All nine sectors moved
higher on Tuesday…the strongest sectors
were XLE…
+ 2.86%, XLB +
2.09%, and XLK…the weakest sector was
XLE.
Breadth strengthened
as advancers
led decliners 2.71 to 1 on the NYSE and
1.66 to 1 on
the NASDAQ.
Tuesday – strengthened, advancers led
Monday – weakened,
decliners led
Friday – weakened,
decliners led
Thursday – weakened,
decliners led
Wednesday –
strengthened, decliners led
SPY up 2.54 at 209.33 on 122 million shares
VIX down 2.16 at 13.44…
TNX up .22 at 22.50…
TLT down .89 at 121.15…
XLF up .10 at 25.04 on 23.9 million shares
AAPL up .61 at 123.38 on 33.5
million shares
FB up 1.12 at 95.29 on 34.6 million
shares
Technical Commentary:
IWM + 0.85%, QQQ + 0.86%, DIA + 1.08%, SPY
+ 1.23%.
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 53
__________________
Setups
Horizontal Breakout:
SSYS,
Diagonal Breakout:
FOGO, SLCA, TSL, CREE,
Bull Flag: CIEN, GME, MBLY, PANW, SPLK, NFLX, ROST,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: UA, VRSN, MNST,
H Breakout: EMC, STX,
D Breakout:
Breakout Test:
Bull Flag Bounce: AIG,
AMBA, BAC, C, CCL, CYBR, DAL, GPRO, HOG, LNKD, NCLH, NKE, OCN, QIHU, RCL, SCHW,
SCTY, TPX, W, CELG, CMCSA, EBAY, ESRX, WBA,
MACD Divergence Bounce:
IWM, BX, CSIQ, ETFC, GLNG, SOHU, SONC, SPWR, SUM, SWKS, TASR, Z, AA, AXTA, CAR,
FSLR, GOGO, JASO, KKD, KNDI, MTW, UPL, X, GILD, INTC, LRCX, XLNX,
Bounce: SPY, QQQ, CRM, EXPE, FAS, IBM, JD, LVS, NTES, SEDG, SVXY, TWTR,
UBNT, YOKU, ANGI, LC, SCSS, TAN, YNDX, YY, ZU, AAL, ADBE, AKAM, AVGO, BRCM, GRMN,
MAR, MU, PCLN, QCOM, TSLA, WDC, WFM,
Gap Up: BBRY,
Gap Down: BIDU,
C- Pattern:
Bear Flag:
Support Break: FEYE, YELP,
______________________
Watch List Stocks
Leading stocks > +2% on Tuesday: SEDG, SVXY, GLNG, P, TWTR, YOKU, Z,
CSIQ, SHOP, LNKD, FIT, SOHU, OCN, TPX, SUM, SCTY, SWKS, DAL, ETFC, SPWR, EXPE
Lagging stocks < -2.0% included: VXX, GIMO, MFRM
85 of 100
NDX stocks closed higher and one was
unchanged on Tuesday.
Leading NDX 100 stocks included: MU, TSLA, AMGN, VRTX, BIIB, NXPI, SIRI, LMCA,
LRCS, CHRW
Lagging NDX stocks included: BIDU, TRIP, WYNN, AMZN, DISCA, ISRG, TSCO,
ADSK, YHOO, SPLS
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
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