Six of nine sectors moved higher on Tuesday. XLE, XLB, and XLI were
the strongest sectors.
Breadth
strengthened as
advancers led decliners 4.00 to 1 on
the NYSE and 2.68 to 1 on
the NASDAQ.
Exchange NYSE
NASDAQ
Advancers 2,377 1,767
Decliners 593 657
SPY gained 90 cents on light
half-day pre-holiday buying of 80.4 million shares closing above its 30 DMA
for the sixth consecutive day. The SPX moved
up +8.51 at 1,374.02.
The
Market Forecast green line is pointed up.
AAPL
up 6.89 at 599.41 on 8.6
million shares...
FB
up 42 cents at 31.20 on volume of 8.8
million shares...
GRPN
-0.72, -7.57%…
Chart Patterns
Breakout: JDSU, DIA, QQQ, COP, ADP,
CSTR, GMCR, ZAGG, NFLX, VRSN, TFM, MLNX, PCLN, GOOG, NVDA, LNG
Breakout
Continuation: SPY, AAPL, X, ALXN, VECO, SHLD, SPG, IWM, CTXS, FAS, MU, CIEN, CL,
KMB, DIS, VMI, FMC, FISV, LEN, URE, INTU, DE, LLTC, HSY, AMZN VMED,
APOL, MOS, POT, LLTC
Breakout
Setup: AKS,
ADSK, AKAM, AVGO, COF, SHW, MNST, EXPE, ALGN, MCHP, GOLD, AMAT, VMW, ALTR, MCP,
GLW, MTW,
Daily
Bull Flags Setups: COST, ESRX, TSLA, CRUS,
EBAY, ULTA
Technical Commentary:
The
SPY and RUT continued their up trend.
DIA and QQQ broke out to the upside following the typical pull back on Monday that
stayed above Friday’s mid-range. Stay with the trend and
watch for a potential pause or pull back in the many breakout
signals that occurred on Monday and Tuesday and give a second entry
opportunity.
Tuesday Highlights:
SPY
closes up +90 cents
The
Euro moved up 30 pips, closed at 1.2606
TNX
+0.51
VIX
dropped -0.14 at 16.66
XLF
up +9 cents at 14.81
81 of 100 NDX stocks closed higher on Tuesday…
Leading NDX 100stocks included NFLX, MU, GMCR, FLEX, FAST, ATVI,
GOLD, NUAN, SIRI, FFIV
Lagging NDX stocks included FOSL, RIMM, SBUX, CTRP, EXPE, ORLY,
CMCSA, ROST, BMC, ESRX
Leading stocks > +2% on Tuesday included PCX, UCO, LDK,
ANR, CDE, AKS, FCX, ATI, WDC, SLB, X, MCP, JDSU, CLF, INFA, CSTR, VECO, CHL,
RVBD, ESI, F, ZAGG, TPX, SWI, CROX, HLF
Losing stocks < -2.0% included GRPN, UAL
Stocks to Watch on Thursday
Holding
Above 30 DMA = 41
CRUS,
CIEN, ICE, GES, CSTR, BAC, DLR, HLF, URE,
LNKD, MOS, V, UAL, CHL, ESI, DE, FAS,
RCL, STI, ZION, AKS, JDSU, CREE, X, ANF, ATI, C, CLF, CRM, DHR, FCX, GLW, GS, IBM,
MCP, SLB, SMH, SWKS, TSL, VECO, ZAGG
Moving Above 30 DMA = 7
A, CDE, INFA, PCX, TSLA, UCO, WDC
Moving Below 30 DMA = 1
TLT
Staying
Below 30 DMA
SOHU, SWK, TBT, HUM, CMG, SINA, SWI, NTES, F, RVBD,
GRPN, FAZ, DECK, NKE, LDK, CREE, VMW, TIF, ANR, JNPR, CROX, LVS, TPX, COH
Four
Week Intermediate Term Market Trend:
Up
Short Term Market Trend: Up
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