Four sectors moved higher
on Monday…XLP, XLF and XLV were the strongest sectors while XLU was the weakest sector.
Breadth
strengthened
as advancers led decliners 1.93 to 1 on the NYSE and 1.58 to 1 on
the NASDAQ.
Monday –
strengthened, advancers led
Friday
– strengthened slightly, decliners led
Thursday-
weakened, decliners led
Wednesday
– strengthened, advancers led
Tuesday – strengthened,
advancers led
SPY up 1.65 at
201.67 on 98.8 million shares
VIX
down 2.00 at
18.70…
TNX down .02 at 21.97…
TLT down .03 at 123.20…on 7.4 million shares
XLF up .23 at 23.53…on
41.2 million shares
AAPL up
1.30 at 107.33 on 47.5 million shares
FB up .74 at 104.78 on 16.1 million
shares
Technical Commentary:
QQQ +1.22%, SPY +0.82%, IWM
+0.75%, DIA +0.73%.
Trade with the trend of the chart you are
trading and continue to move your profit protection stops. Continue
to follow your rules.
The SPX MFC green line is pointed up at
36.
Short-term Chart Targets:
SPY =...202.93…
QQQ = 111.88…
IWM = 112.89…
Support Levels
SPY
= 198.77
QQQ
= 109.05
IWM
= 110.28
__________________
Setups
Horizontal Breakout: AA, MPEL,
RCL, SEDG, TSL, ILMN, TSLA,
Diagonal Breakout: AIG,
BABA, GLW, NKE, ORLY,
Bull Flag: ADBE, AMZN, TRIP
At Support: JUNO, MFRM, NFLX
Moves
H Breakout: SPWR,
D Breakout: JASO, SPWR (long term),
Bull Flag Bounce: CRUS, CSIQ,
DAL, FSLR, AVGO, LRCX, MSFT, MYL,
MACD Divergence Bounce: AAPL, LLTC, SBUX, TXN, XLNX,
Bounce: IWM, QQQ, SPY, C, FAS, GOGO, MS,
QRVO, SVXY, V, ADSK, BIDU, COST, FB, GILD, MNST, NVDA, ROST, SWKS,
Gap Up: CCL
Support Break: ETFC, JNPR, TPX,
______________________
86 of 100 NDX stocks closed higher
and one was unchanged on Monday.
38 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving
Above 30 DMA
= 16
ADBE, AMAT, AMGN, CERN, ESRX, EXPE, GOOG, INTC, KLAC, LRCX,
MDLZ, MSFT, NCLH, NXPI, PYPL, WBA
Moving Below 30 DMA = 0
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Down/Neutral
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