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All nine sectors moved lower on Monday…XLU, XLP and XLV were the strongest sectors while XLE was the weakest sector. Oil fell $2.45 to close at 29.80, giving back Friday’s gains.
All nine sectors moved lower on Monday…XLU, XLP and XLV were the strongest sectors while XLE was the weakest sector. Oil fell $2.45 to close at 29.80, giving back Friday’s gains.
Breadth weakened as decliners led advancers 5.44 to 1
on the NYSE and as 3.01 to 1 on the NASDAQ.
Monday
– weakened, decliners led
Friday – strengthened, advancers led
Thursday- strengthened, advancers led
Wednesday – mixed, decliners led
Tuesday –
strengthened, decliners led
SPY down 2.88 at 187.64 on 130.3 million shares, 15% below average volume
VIX up
1.81 at 24.15…
TNX down .26 at 20.22…
TLT up .68 at 126.02…on
5.7 million shares, 36% below average volume
XLF down .43 at 20.85…on
64.1 million shares, 11% above average volume
AAPL down 1.98 at 99.44 on 51.7 million shares, average volume
FB down .93 at 97.01 on 32.4
million shares, 19% above average volume
Technical Commentary:
DIA -1.30%, QQQ -1.48%, SPY
-1.51%, IWM -2.22%.
SPX
breaks below Friday’s low following two day rally as oil pulls back. Potential hedge and bear flag entry day on
many charts. Volume was lower on
SPY, DIA, QQQ and IWM on Monday.
MCD
hits new all-time intra-day high following earnings. PG, JNJ, DD, MMM report before the open on
Tuesday and AAPL reports after the close.
Earnings this week:
Monday:
MCD, HAL, KMB,
Tuesday:
DD, JNJ, MMM, PG, AAPL, CA,
Wednesday: BA, BIIB, LRCX,
CTXS, EBAY, FB, PYPL, QCOM, SNDK, TSCO, TXN, UTX, VRTX
Thursday: CAT, CELG, CHKP, CVX,
V, AMGN, AMZN, EA, KLAC, MSFT, SWKS, WDC
Friday: AAL, PCAR, STX
YTD:
SPX Leaders: M, SWN, SE, EQT, TWX, FLIR, TYC, BXLT, SNI, ED
(50)
SPX Losers: ESV, FCX,
MRO, BWA, CHK, APC, AA, CF, WRK, WDC
NDX Leaders: DISCK, ISRG, VIAB, EA, KHC, CTSH, XLNX (7)
NDX Losers: WDC, STX, INCY,
VRTX, MU, ADSK, LBTYA, NTAP, NCLH, ALXN
DJI Leaders: WMT, VZ, MCD
DJI Losers: AXP, DD, GS,
JPM, CAT, CSCO, BA, INTC, UTX, IBM
Remember: “It’s
a market of stocks, not just a stock market.”
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 21.
__________________
Setups
Horizontal Breakout: CPB, XLNX, EA, CTSH, CAH, CRM, DAL, EAT, NKE,
SEDG, SONC, W, EBAY, FSLR
Bull Flag: TLT, VXX, FINL, RRC, VIAB, SNI, M, HAS
Bear Flag: SINA, WUBA, YELP, AVGO, TSL, TPX, QRVO, PLAY, CSIQ, AA, SPWR,
At Support: KMB,
Moves
D Breakout: DRI
Bounce: ROST,
Gap Up: SPY, QQQ, SE,
YNDX, COST,
Bear Flag: CMCSA, BIDU, MNST, TBT, SONC, SLCA, CRM, AIG, SVXY
______________________
11 of 100
NDX stocks closed higher on Monday.
8
NDX stock is above its 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 1
MAT
Moving Below 30 DMA = 6
DISCA, ENDP, FISV, PCAR, QCOM, ROST
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Neutral
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