Investors Mull Concerns Over China...FED Rate Hikes...Stocks End Lower...DJIA Close August With Largest Monthly Loss In 5 Years...JCP Upgraded...

Only one sector moved higher on Monday… XLE moved higher.  The weakest sectors were XLK, XLU, and XLU.

Breadth weakened as decliners led advancers 1.27 to 1 on the NYSE and 1.04 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

SPY down 1.61 at 197.67 on 159.6 million shares

VIX up 2.38 at 28.43…

TNX up .14 at 22.00…

TLT down .94 at 121.42…

XLF down .20 at 23.43…47.6 million shares

AAPL down .53 at 112.76 on 56.1 million shares

FB down 1.58 at 89.43 on 32.7 million shares

Technical Commentary:

IWM -0.36%,  DIA – 0.69%, SPY -0.81%, QQQ -1.24%.

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 =...200.00

QQQ = 106.47…

IWM = 116.66, 117.50…

Support Levels

SPY = 196.03, 194.95...

QQQ = 100.49, 99.29…

IWM = 114.76, 111.79...

The SPX Market Forecast is turned up at 31.

__________________

Setups

Horizontal Breakout: SINA, SWKS, UBNT, VXX, CREE, OCN, SSYS, STX,

Diagonal Breakout: AXTA, ETSY, EXPE, NCLH, NKE, PANW, SUNE, AA, ATI, CIEN, GLNG, GLW, GOGO, JASO, VSLR, AKAM, INTC, TSLA,

Bull Flag:  

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support: TLT,

C- Pattern: 

Moves

New Highs: 

H Breakout: JCP, MTW, GMCR, NTAP,  

D Breakout: BBRY,

Bull Flag Bounce:

MACD Divergence Bounce:

Bounce:

Gap Up: TWTR,

Gap Down:  

C- Pattern:                                                          

Bear Flag:  

Support Break: W,

______________________

Watch List Stocks

Leading stocks > +2% on Monday: VXX, AXTA, RUN, FIT, VJET, TWTR, BBRY, VSLR, OCN, BBY, SSYS, XONE

                                                       

Lagging stocks < -2.0% included: W, NTES, YOKU, BABA, CTRP, BX, SVXY, ETSY, GPRO, SONC, FAS, CYBR, RPD, LVS, X, PANW, SFUN, LOCO, DAVE, JUNO, HABT, FEYE, YY, VIAV, RAX, KWEB, SWI, CIEN,

18 of 100 NDX stocks closed higher on Monday.

Leading NDX 100 stocks included: GMCR, SNDK, SPLS, MU, STX, NTAP, MAT, AAL, WDC, VIP

Lagging NDX stocks included: VRTX, CELG, REGN, WYNN, ALXN, JD, BIDU, BMRN, KHC YHOO

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

INTC, SPLS

Moving Below 30 DMA = 6

AMZN, LLTC, PCLN, VRTX, LMCA, NFLX

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral

Stock Futures Drop Before Opening...Concerns Include China Economy And Possible Rate-Hikes With The FED...TWTR Upgraded...Trending Higher...INTC Upgraded...

BMO – ES – 19.75…and NQ – 36.25…stock futures point to a LOWER open…

SPY is …down 1.26…

XLF is …down .13…

Euro is up 52 pips…

TLT is …up 1.02…

Quoting Up: SUNE, SEDG, JCP, CTRP, PYPL, VXX, SHAK, TLT, SPLS, ROST, DLTR, SRCL, COST, CHTR

Quoting Down: LVS, UNG, FAS, HOG, TBT, SCTY, GPRO, BABA, SVXY, LMCA, WYNN, NFLX, NXPI, BIIB, AVGO, CMCSA, REGN

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Small Caps Rally...SPY, DIA, QQQ, IWM Up for the Week...

Five of nine sectors moved higher on Friday… XLE, XLB and XLK were the strongest sectors and XLV was the weakest.

Breadth weakened as advancers led decliners 1.92 to 1 on the NYSE and 1.90 to 1 on the NASDAQ.

Friday – weakened, advancers led

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

SPY up 0.01 at 199.28 on 160.4 million shares

VIX down .05 at 26.05…

TNX up .18 at 21.86…

TLT up .36 at 122.36…

XLF down .11 at 23.63…32.7 million shares

AAPL up .37 at 113.29 on 53.1 million shares

FB up 1.28 at 91.01 on 33.2 million shares

Technical Commentary:

IWM +0.99%, SPY +0.01%, QQQ -0.02%, DIA -0.07%

The SPX rallied for the third straight day on Friday following Monday’s selloff and Tuesday’s volatile trading range above support.  After the break of Monday’s high or short-term resistance on Thursday, momentum slowed dramatically on Friday which is typical after a horizontal breakout.  We look for a high probability pullback test of the breakout of Monday’s highs. 

