SPX Rises Again, Forms Hanging Man...

DJIA + 67.79, +0.77% SP500 + 3.45, +0.36% NASDAQ Comp. + 6.91, +0.36% Russell 2000 - 1.74, -0.33% Exchange NYSE NASD Advancing 1,292 1,161 Declining 1,301 1,497 Oil $64.72 +$0.74 Gold $946.90 -$1.90 SOX 293.97 -0.16 VIX 23.87 -0.53 The VIX moved down and did confirm the move up in the SPX on Tuesday. Strongest Sectors: XLV +1.47%...XLB +1.18%...XLU +0.99% Weakest Sectors: XLF -0.90%...XLP -0.13%...XLY +0.00% Six of nine sectors moved higher on Tuesday. Healthcare, Materials, Utilities, Energy and Technology were stronger than the SPX +0.36%. Financial stocks stronger than XLF -0.90%: ALL, AFL, AXP, IVZ, CB, TRV, TROW, MMC, JPM, USB, GS, MET, SPG, BAC, AOC, PRU, NTRS, WFC and SCHW. Tech stocks stronger than XLK +0.57%: DELL, EMC, CSCO, QCOM, ORCL, VZ, MSFT and T. Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY Sideways: XLE, XLV, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 944 – 956 = January/June horizontal 962 = 161.8% Fib extension Key support levels: 930 = horizontal 920 = horizontal end of May high 912 = 50 DMA 878 = 200 DMA 870 -875 = horizontal The SPX spent a third day in the 940 – 955 horizontal resistance area once again forming a new high close at 954.58. Its intraday high of 956.53 eclipsed the intraday high of 956.23 on June 11. The SPX did pull back to 943 before rallying for the last three hours of the trading day. AAPL earnings came after the close and gave at least a positive enough sense that the stock traded up $6.81 on 8.6 million shares in after-hours trading. The NQ futures responded by moving up about 5 points from their 4:15 pm ET close of 1,554.75. The ES futures are up just 0.25 points from their 4:15 pm ET close of 953.50. The SPY gained 26 cents in after-hours trading. Watch for pre-market trading on AAPL, ES and NQ futures. The strength of AAPL could be the catalyst for the SPX to break through horizontal resistance and make a move towards the 1,000 horizontal resistance from early November. Tuesday Earnings CAT rose 7.67% MRK rose 6.12% BTU fell -5.20 YHOO fell -3.22% after hours WFC rose 0.99% after hours Key Earnings Wednesday: F, GR, ISRG, MOS, UNP Stocks to Watch on Wednesday 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, GR, 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, MCD, BLUD, CLB, HDB, JOYG, PCP, RIMM, URE, WMT Moving Above 30 DMA = 6 DV, EZPW, GME, MON, RBN, STRA Moving Below 30 DMA = 1 VPRT Staying Below 30 DMA AFAM, FAZ, BKC, APEI, NTLS, SYNA, GXDX, ICE, JW.A, MYGN, PWR, GPRO, JEC, BIIB, FLS, VAR, SPWRA, FSLR, HANS Intermediate Term Market Trend: Neutral Short Term Market Trend: Up