Stocks Moderately Down...AAPL Closes At Highest Price Ever...

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

Breadth weakened on Monday as decliners lead advancers 2.21 to 1 on the NYSE and 1.60 to 1 on the NASDAQ… 

Exchange      NYSE    NASDAQ 

Advancers       929         933

Decliners       2,058      1,502

SPY down .50 cents at 146.74...volume 119.4 million shares 
VIX up +.08 at 14.59…

Euro down 10 pips 1.3103…

TNX down .32 at 18.38…

TLT up 1.42 at 119.72…

XLF up 13 cents at 16.28…

Gold down 12 at 1,759…

Oil up 37 cents at 96.97…

AAPL up 8.50 at 699.80…volume 14 million shares …

FB down .48 cents at 21.52… volume 50.6 million shares…

The Market Forecast green line is in the upper zone.

Technical Commentary:

AAPL closed at its highest ever closing at 699.78….

Breakout:  LIFE, FFIV

Break in Support:  BA

Gap Down:  SBUX

Flag:  APOL, LRCX

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:

28 of 100 NDX stocks closed higher on Monday…

Leading NDX 100 stocks included: GILD, ISRG, LIFE, PNRA, AAPL, ALXN, EBAY,PCLN, AMGN GOLD, SRCL FFIV, CELF, AVGO, SHLD

Lagging NDX stocks included: NFLX, FSLR, RIMM, SIRI, CTSH, NVDA, LINTA, STX, MRVL, SPLS, BIDU, EA, MU, FOSL, MXIM, TEVA EXPD CSCO, FLEX, VRSN

Leading stocks > +2% on Friday included: TSLA, CMG, FAZ, ZAGG

Lagging stocks < -2.0% included: GRPN, CLF, UCO, AKS, ANR, X, VECO, ATI, WDC, TPX, ESI, LDK, INFA, CIEN, FCX, NTES, FAS, SINA, BAC STI, ANF, HLF, FB, RCL, CSTR, C, SWKS, SOHU

Stocks to Watch on Tuesday…

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, DECK

Moving Above 30 DMA = 1
NKE

Moving Below 30 DMA = 6

AKS, DLR, GRPN, SMH, SWKS, X

Staying Below 30 DMA 
WDC, CIEN, TSL, GES, CHL, NTES, FAZ, LDK

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