SPX Breaks 1,071 and 1,056 Support...Finds Buyers at 1,046...

INDU           10,040.45   -133.96  -1.32%
SPX              1,051.87     -15.49  -1.45%
COMPQ        2,123.76     -35.87  -1.66%
RUT                 595.59      -7.08   -1.17%

Leading stocks on Tuesday - TSL, FAZ, RVBD, ATW, CRM, V, NETL, MHS, WMT, SPG, AIV

Weak stocks on Tuesday - SNDK, WLT, AKS, LVS, ATI, CRUS, FAS, FCX, NYX, X, NFLX, BUCY, IPI, UCO, AGU, DOW, SKX, BA, FLS, BYI, DECK, GMCR, UAUA, STI, AMX, CREE, FFIV

Dave will be teaching day two of a Technical Analysis workshop on Wednesday.

CTXS, CRM, MRVL and NTES bounced from their lows on Tuesday.

INTU, AKAM VMW, FFIV and GES are forming a flag pattern.

Watch up trending stocks for a new entry opportunity.

Continue to trade down trending stocks below their 30 DMA according to your rules.

Moving Above 30 DMA = 1
TSL
Moving Below 30 DMA = 13
BYI, CHL, CSTR, FCX, FDX, HAS, HSY, LXK, NDAQ, SINA, UPS, VOD, WLT

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Down