DIA, IWM, SPY Pause After New Highs Last Week...

Sector Trend Strength:

Up Trend: XLF, XLI, XLB, XLY, XLE

Sideways: XLK, XLV

Down Trend: XLP, XLU, XLRE

Breadth weakened as decliners led 1,893 to 1,032 on the NYSE and led 1,693 to 1,693 on the NASDAQ.

Monday – weakened, decliners led, +4

Friday – strengthened, advancers led, +9

Thursday – Thanksgiving Holiday

Wednesday – weakened, advancers led, +6

Tuesday – steady, advancers led, +8

Oil futures were were up .94 to close at 46.90.

SPY down -1.04 at 220.48 on 76.5 million shares, 15% below average volume

VIX up .81 at 13.15

TLT up .89 at 121.71…on 8.5 million shares, 10% below average volume

Technical Commentary:

QQQ -0.23%, DIA -0.27%, SPY -0.47%, IWM -1.30%,

RUT, DJIA and SPX along with their respective ETFs IWM, DIA and SPY pulled back on Monday.

Follow your rules and continue to move up stops on short term bullish trades that could pull back.  All according to your profit protection rules.

IWM, DIA and SPY continue to trend above their horizontal resistance breakout level

SPX down 11 points at 2,201.

SPX Leaders: CTSH, NRG, NEM, PEG, ED, AES, WEC, PPL, EXC, PCG, ES, DUK, CMS, AEE, EIX, SCG, LNT, XEL

QQQ in sideways trend is nearing intermediate-term resistance and is a horizontal resistance breakout setup. 

NDX point gainers: GOOG, CTSH, WBA, BIDU, MSFT and YHOO

Remember breakouts typically test about 70% of the time.

Technical analysis based trades should be closed before earnings. After-hours

Trade what you see, not…

Stocks below support should generally be traded bearishly until a reversal pattern forms.

2016 Q3 EPS, > Nov 11

EPS Positive Reactions

CTRP, DE, VEEV, GME, BURL, SINA, DLTR, WB, ADI, CPB, HRL, JEC, SIG, MRVL, ROST, INTU, BBY, NTAP, TGT, AAP, JD, NVDA, KSS, M, JWN, RL, DDS, QVCA, JCI,

EPS Negative Reactions

URBN, PDCO, MDT, TSN, GPS, CSCO, LOW, HD, TJX,

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: MGM, JD, NTAP, DLTR, AMZN, WFM, XLNX, HAL, MUR, ICE, RCL, CE, MXIM, DISCA, ADI, JWN, FTI, SLB, ADSK, REGN, VRTX, SQ, TGT, HAS, NCLH,

Bull Flag Bounces include: STX, WDC, LMT,

Horizontal Breakout Setups include: AAPL, CSX, DAL, LUV, TSLA, AXP, MMM, BA, JPM, UNH, UTX, PWR, ESRX, SAVE, BBBY, STI, HIG, ATI, FOSL, RRC, CHTR, BHI, HES, APA, INCY, CTXS, COST, EXPE, AKAM, LNG, CHK, ULTA, PCLN, NFLX, CHKP, FB, GOOGL,

Horizontal Breakouts include: WB, SINA,

New Highs include: MCD, TXN, TMUS, KLAC, TRV, SBUX, LUV, TCK, PAYX, MAR, AAL, CCL, NVDA,  MU, AAP, FCX, FOXA, ADP, ALK, MCHP, PCAR, X, STLD, NUE, AKS, LRCX, FDX, UPS, ZION, MS, ETFC, USB, C, BAC, RF, UAL, SKYW, CMCSA, CFG, SCHN, BURL, BBY, FISV, CC, ALK, GS, SCHW, CMA, HBAN, SWN,

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Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPY MFC green line is pointed up at 97, bullish. 

33 of 100 NDX stocks closed higher and one was unchanged on Monday.

66 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 2

JD, YHOO

Moving Below 30 DMA = 6

GILD, LVNTA, MDLZ, NXPI, SYMC, VIAB

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up