While VIX dropped below 30 an important move for the re-establishment of market stability, it remained above 25.  If volatility stays above 25 we look for the SPX to remain volatile between support and resistance.

SPY, DIA, QQQ and IWM all closed higher than last Friday’s close while forming piercing line patterns for the week.  QQQ closed near the mid-section of the prior weekly candle while SPY and IWM made just a small pierce.

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 =...200.00

QQQ = 106.47…

IWM = 116.66, 117.50…

Support Levels

SPY = 196.03, 194.95...

QQQ = 100.49, 99.29…

IWM = 114.76, 111.79...

The SPX Market Forecast is turned up at 25.

__________________

Setups

Horizontal Breakout: AMBA, JCP, NKE, RCL, SCTY, SINA, SWKS, TASR, UBNT, INTC, JD, LRCX, MAR, STX,

Diagonal Breakout: P, RPD, VRSN, NFLX, PCLN, SBUX, TSLA,

Bull Flag: TBT, W,

Potential Bullish Divergence: FIT 

Bear Flag: AIG, AXTA, BABA, BAC, BX, C, CCL, CYBR, ETFC, EXPE, FAS, IWM, LVS, MS, NTES, PANW, QIHU, QQQ, SCHW, SHAK, SHOP, SLCA, SPLK, SPY, STI, SUNE, SUM, TPX, YOKU, ZION, BIDU, CELG, CMCSA, EA, ESRX, GILD, MNST, MU, SNDK, WFM, YHOO

Moves

H Breakout: RUN, UA, AAPL, AVGO, BRCM

Bull Flag Bounce: GLD

Gap Down: GME, ADSK

______________________

Watch List Stocks

Leading stocks > +2% on Friday: UAL, AMBA, JCP, VXX, SCTY, ETSY, P, QIHU

                                                       

Lagging stocks < -2.0% included: GME, FIT, NTES, SPLK

53 of 100 NDX stocks closed higher on Friday.

Leading NDX 100 stocks included: ATVI, VIAB, CERN, INTC, TSLA, AKAM, TXN, MU, BMRN, MAT

Lagging NDX stocks included: ADSK, MYL, TSCO, YHOO, CTXS, SWKS, GOOGL, JD, SNDK, AAL

NDX Stocks Above 30 DMA

EXPD, ATVI, NVDA, AMZN, AVGO, BRCM, MAT, NFLX, NTAP, SRCL, STX, VRTX, WDC, XLNX

NDX Stocks to Watch on Monday

Moving Above 30 DMA = 4

INTC, LLTC, LMCA, PCLN

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

Stock Futures Turn Down Before The Open...After Volatile Week For Investors...

BMO – ES – 15.75…and NQ – 31.00…stock futures point to a LOWER open…

SPY is …down .91…

XLF is …down .14…

Euro is unchanged…

TLT is …up 1.25…

Quoting Up: YOKU, SPLK, VXX, SEDG, TLT, ATVI, MU, SYMC, CHKP, MYL,

Quoting Down: SVXY, GME, TASR, TBT, FAS, SONC, LVS, QIHU, SWKS, ADSK, BMRN, TSLA, MDLZ, NXPI, BIDU, PCLN, NFLX,

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Stocks Continue Rebound Ending Sharply Higher...NASDAQ +115 Points...DJIA + 369 Points...Oil Reverses To Notch Largest 1 Day Rise Since 2009...FB Made History This Week Logging One BILLION People On Monday...

All nine sectors moved higher on Thursday… XLE was the strongest sector at 4.95% and XLU was the weakest at 1.17%.

Breadth strengthened as advancers led decliners 8.61 to 1 on the NYSE and 3.45 to 1 on the NASDAQ.

Thursday – strengthened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, decliners led

SPY up 2.47 at 199.27 on 273.8 million shares…almost double average volume

VIX down 4.22 at 26.10…

TNX down .04 at 21.68…

TLT up .07 at 122.00…

XLF up .57 at 23.74…77.9 million shares, double average volume

AAPL up 3.23 at 112.92 on 83.8 million shares, above average volume

FB up 2.54 at 89.73 on 42.3 million shares

Technical Commentary:

QQQ +2.53%, SPY +2.47%, DIA +2.33%, IWM +1.79%.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

 The SPX Market Forecast is turned up at 16.

