Five of nine sectors moved higher on Monday…XLE,
XLB and XLV were the strongest sectors while XLP was the
weakest sector. Oil futures rose
+1.65 to close at 37.98.
Breadth strengthened as advancers led decliners 1.98 to 1 on
the NYSE and
2.20 to 1 on the NASDAQ.
Monday
– strengthened, advancers led
Friday – weakened, advancers led
Thursday - strengthened, advancers led
Wednesday – weakened, advancers led
Tuesday –
strengthened, advancers led
SPY up .16 at 200.59 on 100.2
million shares, 25% below average volume
VIX up
.49 at 17.35…
TNX up
.19 at 19.02…
TLT down .04
at 128.56…on 5.4 million shares, 42% below average volume
XLF down .01
at 22.27…on 39.1 million shares, 46% below average volume
AAPL down
1.14 at 101.87 on 35.9 million shares, 20% below average volume
FB down 2.66
at 105.73 on 31.5 million shares, 24% below average volume
Technical Commentary:
IWM +1.09%, DIA +0.35%, SPY
+0.08%, QQQ -0.62%.
Small
cap IWM continued to lead the broad market
ETFs on Monday.
Trade
what you see, not…
Stocks below support should generally be traded bearishly until a reversal pattern forms.
______________________
Strong Stocks: Setups and Moves You Can Use
Bull Flag Setups include: INTC, AMZN,
ATVI, BIDU, EA, FAST, JD, MNST, PYPL, ROST, SBUX, MSI, GME, NFLX, CTB, CMCSA,
AAPL, AVGO, ADBE, GOOGL, PCLN, BIIB, STI, GS, ESRX, CHL
Bull Flag Bounces include: CF, WFM, LRCX, TASR
Horizontal Breakout Setups include: WDC, CTXS, PG, CYBR, RIG, NFLX, GILD, ALXN, CELG,
MU, NXPI, MS, AXP, TRIP, BA, UNH, C, WFC, ETFC, XLP, XLU, XLV, HD, EBAY, CAVM
Horizontal Breakouts include: TSLA, STX, WFM, JPM, TSLA, DD,
PANW, GLD, CSCO, HOG, VIAB, GPRO, SCTY
______________________
Short-term Movers:
SPX gainers: CHK, MUR, SWN, RIG, ESV, RRC, CNX, MRO, APA, FCX, NRG, DVN,
COP, HPE, NOV, WMB, APC, HP, EOG, URI, LM, DO, OKE, ZION, MOS, KMX, NUE, XEC,
HES, CMA, AA, FLR, CXO, CFG, FITB, RF, COG, AES, HAL, NTRS, NBL, PBI, R, STI,
CAT, UNM, EQT, TDC, PSX, CBG, HST, SCHW, NFX, HCP, EMN, LUK C, TMO, AMG, PRU,
IP, LEN, NSC, PVH, F, QRVO, TIF, RL 8.75
SPX losers: HRB, POM, KR, EQR, NKE, FSLR, TXT, MSI, GD, NOC
NDX gainers: WDC, STX, ADSK, DISCA, SWKS,MU, VIAB, BBBY, NTAP, NXPI,
BMRN, ILMN, WFM, AVGO, TSLA, YHOO, LMCA, ENDP, ADI, CTXS, VRTX, REGN, ALXN,
ANDK, DIS, AAPL, LMCK 5
NDX losers: SYMC, DLTR, CTRP, ATVI, COST
YTD:
SPX Leaders: CNX, NEM, FCX, KORS, FOSL, RRC, SE, M, COG, CTL
(250, -1)
SPX Losers: MPC, RCL, WMB, DVN, TXT, LNC, WRK, ADS, BAC, RHT
NDX Leaders: MAT, FAST, PCAR, BBBY, PYPL, DISCK, ROST, QCOM,
HSIC, FISV (36, +2)
NDX Losers: INCY, VRTX, ENDP, REGN,
TRIP, ALXN, ATVI, JD, ESRX, SYMC
DJI Leaders: VZ, WMT, CAT, XOM, MMM, PG, JNJ, UNH, KO, IBM
(12, +1)
DJI Losers: AXP, BA, GS, INTC, JPM, MSFT, PFE, V, DIS, NKE
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 98.
53 of 100
NDX stocks closed higher and one was
unchanged on Monday.
82
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 2
REGN, VIAB,
Moving Below 30 DMA = 6
COST, CTSH, FB, GOOG,
MSFT, ULTA,
6-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market
Trend: Up
No comments:
Post a Comment