Eight sectors moved
higher on Monday…XLF, XLK, XLY were the strongest
sectors while XLV was the weakest sector.
Breadth strengthened as
advancers led decliners 1.49 to 1 on the NYSE and 1.13 to 1 on the NASDAQ
where decliners led advancers.
Monday – mixed, mixed
Friday – weakened,
decliners led
Thursday – weakened, advancers led
Wednesday – mixed,
advancers led
Tuesday – strengthened,
advancers led
SPY up
1.01 at 196.46 on 105.2 million shares, below average volume
VIX down 2.14 at 20.14…
TNX up .84 at 22.14…
TLT down 1.99 at 120.11…on 10 million shares
XLF up .26 at 22.92…on
38.1 million shares
AAPL up 1.76 at 115.21 on 50.1
million shares
FB up 1.15 at 95.55 on 28.7 million
shares
Technical Commentary:
IWM -0.18%, QQQ +0.31%, SPY +0.52%, DIA
+0.83%.
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 =...199.84…
QQQ = 105.61, 106.93…
IWM = 115.70, 116.42…
Support Levels
SPY = 194.25, 192.59...
QQQ = 103.59, 100.63…
IWM = 113.66, 111.60...
The SPX Market Forecast is pointed up at 45.
__________________
Setups
Horizontal Breakout: CCL, DAL, NCLH, NKE, PANW, RPD, SINA, VRSN,
YOKU, SFUN, SWI, TWTR, XONE, YY, AAPL, FB, MNST, SBUX, TSLA,
Diagonal Breakout: CRM, MBLY,
UBNT, V, W, GOGO, KNDI, EBAY, GRMN,
Bull Flag: IWM, SPY, QQQ, BABA, BBY, BX, CTRP, EXPE, GME,
SWKS, TSL, UA, CAR, CSIQ, DGLY, UAL, VIAV, YNDX, AVGO, BRCM, GILD, JD, NTAP,
PCLN, ROST, TRIP, XLNX,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: AXTA, ATI, GLNG, WYNN,
C- Pattern:
Moves
New Highs: RCL,
H Breakout: ADSK,
AMZN,
D Breakout: PYPL, QIHU, RUN, YHOO,
Bull Flag Bounce:
MACD Divergence Bounce:
STX,
Bounce: ETFC, FAS, SCHW, SVXY, ZION, JASO, COST, MSFT, WBA,
Gap Up: CYBR,
Gap Down: GPRO,
C- Pattern:
Bear Flag:
Support Break: LVS, DAVE, HABT, LRCX,
______________________
Watch List Stocks
Leading stocks > +2% on Monday: RPD, SVXY, P, PYPL, CYBR, QIHU, ETSY,
FAS, YOKU, ETFC, SCHW, TSL, ASNA, JASO
Lagging stocks < -2.0% included: GPRO, VXX, FIT, AMBA, SEDG, BABA, SOHU, X,
AXTA, JUNO, HABT, GIMO, DAVE, UPL VJET, Z, YNDX, DDD,ATI, FEYE, LNKD, DGLY,
YELP, TWTR
62 of 100
NDX stocks closed higher on Monday and three
were unchanged.
Leading NDX 100 stocks included: ADBE, DISH, ADSK, DISCA, DLTR, VRSK, CHTR, MU,
CTSH, AAPL
Lagging NDX stocks included: BMRN, BIIB, VRTX, LRCS, ILMN, REGN, ALXN, MYL,
CELG, WYNN
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Down
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