Nasdaq Hits 52-Week Closing High...SPX Near High

DJIA + 85.25 +0.83% SP500 + 11.58 +1.05% COMPQ + 25.97 +1.17% Russell 2000 + 8.03 +1.32% Exchange NYSE NASD Advancing 2,197 1,836 Declining 852 924 Oil $73.36 -0.68 - Feb contract Gold $1,095.40 -15.40 SOX 382.65 +7.82 VIX 20.49 -1.19 The VIX moved down and did confirm the move up in the SPX on Monday. The SOX moved up and did confirm the move up in the COMPQ. Strongest Sectors: XLF +1.48%…XLB +1.47%...XLY +1.28% Weakest Sectors: XLU +0.29%...XLP +0.53%...XLI +0.75% All nine sectors moved higher on Monday. Financials, Materials, Consumer Discretionary and Energy were stronger than the SPX +1.05%. Sector Watch Up Trending: XLK, XLB, XLY, XLV, XLP, XLE Horizontal Breakout: XLF, XLI, XLU Sideways: Down Trending: Key Resistance Levels: 1,105 - 1,113 = November High 1,119 = December High 1,025 - 1,133 = 1,075 BO chart target - Sep 08 Low Key Support Levels 1,101 = October High 1,087 = Nov 10 Channel low 1,082 = Nov 9 S1 level 1,075 = 875 Breakout Chart Target 1,061 = Sep 16 S1 level 1,056 = Sep 25 R1 level 1,044 = October Horizontal Old Resistance Guidance: Watch XLF on Tuesday for the key to whether the SPX can break out of resistance or pull back once again. Remember this next week is a holiday shortened week of just three and a half days. Christmas eve on Thursday, a half day and Friday markets are closed for Christmas. Expect trading to be lighter especially on Thursday. Light volume can also create extra volatility as the traders that are around are sometimes able to push the market up or down with less resistance. X, AMZN, NVDA and POT Monday morning’s Charts all had above market average gains for the day. Advancing issues led declining issues on both the NYSE and NASD. Tech stocks AAPL, CREE GOOG, PCLN, AMZN and QCOM all confirmed Friday’s support and bullish candle patterns. Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules. AAPL +2.80 QCOM +0.84 GOOG +2.26 BIDU -7.01 NDX 100 stocks stronger than the NDX include: NVDA, EXPE, FLEX, AMZN, ESRX, JOYG, SHLD, TEVA, HOLX, LRCX, DELL, NWSA, PPDI, INTC, KLAC, DTV, FAST, LBTYA, BIIB, CTXS, URBN, LOGI, QCOM, BBBY, ROST, RYAAY, CTSH, LLTC, STLD, ILMN, AMGN, ADSK, ORLY, AMAT, NIHD, MCHP and MXIM. Check out these Support Bounce Charts: (click image to enlarge) Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA JW.A, AMZN, SLGN, DLB, WCG, ALGT, BDX, ACN, TSL, AFAM, GR, SNHY, SYNA, HDB, MELI, PCLN, PCP, MON, TDG, X, BIIB, NTLS, PETS, NIHD, VPRT, URE, BLUD, GES, GPRO, USD, BKC, CBST, SNA, FSLR, CPLA, MYGN, RIMM, AMED, CLB, DV, ORCL, GXDX, HANS, PPD, SWN, MHS, CTSH, WAB Moving Above 30 DMA = 7 ESI, ESRX, JEC, MOS, TRLG, UYG, VAR Moving Below 30 DMA = 2 DLTR, FAZ Staying Below 30 DMA CGA, BAP, HLF, ICE, PSYS, SLGN, MCD, IPI, AMX, K, JOYG, WMT BIDU, DECK, GILD, RCI, BYI, JCOM, EBAY, FAS, NFLX, JOSB, PWRD, AAPL, GME, CHL, FLS, RBN, ATW, CAM, FUQI Intermediate Term Market Trend: Up Short Term Market Trend: Neutral