__________________

Setups

Horizontal Breakout: GME, UBNT, CREE, JD, SWKS,

Diagonal Breakout: AMBA, AXTA, NCLH, NKE, PANW, RCL, SCTY, SWKS, CIEN, DDD, LNKD, SPWR, TWTR, YELP, AAPL, AMZN, ILMN, MAR, SBUX, TRIP,

Bull Flag:   

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs:  

H Breakout: RUN, ANGI, BBY, UPL, BRCM, NTAP,

D Breakout: CTRP, SINA, TASR, V, ATI, LRCX, WFM,

Bull Flag Bounce:

MACD Divergence Bounce: ETSY, JCP,

Bounce: NTES, PYPL, QIHU, SOHU, X, BBRY, CAR, GLNG, MTW, SCSS, VJET, MU, WYNN,

Gap Up: BX, ETFC, FAS, HOG, LVS, SLCA, STI, UA, YOKU, ZION, AA, EMC, GLW, JASO, MFRM, UPL, YNDX, YY, AMZN, AVGO, BIDU, BRCM, EBAY, NFLX, TSLA, WBA, WDC,

Gap Down:   

C- Pattern:                                                          

Bear Flag:  

Support Break:  

______________________

Watch List Stocks

Leading stocks > +4% on Thursday: X, ETSY, SUNE, CTRP, NTES, SINA, SLCA, SOHU, FAS, SCTY, SEDG, JCP, YOKU, QIHU, SHAK, TASR, UA, ETFC, SUM, TSL, LVS, SPLK, PYPL, STI, SWKS

                                                       

Lagging stocks < -2.0% included: FIT, W, RPD, SVXY

98 of 100 NDX stocks closed higher on Thursday.

Leading NDX 100 stocks included: MU, AVGO, TSLA, NFLX, BIDU, SNDK, JD, WYNN, MAT, LBTYA

Lagging NDX stocks included: DLTR, CERN

NDX Stocks to Watch on Thursday

Moving Above 30 DMA = 11

AMZN, AVGO, BRCM, MAT, NTAP, SRCL, STX, VRTX, XLNX, WDC, NFLX

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral/Up

Stock Futures Set To Open Higher As GDP Revised Report Shows A Stronger US Economy...Dollar Reacts...Gains...US Jobless Claims Falls 6K To 271K...AMZN Upgraded...

BMO – ES + 23.00…and NQ + 56.00…stock futures point to a HIGHER open…

SPX green line could turn positive today…

SPY is …up 2.16…

XLF is …up .30…

Euro is down 71 pips…

TLT is …down .18…

Quoting Up: SCTY, QIHU, AMBA, TSL, GPRO, FAS, SINA, SOHU, PYPL, ROST, BIDU, JD, PCAR, TSLA, NFLX, YHOO, SWKS, AVGO, NXPI, AMZN

Quoting Down: VXX, GLD,

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Second Attempt At A Rally Brings Results...S&P 500 And DJIA Notch Biggest Percentage Gain In 4 Years...Since Nov 2011...DJIA Gains 600+ Points To Have Its 3rd Largest Gain Ever...99 Out of 100 NDX Stocks Close With Gains...Dollar Has Second Straight Day Of Gains Against EURO...

All nine sectors moved higher on Wednesday… XLY was the strongest sector at 5.04% and XLU was the weakest at 1.78%.

Breadth strengthened as advancers led decliners 3.84 to 1 on the NYSE and 2.99 to 1 on the NASDAQ.

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, decliners led

Thursday – weakened, decliners led

SPY up 7.19 at 194.46 on 339.1 million shares…above average volume

VIX down 5.70 at 30.32…

TNX up .39 at 21.72…

TLT down 2.40 at 121.93…

XLF up .84 at 23.17…118.6 million shares, triple average volume

AAPL up 5.95 at 109.69 on 96.7 million shares, above average volume

FB up 4.19 at 87.19 on 45 million shares, above average volume

Technical Commentary:

QQQ +4.94%, IWM + 2.54%, SPY +3.84%, DIA +3.94%.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX Market Forecast is turned down at 7.

__________________

Setups

Horizontal Breakout: RCL, UBNT, ANGI,

Diagonal Breakout: BABA, FIT, PANW, SONC, SWKS, TASR, YOKU, SWKS,

Bull Flag:   

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs:  

H Breakout: BBY, DGLY,  

D Breakout: TBT,

Bull Flag Bounce:

MACD Divergence Bounce:  

Bounce: SPY, IWM, QQQ, AIG, BAC, C, CRM, CYBR, DAL, EXPE, FAS, HOG, MS, NCLH, NKE, P, SHAK, SLCA, SPLK, STI, SVXY, TPX, V, VRSN, ZION, ASNA, CIEN, EMC, GLNG, GLW, HPQ, IBM, KKD, LNDK, MFRM, MTW, OCN, RAX, UAL, AKAM, AMZN, AVGO, BRCM, CELG, CMCSA, COST, EA, EBAY, ESRX, GOOGL, INTC, MAR, MNST, MSFT, MYL, NTAP, QCOM, ROST, SNDK, STX, TXN, WBA, WDC, XLNX,

Gap Up:  

Gap Down: GLD,  

C- Pattern:                                                          

Bear Flag:  

Support Break:  

______________________

Watch List Stocks

Leading stocks > +4% on Wednesday: FAS, SVXY, RUN, CYBR, RPD, SWKS, EXPE, SHAK, SLCA, PANW, BX, DAL, V BAC, CRM, NKE, QQQ, MS, C, SUNE, TASR, ETFC, YOKU, RCL, AIG, ZION, FIT, UA, TBT

                                                       

Lagging stocks < -2.0% included: VXX, QIHU,

99 of 100 NDX stocks closed higher on Wednesday.

Leading NDX 100 stocks included: NFLX, GOOG, ADI, NVDA, AMZN, VRTX, SNDK, REGN, AVGO, SWKS

Lagging NDX stocks included:

NDX Stocks to Watch on Wednesday

Moving Above 30 DMA = 2

ATVI, NVDA

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral

Stock Futures Try For Second Attempt At Rally Before The Open...Futures Up...Upgrades For GOOG...NKE...Dollar Gains...EURO Falls...

BMO – ES + 46.00…and NQ + 110.75…stock futures point to a HIGHER open…

SPY is …up 5.25…

XLF is …up .57…

Euro is down 142 pips…

TLT is …down .92…

Quoting Up: NFLX, GOOG, ILMN, NXPI, ATVI, SWKS, AMZN, FB, ADSK, AMGN, SVXY, FAS, BX, SCTY, X, TASR, CYBR, SINA, SCHW, RCL

Quoting Down: VXX, SEDG, CTRP, GLD, TLT, NTES, KHC, CERN, VRTX,

Follow your rules entry and exit…and always remember to adjust stops to protect profits also according to your rules…

Stocks Have Early Rally...Just To Fizzle In Late-Day Selloffs...But Most All Stocks Hold Support...DJIA Down Over 200+ Points...But BBY Has Stellar Day After Reported Earnings Closing Up 12.57%...

All nine sectors moved lower on Tuesday again…with XLY being the strongest at -0.43% and XLU being the weakest at -3.09%.

Breadth weakened as decliners led advancers 1.25 to 1 on the NYSE and 1.07 to 1 on the NASDAQ.

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – weakened, decliners led

Thursday – weakened, decliners led

Wednesday – weakened, decliners led

SPY down 2.32 at 187.23 on 365.8…triple average volume

VIX down 4.72 at 36.02…

TNX up 1.36 at 21.33…

TLT down 2.03 at 124.33…

XLF down .38 at 22.27…

AAPL up .62 at 103.74 on 102.3 million shares, above average volume

FB up .91 at 83.00 on 51.4 million shares, above average volume

Technical Commentary:

SPY -1.22%, DIA -1.19%, IWM -0.81%, QQQ -0.38%.

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX Market Forecast is turned down at 14.

__________________

Setups

Horizontal Breakout:  

Diagonal Breakout:

Bull Flag:   

Potential Bullish Divergence:  

Gap Up: 

Gap Down: 

Bear Flag:

At Support:  

C- Pattern: 

Moves

New Highs:  

H Breakout:  

D Breakout:

Bull Flag Bounce:

MACD Divergence Bounce:  

Bounce: QQQ, AIG, AMBA, AXTA, BABA, BX, C, CYBR, DAL, EXPE, FIT, FSLR, GME, GPRO, LVS, MBLY, MS, NCLH, NKE, P, PANW, PYPL, RCL, SCTY, SEDG, SHAK, SHOP, SINA, SOHU, SONC, SPLK, SWKS, TASR, TPX, TSL, UA, UBNT, CSIQ, DGLY, FEYE, JASO, JUNO, KWEB, LC, LOCO, SPWR, TAN, YY, AAL, AAPL, ADBE, AMZN, BRCM, CELG, COST, EA, EBAY, FB, GILD, INTC, JD, MNST, NFLX,

Gap Up: CCL, CTRP, NTES, QIHU, V, VRSN, W, BBY, ESI, SBUX, SWKS, YHOO,

Gap Down: TLT,  

C- Pattern:                                                          

Bear Flag:  

Support Break:  

______________________

Watch List Stocks

Leading stocks > +2% on Tuesday: TSL, VXX, RUN, UBNT, CTRP, NTES, QIHU, TASR, BABA, SINA, SEDG, W, TBT, PANW, GME, MBLY

                                                       

Lagging stocks < -2.0% included: SUNE, SVXY, FAS, X, CYBR, PYPL, LVS, SCHW, SLCA, V

31 of 100 NDX stocks closed higher on Tuesday and one was unchanged.

Leading NDX 100 stocks included: NFLX, JD, CHKP, NXPI, GILD, EXPD, VRTX, SBUX, VIP, YHOO

Lagging NDX stocks included: INTU, ADP, SNDK, TXN, BIDU, MSFT, STX, NTAP, LLTC, QCOM

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 1

EXPE

Moving Below 30 DMA = 0

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Down