Tuesday, May 1, 2012

DJI Rallies to Close 13,279...Highest Close Since Late 2007...

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All six sectors moved up on Tuesday, XLE and XLF, and XLY were the strongest sectors.

Breadth strengthened as advancers led decliners 1.85 to 1 on the NYSE while decliners lead advancers 1.12 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ
Advancers      1,960          1,184
Decliners        1,059          1,333  

SPY moved up 87 cents…

DJI rallied up 65.69 to close at 13,279.32…Highest  Close since late 2007…

Bounce: HUM, PCX, MCP, DECK, BAC

Bounce Continuation: ANF, WDC, FAS, TSL, RCL, INFA, AKS, SINA, UCO, ATI, A, URE


Leading NDX 100 stocks included SHLD, NTAP, STX, ADSK, AKAM, MNST, FOSL, CERN, GMCR, CTXS

Lagging NDX stocks included RIMM, CTRP, XLNX, EXPE, GOLD, MXIM, BIIB, SPLS, COST, XRAY

Leading stocks  +2% on Tuesday included ANF, HUM, PCX, MCP, WDC, FAS, TSL, DECK

Losing stocks  -2.0% included HLF, FAZ, ZAGG, LDK, SOHU, CRUS, LNKD, ICE

Stocks to Watch on Wednesday

Holding Above 30 DMA = 28
TLT, UAL, URE, ANR, NTS, SLB, CHL, DE, DLR, STI, ATI, GLW, LNKD, V, ZAGG, ANF, CREE, CRM, CRUS, ESI, IBM, NKE, SWI, VMW, FCX, SWKS, TSL, VECO

Moving Above 30 DMA = 8
AKS, CSTR, DHR, FAS, JNPR, TIF, UCO, X

Moving Below 30 DMA = 1
HLF

Staying Below 30 DMA
SOHO, 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

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