SPX New High Close...Barely...

DJIA + 15.27, +0.17% SP500 + 2.92, +0.30% NASDAQ Comp. + 1.93, +0.10% Russell 2000 + 2.42, +0.44% Exchange NYSE NASD Advancing 1,936 1,513 Declining 1,053 1,168 Oil $68.38 +$0.33 Gold $953.50 +$0.40 SOX 302.64 +1.76 VIX 24.28 +1.19 The VIX moved up and did NOT confirm the move up in the SPX on Monday. Strongest Sectors: XLF +1.61%...XLI +0.56%...XLY +0.40% Weakest Sectors: XLP -0.37%...XLU -0.24%...XLV -0.07% Five of nine sectors moved higher on Monday. Financials, Industrials, Consumer Discretionary and Energy, were stronger than the SPX +0.30%. Financial stocks stronger than XLF +1.61%: ZION, RF, KEY, BAC, WFC, AFL, SPG, SCHW, PNC, TROW, PRU and ETFs UYG and FAS. Tech stocks stronger than XLK -0.01%: EBAY, MA, DELL, EMC, T, AMAT, INTC, HPQ, ADP, AAPL and IBM. Sector Watch Up Trending: XLK Horizontal Breakout: XLB, XLY Sideways: XLE, XLV, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 980 = Thursday’s high 1,007 = November horizontal Key support levels: 962 = 161.8% Fib extension 944 – 956 = old January/June/July resistancel 930 = horizontal 920 = horizontal end of May high 917 = 50 DMA Earnings of Interest Tuesday: MEE, MHS, PNRA, X, USNA, WCG Wednesday: AFL, AEM, AKAM, CERN, ESRX, XOM, DAVE, FISV, GMR, MA, OII, STRA, V Thursday: BDX, DLB, GPRO, MET, VPRT, DIS, WYNN Friday: CVX, DRYS The SPX, DJIA and RUT all formed higher lows and higher highs, closed at or near their high of the day and formed a hanging man pattern. The Nasdaq formed a hanging man pattern an inside day relative to Thursday’s large white candle. While the SPX and other indices just inched higher, a sign of slowing upward momentum, sellers have not been able to push prices below support. Monday is a high day. Short term traders watch for a break of the low of the high day. This would count as a Yellow Alert once again. AAPL barely closed higher, GOOG formed an inside day, BIDU and QCOM each formed a spinning top. Financial stocks which have been in a very sideways trading range since May were the strongest sector once again. If financial stocks continue to gain strength that could be the underlying catalyst for the SPX to push to its next resistance area of 1,000 – 1,007. Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA PWRD, K, CPLA, ACN, PSYS, MHS, SLGN, AMED, ALGT, PPD, AMX, NFLX, BYI, CTSH, AAPL, BDX, DLTR, ESRX, PETS, USD, BIDU, FUQI, GMCR, HLF JOSB, AMZN, ATW, BAP, CAM, DECK, DLB, EBAY, FAS, GES, GILD, JCOM, NIHD, ORCL, PCLN, RCI, SNHY, TDG, TRLG, UYG, WRC, ESI, MOS, MUR, WCG, SNA, X, CBST, CHL, SWN, WAB, BLUD, CLB, HDB, JOYG, PCP, RIMM, URE, WMT, EZPW, GME, MON, RBN, STRA, AFAM, BIIB, CHL, CLB, FLS, JEC, PWR, VAR, VPRT, FSLR, JW.A, SPWRA Moving Above 30 DMA = 3 BKC, GPRO, SYNA Moving Below 30 DMA = 2 DV, GR Staying Below 30 DMA HANS, HDB, MCD, FAZ, APEI, NTLS, GXDX, ICE, MYGN Intermediate Term Market Trend: Neutral Short Term Market Trend: Up