Stocks Rebound from Lows While Closing Lower after CSCO Lowered Guidance...

The SPX closed down -5.17 or -0.42%, the COMPQ fell -23.26, the INDU fell -73.94 and the RUT rose -3.29 on Thursday.  Stocks opened lower following CSCO lower Q2 guidance of 25 to 28 cents vs. consensus of 42 cents.  After an initial sell off at the open, stocks rebounded from their lows with leaders like FCX and BIDU closing higher for the day.  

Breadth was negative on Thursday as decliners led advancers 1.83 to 1 on the NYSE and 1.94 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,045               905

Decliners        1,913            1,759

Index Direction      Confirmation

VIX       Up                Yes – SPX

SOX     Down          Yes – COMPQ

Leading stocks on Thursday included GME, FCX, CF, HLF, WLT, MOS, FAZ ESI, CAKE, HAS, ATI, CSTR, A, LVS, UAL, AKS, GES, MHS, BUCY, DHR, FLS, PNC, SWN, TIE, FFIV, DECK, HANS, AGU, CMG, SLB, POT, DOW, X, SNDK, BYI, GS, WFMI, MCD, VMW, SOHU

Losing stocks included NETL, UNG, GMCR, CAN, PCP, BA, FAS, LXK, SINA, ARUN, INFA, WHR, TSL, NYX, UCO, SPG, URE, BAC, AMD, CHL, NTES, STI, USD, ICE, AIV, CRM, NFLX, RMBS, NDAQ, GR, NTRI, MA, FDX, DLR, IPI, RVBD, UNP

Interest rates were flat, bonds inched lower, the Euro moved lower and the SOX closed down -1.25%.  The VIX moved up +0.17 to close at 18.64.

Four of nine sectors moved higher on Thursday with Energy XLE +1.10% and Materials XLB +1.03% leading all sectors.

The SPX bounced off of last Thursday’s S1 support and rose closing at 1,213.54.  All four indexes and numerous stocks have formed bull flags and many of those bull flags formed hammer candle patterns on Thursday.

NVDA and DIS up in after hours trading after reporting earnings.

Charts to Watch

Flag Entries on Thursday – FCX, CSTR, SLB, PNC, WLT, CAKE

Flag Setups – DOW, JOYG, HUM, SINA, X, WYNN, FAS, USD, BYI, GR, IPI, PCP, UAL, UNP,  AMD, DECK, AGU, SOHU, VECO, MAR, INFY, ARUN, AIV, AKAM, CLF, ILMN, PCLN, RMBS, SNDK, SPG, URE, V,  LVS, ISRG

Breakouts and Setups – DE, VMW, ZION, AAPL, AMZN, CHKP, ORLY

Potential Bearish Setups – CREE, TIE, TLT, FSLR, APOL, EAT, NYX, LZ

Continue to trade with the trend and simultaneously be prepared for any break of support.

SPX

Resistance: 1,220, 1,234, 1,250

Support: 1,209, 1,200, 1,190

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Thursday closed below the low of the high day which is a potential exit signal for some bullish short term traders.

Wait to enter a bearish signal for a close below of the low of the high day.

The short term 3 day trend is neutral.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch.  Trade with the trend of the chart and follow your rules.

AAPL -1.37 – spinning top in horizontal flag at resistance

QCOM +0.24 – white candle atg gap support

GOOG –5.69 – spinning top in bull flag

BIDU +2.41 – white candle at horizontal resistance

NDX 100 stocks stronger than the NDX include BIDU, FWLT, ORLY, STLD, VRTX, CHRW, COST, PDCO, ADSK, RIMM, EXPD, SIAL, SBUX, HOLX and ESRX.

 

Stocks weaker than the NDX: CSCO, LLTC, DELL, SYMC, XLNX, ALTR, AKAM, NTAP, BRCM, FLIR, GRMN, LRCX, AMAT, AMZN and DISH.

Stocks to Watch on Friday
Holding Above 30 DMA
HLF, PCLN,  AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, AMX, NDAQ, UAL, USD, MA, AMD, V, ATI, DECK, GR, UCO, CF, GS, SPG, MOS, VECO, CSTR, RVBD, TBT, WFMI, NFLX, NTES, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, X, SNDK, CREE, RMBS, GES, VMW, BAC, BUCY, ZION
Moving Above 30 DMA = 1

HANS
Moving Below 30 DMA = 8

ACN, CHL, FDX, NYX, PCP, STI, SWK, UNG

Staying Below 30 DMA
TSL, AKS, BA, HSY, POT, ESI, FLS, SKX, WHR, LXK, TIE, FAZ, CRUS, TLT, DLR

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Neutral

Futures Point to a Lower Open Following CSCO Earnings...

BMO - ES -7.25 and NQ -21.00 are lower in pre- market trading pointing to a lower open...the cash SPX bounced at its 10 DMA on Wednesday at the 1,204 level...this is the key short term support today...if 1,204 holds look for a potential bounce as the market absorbs the CSCO selling and then refocuses on the individual fundamentals of each stock...be prepared for a break if 1,204 does not hold...

TLT is down 15 cents and the Euro is down 89 pips...

