SPX and INDU Make New High Close...

The SPX made another horizontal breakout on Tuesday creating a new breakout price target of 1,330.  The VIX confirmed moving down to 17.63.  Breadth was broad and all nine sectors moved higher.  Materials XLB +2.68% and Financials XLF +2.07% led all sectors.

Strong NDX stocks moving up >3% included BIDU, ALTR, LRCX, EBAY CHKP, NWSA, ORCL, ADSK, VMED, FLIR, EXPD, AMAT, LINTA, NTAP, XLNX, ATVI and JOYG.

Watchlist stocks moving up >3% included LXK, PCX, SOHU, SLW, LVS, FAS, AMD, FCX, CLF, BAC, DISH, MCP, PNC, X, MOS, DECK, NDAQ, DHR, HLF, ZION, CSTR and IPI.  SWKS just missed rising 2.99%.


Dave is traveling home from an Advanced Option workshop this evening and will post again on Wednesday.