The
SPY pulled back after the
Euro fell. TNX interest rates
rose 0.33, financial stocks rose and bonds moved lower. The SPX closed at 1,316.63 above its 1,300
support area.
Five of nine sectors moved higher on Tuesday. XLF, XLU, and XLY were the strongest
sectors.
Breadth
weakened as advancers led decliners 1.07 to 1 on the NYSE and decliners led 1.73 to 1 on the NASDAQ.
Exchange
NYSE NASDAQ
Advancers 1,560 923
Decliners 1,457
1,604
SPY moved
up 23 cents on
197.5 million shares…and was down 49 cents in after-hours trading…
AAPL
was volatile ranging from a high of 573.88 to a low of 552.58 closing down -4.31 at
556.97 on 24.8 million shares...
DELL -1.92, -12.73% after-hours trading following earnings and weak
guidance…
FB -3.03 at
31.00 on 101.8 million shares.....
GRPN -44 cents,
-3.55% in bull flag following
reversal pattern…
C Pattern Continuation: SHLD, ALXN
C Pattern Entry: SIAL, ZAGG
C Pattern Setup: CRM, SWKS, DHR, V, A, GOOG, AAPL,
SRCL, INTU, DLTR, CTXS, CMCSA, VRTX, WFM
Bounce: CRUS, CRM, MNST, BBBY, CERN, CTXS,
ROST
Daily/Weekly Bull Flags: GRPN, CRUS, SWI, CRM, VECO, MNST, BIIB, BMC, NWSA, ORLY, VRSN, WCRX
MACD Histogram Bullish Divergence: RVBD, CIEN, MCP,CROX, SOHU, VMW, TPX, JDSU, MOS,
INFA, F, BIDU, NFLX, QCOM, NNVDA, SBUX, SHLD, VMED, PNRA, MSF, MRVL, MCHP,
INTU, INFY, GOLD, FISV, EXPD, CTRP, CHKP, CELG, ADBE, AKAM, ALTR, ALXN,
Technical Commentary:
The
SPY moved higher and reversed after the Euro sold off towards support. The SPY did stay above the S1 level of Monday’s
large whit candle.
Monday Highlights:
SPY
closes up 23 cents
The
Euro fell 128 pips, closed 1.2679
TNX
+0.58
VIX
moved higher +0.47, below 25 at 22.48
XLF
closed up 11 cents
This Week:
Bounce
in TNX
interest rates even after the Euro started to sell off and move towards
support. If the Euro breaks support,
look for rates to roll over on a strengthening dollar and for XLF and
the SPY to pull back towards support.
ES
bullish
engulfing close 1,315, horizontal support 1,290, 1,262
Euro
1.2807, horizontal support 1.2622
TNX
near 9 month low of 17.35
50 of 100 NDX stocks closed higher on Tuesday…
Leading NDX 100
stocks included GMCR, ALXN, VOD, FAST, SPLS,ADSK, VRTX, FOSL, ROST, WFM
Lagging NDX stocks included
NFLX, STX, RIMM, GOLD, GOOG, BIDU, MRVL, ALTR, YHOO, FLEX
Leading stocks > +2% on Tuesday included TSLA, LNKD, CRUS, C, LDK, FAS, BAC, TBT,
CROX
Losing stocks < -2.0% included PCX, FB, TSL, CREE, MCP,
WDC, ANR, UCO, GRPN, SINA, ESI, VECO, ANF, AKS, CDE, FAZ, HLF, CLF
Stocks to Watch on Wednesday
Holding
Above 30 DMA = 8
TLT,
CRUS, SWI, VECO, FAZ, NTES, GRPN, ZAGG
Moving Above 30 DMA = 2
Moving Below 30 DMA = 0
Staying
Below 30 DMA
LNKD,
UAL, CHL, LDK, URE, CREE, TSL, STI, WDC, DLR, NKE, ANF, ATI, CRM, CSTR, DE,
GLW, IBM, SLB, VMW, CMG, DHR, ESI, FAS, FCX, SMH, SWKS, TIF, UCO, V, AKS, ANR,
JNPR, X, HLF, SOHU, DECK, HUM, CROX, LVS, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK,
TPX, ZION, INFA, BAC, A, TBT, F, JDSU, C, GS, TSLA, COH, MOS, ICE, SINA, GES,
CDE
Eight
Week Intermediate Term Market Trend:
Down
Short Term Market Trend: Neutral
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