SPY bounces at channel support.
DIAin bull
flag pattern.
QQQ horizontal breakout setup following a MACD bullish divergence bounce.
IWM at short-term support, similar low.
Five sectors were higher, led by technology XLK +0.73% and materials XLB +0.63%.
SPY up .26 at 242.37 on 36.6 million shares, 44% below average.
VIX down .08 to 11.11.
Oil up .22 to 44.55
TLT up .18 at 122.90…on
3.8 million shares, 50% below average.
NKE +1.29% and V +1.25% led
the DJIA, 14 advancers.
MOS +5.31%, FCX
+5.21% and
SWN +4.46% led the SPX.
NVDA +4.73%, JD +3.06%, XLNX +2.80% and
WDC +2.68% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
QQQ, SPY,
Down:
DIA, IWM,
Uptrend
sectors: XLF, XLV,
XLI, XLB, XLY
Neutral
sectors: XLK XLRE, XLU, XLP
Down
trend sectors: XLE
Breadth weakened as advancers led 1,478
to 1,413 on
the NYSE and decliners led 1,733 to 1,096 on the NASDAQ.
The SPY MFC green
line is pointed
down at 57,
defensive.
Look for
a potential bounce in: DIA, MS, SCHW, C,
WFC, ETFC, BIDU, EXPE, BBRY, CCL, BAC, AABA,
At
support: IWM, MAR, TLT, RCL, TSLA, DDD,
WMT,
One Day
Pullback: LUV, JPM, ADP, JBHT, MCD,
Bounces included:
RACE, V, PYPL, SPY, XLY, MMM, WYNN, JD, KWEB, WYN, BABA, SQ, CC, MU,
Potential
Breakouts include: QQQ, BA, CSX, AMD, BABA, AMAT, NFLX, ADBE,
ATVI, EA, AAPL, ADSK, KLAC, MCHP, ANET, WDC, MNST, GOOGL, FB, AMZN, XLNX, AVGO,
LRCX, SWKS, WB,
Breakouts:
MOMO, TAL, WUBA, HUN, NVDA, AMZN, XLNX, SHOP, LRCX,
Break of
short-term support: COST, BBY,
Bear flag:
New Highs: CSX, ETFC, AAL,
68 of 100 NDX stocks closed
higher and on Monday.
43
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 14
AMAT, AMZN, AVGO, BIDU,
CHKP, DISCA, DISH, EBAY, FB, JD, NVDA, WDC, WYNN, XLNX
Moving Below 30 DMA = 2
HOLX, MNST
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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