Two of nine sectors moved higher
on Monday…XLY, XLU and XLF were the strongest sectors while XLE was the weakest sector.
Breadth
weakened as decliners
led advancers 1.58 to 1 on the NYSE and 1.67 to 1 on the NASDAQ.
Monday –
weakened, decliners led
Friday
– Christmas Holiday
Thursday-
weakened, advancers led
Wednesday
– strengthened, advancers led
Tuesday – strengthened,
advancers led
SPY down .47 at
205.21 on 65.7 million shares
VIX
up 1.17 at 16.91…
TNX down .18 at 22.25…
TLT up .36 at 122.19…on 7.5 million shares
XLF down .02 at 23.99…on
13.5 million shares
AAPL down
1.21 at 106.82 on 26.6 million shares
FB up .91 at 105.93 on 13 million
shares
Technical Commentary:
IWM -0.46%, SPY -0.23%, DIA
-0.14%, QQQ -0.05%.
Oil moved
down -1.43 on Monday
leading energy sector stocks lower including: CNX, CHK, MRO, ESV, KMI, RIG, HP, DO, BHI, MUR, EOG, NBL, HES, DVN,
APC, COP, PXD, COG, XEC, HAL and NFX.
AMZN and GOOGL rallied on Monday as did CSRA, NDAQ, NWL, DIS, PSA and ORLY.
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
49.
Short-term Chart Targets:
SPY =...207.25…
QQQ = 112.69, 114.13…
IWM = 114.94, 115.56…
Support Levels
SPY
= 201.55
QQQ
= 111.05
IWM
= 111.44
__________________
Setups
Horizontal Breakout: STX, GOOGL,
AMZN, MYL, PAY, RCL, W, AMZN, ALB, CREE, CYBR, DPS, INTC, KR, L, LULU, LVS, MAT,
NDAQ, DAL
Diagonal Breakout: FAS, LNKD,
SCHW, SVXY, VRSN, CMCSA, AVGO, NXPI, ETFC
Bull Flag: SPY, PYPL, AA, ATVI,
CCL, FINL, SCTY, GOGO, JASO, KWEB, RUN, SEDG, SOHU, JD, LRCX, BXLT, CA, DRI,
EL, FIVE
Potential Bullish Divergence:
UPS, NFLX
At Support: JUNO, MFRM
Moves
New Highs:
H Breakout: CSRA, ANET
Bull Flag Bounce: AMZN, NDAQ,
PSA, APLE
MACD Divergence Bounce: NKE, DIS,
Bounce: W, AMZN, FB
Gap Down: IWM, AA, BABA, SLCA, YNDX,
AAPL, YHOO
Support Break: PANW, BIDU,
______________________
31 of 100 NDX stocks closed higher
on Monday.
55 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving
Above 30 DMA
= 4
AMZN, FB, INTU, SBAC
Moving Below 30 DMA = 4
COST, PCAR,
SIRI, VRTX
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Up
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