Eight sectors moved
higher on Monday…the strongest sectors were XLE, XLB and XLI…the weakest sector was XLU.
Breadth strengthened as advancers led
decliners 3.18 to 1 on the NYSE and
2.26 to 1 on
the NASDAQ.
Monday – strengthened, advancers led
Friday – strengthened,
decliners led
Thursday – weakened,
decliners led
Wednesday –
strengthened, mixed
Tuesday – strengthened,
decliners led
SPY up 2.62 at 210.57 on 80.2 million shares
VIX down 1.16 at 12.23…
TNX up .63 at 22.38…
TLT down 1.54 at 122.80…
XLF up .24 at 25.44…
AAPL up 4.20 at 119.72 on 54.9
million shares
FB down .15 at 94.15 on 21.5 million
shares
Technical Commentary:
QQQ +1.26%, IWM +1.38%, DIA +2.35%, SPY
+2.62%.
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
10
VSLR, CYBR, CREE, FOGO, JASO, RAX, XONE, BABA, JUNO, JCP, SINA,
VJET, YY, W, NTES
Q1 Earnings Reaction
Positive Reactions – CAR, CTRP, HLF, KBR, MGM, MNST, NUS,
NVDA, PCLN, VMC, ZU, 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% - FSLR, HLF, NUS, NVDA, ZU, EXPE, CCE, MOH, YRCW,
WAGE, COLM, SHOP, SKX, X, SSYS, BWLD, SVU, P, FTNT, SNDK, GOOG, GOOGL, HTZ,
NFLX
Negative Reactions – AIG, ALL, AXTA, DIS, ETSY, GMCR,
GOGO, HABT, NCLH, JD, SEDG, TSLA, UBNT, Z, 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% - ALL, ETSY, FIT, GMCR, HABT, SEDG, SUNE, 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 53.
__________________
Setups
Horizontal Breakout: FSLR,
GPRO, LVS, MFRM, SHAK, SUM, VRSN, ATI, CREE, EBAY, WYNN,
Diagonal Breakout: BAC,
C, ETFC, GME, QIHU, TSL, GLW, IBM, KWEB, AAPL,
Bull Flag: EXPE, PCLN, SBUX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: SCTY, SEDG,
C- Pattern:
Moves
New Highs: RCL,
H Breakout: CYBR, P, YOKU,
JASO,
D Breakout: AMBA, HOG (long term), SLCA, DDD, UPL, AVGO, SWKS,
Bull Flag Bounce: SPY,
BABA, CTRP, GILD,
MACD Divergence Bounce:
IWM, AA, FOGO, GIMO, GOGO, KKD,
Bounce: AXTA, BX, CRM, ETSY, MBLY, NKE, SPLK, SPWR, TASR, TWTR, ZION, ANGI,
BBY, CAR, GLNG, HPQ, MTW, OCN, YNDX, GRMN, INTC, LRCX, MSFT, NTAP, ROST, SNDK,
STX,
Gap Up: SPY, QQQ, AIG,
CYBR, FAS, SVXY, SWKS, SCSS, VJET, ADBE, ADSK, BRCM, CELG, MAR, TXN,
Gap Down: JD, VXX,
C- Pattern:
Bear Flag:
Support Break:
______________________
Watch List Stocks
Leading stocks > +2% on Monday: YOKU, SLCA, TWTR, ETSY, RPD, CYBR,
SINA, P, X, UBNT, W, SUNE, SPWR, SVXY, CSIQ, BS, SOHU, SWKS, FAS, SUM, HOG,
AMBA, CTRP, TSL, FSLR, GPRO, ZION, SPLK, TASR, FEYE, MBLY, BABA, ETFC
Lagging stocks < -2.0% included: JD, VXX, SEDG, SCTY
87 of 100
NDX stocks closed higher on Monday.
Leading NDX 100 stocks included: VIP, AVGO, AMAT, AAPL, TXN, NVDA, KLAC, VIAB,
LRCX, STX
Lagging NDX stocks included: JD, MNST, SBUX, AMGN, WFM, CERN, TSLA, INTU,
NFLX, GOOG
NDX Stocks to Watch on
Tuesday
Moving Above 30 DMA = 10
ADP, GILD, INTC, KLAC, LLTC, MU, NTAP, ADI, DISH, TSCO
Moving Below 30 DMA = 0
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Neutral
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