INTC Buyout MBLY +28%...QQQ, SPY, IWM Day 2 Support Bounce...DIA Pauses...FOMC on Wednesday...

Setups to Watch for Tuesday

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Technical Commentary

QQQ, = Bull Flag bounce on day 2, at resistance, HBO setup

SPY = Bull Flag bounce on day 2, above support

DIA 8-day Bull Flag price pattern

IWM = bullish engulfing on day 8 of pullback at support

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

Sideways: XLB, XLRE

Down Trend: XLE

Breadth was steady as advancers led 1,786 to 1,202 on the NYSE and led 1,778 to 1,060 on the NASDAQ.

Monday – steady, advancers led, +8 sectors

Friday – strengthened, advancers led, +7 sectors

Thursday – strengthened slightly, decliners led, +4

Wednesday – strengthened slightly, decliners led, +4, 1 sector unchanged

Tuesday – continued weak, decliners led, 1 sector unchanged

IWM +0.26%, QQQ +0.17%, SPY +0.05%, DIA -0.10%,

SPY up .12 at 237.81 on 57.2 million shares, 23% below average volume,

VIX down .31 at 11.35

TLT down .74 at 116.51…on 8.8 million shares 20% below average volume

Oil futures were up .15 to close at 48.47 on Monday

The SPY MFC green line is pointed down at 78.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 1 point at 2,373.

SPX  gainers CTXS, WYNN, DLPH, CHK, RIG, NVDA, SYMC, MPC, SWN, COL, RRC, MU, BWA, DVN, NFLX, TSO, REG, ORLY, HP, ALB, CXO, ETFC, VLO, AZO, FCX, PDCO, APC, LRCX, CNC, TDG, HRB, CTL, CSRA, FSLR

QQQ closes up .22 at 131.61.

   

NDX point leaders: FB, NVDA, GOOGL, SIRI, GOOG, NFLX, AMZN, PCLN, JD, TXN and YHOO

66 of 100 NDX stocks closed higher on Monday.

75 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 7

CSX, FOXA, LBTYA, LVNTA, MAR, MDLZ, NFLX,

Moving Below 30 DMA = 0

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: DIA, XLF, FAS,

BA, MCD, JPM, AXP, GS, UTX,

NTAP, MYL, PAYX, NTES, INTU, MAR, BIIB, MNST,

BAC, GLW, ZION, HBAN, LUV, SODA, GM, USB, SQ,

One Day Pullback:

Bull Flag Bounces include: DIS, CC, GD, (3)

  

Horizontal Breakout Setups include: QQQ, XLK, DIS, MU, YHOO, GOOGL, WUBA,

BABA, SCHW, HIG, NCLH, AMD, WFC, FLEX, MS, NRG, C, AMZN, VIAB, GOOGL, MSFT, PYPL, RCL, DE, JD, QCOM, CL, SRCL, BBY, XLP, SPY, CTRP, LOW, CELG, PANW, CCL, ADSK, TSCO, PG, UPS, ETFC,

Horizontal Breakouts include: SOXL, MXIM, WIX, AMD, SHOP, TXN,

New Highs include: AMAT, ATVI, EA, FB, HOLX, LRCX, SYMC, UNH, CLX, PCLN, INCY, ULTA, NXPI, ADBE, KLAC, AVGO, MMM, SWKS, DD,

At Support Setups include: IWM, ADI, STI, RF, CSX, IYR, NUE, TMUS, EBAY, NKE, COST, STLD, MGM, IBM, CAT, HAL, TLT, CF, AA, INTC,

Support Bounce: STX, WDC, WB, MGM, AMBA, VALE, MT, LNG, CHK, ALK, ROST, PANW, PCAR, GDXJ, NVDA, X, BHI, CLF, HES,

Break of Support:

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