SPY, Sectors, Stocks Confirm MACD Histogram Bullish Divergence as VIX Falls...

Eight of nine sectors moved higher on Tuesday. XLF, XLB, and XLE were the strongest sectors.

Breadth strengthened as advancers led decliners 2.33 to 1 on the NYSE and 1.94 to 1 on the NASDAQ.

Exchange   NYSE   NASDAQ

Advancers   2,213     1,645
Decliners        947        847

SPY moved up 97 cents on 163.7 million shares and formed a bullish engulfing pattern and confirmed its MACD histogram bullish divergence. The SPX closed up +7.32 at 1,285.50 below resistance at 1,292.

AAPL was down -1.46 at 564.29 on 13.9 million shares...

FB -1.03 cents at 25.87 on 42.4 million shares a new low.....

GRPN +84 cents, +9.33%…

C Pattern Continuation: SWKS, COST, SRCL

C Pattern Reversal: AVGO

C Pattern Entry:

C Pattern Setup: AVGO, CSTR, FISV, SBUX, GOOG, INTU, CMCSA, SHLD, V, DHR, A, SIAL, CMG, AAPL

Breakout:

Breakout Setup: MNST

Bounce: ROST, CRUS, WFM, ALXN

Daily/Weekly Bull Flags: BBBY, DLTR,

MACD Histogram Bullish Divergence: ALTR, CTXS, RVBD, MCP, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, VMED, PNRA, MSFT, MRVL, MCHP, GOLD, EXPD, CHKP, AKAM, CROX, ORLY, VRSN, CRM, ZAGG, TSLA

Technical Commentary:

The SPY, DIA, QQQ, IWM, XLF, XLK, XLY, XLV, XLB, XLE MCP, RVBD, LVS, ICE, INFA, FAS, VECO, SHOU, C and URE formed bullish engulfing patterns and confirmed their MACD Histogram bullish divergence. The short-term trend shifted from down to Neutral.

Tuesday Highlights:

SPY closes up 97 cents

The Euro fell 43 pips, closed 1.2452
TNX+0.29
VIX fell -1.44, below 25 at 24.67
XLF closed up 22 cents

74 of 100 NDX stocks closed higher on Tuesday…

Leading NDX 100stocks included SNDK, NTAP, MU, WCRX, LRCX, NUAN, FFIV, RIMM, FSLR, AVGO

Lagging NDX stocks included FAST, AKAM, SBUX, GMCR, GILD, GOOG, DLTR, CELG, AMZN, DTV

Leading stocks > +2% on Tuesday included GRPN, MCP, RVBD, LVS, ICE, INFA, TSL, FAS, CIEN, VECO, CRUS, SOHU, C, URE, LDK, GES, SWKS, UAL, JDSU, CLF, BAC, ATI, VMW, CREE, TBT, CROX, SINA, TPX, CSTR, LNKD

Losing stocks < -2.0% included PCX, FAZ, FB

Stocks to Watch on Wednesday

HoldingAbove 30 DMA = 5
TLT, FAZ, NTES, CRUS, SWKS

Moving Above 30 DMA = 4

CIEN, ICE, UAL, VECO

Moving Below 30 DMA = 0

StayingBelow 30 DMA

CMG, SWI, A, CSTR, DECK, DHR, GRPN, NKE, TSLA, V, ZAGG, CRM, LDK, LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, ANF, ATI, DE, GLW, IBM, SLB, VMW, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, TBT, F, JDSU, C, GS, COH, MOS, SINA, GES, CDE

Eight Week Intermediate Term Market Trend:Down

Short Term Market Trend: Neutral