SPX Pulls Back After Reaching 1,130 Resistance...

DJIA                          10,442.41   -8.23 -0.08%
SP500                         1,113.20    -4.31 -0.39%
COMPQ                       2,289.09  -20.71 -0.90%
Russell 2000                  660.03    -6.89 -1.03%

Exchange                  NYSE              NASD
Advancing                 1,267                  896
Declining                   1,794               1,806

Oil           $78.61       +0.35
Gold   $1,239.90       -17.50
SOX        368.04       -3.17
VIX            24.88      +0.93
Index  Direction      Confirmation
VIX      Up                Yes – SPX
SOX    Down            Yes – COMPQ

Guidance:
After a higher open the SPX reached 1,131 resistance area and reversed closing slightly lower at 1,113. Bearish engulfing patterns were very abundant on Monday putting short term traders on Yellow Alert once again. Look for a potential break of the low of the high day on Tuesday as a potential short term exit on the charts you trade.  As always follow your rules.

Time to move bullish stops up and be prepared for a potential pull back.

Short term support is at 1,103 the S1 level of Tuesday's large white candle.

Trade strong stocks up.
Trade weak stocks down.

The VIX rose +0.93 and closed at 24.88.  Watch to see if volatility rises above 25 on Tuesday.

The short term 3 day trend is up.
The six-month trend is neutral.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch, trade with the trend of the chart and follow your rules.

AAPL -3.90
QCOM -0.05
GOOG -11.47
BIDU +2.27
NDX 100 stocks stronger than the NDX include: BIDU, KLAC, AMGN, WYNN, PCAR, LINTA, JOYG, HANS, STLD, GENZ, HSIC, ATVI, LOGI, ISRG and BRCM.

Stocks weaker than the NDX: RIMM, STX, BBBY, MRVL, AMZN, EXPE, NVDA, GOOG, YHOO, URBN, PCLN, MICC, MSFT, XLNX, and SPLS.
Stocks to Watch on Tuesday

Holding Above 30 DMA
TLT, NFLX, SNDK, CMG, VMW, TIE, DECK, HSY, DLR, SWN, UNG, UAUA, CRM, MHS, CHL, LVS, CRUS, AIV, AMX, ATI, CLF, HAS, HLF, ICE, MCD, SPG, UNP, FFIV, LXK, NTRI, GMCR, NYX, URE, AMD, BA, CAM, CAT, CREE, DE, DHR, DOW, GR, NETL, TSL, USD, USO, V, WHR, A, MA, HANS, ACN, VECO
Moving Above 30 DMA = 3
FCX, PCP, WLT
Moving Below 30 DMA = 5
CREE, PNC, POT, WFMI, WMT
Staying Below 30 DMA
BUCY, WLT, SWK, FAZ, CSTR, ESI, BYI, WMT, ZION, STI, PNC, JEC, GME, HANS, FAS, FLS, PCLN, PCP, ATW, BAC, GES, GS, FCX, X, AGU, IPI, MOS

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up