SPX Large White Candle Moves as XLF Leads Sectors...

All nine sectors moved higher on Monday. XLF +5.16%, XLE +4.53% and XLB +4.21%, were the strongest sectors.

On Monday the Euro was up 258 pips to 1.3634. Bond trading was closed for Columbus Day. TLT was down -1.67. Financials XLF was up 61 cents.

The broad indices all moved higher with the RUT +4.37%, COMPQ +3.50%, NDX +3.45%, SPX +3.41% and INDU +2.97%. The SPX moved up +39.43 and closed at 1,194.89. The VIX moved down -3.18 to 33.02.

Monday is the high day of the recent short term up trend as the SPX nears horizontal resistance. Several stocks in the Dow 30 are breaking horizontal resistance including CSCO, XOM, INTC, IBM, PG and WMT.

Earnings season starts with a trickle on Tuesday, October 11 with AA after the close. JPM, GOOG and FAST report earnings on Thursday October 13.

Breadth strengthened as advancers led decliners 10.87 to 1 on the NYSE and 4.88 to 1 on the NASDAQ.

Exchange     NYSE     NASDAQ
Advancers    2,784        2,125
Decliners        256           435

Leading stocks > +2% on Monday FAS, IL, URE, TSL, PCX, ANR, CLF, C, UCO, LVS, CDE, BAC, COH, RCL, A, TPX, DLR, AKS, FCX, DOW, DE, ENTR, TIF, ANF, X, SLB, JDSU, F, INFA, CAT, ATI, SWK, ZION, GES, HAL, POT, DHR, CMG, SINA, MOS, NVDA, SOHU, WLT, KKD, DECK, CROX, ZAGG, CF, NDAQ, NTES, SNDK, STI, CRM, CSTR, GS, WDC, UNP, ICE, FWLT, SLW, V, NGLS, JNPR, HUM, SWN, NKE, TBT, MCP, SMH, HLF, CHL, FFIV, GLW, UAL, IBM, VMW, SWKS, CRUS

Losing stocks < -2.0% included FAZ, CREE

NDX 100 stocks stronger than the NDX included SIRI, WYNN, JOYG, CTXS, ERTS, DELL, APPL, VMED, CMCSA and SHLD.

Stocks weaker than the NDX include VRTX, NFLX, ILMN, BMC, LIFE, RIMM and APOL.

Sixteen NDX stocks including AMAT, BBBY, CERN, CTXS, FAST, GOOG, ISRG, ORLY QCOM, STX and VRSN moved above their 30 DMA making 70 NDX stocks now above the 30 DMA.

Stocks to Watch on Tuesday
Holding Above 30 DMA = 18
TLT, IBM, ARUN, DECK, FFIV, ICE, INFA, SNDK, CRUS, CSTR, F, NDAQ, NKE, ANF, COH, ENTR, NVDA, UNP
Moving Above 30 DMA = 17
CRM, CROX, DHR, DLR, DOW, GLW, SMH, STI, SWK, TIF, TPX, UAL, UCO, V, VMW, WDC, ZION
Moving Below 30 DMA = 1
FAZ
Staying Below 30 DMA
CMG, HLF, HUM, GMCR, CHL, IL, SWKS, JDSU, LVS, NGLS, SLW, SWN, A, CIEN, CREE, DE, RCL, URE, ATI, CF, DOW, GES, KKD, LNKD, MOS, RVBD, SINA, CDE, CLF, FAS, MCP, POT, WLT, AKS, CAT, FWLT, PCX, JNPR, NTES, SOHU, ZAGG, TSL, BAC, VECO, LDK, HAL, ESI, FCX, GS, SLB, ANR, C, TBT, X

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