SPY Forms Potential MACD Bullish Divergence, Hammer at Support...NFLX Drops After Earnings...

.All nine sectors moved down on Monday, XLE, XLU and XLF were the strongest sectors.

Breadth weakened as decliners led advancers 2.82 to 1 on the NYSE and 3.15 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers         789              613

Decliners        2,230           1,931

SPY moved down $1.16 on 171.8 million shares.

NFLX posts first quarter smaller than expected loss, Q2 streaming subscriber guidance disappoints…stock down 16% in after-hours trading.

There are many Potential MACD histogram bullish divergences on charts today including: SPY, IBM, BAC, GS, JPM, WFC, C, FAS, JDSU, RCL, SINA, CIEN, VECO, VMW, SWI, CDE, CREE

Leading NDX 100 stocks included WCRX, AKAM, BMC, SNDK, ATVI, VRSN, GILD, STX, TEVA, GOOG

Lagging NDX stocks included FSLR, CHKP, NFLX, FAST, BIDU, ADSK, AVGO, GOLD, WYNN, EXPD

Leading stocks > +2% on Monday included GRPN, STI, FAZ

Losing stocks < -2.0% included LDK, TSL, LNKD, JDSU, MCP, SWKS, CIEN, TSLA, CHL, PCX, VMW, CDE, RCL, RVBD, VECO, SWI, CREE, SINA, X, ANF, INFA, FAS, AKS, V, SOHU, CSTR, GES, BAC, TPX, URE, JNPR

Stocks to Watch on Tuesday

Holding Above 30 DMA = 16

LNKD, CRM, ZAGG, TLT, UAL, CROX, URE, NKE, HLF, NTES, HUM, ANR, DECK, WDC, FAZ, SLB

Moving Above 30 DMA = 0

Moving Below 30 DMA = 8

CHL, CIEN, CMG, CSTR, DE, DLR, V, VMW

Staying Below 30 DMA

AKS, FCX, LVS, PCX, RCL, RVBD, ATI, CLF, CRUS, DHR, MCP, SWK, TPX, X, ZION, CREE, IBM, INF, JNPR, SMH, SWI, BAC, ESI, FAS, GLW, SOHU, STI, A, TBT, ANF, F, JDSU, SWKS, TSLA, C, GS, COH, TIF, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Down