Two sectors moved higher on
Monday… XLK, XLP and XLV were
the strongest sectors…XLU was the
weakest sector.
Breadth weakened…decliners
led advancers…1.42 to 1 on the NYSE and strengthened 1.33 to
1 on the NASDAQ where advancers led decliners…
Monday
- mixed
Friday – mixed
Thursday – strengthened,
advancers led
Wednesday –
strengthened, advancers led
Tuesday – strengthened,
advancers led
SPY
down .25…volume 54 million shares
VIX
down .14…at 11.84…
TNX
up .38 at 26.40…
TLT
down .82 at 105.70...
XLF
down .04 at 20.77…volume 21 million shares
AAPL
up 6.91 at 469.45…volume
11.3 million shares
FB
up 1.14 at 39.19…volume 79.9 million shares
Technical Commentary:
IWM + 0.34%, QQQ + 0.06%, DIA – 0.26%, SPY
– 0.15%.
IWM small caps lead stocks higher. AAPL, FB and PCLN lead NDX higher while BIDU, MSFT, AMZN, AMGN and
GILD weigh down.
FB +1.14, +2.99% makes
all-time high close at 39.19 on 79.994 million shares on $3.099
billion. Big money continues to
expand FB position.
NFLX +7.66, +3.11% bounces
off support, channel resistance at 270.
TSLA +6.68, +4.84% another
all-time high on 10.2 million shares on $1.448 billion.
Earnings announcements continue as the fifth week of earnings season begins on Monday. Chart Signals
is focusing on stocks with announcements
and stocks that have had a positive earnings reactions over the past two weeks.
This Week Earnings of Interest
Tuesday – ADM, CAR, CHRW, DIS, DISH, EXPD, FSLR, FOSL,
LINTA, LMCA, MGM, Z
Wednesday – AGU, BOFI, GMCR, GRPN,
SCTY, SUNE, TSLA, TWX,
Thursday – AAP, FWLT, MCP, MNST, NVDA,
RAX, SGMS, SSYS, TMUS,
Friday – JRCC
Q2 Earnings Reactions
Positive Reactions – EAT, VIAB, YOKU, AIG, CTRX, CHK, COP,
LNKD, MELI, MYL, NUS, ZAGG, CMCSA, CTRP, GRMN, HES, MA, MCHP, SODA, YELP, QCOR, FISV, BWLD, MTW, VRTX, WYNN, SWK, SBUX,
ALK, AMZN, CELG, CB, CLF, GILD, IP, MXIM, RCL, HSY, UA, UAL, V, FB,
BIDU, TRIP, COG, CTXS, ETFC, FFIV, AKAM, AAPL, EA, VMW, DAL, LCC, EMC, LLY,
MCO, AKS, FCX, BTU, UTX, HAS, TXN, GE, HON, SLB, STI, WHR, CHKP,
CMG, JCI, KEY, MS, OSTK, SWKS, UNP, UNH, BAC, IBM, SNDK, XLNX, CSX, GS, URI,
YHOO, C, WFC
Negative Reactions – ANR, CVX, CME, XOM, K, DTV, RVBD, X, COH, DISCA, ESRX, SOHU, DLR, CERN,
CRUS, DECK, DNKN, EXPE, KLAC, POT, PCP, SWI, TPX, EQIX, ABC, CROX, ANGI,
ATI, CAT, WDC, PNRA, STX, NSC, USNA, TRV, MCD, MO, NFLX, ZION, BHI, AMD,
GOOG, ISRG, MSFT, EBAY, INTC, MAT, SCSS, USB, AXP, KO, MOS
Chart Signals Strategy Guidelines
When the market
is trending up Chart Signals looks
for support bounce and resistance breakout entries.
When the market
is trending down Chart signals looks
for resistance pull back and support break entries.
When the market
is sideways in consolidation Chart Signals
will look for support bounce, diagonal breakouts and pull backs
at resistance where price action stays between support and resistance.
Technical setups for
short-term option trades be in and out by earnings release.
Over earnings release use earnings option strategies such as straddles, strangles, OTM calls
or puts.
After earnings look for
bullish setups in positive reaction stocks and bearish setups in negative
reaction stocks.
The Market Forecast Green Line and is in the upper
zone.
____________________
Setups
H Breakout: CTSH, MNST, MU, NUAN, NVDA, WFM, C, CIEN, CRM, FAS,
GMCR, GRPN, JNPR, LVS, P, STI,
Diagonal Breakout: DTV, ESRX, INTC, NTAP, FSLR, GLD, SSYS, TLT,
XONE, ZION
Bull
Flag: AKAM, AMZN, ATVI, CELG, CMCSA, GILD, GRMN, ROST, SYMC, XLNX, BAC, CMG, DDD,
NTES, RCL,
Potential Bullish Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: VECO, WLT,
Moves
New Highs: BBBY, COST, CSCO, FB, MYL, TSLA, SPLK, Z
Gap Up:
Gap Down:
H&D Breakout: AAPL, PCLN, WYNN, ESI, GS, MFRM, SCTY,
Breakout Test:
Bounce: BBRY, NFLX,
MACD Divergence Bounce:
Bear Flag:
Support Break:
______________________
42 of 100 Leading NDX stocks closed higher on Monday and one was unchanged.
Leading NDX 100 stocks included: MU, TSLA, EXPE, NFLX, FB, SBAC,
PCLN, FISV, LINTA, WFM, AAPL, MYL, SPLS
Lagging NDX stocks included:
FOSL, BIDU, SHLD, EXPD, ATVI, FAST, KRFT, LMCA, SNDK, AMGN
Leading stocks > +2% on Tuesday included: ESI, BBRY, TSLA, HLF, TSL, GMCR, RVBD,
NFLX, GRPN, CRUS, ANR, LDK, DECK, CLF
Lagging stocks < -2.0% included: YELP,
UAL, JDSU
Stocks to Watch on Tuesday
Holding Above 30 DMA= 78
TSLA, SPLS, CSCO, AMZN, DLTR,
ADBE, INTU, BBBY, MCHP, PCLN, SRCL, ALTR, CA, LINTA, ORLY, PCAR, ROST, VOD,
VIAB, FB, LBTYA, KRFT, LMCA,CMCSA, HSIC, VRSK, ADP, ALXN, CHKP, CTSH, NTAP,
SYMC, WFM, NFLX, BMC, CELG, ESRX, FISV, LLTA, XLNX, ADI, ATVI, CHRW, COST,
CTXS, EXPD, GILD, LIFE, MYL, PAYX, XRAY, TXN, SIAL, AKAM, AMAT, GRMN, KLAC,
YHOO, AMGN, REGN, ADSK, BIDU, FFIV, MDLZ, CTRX, GOLD, QCOM, AAPL, FAST, SBUX,
MXIM, WYNN, SHLD, CERN, NVDA, BIIB, MNST, FOXA, GOOG, NUAN, DISCA, DELL
Moving Above 30 DMA = 1
MU
Moving Below 30 DMA = 2
FOSL, WDC
Staying Below 30 DMA
ADSK, DTV, SBAC, EXPE,
VRTX, SNDK, EQIX, STX, AVGO, EBAY, MSFT, BRCM, MAT, ISRG, INTC
Four-Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
