Trading SPX, Interest Rates, XLF, AAPL Move Higher...

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Five of nine sectors moved higher on Monday.  XLK, XLB and XLY were the strongest sectors.

Breadth strengthened as advancers led decliners 1.70 to 1 on the NYSE and 1.84 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,884          1,659

Decliners         1,105             901

The SPY moved up 55 cents on volume of 125.2 million shares.

AAPL +15.53, +2.65% closed at $601.10 on 32.1 million shares after announcement of $2.65 quarterly dividend and $10 billion stock buyback.

 

Money Flow was typical on Monday as the Euro, TNX, XLF and SPX moved higher.  Bonds TLT moved lower.  The VIX moved higher and did not confirm the SPX move on Monday.

The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18.

For Tuesday...

Flag Setups: CHL, VECO, PCS, CRM, ANF, VMW, CSTR, TIF, WYN

Breakout Setups: NFLX, BRCM, X, SOHU, NTAP, CIEN, JDSU, JNPR, SMH, ATI,

Leading stocks > +2% on Monday included X, AKS, CREE, LVS, IL, UAL, NTES, NGLS, TBT, MCP, SWKS, KKD

Losing stocks < -2.0% included LDK, TSL, BAC

NDX 100 stocks stronger than the NDX included NFLX, FOSL, PCLN, AAPL, BRCM, QCOM, ADBE, WYNN, EXPE and APOL.

Stocks weaker than the NDX include SHLD, VRTX, MU, ESRX, CTRP, EA, FSLR, MSFT, INFY and STX.

Three NDX stocks AMGN, BIDU and RIMM closed above the 30 DMA and two EA and SRCL moved below making 81 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 59

CMG, NKE, CRUS, SWKS, NGLS, CHL, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, TSLA, V, ICE, TIF, UCO, DLR, SNDK, SINA, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, A, ARUN, DOW, JDSU, NDAQ, SMH, STI, CLF, X, CAT, CIEN, CREE, RCL, UNP, AKS, CF, MOS, POT, SOHU, SWN

Moving Above 30 DMA = 4

ATI, F, KKD, ZAGG

Moving Below 30 DMA = 1

POT

Staying Below 30 DMA

GES, WDC, PCS, FAZ, TLT, RVBD, CROX, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, TSL, HUM, UAL, WLT, DE, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up.