AAPL Slips Below $600...Spy Down 52 Cents...BKS Jumps 51% on MSFT Deal...

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Two sectors moved up on Monday, XLE and XLU were the strongest sectors.

Breadth weakened as declines led advancers 1.55 to 1 on the NYSE and 1.96 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      1,181             854

Decliners        1,841          1,679  

SPY moved down 52 cents…

AAPL slips below $600…closing at $583.98...

BKS – Barnes & Nobles jumps $7.07 or 51% on Monday on Microsoft deal…

Bounce Continuation: TSL, ICE, CDE

Bullish Divergence Bounce Continuation: VECO, SWI, SMH, DHR, SPY, IBM, RF, GLW, COH, ZION, ATI, GS

Bounce Pause: VMW, CCL, CDE, SINA, RCL, FAS,   X, JDSU, CREE, WFC, XLF, JPM, BAC, GES, LDK, ANR, CLF

Bounce Pullback: SOHU, PCX, GRPN, C

Leading NDX 100 stocks included WCRX, EXPE, STX, CERN, AMZN, SIRI, RIMM, GMCR, CHRW, CSCO

Lagging NDX stocks included NFLX, AAPL, GOLD, SPLS, AKAM, PCAR, MYL, GOOG, NUAN, FFIV

Leading stocks > +2% on Friday included LDK, ZAGG, WDC, TSL, AKS

Losing stocks < -2.0% included GRPN, HUM, SOHU, RVBD, JDSU, MCP, SWKS, F, RCL, STI

Stocks to Watch on Tuesday

Holding Above 30 DMA = 29

TLT, UAL, URE, ANR, NTES, SLB, CHL, DE, DLR, STI, ATI, GLW, HLF, LNKD, V, ZAGG, ANF, CREE, CRM, CRUS, ESI, IBM, NKE, SWI, VMW, FCX, SWKS, TSL, VECO

Moving Above 30 DMA = 0

Moving Below 30 DMA = 5

CSTR, DHR, FAS, SOHU, TIF

Staying Below 30 DMA

DECK, HUM, WDC, CROX, LVS, FAZ, JNPR, CIEN, CMG, AKS, FCX, PCX, RCL, RVBD, CLF, DHR, MCP, SWK, TPX, X, ZION, INFA, SMH, BAC, A, TBT, F, JDSU, SWKS, TSLA, C, GS, COH, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up