Stocks End Weaker Amid Uncertainty as Greeks Vote No...Oil Slides 8%...ADRs SOHU -13.68%, SFUN -14.30% as FXI Continues Slide...TPX New High in a World of Unrest...

Only one sector moved higher on Monday…XLU, XLV and XLP were the strongest sectors and XLE was the weakest sector.

 

Breadth weakened as decliners led advancers 1.72 to 1 on the NYSE and 1.35 to 1 on the NASDAQ.

Monday – weakened, decliners led

Thursday – weakened, mixed

Wednesday – strengthened, advancers led

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

SPY down .59 at 206.72 on 117.7 million shares

VIX up .22 at 17.01…

TNX down 1.15 at 22.78…

TLT up 2.15 at 118.15…

XLF down .10 at 24.54 on 26.9 million shares

Technical Commentary:

IWM -0.03%, DIA -0.21%, QQQ -0.23%, SPY -0.28%.

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 = 206.72, 208.02, 209.16...

QQQ = 108.01, 108.86…

IWM = 126.60, 127.50…

Support Levels

SPY = 205.76, 204.22...

QQQ = 106.55, 105.75…

IWM = 123.94, 122.52...

The SPX Market Forecast is pointed down at 15.

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Setups

Horizontal Breakout:  MBLY, NKE, LVS, TLT, VXX,

Diagonal Breakout: SCSS, AMBA, AXTA, CCL, MS, PANW, W, UAL, AAL,

Bull Flag: AIG, ASNA,

Potential Bullish Divergence: DGLY

Bear Flag: CIEN,

At Support: BX, BAC, C, CRM, ETFC, FEYE, GIMO, SCHW, SPLK, SUNE, TSL, UNG, Z, MTW, SSYS, AKAM, COST, MAR, NTAP,

C- Pattern:  ESPR

Moves

New Highs: TPX

Bull Flag Bounce:  FB, XON, ALGT, MKTX, NBIX

MACD Divergence Bounce: WLT,   

Bounce: AXTA, DAL, GMC, JCP, LC, OCN, SONC, SUM, LNKD, LVS, UAL, AAL, EA, FB, MNST, ROST, SBUX, WFM  

Gap Down: KWEB, QIHU, SFUN, SINA, YOKU, YY, EMC, TAN, BIDU, ESRX, GRMN,

C- Pattern:  OPK, IPXL, BURL

Support Break: BABA, BAC, C, CRM, CYBR, JASO, JD, JNPR, KNDI, NTES, SEDG, ZION, GLW, TXN, YHOO, 

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Watch List Stocks

Leading stocks > +2% on Monday: LC, VXX, SUM, JCP, MBLY,

                                                       

Lagging stocks < -2.0% included: SFUN, SOHU, YOKU, YY, SINA, SEDG, JASO, NTES, KWEB, VSLR, QIHU, CSIQ, CSIQ, SLCA,

32 of 100 NDX stocks closed higher on Wednesday and three were unchanged.

Leading NDX 100 stocks included: AAL, SRCL, CHTR, ROST, PAYX, VRSK, MNST, MYL, AMGN, TSCO

Lagging NDX stocks included: BIDU, VIP, MU, GMCR, LRCX, AVGO, STX, YHOO, VOD, KLAC

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 2

CHTR, SRCL

  

Moving Below 30 DMA = 3

ESRX, LRCX, PCAR

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral/Down