Stocks Take A Pause...

Five of nine sectors moved higher on Monday…XLF, XLV, and XLU were the strongest sectors.

Breadth weakened as decliners led advancers 1.26 to 1 on the NYSE and 1.43 to 1 on the Nasdaq…

Exchange      NYSE    NASDAQ

Advancers     1,315       1,001

Decliners       1,657       1,432

Monday Highlights:

SPY gained 1 cent…closed at 142.98…volume was 78.2 million…

VIX down + .57 at 14.02…

Euro unchanged…

TNX down -.02 at 18.14…

TLT up .25 cents at 121.85…

XLF up +.04 cents at 15.17…

AAPL up +17.04 at 665.15…volume 21.9 million shares

FB up +.96 cents at 21.01… volume 101.1 million…

The Market Forecast green line is in upper zone.

Technical Commentary:

The SPY inched to an all-time high again closing at 142.19…

Short-term support at

140.92, 139.80 = SPY

1,403, 1,387 = ES

2,743, 2,700 = NQ

Chart Signals looks for the eleven week up trend to continue and the Euro continues to be an important factor.   Continue to have stops under support and if the SPY does break support protect profits.  The SPY did reach its 141.66 Fib extension 161.8 and the ES its 1,411 Fib extension 161.8 price targets this week. 

Next Chart Targets: 

SPY = 143.10 S&R Measuring

ES = 1,425.75 S&R Measuring

Setup Chart Patterns

Bull Flag: EXPE, ALTR, ESRX, GRMN, INTC, LRCX, MU, NVDA, RIMM, AKS, CLF, JNPR, SMH, VECO, X

Horizontal or Diagonal Breakout: ADSK, BRCM, CHKP, FFIV, FOSL, GMCR, GOLD, KLAC, NTAP, ATI, CIEN, COH, CREE, CROX, FCX, LVS, RAX, RCL, RVBD, SINA, SLB, SOHU, SWK, SWKS, VMW, ZION, ADP, ALTR, AMZN, AVGO, BBBY, BIDU, BMC, CA, CTXS, FAST, MSFT, SNDK, WFM, WYNN

                                    Monday:  C, AKS, UAL, TSL

Break of Support:  Monday:  VECO, NWSA, AVGO

GAP UP:                    Monday:  LVS

GAP DOWN:             Monday: ZAGG

Bounce:

Friday - ADSK, CIEN

Thursday – BRCM, CHKP, FFIV, FOSL, GMCR, GOLD, KLAC, NTAP, ATI, CLF, COH, CREE, CRM, CROX, FAS, FCX, IBM, ICE, LVS, MOS, RAX, RCL, RVBD, SLB, SOHU, SWK, SWKS, URE, VMW, WDC, AVGO,

22 of 100 NDX stocks closed higher on Monday…

Leading NDX 100 stocks included: FSLR, DELL, AAPL, CELG, GRMN, EXPE, WCRX, MYL, NFLX, WYNN, TEVA, CHRW, CA, KFT

Lagging NDX stocks included:  SHLD, ADSK, GMCR, AVGO, BIDU, CERN, FFIV, ORLY CTXS, STX, RIMM, FOSL, EA, PCAR, FAST

Leading stocks > +2% on Monday included: LDK, UAL, FB, AKS, LVS, C

Lagging stocks < -2.0% included:  ZAGG, VECO, CROX, JDSU, SWK, COH, SWI, TPX, GRPN, INFA

Stocks to Watch on Tuesday…

Holding Above 30 DMA = 50

MOS, SLB, WDC, UCO, TPX, SWK, GS, JNPR, RVBD, SWI, CIEN, CROX, DHR, HLF, IBM SMH, SWKS, V, VECO, CRUS, X, CREE, C, FAS, FCX, GES, JDSU, NKE, RCL, STI, TBT, TIF, VMW, ATI, BAC, CDE, CRM, SINA, SOHU, F, AKS, DECK, ZION, ANF, INFA, COH, ICE, LVS, URE, GLW

Moving Above 30 DMA = 1

DE

Moving Below 30 DMA = 2

COH, VECO

Staying Below 30 DMA

LNKD, TSLA, A, CHL, NTES, DE, GRPN, ANR, CLF, DLR, TLT, ZAGG, FAZ, CMG, ESI, UAL, FB, CSTR, LDK, MCP, TSL, HUM

Eleven Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up