Trading on SPX Rallies From Lower Open...PCLN Gaps Up 38 After-hours...

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Six of nine sectors moved higher on Monday.  XLF, XLY and XLV were the strongest sectors.

On Monday the SPX, NDX and COMPQ each made a New Bull Market High Close.  The INDU and RUT closed slightly lower.

AAPL and PCLN rose as AMZN, BIDU, GOOG, NFLX and QCOM moved lower.   PCLN gapped up $38 in after hours trading following positive earnings.

Money Flow

Euro     -54 pips  1.3393

TNX     -0.55         19.22

TLT     +1.04       118.54

XLF     +0.11        14.78

SPX    +1.85    1,367.59

VIX      +0.88        18.19

SPX +0.14%

NDX +0.10%

COMPQ +0.08%

INDU -0.01%

RUT -0.03%

Money Flow was slightly atypical as the Euro and TNX moved lower.  The SPX, XLF and bonds TLT moved higher.  The VIX also moved higher.  The most recent SPX breakout has an intermediate term chart target of 1,428 within 12 weeks of the breakout.

The VIX did not confirm the SPX move on Monday.

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Breadth weakened as advancers led decliners 1.00 to 1 on the NYSE and decliners led 1.19 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,497          1,142

Decliners         1,487          1,368

The Euro pulled back on Monday pausing before its 1.3534 chart target from its Jan 24 horizontal resistance breakout.  This breakout chart target also aligns with old resistance from Dec 1.

Support bounce entries on Monday included MU, AKAM, IL, ARUN, ZAGG, STI, COH, XRAY, FAS

Bull Flag Setups to watch on Tuesday – CREE, JDSU, GES, GRMN, ESI, MTW, NVDA, CIEN, NFLX, RCL, GMCR, ENTR, BAC, ADSK VRSN, SBUX, INTU, FLEX, INTC

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 Leading stocks > +2% on Monday included LDK, IL, ARUN, ZAGG, CF, SWKS, SINA, STI, NTES, FAS, BAC

Losing stocks < -2.0% included KKD, UCO, ANR, MCP, VECO, PCX, DECK, ESI, WDC, CREE, FAZ, NVDA

NDX 100 stocks stronger than the NDX included MU, CTRP, NUAN, AVGO, LINTA, MNST, FSLR, SIRI, XRAY and ESRX.

Stocks weaker than the NDX include STX, RIMM, NVDA, NFLX, FLEX, ATVI, INFY, SRCL, APOL and WYNN.

One NDX stock CTRP closed above the 30 DMA and SBUX closed below the 30 DMA leaving 74 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 64

WDC, CMG, DOW, ENTR, FAS, SWK, NKE, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, STI, A, C, CAT, TPX, ESI, KKD, CREE, GS, HLF, LNKD, LVS, SLW, CSTR, VECO, COH, CRM, FFIV, SLB, INFA, NTES, NVDA, SWI, VMW, IBM, ZAGG, TSLA, LDK, GES, JNPR, V, ICE, ZION, NDAQ, TIF, RVBD, SWN, UCO, ANF, CDE, DHR, MOS, POT, HAL, DLR, SNDK, URE, UNP

Moving Above 30 DMA = 3

ARUN, IL, TLT

Moving Below 30 DMA = 2

CIEN, GLW

Staying Below 30 DMA

CROX, DECK, MCP, TBT, TSL, F, HUM, RCL, SINA, UAL, WLT, DE, CLF, FCX, X, GRPN, ANR, PCX, SOHU, AKS, ATI, FAZ

Four Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up