SPY Potential MACD Bullish Divergence Setup...

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After the close Review of Monday’s action…SPY, potential MACD bullish divergence setup, QQQ, DIA, IWM, VIX,  bull flags KSU, CCL, CRM, RCL, ADBE, V, MCD, PYPL, AXP, AAPL, LRCX, MU, TSLA, breakout setups FCX, MSFT, ADSK, AMAT, MCHP, MNST, ROST, EL…

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DIA hammer in bull flag pattern.

SPY, QQQ potential MACD bullish divergence.

IWM hammer at short-term support.

Seven sectors were higher, led by real estate XLRE +1.03% and healthcare XLV +0.45%.

SPY up .19 at 242.90 on 65.4 million shares, 4% above average.  Up on lower volume.

VIX down 1.07 at 13.19.

Oil down 1.33 to 47.57

TLT up .31 at 126.93…on 7.6 million shares, 12% above avg.  Up on lower volume. 

HD +1.16%, and CSCO +1.02%, led the DJIA, 16 advancers.

FCX +4.10%, JCI +3.29% and RHT +2.21% led the SPX.

CTRP +3.45%, JD +2.82%, MELI +2.46%, and NTES +1.63%, led the NDX.

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

Up: DIA, SPY

Down: IWM, QQQ,

Breadth weakened on Monday as decliners led 1,434 to 1,429 on the NYSE and led 1,672 to 1,163 on the NASDAQ.

The SPY MFC green line is at 46, short-term bearish.

Uptrend sectors:  XLU,

Neutral sectors: XLK, XLP, XLF, XLY, XLRE, XLV, XLB, XLI

Down trend sectors: XLE

Intermediate-term trending stocks:  PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V, CCL, RCL, ALGN, ANET, SQ, MOMO, CC, BZUN, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A, EDU, SHOP, EXPE,

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

30 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 4

ADSK, CERN, INTU, LBTYA

Moving Below 30 DMA = 4

CTSH, MSFT, MU, TSLA

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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