Broad Market Rally on Rising Volume, Led by Financials Following French Election Surprises Many…VIX Drops Big...

·         8 SPX rallies following French election. 

·         8 Nine sectors were positive led by financials. 

·         8 VIX collapsed -3.79 to 10.84 largest daily drop from prior close in 2017.

·         8 JPM +3.53% leads DJIA.

·         8  BCR +19.50% after BDX buyout leads SPX higher.

·         8 HAS +5.90% after earnings leads NDX.

·         8 Trend and support now short-term, intermediate and long term up trend intact.

 8 Oil drops -.42 to 49.21 its lowest close since Mar 29

Up: IWM, QQQ, SPY, DIA

Down:

Uptrend sectors:  XLK, XLP, XLY, XLRE, XLV,

Look for a potential bounce in stronger stocks like: MU, DIS, V,

Bounces included: MCHP, STX, WDC

Potential Breakouts include: SPY, IWM, DIA, CSX, MAR, MXIM, PAYX, ROST, TXN, WBA, ETFC, V, UNH, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: QQQ, MSFT, IWM, ADBE, AAL, ADP, AMAT, ADSK, ATVI, AVGO, COST, EA, EXPE, SWKS, KEY, XLY, HD,

New Highs SBUX, ADBE, ADSK, AMAT, ATVI, EA, EXPE,FB, JD, LRCX, MSFT, PYPL, BABA, MCD, WMT, HD,

Earnings this week:

Monday:  HAS, HAL, ITW, KMB, AA ZION

Tuesday: AAPL, DD, WHR, BHI, BIIB, ESRX, GLW, KO, MMM, FCX, CMG, T, WYNN, ILMN, JNPR,

Wednesday: AMGN, FISV, PYPL, TSCO, XLNX, CTXS, ALK, BA, PEP, UTX, PG,

Thursday: AAL, ALXN, AMZN, BMY, CELG, CERN, CMCSA, CME, F, GOOGL, INTC, KLAC, LUV, MSFT, SBUX, SWKS, UAA, UPS, VRSN, WDC

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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