Tuesday, September 18, 2012

Stocks End Day Slightly Off... AAPL Sets Record As Highest Close Ever...



Four of nine sectors moved higher on Tuesday…XLP, XLV and XLK were the strongest sectors. 

Breadth strengthened on Tuesday as decliners lead advancers 1.25 to 1 on the NYSE and 1.02 to 1 on the NASDAQ… 

Exchange      NYSE    NASDAQ 
Advancers    1,329       1,229
Decliners       1,670      1,262

SPY down .12 cents at 146.62...volume 98 million shares 

VIX down - .41 at 14.18
Euro
TNX down .26 at 18.12
TLT up .60 at 120.32…
XLF down .08 cents at 16.05…
Gold down 2 at 1,769
Oil up 25 cents at 95/54

AAPL up 2.13 at 701.91volume 13.3 million shares
FB up .48 cents at 21.87… volume 36.7 million shares…


The Market Forecast green line is in the upper zone.

Technical Commentary:

AAPL closing over $700 first time ever…


Be mindful that most stocks in our lists have already bounced or broken out of resistance and that profits should be protected according to your rules.
 

New Chart Targets:
SPY = 147.88 2.61 Fib 
ES = 1,466.00 2.61 Fib on ESZ2 
Eur/Usd = 1.3095 1.60 Fib, 1.3345 S&R Measuring.


Short-term support at
144.39, 143.09 = SPY
1,438.75, 1,421.50 = ES
2,802.50, 2,775, 2,750 = NQ



Setups:

Breakout:  Monday:  LIFE, FFIV; Tuesday:  KFT

Break in Support:  Monday:  BA; Tuesday:  FLEX, ROST, DECK, COH, MOS,

Gap Down:  Monday:  SBUX; Tuesday:   BBBY

Flag:  Monday:  APOL, LRCX


39 of 100 NDX stocks closed higher on Tuesday…


Leading NDX 100 stocks included: FFIV, APOL BRCM, RIMM, WCRX, KFT, SIRI, MRVL, GILD, YHOO, ALXN, GOOG, VOD, BIIB, ORLY, TEVA, VMED, NVDA

Lagging NDX stocks included: BBBY, GMCR, ADBE FLEX, ROST, AMAT, KLAC, FOSL, NFLX, SHLD, MNST, FAST, EA, DTV, MU, LINTA

Leading stocks > +2% on Tuesday included: LDK, MCP, ESI, CLF

Lagging stocks < -2.0% included: DECK, TSLA, COH, TPX, X ANR, UAL, JNPR, ATI
Stocks to Watch on Wednesday…

Holding Above 30 DMA = 58 
UCO, TPX, GS, RVBD, SWI, CROX, CRUS, CREE, C, FAS, FCX, JDSU, NKE, RCL, STI, TIF, BAC, CDE, CRM, SINA, SOHU, F, ZION, ANF, INFA, ICE, LVS, LNKD, HUM, URE, COH, GLW, CSTR, MOS, UAL, CMG, DE, DHR, ESI, IBM, SWK, TBT, VMW, AKS, ANR, ATI, VECO,
CLF, JNPR, MCP, SLB, V, X, FB, ZAGG, A, HLF, TSLA, NKE, DECK

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4
DECK, HLF, CSTR, UCO

Staying Below 30 DMA 
X, AKS, DLR, GRPN, WDC, CIEN, TSL, GES, CHL, NTES, FAZ, LDK


Fifteen Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up

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