QQQ Hits New All-time Closing High as SPY, DIA, IWM Form Bull Flag...

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HAS -9.44% on EPS reaction, MAT -3.84% down in sympathy.

QQQ makes new all-time high. 

SPY, DIA, IWM forming bull flag.

Two sectors were higher, led by financial XLF +0.44% and technology XLK +0.24%

SPY down .06 at 246.82 on 46.6 million shares, 23% below average. 

VIX up .07 to 9.43.

Oil up .88 to 46.48

TLT down .49 at 125.20…on 5.3 million shares, 24% below average.

CAT +1.49% and AAPL +1.21% led the DJIA, 8 advancers.

XRX +3.77%, NRG +3.23% and CFG +2.81% led the SPX.

TSLA +4.30%, WYNN +3.27%, INCY +3.02% and BIDU +2.83% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ, IWM

Down: SPY, DIA,

Uptrend sectors:  XLV, XLK, XLY, XLB, XLI, XLF,

Neutral sectors: XLRE, XLU, XLP

Down trend sectors: XLE

Breadth weakened as decliners led 1,609 to 1,273 on the NYSE and led 1,384 to 1,411 on the NASDAQ.

The SPY MFC green line is at 95, bullish.

Look for a potential bounce in: IWM, SPY, DIA, AMAT, KLAC, CCL, AVGO, ATVI, PNC, BABA, MS, EXPE, AABA, AAL, C, JPM, WFC, SCHW, BAC, LUV, MCD, XLNX, JBHT, MMM, MCHP, JNJ, FCX, BBRY,

At support: CSX, DDD, COST,

One Day Pullback: TLT, ADP,

Bounces included: AAPL, KWEB, CC, WMT, AMZN, SHOP, HUN, TAL, WB, ANET,

Potential Breakouts include: WDC, XLY, RCL, MS, ATVI, MAR, FAS, AMD, FCX, EXPE, KLAC, GOOGL, JD, WYN, NVDA, MU, TLT, SWKS, ADP, BBRY, EA, LRCX,

Breakouts: TSLA, MOMO, CC, WYNN, ADSK, MNST,

Break of short-term support: ALK, UAL,

Bear flag:

New Highs: BIDU, BA, RACE, V, FB, AMZN, TAL, QQQ, ADBE, SQ, SPY, AABA, WUBA, PYPL, NFLX, ETFC,

32 of 100 NDX stocks closed higher on Monday.

70 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

FAST, INTU, ISRG,

Moving Below 30 DMA = 5

CMCSA, DISH, DLTR, HAS, MAT                

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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