Stocks Stay In Positive Territory...

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

Breadth strengthened on Monday as advancers led decliners 1.61 to 1 on the NYSE and 1.30 to 1 on the NASDAQ… 

Exchange     NYSE    NASDAQ
Advancers    1,870      1,395
Decliners      1,156      1,073

SPY up 38 cents at 144.34...volume 135.9 million shares

VIX up 59 at 16.32…

TNX down 12 cents at 16.25…
TLT up 46 cents at 124.42…
XLF up 7 cents at 15.66…

AAPL down -7.72 at 659.39…volume 19.4 million shares …

FB up 33 cents at 21.99… volume 51.2 million shares…

The Market Forecast green line is pointed down out of the upper zone.

Technical Commentary:  SPY opened higher and faded as the Euro pulled back.  The VIX rose slightly as the Euro and SPY continue in their bull flag pattern.

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
143.09, 142.33 = SPY
1,424, 1,417.50 = ES
2,775, 2,762.25, 2,750 = NQ

Setups:

Bull Flag: IWM, XLF, BAC, C, WFC, MS, STI, ZION, ANR, CLF, CMG, MCP, SOHU, SWK, TBT, TIF, BTU, WLT, JRCC, ACI, FFIV, QCOM, SHLD, PHM, EXPE, PCLN, JDSU, SINA, VMW, CRM, FCX

At Support: F, SWI, LNKD, XLNX, MCHP, EA, NTAP, ICE, SOHU, AKS, GES, ATVI, CREE, TPX, MXIM, INTC, SLB, WDC, ATVI, EXPD, CIEN

Gap Up:  GS, TRW, TWTC, UPL

Resistance BO:  CDE, GRMN, LVS, WYNN, CTSH, DE, DHR, HUM, UCO, V, FAST, LIFE, MNST, M MXIM, ORLY, ALXN

Bounce: IBM, INFY, GOLD, KFT, GS, FAS, ATI, JPM, VRTX, PNRA, UAL, ISRG, ORCL, ALXN, CTSH, A, V, DHR, SRCL, SIAL, ROST, KFT, BMC, FAST, SIAL

Break Support: CA

 

52 of 100 NDX stocks closed higher on Monday…

Leading NDX 100 stocks included:  RIMM, FAST, BMC, GOLD, NFLX, KFT, ROST, LLTC, MXIM, CTSH

Lagging NDX stocks included: BIDU, MU, CHKP, STX, EA, GMCR, PAYX, NVDA, EXPE, ATVI

Leading stocks > +2% on Monday included: HLF, ZAGG, TPX, GS

Lagging stocks < -2.0% included: MCP, JDSU, INFA, VMW, CIEN, LDK, SWKS, COH, SWI, CRUS, LNKD

Stocks to Watch on Tuesday…

Holding Above 30 DMA = 30

GS, RVBD, C, FAS, FCX, RCL, STI, BAC, CDE, SINA, ZION, LVS, LNKD, HUM, GLW, CMG, DE, DHR, IBM, SWK, V, FB, A, CHL, GRPN, NTES, TLT, CRM, UAL, ZAGG

Moving Above 30 DMA =3

 ATI, F, HLF

Moving Below 30 DMA =7

INFA, JDSU, SOHU, TIF, TSL, TSLA, VMW

Staying Below 30 DMA

CLF, MCP, SWI, ANR, ESI, ICE, MOS, SLB, TBT, ANF, CREE, CRUS, JNPR, URE, COH, CROX, NKE, TPX, VECO, CSTR, DECK, UCO, AKS, DLR, SMH, SWKS, X, WDC, CIEN, GES, FAZ, LDK

Fifteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral