Setups to Watch for Tuesday
(click image to enlarge)
Technical Commentary
SPY, DIA,
QQQ = 3-day Bull Flag price pattern
following record highs on Wednesday
IWM = short term sideways
Non-farm payrolls will be reported
on Friday March 10,
Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE
Sideways: XLE
Down Trend:
Breadth weakened as decliners led 2,099 to 915
on the NYSE and led 2,059 to 848 on the NASDAQ.
Monday
– weakened, decliners led, +1 sector
Friday – strengthened, advancers led on the NYSE, +4
Thursday – weakened, decliners led, +1
Wednesday – strengthened, advancers led, +8
Tuesday –
weakened, decliners led, +2
DIA -0.20%, QQQ -0.22%, SPY
-0.30%, IWM -0.69%,
Stock
indexes were down on below average volume on
Monday.
SPY down .71
at 237.71 on 55.3 million shares, 26%
below average volume,
VIX up .28
at 11.24
TLT down .57
at 118.78…on 4.4 million shares 49% below average volume
Oil futures were down .02 to close at 53.18 on Monday.
The SPY MFC green line is in the upper zone at
89 bullish.
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
SPX and NDX Highlights
SPX down 8 points at 2,375.
SPX gainers RRC, COG, SWN, NFLX, MRO, SIG, ATVI, EOG, AA, DVN, DQT,
CXO, XRX, EXPE, TSO, CA, COP, COTY, GWW, AVB, LLTC, REGN, MCHP, URI, FAST, ADI,
VFC, VRTX, UHS, FOXA, HP
QQQ closes down .29 at 130.73.
NDX point leaders: NFLX, CMCSA,
ATVI, FB and TXN
31 of 100 NDX stocks closed
higher and one was unchanged on Monday.
77
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 5
CHTR, EXPE, FOXA, NFLX,
ROST,
Moving Below 30 DMA = 6
AAL, ADSK, COST, GILD,
VRSK, WDC
_______________________________
Strong Stocks: Setups
and Moves You Can Use
Bull Flag Setups include: QQQ, SPY, DIA, XLB, XLF, FAS, XLI, XLK,
XLP, IYR, XLY,
(click image to enlarge)
AXP,
BA, DIS, JPM, MCD, UTX, GS, MMM,
AVGO,
CHKP, CTRP, JD, KLAC, LRCX, MSFT, NCLH, NTAP, NTES, PAYX, PCLN, SBUX, TXN, VIAB,
YHOO, STX, MAR,
GLW, SCHW,
BAC, C, WFC, USB, ZION, HBAN, HIG, LUV, ALK, FLEX, SQ, SHOP, WIX, CC, GD, SODA,
HAL, WB, SRCL, VALE,
(click image to enlarge)
One Day Pullback:
Bull Flag Bounces include: MCHP, (1)
Horizontal Breakout Setups include: PYPL, ADBE, SYMC, WDC, AMAT, MS, CSX, GM,
ATVI, DE, AA, DD, DIS, AMZN, TMUS, ULTA, NRG, BABA, CL, INTC, CCL, LOW, INTU, TMUS,
Horizontal Breakouts include: CSX,
New Highs include: MU, UNH, FB, AAPL, ADI, CLX,
At Support Setups include: IWM, SOXL, AMD,
CLF, RCL, ROST, STI, RF, ADSK, PG, IBM, GOOGL, EBAY, NVDA, TLT, LNG, CAT, NKE, PANW,
UPS, MT, HES, CF, CHK, AMBA, BHI, BBY, PCAR, ETFC, X, STLD, NUE,
Support Bounce: MXIM, SWKS, MGM,
Break of Support: COST, FCX, GDXJ,
_______________________________
Earnings
This week:
Monday –
Tuesday – HRB, URBN
Wednesday –
Thursday – SIG, SPLS, ULTA
Friday –
2016 Q4 EPS (since
Feb 15)
EPS Positive Reactions
BIG, MNST,
BURL, DLTR, AVGO, LOW, MYL, DCI, WUBA, ALB, BWXT, IONS, PCLN, ENDP, FL, KSS, INTU, JWN, NCLH, CTRP, WMT, HD, HSIC, XRAY, SHPG,
NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA,
EPS Negative Reactions
COST,
KR, PANW, BBY, AMBA, ROST, TGT, QVCA, BIDU,
BMRN, TSLA, SINA, LB, SLCA, VRSK, DISH, TRIP, ALXN, FOSL, AIG, DVN, KHC,
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