SPX End Lower...Energy Stocks Finish Weaker...Making New Highs Today MSFT. FB, RCL, VRSN, PCLN, & SBUX...

Two sectors moved higher on Monday…XLY, XLV and XLP were the strongest sectors while XLE was the weakest sector.

Breadth weakened on the NYSE as decliners led advancers 1.65 to 1 on the NYSE and 1.61 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened on the NYSE, advancers led

Thursday – strengthened, advancers led

Wednesday – weakened, decliners led

Tuesday – strengthened, mixed

SPY down .51 at 207 on 68.4 million shares

VIX up .83 at 15.29…

TNX up .25 at 20.58…

TLT down .82 at 124.02…on 5.8 million shares

XLF down .10 at 24.04…on 19.8 million shares

AAPL down 3.80 at 115.28 on 66.2 million shares

FB up 1.58 at 103.77 on 25.9 million shares

Technical Commentary:

QQQ +0.06%, DIA -0.20%, SPY -0.25%, IWM -0.68%.

QQQ/NDX end slightly higher on strength in MSFT, AMZN, FB, GOOG, PCLN, BIDU, AMGN, CELG, GILD, REGN, TSLA and SBUX.  FB new all-time closing high at 103.77.

AAPL moves lower and drags down semis on Monday, reports EPS after the close on Tuesday.  FOMC starts two-day meeting on Tuesday, announcement on Wednesday at 2 pm ET.

The SPX Market Forecast is at 95.

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

Earnings this Week:

Monday – BRCM, CHKP, GLW, MGM, PBR, SOHU, SWI

Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, NCLH, PCAR, TWTR, SLCA, UHS, VDSI, VRSK, YNDX, MRK, PFE, CMCSA, ESRX,

Wednesday – AMGN, AXTA, BWLD, CAVM, GRMN, GD, GPRO, MCHP, NXPI, ORLY, PYPL, VLO, VLKAY, YELP, MAR, CRUS,

Thursday – AET, ALXN, MO, BIDU, CME, DB, EA, EXPE, FSLR, GT, LC, LNKD, MA, SCTY, TPX, VA, WWE

Friday – ABBV, CBOE, CVX, CVS, XOM, MYL, PSX

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Setups

Horizontal Breakout: QQQ, BAC, BX, C, CCL, CRM, ETFC, JUNO, MPEL, NCLH, NTES, SCHW, SFUN, ULTA, CAR, SPWR, TWTR, UAL, CMCSA, EA, LRCX, MAR, YHOO,

Diagonal Breakout: IWM, JBLU, LVS, VXX, ZION, BBRY, CREE, GLUU, LITE, RAX, SHAK, MYL,

Bull Flag: GME, TSL, W, KNDI

At Support: CRUS, DDD, SCSS, WDC, WFM

Moves

New Highs: RCL, VRSN, FB, MSFT, PCLN, SBUX,

H Breakout: CIEN, SOHU, SONC, YNDX, GILD,

D Breakout: PLAY, AKAM, CELG

MACD Divergence Bounce: UA, FEYE, TSLA,  

Bounce: CYBR, EXPE, TPX, FL, YELP, GOOGL, NFLX,

Gap Up: CSIQ, CTRP, TASR, ADSK, BIDU,  

Gap Down: UNG, NTAP

Support Break: AA, HPQ, DGLY, UPL,

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52 of 100 NDX stocks closed higher on Monday.

  

80 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 2

BRCM, MU

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral