Setups to Watch for Tuesday
Technical Commentary
TSLA 298.52,
+7.27% hit a new all-time closing high on news of Q1 autos delivered over 25,000 and increase of
69% over Q1 2016.
DIA -0.04%, QQQ -0.06%, SPY
-0.17%, IWM -1.05%,
(click image to
enlarge)
Up Trend: XLY, XLK, XLU, XLV
Sideways: XLB, XLF, XLRE, XLI, XLP,
Down Trend: XLE
Breadth weakened as decliners led 1,322 to 1,322
on the NYSE and led 2,081 to 814 on the NASDAQ.
Monday
– weakened, decliners led, +2 sectors
Friday
–weakened, advancers led, +3
Thursday – weakened slightly, advancers led, +7
Wednesday – weakened slightly, advancers led, +7
Tuesday –
strengthened, advancers led, +9
SPY down .41
at 235.33 on 85.5 million shares, 4%
above average volume,
VIX up .01
at 12.38
TLT up .96
at 121.67…on 12.9 million shares 62% above average volume
Oil futures were down .60 to close at 50.25 on Monday.
The SPY MFC green
line is pointed
up at 53,
bullish with the SPY
remaining above short-term support/resistance at 234.72.
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Up
SPX and NDX Highlights
SPX down 4 points at 2,359.
SPX gainers NEM, CI, GGP, HUM, CMG, HOG, EXR,
WYNN, NSC, NLSN, DOV, KIM, SPG, FMC, UAL, UNH, AET, VZ, WMB, BAX, NUE, BCR,
DAL, CFG, LH, SCG, DVN, MAC, PLD, ANTM, MON, TMO, PRGO, A, AMD
(click image to
enlarge)
QQQ closes down .08 at 132.30.
NDX percentage gainers: TSLA, INCY, JD,
BIDU, HOLX, GOOG, KLAC, CTRP, NXPI, EBAY and AMZN
(click image to
enlarge)
32 of 100 NDX stocks closed
higher on Monday.
57
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
BIDU, GOOG, INCY
Moving Below 30 DMA = 7
ADSK, CTSH, MNST, NCLH, PYPL, QCOM,
TRIP
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Strong Stocks: Setups
and Moves You Can Use
Bull Flag Setups include: WDC, ATVI, HUN, PCLN, BABA SPY, MAR, XLU,
AMAT, CCL, RCL, FISV, MXIM, HD, JNJ, CLX, UNH, MNST, GDXJ, TXN, CERN,
Bull Flag Bounces include: WYNN, TLT, GDXJ, EBAY, (4)
One Day Pullback: VIAB, ULTA,
MACD Histogram Bullish Divergence: IBM, PANW,
Horizontal Breakout Setups include: TLT, ATVI, QQQ, AMD, NFLX, ADBE, LVS, MCD,
MSFT, HOLX, LRCX, CBOE, MOMO, NRG, CTRP, MU, DIA, XLE, NVDA, FLEX, SOXL, INTC, SYMC,
X, NUE, STX, MMM, BA, EA, AVGO, AAL, LUV, CSX, YHOO, CMCSA, DAL, HAS, AA, GS, CTSH,
SWKS,
Horizontal Breakouts include: WIX, TSLA, IYR, UAL, KLAC, DIS, LNG, RF,
ZION, STI, NXPI, CHK, SWN,
New Highs include: AMZN, FB, AAPL, QQQ, XLY, CC,
At Support Setups include: ROST, PYPL,
CF, CTSH, ADI, SWKS, ALK, EXPE, NTES,
Support Bounce: V, AMBA,
Break of Support: ADP, PAYX,
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