY +0.05%, IWM -0.54%.
The NDX led all indexes with gains in FB, MSFT, AMZN,
AAPL, PCLN, BIIB, REGN, TSLA and EBAY.
PYPL +2.08, +5.42% starting
trading on the NASDAQ today and was included in the SP500 after the
close on Friday. NE was removed
from the SP500.
VSLR +4.87,
+44.76% after
announcement of buyout by SUNE at 16.50 per share.
MS opened higher on a strong earnings
report but finished down 16 cents.
HAS +4.90,
+6.26% gapped
higher on a positive earnings reaction.
HAL +1.83% and EXAS -2.10% following earnings this morning.
After-hours IBM -9.14, -5.28% was down following on a negative earnings reaction.
Earnings season continues with IBM,
MS, MSFT, YHOO, AAPL, BA, KO, AMZN, MCD, SBUX, UA and AAL as some of the bigger names
reporting this week.
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 13
Monday – EXAS, HAL, HAS, IBM, MS, ZION
Tuesday – BHI, CMG, GPRO, HOG, ILMN,
IBKR, LLTC, MSFT, SKX, TRV, VZ, VMW, YHOO
Wednesday – ALTR, AXP, AAPL, BA,
CHKP, KO, FFIV, FTNT, LVS, QCOM, RCL, SNDK, TSCO, XLNX,
Thursday – MMM, AMZN, CA, CMCSA,
DOW, ETFC, FCX, FSL, GM, GIMO, JNPR, KLAC, MCD, NDAQ, OSTK, P, PHM, LUV, SBUX, TRIP, UA, UNP, UAL, VRSN, V,
Friday – AAL, BIIB, SAVE, STT,
Q1 Earnings Reaction
Positive Reactions – HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW,
EBAY, C, USB, DAL, BAC, WFC, JPM, NKE, AA
More than 10% - GOOG, GOOGL, HTZ, NFLX,
Negative Reactions – EXAS, STI, UNH, MAT, KEY, YUM, FAST,
CUDA, MU
More than -10% - CUDA, MU
Reversal in progress –
Reversal of Initial
Reaction –
Short-term Chart Targets:
SPY = 212.59, 214.90...
QQQ = 114.41, 116.43…
IWM = 125.63, 128.55…
Support Levels
SPY = 210.78, 208.94...
QQQ = 111.13, 110.00…
IWM = 124.75, 123.37...
The SPX Market Forecast is moving up and is at 86.
___________________
Setups
Horizontal Breakout: BABA,
JNPR, MS, SEDG, SPLK, SUM, SUNE, SWKS, UA
Bull Flag: AIG, BX, CIEN, FIT, IWM, NTES, PANW, STI, TASR,
TPX, UBNT
Gap Down: IBM
At Support: GLNG, GOGO, JUNO, SINA,
C- Pattern: SWKS, GT
Moves
New Highs: SPY, QQQ, BAC,
C, FAS, NCLH, NKE, SCHW, V, PYPL, W
H Breakout: SCTY, SHAK
Breakout Test: JD
Gap Up: VSLR, HAS,
GPRO,
Gap Down: GLD
______________________
Watch List Stocks
Leading stocks > +2% on Monday: VSLR, GPRO, SCTY, AMBA, SHAK, V, SEDG
Lagging stocks < -2.0% included: DGLY, FOGO, FIT, UBNT, TASR, YOKU, CYBR,
FEYE, JCP, Z, GLD, CIEN, SINA, SOHU, SLCA
44 of 100
NDX stocks closed higher on Monday and
two were unchanged.
Leading NDX 100 stocks included: FB, TSLA, PCLN, EBAY, GMCR, MNST, AAPL, EA,
REGN
Lagging NDX stocks included: MU, NFLX, MYL, AAL, WYNN, GOOG, TSCO, NXPI
NDX Stocks to Watch on
Tuesday
Moving Above 30 DMA = 2
CHRW, ISRG
Moving Below 30 DMA = 3
AAL, CTXS, SRCL
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
No comments:
Post a Comment