Earnings Season Continues with JBHT Before the Open and NFLX Gaps 17 After the Close…SPY, DIA Pause aft New All-time High on Friday…

NFLX +17.28 positive earnings reaction after the close, watch for Tuesday gap.

SPY and DIA pause holds above Friday’s S1. 

QQQ horizontal breakout setup.

IWM horizontal breakout setup.

Six sectors were higher, led by utilities XLU +0.46% and discretionary XLY +0.28%

SPY down .03 at 245.53 on 33.5 million shares, 47% below average. 

VIX up .31 to 9.82.

Oil down .68 to 46.00

TLT up .34 at 123.67…on 4.7 million shares, 37% below average.

MSFT +0.78% and HD +0.66% led the DJIA, 13 advancers.

FCX +3.17%, M +3.09% and KSS +2.73% led the SPX.

AKAM +2.27%, JBHT +1.83%, TSCO +1.48% and SYMC +1.46% led the NDX.

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

Up: IWM, QQQ,

Down: SPY, DIA,

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

Neutral sectors: XLRE, XLU, XLP

Down trend sectors: XLE

Breadth weakened as advancers led 1,628 to 1,269 on the NYSE and led 1,469 to 1,326 on the NASDAQ.

The SPY MFC green line is pointed up at 83, bullish.

Look for a potential bounce in: C, JPM, WFC, MS, SCHW, BAC, ADP, BBRY, LUV, UAL, ALK, AMD, MOMO, MCD, XLNX, SHOP, EA, TSLA,

At support: MAR, WYNN, DDD,

One Day Pullback: ADSK, SWKS, WB,

Bounces included: JBHT, MNST, CCL, RCL,

Potential Breakouts include: QQQ, IWM, XLY, JBHT, PNC, MNST, CCL, RCL,

WMT, FAS, KWEB, CC, ADBE, ATVI, WDC, EXPE, AABA, CSX, KLAC, AVGO, AMZN, MCHP, ANET, GOOGL, MMM, JD, WYN, NVDA, LRCX, MU

Breakouts: FCX, NFLX, AAPL, HUN, AMAT, BIDU, KLAC, AVGO, V,

Break of short-term support:

Bear flag: COST, TLT,

New Highs: BA, PYPL, WDC, HUN, ETFC, FB, WUBA, BABA, TAL, V, AAL, RACE, SQ, CSX, SPY, DIA,

43 of 100 NDX stocks closed higher and one was unchanged on Monday.

68 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 3

FISV, MCHP, WBA

Moving Below 30 DMA = 4

HOLX, NTES, QCOM, XLNX                         

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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