All nine sectors moved
higher on Monday…the strongest sectors
were XLK…XLY…and XLF…the weakest sector was XLU.
Breadth weakened slightly as advancers led
decliners 2.74 to 1 on the NYSE and
2.49 to 1 on
the NASDAQ.
Monday – weakened, advancers led
Friday – strengthened,
advancers led
Thursday – strengthened,
advancers led
Wednesday – weakened,
decliners led
Tuesday – strengthened,
advancers led on NYSE
SPY up 2.29 at 209.77 on 106 million shares
VIX down 2.93 at 13.90…
TNX up .13 at 24.30…
TLT down .36 at 115.69…
XLF up .30 at 24.94 on 33.4 million shares
AAPL up 2.38 at 125.66 on 41.4
million shares
FB up 2.15 at 90.10 on 29.9 million
shares
Technical Commentary:
SPY +1.10%,
IWM +1.13%, DIA +1.23%, QQQ +1.76%.
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
Tuesday – CSX, FAST, JNJ, JPM, WFC, YUM
Wednesday – BAC, DAL, INTC, NFLX,
USB
Thursday – C, EBAY, GOOGL, GS, KEY,
MAT, SCHW, SLB, UNH
Friday – GE, HON, STI
Q1 Earnings Reaction
Positive Reactions – NKE, AA
More than 10% -
Negative Reactions – CUDA, MU
More than -10% - MU
Reversal in progress –
Reversal of Initial
Reaction –
Short-term Chart Targets:
SPY = 208.02, 209.16,
209.96...
QQQ = 108.01, 108.86, 109.66…
IWM = 124.51, 125.63…
Support Levels
SPY = 205.76, 204.22...
QQQ = 106.55, 105.75…
IWM = 122.82, 121.53...
The SPX Market Forecast turned up and is at 31.
___________________
Setups
Horizontal Breakout: AIG, IBM, PANW, STI, W, CMGE, LNKD, AAL, ESRX,
QCOM,
Diagonal Breakout: BABA,
BX, GPRO, HPQ, SWKS, ESI, KNDI, P, SWI, ADSK,
Bull Flag:
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: NCLH, NKE,
TPX, AMZN, CMCSA, EA, EBAY, FB, NFLX, SBUX, WBA,
H Breakout: MBLY
(long term), SCHW, VRSN, AKAM, CELG, GOOGL, ILMN, ROST,
D Breakout: AXTA, BAC, CIEN, HOG, SCSS, AVGO, BRCM, MSFT,
Breakout Test:
Bull Flag Bounce:
MACD Divergence Bounce:
LOCO, INTC, WDC,
Bounce: SPWR, TWTR, X, YELP, Z, FSLR, MTW, RAX,
Gap Up: SPY, QQQ, IWM,
C, CCL, DAL, EXPE, FAS, SVXY, UA, V, LVS, UAL, AAPL, AMZN, CMCSA, GRMN, MAR,
MNST, PCLN, TRIP,
Gap Down: ASNA, VXX,
C- Pattern:
Bear Flag:
Support Break: GLW,
______________________
Watch List Stocks
Leading stocks > +2% on Monday: SVXY, X, SEDG, JD, UA, SFUN, BX, FIT,
SLCA, FOGO, UNG, Z, YOKU, EXPE, FAS, SHOP, SPWR, HABT, TWTR, JUNO, CCL, SHAK,
SUNE, CSIQ, TSL, ATI, SONC, DAL, W, JCP, CIEN, YELP
Lagging stocks < -2.0% included: VXX
94 of 100
NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: GRMN, VIP, NFLX, WYNN, ALXN, GOOG, ROST, AAL,
BIDU, AMAT
Lagging NDX stocks included: CHKP, NXPI
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral/Up
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