Stocks Rebound...DJIA Turns Positive For 2015...Bull Flag Bounces & Horizontal Breakouts Lead The Technical Indicators...

All sectors moved higher on Monday…XLE, XLV and XLF were the strongest sectors while XLU was the weakest sector. 

Breadth strengthened on the NYSE as advancers led decliners 4.48 to 1 on the NYSE and 3.50 to 1 on the NASDAQ.

Monday – strengthened, advancers led

Friday – mixed, mixed

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

Tuesday – weakened, decliners led

SPY up 2.46 at 210.39 on 86.2 million shares

VIX down .92 at 14.15…

TNX up .36 at 21.87…

TLT down .83 at 121.95…on 8.7 million shares

XLF up .33 at 24.41…on 59.7 million shares

AAPL up 1.68 at 121.18 on 32.1 million shares

FB up 1.34 at 103.31 on 23.9 million shares

Technical Commentary:

SPY +2.46%, IWM +2.08%, QQQ +1.13%, DIA +0.92%.

Short-term Chart Targets:

SPY =...209.59, 211.05…

QQQ = 114.11, 118.17…

IWM = 117.14, 118.55…

Support Levels

SPY = 205.79

QQQ = 112.27

IWM = 113.10

The SPX Market Forecast is at 96.

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, PBR, SOHU, SWI

Tuesday – AAPL, AKAM, BMY, DD, FISV, GILD, GRUB, JBLU, 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, MGM, SCTY, TPX, VA, WWE

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

Earnings next Week:

Monday – AIG, ZU

Tuesday – ATVI, AFSI, ADM, CBS, CHK, DVA, DISCA, EXPD, HLF, K, MBLY, NCLH, PZZA, PAYC, TASR, X, VMC

Wednesday – FB, CTSH, DDD, CDW, EPAM, ETSY, FEYE, HABT, LMCA, LVNTA, MRO, MSI, SHOP, SUNE,

Thursday – MNST, NVDA, TRIP, ACAD, APA, CYBR, DWA, GLOB, LBTYA

Friday – CI, HUM, VIP

__________________

Setups

Horizontal Breakout: BX, CIEN, CYBR, ETFC, FIT, JBL, NTES, PLAY, RCL, SCHW, SFUN, SINA, SVXY, FOGO, MFRM, UAL, ESRX, JD, NTAP, QCOM,  

Diagonal Breakout: BBY, JBLU, PANW, SUM, TASR, FL, TAN, NFLX,   

Bull Flag: VIAV, EA, XLNX,  

Potential Bullish Divergence: 

Gap Up: 

Gap Down:

Bear Flag:

At Support:   

C- Pattern: 

Moves

New Highs: QQQ, VRSN, GOOGL, PCLN,     

H Breakout: IWM, CRM, CSIQ, CTRP, LVS, MPEL, NKE, PYPL, SOHU, TPX, BBRY, RAX, SLCA, ADBE, ADSK,      

D Breakout: CRUS, X, LOCO, SHAK,      

Bull Flag Bounce: SPY, AIG, C, FAS, JNPR, JUNO, MS, QIHU, SONC, STI, W, GIMO, HABT, JASO, EBAY,  

MACD Divergence Bounce: SWKS,       

Bounce: AA, AMBA, UBNT, AXTA, DDD, FEYE, SSYS, TWTR, YELP, Z, AKAM, CELG, GMCR, ILMN, MYL, STX, TSLA, WBA, WDC, WFM,    

Gap Up: CAR, MU,       

Gap Down: V,      

C- Pattern:    

Bear Flag:  

Support Break: GLUU,  

______________________

78 of 100 NDX stocks closed higher on Monday and one was unchanged.

86 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 6

CHRW, GRMN, MU, PCAR, LBTYA, WBA

Moving Below 30 DMA = 1

MSNT

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral