Stocks Slip Moderately...Today's Trading Saw Narrow Trading Range...

All sectors moved lower on Tuesday…XLU, XLU, XLB were the strongest sectors while XLV was the weakest sector.

Breadth weakened as decliners led advancers 2.61 to 1 on the NYSE and 2.66 to 1 on the NASDAQ.

Monday – weakened, decliners led

Friday – weakened, advancers led

Thursday – weakened, advancers led

Wednesday – strengthened, advancers led

Tuesday – weakened, mixed

SPY down 1.34 at 200.18 on 81.1 million shares, below average volume

VIX up 1.50 at 17.67…

TNX down .35 at 20.55…

TLT up .21 at 123.42…on 6 million shares

XLF down .13 at 23.13…on 32.6 million shares

AAPL up .19 at 111.79 on 31.9 million shares

FB down .14 at 94.12 on 19 million shares

Technical Commentary:

IWM -1.37%, SPY -0.66%, QQQ -0.65%, DIA -0.31%.

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 =...197.68, 199.99…

QQQ = 105.61, 106.93…

IWM = 113.92…

Support Levels

SPY = 190.56, 189.12...

QQQ = 102.27, 101.34…

IWM = 106.99...

The SPX Market Forecast is pointed up at 92.

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Setups

Horizontal Breakout: EXPE, LVS, RCL, TSL, UA, V, YOKU, ANGI, BABA, DGLY, YNDX, AMZN, ESRX, FB, PCLN, ROST,

Diagonal Breakout: FIT, PYPL, SOHU, DAVE, BIDU, EA, WBA,

Bull Flag: SPY, AA, CYBR, LC, QIHU, SCTY, TASR, TPX, CAR, JASO, TWTR, Z, AKAM, COST, GMCR, INTC, MAR, MSFT, MU, NFLX, SNDK, WDC, WFM, XLNX,

Potential Bullish Divergence: 

Gap Up: 

Gap Down: 

Bear Flag:  

At Support: PANW,   

C- Pattern: 

Moves

New Highs: CRM,    

H Breakout: GOOGL,

D Breakout:

Bull Flag Bounce:     

MACD Divergence Bounce:  

Bounce: CTRP, PLAY, VXX, TSLA,

Gap Up:   

Gap Down: JBLU,

C- Pattern:    

Bear Flag:  

Support Break: ETSY,    

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Watch List Stocks

Leading stocks > +2% on Tuesday: VXX, SWI, PLAY, YNDX, XONE, SLCA

           

Lagging stocks < -2.0% included: JBLU, ETSY, SVXY, SEDG, SUM, JUNO, QIHU, SWKS, SFUN, TPX, SCTY, TASR, ESI, OCN, KNDI, UPL, CIEN, DDD, EMC, GLNG, SPLK, GLW, MFRM, GOGO

19 of 100 NDX stocks closed higher on Tuesday.

Leading NDX 100 stocks included: TSLA, BIDU, ADSK, ATVI, GOOG, MU, LBTYA, DLTR, CHTR, ESRX

Lagging NDX stocks included: JD, MNST, ALXN, AVGO, REGN, AMGN, BMRN, MYL, VRTX, NFLX

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 9

AKAM, AMAT, CELG, CHKP, MNST, ADI, REGN, TRIP, TSCO

6-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Neutral