AAPL Up, FB Down...Financials Lead as SPY Closes Near High...

Three of nine sectors moved higher on Monday and one remained unchanged… XLF, XLU and XLK were the strongest sectors….   XLE was the weakest sector. 

Breadth weakened but with decliners leading advancers…1.22 to 1 on the NYSE and 1.04 to 1 on the NASDAQ…

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – weakened, advancers led

Tuesday – strengthened, advancers led

SPY down 3 cents at 151.77...volume 73.7 million shares…

VIX down .08 at 12.94…
TNX down .08 at 19.46…

TLT down 9 cents at 117.03…
XLF up 8 cents at 17.68…volume 28.4 million shares

AAPL up 4.95 at 479.93…volume 18.4 million shares…i

FB down 28 cents at`28.26…on volume of 37.3 million shares…

Look for stocks that have reported good earnings and are in an uptrend. 

Earnings Commentary:

With earnings season winding down notable movers have included:

Positive – ATVI, AOL, HUM, CMG, ZNGA, NTES, ORLY, TSO, TWX, HAS, LNKD, MCHP, OPEN, PM, ZION, AMZN, BA, CTXS, EA, JDSU, QCOM, SWKS, AET, MO, CTRP, UA, VIAB, WHR, MAT, PRGO, GE, SLB, STT, GOOG, NFLX, EBAY, GS, CREE, TPX, MJN, FFIV, TSCO, DV, PTEN, CBG, TW, CNW, AAP, ESI, RL

Negative – MCO, BIDU, RCL, SWI, CME, AKAM, CSTR, NUAN, RVBD, BMC, VMW, STX, BRCM, BTU, PHM, MRK, AAPL

Technical Commentary:

The SPY fell 3 cents forming a doji following its twelve day sideways consolidation.  QQQ +0.03%, SPY -0.02%, IWM -0.11%, DIA -0.15% near recent high.

AAPL shares moved up 4.95 continuing its break above the recent resistance of its consolidation/basing pattern.    FB moved down 28 cents in a six-day sideways consolidation.

The Euro closed up 42 pips to close at 1.3404 still in a higher low bull flag pattern.

Trade what you see on the chart of your position. Stay with the uptrend according to your rules.  If the stock begins to rollover protect your profits then look potential re-entry according to your rules.

Disk storage stocks WDC +0.23% and STX -1.21% were mixed.

Coal stocks CNX, WLT, ACI and ANR where higher while JRCC and BTU were lower on Monday.

The Market Forecast Green Line is in the upper reversal zone. 

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Setups

Breakout: PM, ZION, DNDN, TEX, FIVE, C, SHLD, LVLT, QCOM, MJN, RSH, MGM, GES, AVX, BPOP, NFLX,

Diagonal Breakout:  BBRY, SWK, LSI, SBAC, CLF, NUS,

Bull Flag: JNPR, FFIV, ESI, CHK, CRM, XRX, QCOM, CTXS, WMS,TIF, PMCS, CRR, VIAB, MOS, LIFE, RCL, MBI, AGO, WYN, FTNT, SINA

Gap Up:

Gap Down:

Moves

Gap Up: 

Gap Down: 

Breakout: PRGO, STRZA, DECK, ATI, STI, GS, ZNGA, JDSU

 

Bounce:  SPWR, MON, DE, SWKS, LNKD, ATVI, AOL, MCHP, MCO, CSTR, ADI, GME, LVS, HES, FAST, CERN, RS, COST, CLB, ATML, ORLY, NTES, PTEN, CBG, TW, CNW, AAP, RL, CTSH, PBI, MTW, GCI, PCLN, RMD, TSCO, AKAM, CPA, TDC,

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36 of 100 NDX stocks closed higher on Monday and…two remained the same…

Leading NDX 100 stocks included:  STRZA, FOSL, PRGO, REGN, MU, YHOO, SPLS, WFM, MNST, ATVI, SHLD, MSFT

Lagging NDX stocks included:  GOLD, NUAN, CTSH, WYNN, AMZN, TXN, SIAL, FFIV, AMGN, ALXN, EXPE, ISRG, ESRX,

Leading stocks> +2% on Monday included: ZAGG, TSL, LNKD, LDK, AKS, ESI, UCO

Lagging stocks < -2.0% included:  GMCR, VMW, RVBD, TSLA

Stocks to Watch on Tuesday…

Holding Above 30 DMA = 77
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, FFIV, COST, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, VRSK, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, GILD, HSIC, LIFE, PCLN, MDLZ, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, DTV, ESRX, YHOO, CTSH, LBTYA, ALTR, DLTR, NVDA, ORCL, EQIX,

Moving Above 30 DMA = 0                                  

Moving Below 30 DMA = 4

AMGN, CMCSA, SIAL, VRTX

Staying Below 30 DMA

NUAN, CTRX, AKAM, GOLD, INTU, AMZN, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB, SBAC, BRCM, REGN, GRMN, MNST, AAPL

Eleven Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up