SPY, DIA Makes New High Close as AAPL Cools Off...

All nine sectors moved higher on Tuesday…XLV, XLE and XLU were the strongest sectors …XLY was the weakest sector…. 

Breadth strengthened…advancers led decliners…2.23 to 1 on the NYSE and 1.40 to 1 on the NASDAQ…

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

SPY up 1.24 at 156.19...volume 86.8 million shares…

VIX down .97 at 12.77…
TNX down .09 at 19.06…

TLT up 14 cents at 117.36…
XLF up 11 cents at 18.24 volume 48.6 million shares

AAPL down -2.44 at 461.13…volume 10.5 million shares…

FB up 7 cents at`25.20…volume 26.9 million shares…

Technical Commentary:

SPY +0.80% led IWM + 0.32%, QQQ +0.54% and DIA +0.74% on Tuesday as SPY and DIA each made a new high close. 

AAPL -2.44 closed lower and above its 30 DMA for the seventh straight day and formed a bearish engulfing candle.  FB  +7 cents formed an inverted hammer and closed below its Fib 50% retracement level from its Nov 12 low… is still a setup for a potential C Pattern Entry after a support bounce. 

The Euro was up 5 pips and closed at 1.2852 on Tuesday.  A new bailout agreement was announced on Monday. 

Trade what you see on the chart of your position. The trend is up and traders should lock in profits when targets are reached. As always look for re-entry according to your rules.

The SPY moved higher as TNX was slightly lower and TLT Bonds closed slightly higher.

The Market Forecast Green Line is again pointed up in the upper zone. 

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Setups

Breakout:  ANGI, ILMN, DISH, DISCA, ICE, LBTYA, FTI, SPLK, FL, NTES, SLM, AL, ADM

Diagonal Breakout: AOL, CBOE, CLB, MGM, BTU, HLF, GNC

Bull Flag: IBM, CHK, MWV, MOS, CNW, CRR, CBS, PTEN, CIE, NAV, AVGO, VIAB, MBI, CIEN, ZION,  ZNGA, DWA, VMW, URI, PMCS, FTNT, PLCM, ANR, URI, BBRY, CHTR, ALXN, APOL,  

Potential Bullish Divergence: CCL, MCP, FB, SLB, CCL, IPI

Bear Flag: KLAC, RCL, RAX, CLF, DDD, CCL, TFM, DSW, QCOM, ULTA, MJN, HSP

Break of Support:  WLT, KORS, JOY, A, GRMN, AGU, FB, HRS, IPI, AKAM

Moves

Highlights: NFLX, NTES, TPX, CREE, SSYS, ANGI, Z, BBRY

Gap Up:  APOL, NKE, MU, AWAY, WSM, WAG

Gap Down: TIBX, TECD, ARG, ORCL, GES, DE, CAH, FDS

Breakout: LVS, HRB, VECO, YHOO, DLTR, MAT, VRTX, AMGN, CMCSA, FAST, BBRY, NUAN, DECK, SPWR, Z, TPX, COG, TEX, CORN, UNG, MTW,  MDRX, WPO,  SNDK, PBI, PRGO, STRZA, SHLD, TRIP, OGE,

 

Bounce: NFLX, MON, WDC, NUS, EOG, RMD, TXN, P, CBG, HES, INTU, CMP, ILMN, AVP, RCL, RAX, NVR, ABC, GILD, CRM, CSTR, LNKD, GOOG, SBUX, XRX, MSFT

MACD Divergence Bounce:  WLT, CCL, RHT, SINA, ROST, EBAY

Bear Flag: SINA, EBAY, GTI, DKS, JCP, CPRT, DDS, BTU, CTL

Support Break: MCP, EXPD, CTSH, JDSU, JRCC, FFIV

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80 of 100 NDX stocks closed higher and one was unchanged on Tuesday…

Leading NDX 100 stocks included:  STX, LBTYA, WDC, INTC, DLTR, ADI, WYNN, DTV, AKAM, VMED

Lagging NDX stocks included:  CHKP, ALXN, SHLD, MYL, CMCSA, AAPL, EXPE, PRGO, GRMN, LINTA

Leading stocks> +2% on Tuesday included: NFLX, LVS, UCO, WDC, UNG, TSL, V

Lagging stocks < -2.0% included:  MCP, FIVE, LDK, ANR, SINA

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 61
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, ESRX, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS,  WYNN, AAPL, COST, LINTA, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN

Moving Above 30 DMA = 8

ADI, BRCM, INTC, LLTC, MCHP, MXIM, QCOM, WDC                                                                         

Moving Below 30 DMA = 0

                                                                                                                                                                                                      

Staying Below 30 DMA

FAST, SIAL, WFM, MNST, MYL, CSCO, NVDA, ORCL, XRAY, CTSH, CTXS, EXPE, FOSL, PCLN, ALTR, AMAT,  AMZN, SIRI, CTRX, EQIX, CHKP, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN, EXPD, AKAM, BIDU, FB

Ten Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral