All nine sectors moved higher
on Tuesday…XLI, XLP and XLB were the strongest sectors while XLU was the weakest sector.
Breadth
strengthened
as advancers led decliners 3.20 to 1 on the NYSE and 1.73 to 1 on
the NASDAQ.
Tuesday – strengthened, advancers led
Monday
– strengthened, advancers led
Friday
– strengthened slightly, decliners led
Thursday-
weakened, decliners led
Wednesday
– strengthened, advancers led
SPY up 1.83 at
203.50 on 110.9 million shares
VIX
down 2.10 at
16.60…
TNX up .42 at 22.39…
TLT down .89 at 122.31…on 5.4 million shares
XLF up .22 at 23.75…on
46.2 million shares
AAPL down
.10 at 107.23 on 32.7 million shares
FB up .74 at 105.51 on 14.5 million
shares
Technical Commentary:
DIA +1.02%IWM +0.92%, SPY
+0.91%, QQQ +0.66%.
Interest
rates rose and many financial stocks make made a MACD divergence bounce including FAS,
XLF, ETFC, BAC, C, MS and SCHW,
Oil rose 69
cents to 36.47. Gains in energy
stocks ESV, HP, OKE, DO, RIG, DVN and BHI were among the leaders in the SPX +17.82. Other SPX leaders included WFM, MOS, MAR, HOT, BXLT, MNK, URI, VIAB,
XRX, NUE, BBY, R, CF, F, URBN, GPS, XL, ADM, CVC, KSS and FCX.
The NDX +28.71 on gains in MSFT, INTC, AMGN, FB, CSCO,
YHOO, ADBE, MAR and CMCSA.
MU -0.88, -6.02% in
after-hours on after beating EPS estimate by .01, on lower revenues and lowered guidance.
FINL +9.79%, FL +4.12%
were
upgraded by BAC/Merrill Lynch and NKE and
SKX also rose on Tuesday.
Bull flag bounce entries today: VRX, MAT, KR, PG,
ADBE, DPS, FB, MYL, ROST
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 turned up at
36.
Short-term Chart Targets:
SPY =...205.43…
QQQ = 111.88, 112.69…
IWM = 114.94…
Support Levels
SPY
= 201.55
QQQ
= 111.05
IWM
= 111.44
__________________
Setups
Horizontal Breakout: ATVI, ILMN,
JD, LRCX, YHOO, AA, AIG, AMBA, BABA, DAL, GOGO, KWEB, MPEL, NKE, PLAY, QRVO,
RCL, SEDG, YELP,
Diagonal Breakout: CRM, NVDA,
PANW, TSL, VRSN,
Bull Flag: AMZN, EXPE, MSFT,
TRIP, SCTY, WUBA, FSLR, NTES, RUN, TERP, SUNE,
Potential Bullish Divergence:
LLTC, NFLX, TXN, LNKD, TPX, V, ZION
Gap Down: MU
C-
Pattern: YNDX
Moves
New Highs: CCL, SOHU, SONC, W,
H Breakout: SPWR
Bull Flag Bounce: PG, KR,
VRX, MAT, DPS, ADBE, FB, MYL, ROST,
MACD Divergence Bounce: FAS, ETFC, BAC, C, MS, SCHW, ADSK, BIDU,
EBAY, XLNX,
Bounce: INTC, IWM, QQQ, SPY,
Gap Up: SVXY,
Gap Down: VXX
______________________
82 of 100 NDX stocks closed higher
on Tuesday.
43 NDX stocks are
above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving
Above 30 DMA
= 5
COST, FAST, KHC, STX, YHOO
Moving Below 30 DMA = 1
INCY
6-month Intermediate Term Market Trend:
Neutral
3-day Short Term Market Trend: Neutral
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