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.

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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:  

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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