Six sectors moved
higher on Monday…XLY, XLP, XLK were the strongest
sectors while XLE was the weakest sector.
Breadth weakened as decliners led advancers 1.15 to 1 on the NYSE and 1.00 to 1 on the NASDAQ.
Monday – weakened, mixed
Friday – weakened, mixed
Thursday – strengthened, advancers
led
Wednesday – strengthened, advancers
led
Tuesday – weakened, decliners led
SPY up .10 at 203.37 on 76.4 million shares
VIX down .07 at 14.98…
TNX up .05 at 20.28…
TLT down .34 at 123.59…on
6.2 million shares
XLF down .02 at 23.53…on
26.5 million shares
AAPL up .69 at 111.73 on 29.7
million shares
FB up .93 at 98.47 on 23.7 million
shares
Technical Commentary:
SPY +0.05%, IWM + 0.14%, QQQ +0.57%, DIA
+0.57%
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Earnings next Week:
Monday – BRCM, HAL, HAS, HA, IBM,
MS, STLD, UTX, ZION
Tuesday – ATI, CMG, HOG, IBKR,
ISRG, LMT, MANH, NXPI, RF, TRV, VZ,
VMW, YHOO
Wednesday – ABT, AXP, BHI, BA, CA, CTXS, KO, EBAY, GM, LVS, OSTK, SNDK, TXN, TSCO,
Thursday – MMM, ALK, AMZN, T, ETFC, FCX, GIMO, JNPR, LLY, NDAQ, NUE, SIRI, SKX, LUV, SWK, UA, UAL, VRSN,
Friday – AAL, RCL, STT, WHR
Short-term Chart Targets:
SPY =...204.15, 205.38…
QQQ = 108.46, 109.03…
IWM = 116.30, 118.55…
Support Levels
SPY = 201.92, 198.94...
QQQ = 105.49…
IWM = 112.66...
The SPX Market Forecast is pointed up at 93.
__________________
Setups
Horizontal Breakout: QQQ, BAC, C, CCL, CIEN, CRUS, CTRP, DAL, FAS,
HOG, JCP, PYPL, ANGI, AXTA, LNKD, OCN, SPLK, TWTR, AAPL, CMCSA, COST, GOOGL, INTC
(long term), ROST, WFM,
Diagonal Breakout: IWM, ETFC,
FIT, SWKS, GIMO, KKD, CELG, MYL, SWKS,
Bull Flag: FSLR, JBL,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs: EXPE, NKE, V, AMZN, FB, PCLN, SBUX,
H Breakout: GME, QIHU,
RCL, SVXY, W, KNDI, BIDU, MSFT,
D Breakout: FL, GPRO, ULTA, WBA,
Bull Flag Bounce:
MACD Divergence Bounce:
Bounce: BBY, HPQ, JBLU, SFUN, TPX, VRSN, CREE, ESI, RAX, UAL, GMCR, MU,
NFLX,
Gap Up:
Gap Down: MS,
C- Pattern:
Bear Flag:
Support Break:
______________________
Watch List Stocks
Leading stocks > +2% on Monday: SVXY, W, GPRO, SFUN, QIHU, EXPE, JBLU,
DAL, RCL, NKE, SEGE
Lagging stocks < -2.0% included:
VXX,
SCTY, UBNT, MPEL, RUN, MS, LVS, X, VSLR, PLAY, PANW, SWKS
63 of 100
NDX stocks closed higher on Monday and two
were unchanged.
Leading NDX 100 stocks included: GMCR, MU, PCLN, SNDK, NFLX, BIDU, ISRG, TSCO,
REGN, SBUX
Lagging NDX stocks included: WYNN, MAT, VIP, SWKS, STX, ILMN, AVGO, VIAB,
CA, BMRN
NDX Stocks to Watch on
Monday:
Moving Above 30 DMA = 2
ALXN, TSCO
Moving Below 30 DMA = 1
BRCM
6-month Intermediate
Term Market Trend: Down
3-day Short Term Market
Trend: Up
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