Stocks End Lower...As Oil Slides...AAPL Breaks Support...MNST Makes New High...

Breadth weakened as decliners led advancers 1.53 to 1 on the NYSE and 1.72 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, advancers led

Wednesday – unchanged, advancers led

Tuesday – strengthened, advancers led

SPY down .77 at 209.73 on 113.1 million shares

VIX up .44 at 12.56…

TNX down .55 at 21.50…

TLT up 1.02 at 123.55…

XLF down .03 at 25.18…

AAPL down 2.86 at 118.44 on 69.5 million shares

FB up .13 at 94.14 on 29.2 million shares

Technical Commentary:

IWM -0.53%, DIA -0.53%, SPY -0.34%, QQQ -0.31%.

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 Aug 3

SUM, AXTA, FSLR, LC, ETSY, FIT, HABT, NCLH, PCLN, SEDG, TSLA, GOGO, MBLY, MNST, MYL, SUNE, UBNT, JCP, JD,

Q1 Earnings Reaction

Positive Reactions – EXPE, CCE, MOH, YRCW, WAGE, COLM, RCL, WETF, TPX, WU, AEE, FE, PKI, TUC, AMGN, VLO, UHS, WDC, AEL, ALGT, EEFT, GILD, JBLU, SHOP, SKX, X, SSNC, BWLD, PODD, SVU, NUVA, SCTY, ULTI, WYNN, CTRP, FISV, SLCA, SPWR,  NCLH, AMZN, P, MXIM, JNPR, V, SBUX, LUV, QLIK, 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% - EXPE, CCE, MOH, YRCW, WAGE, COLM, SHOP, SKX, X, SSYS, BWLD, SVU, P, FTNT, SNDK, GOOG, GOOGL, HTZ, NFLX,

Negative Reactions – LNKD, FEYE, OCN, ESI, FB, MAR, SSYS, TWTR, YNDX, YELP, BIDU, 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% - LNKD, OCN, ESI, WFM, TWTR, YELP, BIDU, 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 = 211.45, 212.55...

QQQ = 113.17, 114.39…

IWM = 123.71, 125.09…

Support Levels

SPY = 210.82, 206.80...

QQQ = 110.62, 109.78…

IWM = 121.01, 120.27...

The SPX Market Forecast is turned up at 65.

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Setups

Horizontal Breakout: AIG, MFRM, SOHU, SVXY, GILD, NFLX, ROST, SBUX,

Diagonal Breakout: HABT, QCOM,

Bull Flag: AMBA, SCTY, V, UAL, VRSN, EBAY,

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: GIMO, GME, HPQ, IBM, JCP, SINA, SWKS, UBNT, YOKU, Z, AA, ATI, GLW, SFUN, TAN, BRCM, YHOO,

C- Pattern: 

Moves

New Highs: EXPE, MNST,

H Breakout: SONC,

D Breakout:

Bull Flag Bounce:  

MACD Divergence Bounce:

Bounce: LNKD, AAL,  

Gap Up: DAL, ADSK,  

Gap Down: EMC, BIDU,

C- Pattern:                                                          

Bear Flag:

Support Break: MS, DGLY, ESI, JDSU, YNDX, AAPL,

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Watch List Stocks

Leading stocks > +2% on Monday: DAL, FIT 

                                                       

Lagging stocks < -2.0% included: CSIQ, TASR, Z, TWTR, JUNO, UBNT, SINA, CYBR, SWKS, FEYE, GIMO, AMBA, IBM, CCL

45 of 100 NDX stocks closed higher on Monday and one was unchanged.

Leading NDX 100 stocks included: ADSK, AAL, MU, PAYX, BIIB, NVDA, STX, DISH, GILD, MNST

Lagging NDX stocks included: SPLS, VIP, MAT, WFM, AAPL, WYNN, TSLA, BIDU, NFLX, VIAB

NDX Stocks to Watch on Tuesday

Moving Above 30 DMA = 4

ADSK, NVDA, PAYX, AAL

Moving Below 30 DMA = 5

ADBE, CHKP, PCAR, WYNN, TSCO

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral/Up