NDX, SPX, DJIA and RUT Make New All-time Closing High...RUT Breaks Out...REGN Lifts Off...TSLA Soars...

Setups to Watch for Tuesday

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Technical Commentary

The NDX, DJIA and SPX made another new all-time closing high. The RUT broke out of horizontal resistance of its sideways trading channel today, also making a new all-time closing high.

QQQ, SPY, DIA = New High

IWM = Horizontal Breakout of its sideways Channel Price Pattern

Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV

Sideways: XLRE

Down Trend: XLE

XLF and XLF shift from Sideways to Up Trend.

Breadth strengthened as advancers led 1,788 to 1,209 on the NYSE and led 1,634 to 1,193 on the NASDAQ.

Monday – weakened, advancers led, +9 sectors

Friday – strengthened, advancers led, +10

Thursday – strengthened, advancers led on the NYSE, +8

Wednesday – strengthened, advancers led, +7

Tuesday – strengthened, decliners led, +5

DIA +0.72%, QQQ +0.57%, SPY +0.54%, IWM +0.26%,

SPY up 1.26 at 232.77 on 54.1 million shares, 24% below average volume,

VIX up .22 at 11.07

TLT down -.38 at 120.38…on 9.8 million shares, 4% above average volume

Oil futures were down .98 to close at 52.87 on Monday.  

The SPY MFC green line is pointed up at 94 bullish. 

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 12 points at 2,328 after a horizontal breakout last Thursday, with a near-term price target of 2,334.

SPX  gainers GT, REGN, NUE, CCI, STX, MOS, XLNX, ICE, C, CAT, DLPH, SWK, WMB, IPG, AAL, AFL, HPQ, PFG, CME, CERN, SCHW, AMT, GILD, DISCA, WY, LUV

QQQ closes up 72 cents at 128.10, a new all-time closing high.

   

NDX point leaders: AAPL, MSFT, AMZN, CSCO, INTC, GOOG, TSLA, GILD, REGN, QCOM, CMCSA, GOOGL, BIIB, AMGN and PYPL

71 of 100 NDX stocks closed higher on Monday.

81 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 7

AAL, CELG, HOLX, PYPL, REGN, TXN, XLNX,

Moving Below 30 DMA = 3

MNST, NVDA, TRIP,

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: SOXL, GDXJ, TLT,

MCHP, VIAB, MU, TXN, LRCX, NTES, MXIM, NVDA, ATVI,

DIS, PG,

AMD, K,

One Day Pullback: DHI, ROST, HES, FAST,

Bull Flag Bounces include: CLF, WDC, KLAC, ADI, V, UNH, CFG, (7)

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Horizontal Breakout Setups include: XLY, IWM, USB, ADI, BABA, DD, GS, CAT, V, KLAC, STLD, ROST, DHI, LNG, FB, FLEX, SQ, JPM, SWKS, HBAN, ADSK, GLW, GD, AMZN, ETFC, WFC, BAC, STI, CSX, BA, GOOGL, ATI, CCL, MSFT, UPS, HIG, HAL, CHK, XLB, NRG, CMCSA, MGM, CF,

Horizontal Breakouts include: CC, MT, X, VALE, STLD, NUE, XLI, IBM, STX, MAR, AKS, WB, EA, MS, PCAR, YHOO, RCL, MMM, AXP, ETFC,

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New Highs include: TSLA, CC, MT, VALE, DIA, SPY, EBAY, XLK, LUV, JD, ADBE, SHOP, DE, SYMC, XLP, AVGO, AAPL, AMAT, MAR, EA, FAS, PCLN, COST, MCD, CHKP, FB,

At Support Setups include: TMUS, BHI, MGM

Support Bounce: INTC, GM, UPS, FCX, MGM,

Break of Support: 

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Earnings

2016 Q4 EPS

EPS Positive Reactions

ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions

NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB, QRVO, PBI, D, ADP, UAA, UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS, QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS, VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE, NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE

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