CSCO is down -4.15 or -17.15% in pre-market trading after reporting earnings and lowering Q2 guidance...this news is pulling weighing on other stocks this morninglower...watch for

SPX

Resistance: 1,220, 1,234, 1,250

Support: 1,209, 1,200, 1,190

Quoting Down - GOOG, CSCO, AAPL, ISRG, AMZN, WYNN, ALTR, BIDU, BRCM, XLNX, AKAM, FFIV, PCLN, CRM, NFLX, VMW, RVBD, NETL, CMG, WLT, MA, POT, VECO, SOHU, SNDK, CSTR, SINA, GS, NTES, SLB, FAS, CREE, ARUN, GMCR, TSL, NYX, AMX, BA, CAT, CLF, BUCY, URE, WFMI, X, SPG, CHL, V, ICE, MOS, SKX, MHS, PNC, FDX, ILMN, RYAAY, FSLR, CTXS, NTAP, JOYG, LRCX, URBN, MICC, CA, MRVL, CTSH HSIC, ESRX

Quoting Up - COST, HANS, FAZ

SPX Bounces...Bull Flags Waving...CSCO Lower After Earnings...

The SPX closed up +5.31 or +0.44%, the COMPQ rose +15.80, the INDU rose +10.29 and the RUT rose +8.89 on Wednesday.

Breadth was positive on Wednesday as advancers led decliners 1.53 to 1 on the NYSE and 2.01 to 1 on the NASDAQ…

After the close CSCO -3.09, -12.62% reported EPS of 42 cents vs. 40 cents consensus and revenues that met expectations.  CSCO lowered expectations for Q2 to 32 to 35 cents vs. consensus of 42 cents and said that challenges in business environment will be short-term.

Exchange       NYSE          NASDAQ

Advancers      1,823            1,790

Decliners        1,184               890

Index Direction      Confirmation

VIX       Down          Yes – SPX

SOX     Up               Yes – COMPQ

Leading stocks on Wednesday included UCO, ARUN, CMG, NFLX, FAS, ZION, WLT, VMW, CRM, RVBD, CSTR, BAC, DLR, URE, SOHU, FFIV, SPG, PNC, CLF, ATW, FCX, CAKE, WHR, FLS, DE, WFMI, NYX, NETL, RMBS, V, UNP, AIV, AKS, NTRI, CAM, SNDK, SLB, X

Losing stocks included LVS, FAZ, UNG, BA, TSL, AMD, DECK, VECO, PCP, GMCR, TIE, ESI, HANS, BYI, CF, LXK, CREE, GR, SKX, A, HSY, AGU, PCLN, DOW, CRUS, USD, HAS, GME, MOS

Interest rates fell, bonds inched higher, the Euro rose and the SOX closed near unchanged +0.01%.  The VIX moved down -0.61 to close at 18.47.

Five of nine sectors moved higher on Wednesday with Energy XLE +1.29% and Financials XLF +1.12% leading all sectors.  Healthcare, Consumer Staples and Utilities were the weakest sectors.

The SPX bounced off of Thursday’s S1 support and rose to close near the low of its Nov 5 high day.  All four indexes and numerous stocks have formed bull flags and many of those bull flags formed hammer candle patterns on Wednesday.

Flag Entries on Wednesday – NFLX, BIDU, CRM, CTXS

Charts to Watch

(click image to enlarge)

Flag Setups – DOW, JOYG, HUM, SINA, X, WYNN, FCX, FAS, USD, BYI, CSTR, GR, IPI, PCP, SLB, UAL, UNP, AMD, DECK, AGU, SOHU, VECO, MAR, INFY, ARUN, AIV, AKAM, CAKE, CLF, ILMN, NYX, PCLN, PNC, RMBS, SNDK, SPG, URE, V,  WLT, LVS

Breakouts and Setups – DE, ISRG, VMW, LZ, ZION, AAPL, AMZN, CHKP, ORLY

Potential Bearish Setups – CREE, TIE, TLT, FSLR, APOL, EAT

Continue to trade with the trend and simultaneously be prepared for any break of support.

SPX

Resistance: 1,220, 1,234, 1,250

Support: 1,209, 1,200, 1,190

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wednesday rallied after Tuesday a close below the low of the high day which wasa potential exit signal for some bullish short term traders.

Wait to enter a bearish signal for a close below of the low of the high day.

The short term 5 day trend is neutral.
The two-month trend is up.
The twelve-month trend is up.Continue to focus on and trade setups on the charts of the stocks you watch.  Trade with the trend of the chart and follow your rules.

AAPL +1.95 – spinning top in horizontal flag at resistance

QCOM -0.24 – spinning top gap support

GOOG -1.94 – doji

BIDU +2.50 – white candle, bounce support in narrow price channel

NDX 100 stocks stronger than the NDX include RIMM, CTXS, FWLT, BIIB, BIDU, ROST, AMZN, CHKP, STLD, FLIR, ADSK, JBHT, ORLY, PPDI and INFY.

 

Stocks weaker than the NDX: LOGI, WCRX, LRCX, FLEX, STX, VRSN, RYAAY, ERTS, HANS, MRVL, GENZ, CHRW, IACI, APOL and INTC.

Stocks to Watch on Thursday
Holding Above 30 DMA
HLF, PCLN,  AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, AMD, V, ATI, DECK, GR, UCO, CF, GS, SPG, MOS, VECO, CSTR, RVBD, TBT, WFMI, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, X, SNDK, CHL, CREE, RMBS, STI, GES, UNG, VMW
Moving Above 30 DMA = 6

BAC, BUCY, FDX, NYX, SWK, ZION

Moving Below 30 DMA = 2
HANS, TSL

Staying Below 30 DMA
AKS, BA, HSY, POT, ESI, FLS, SKX, WHR, LXK, TIE, FAZ, CRUS, TLT, DLR

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Neutral

Futures Point to a Flat to Lower Open...

BMO ES -1.25 and NQ -1.00 futures are lower about 90 minutes minutes before the open and point to a flat to lower open...with the SPX and many stock charts closing below the low of the high day traders should follow their rules for exiting short term bullish trades...also be aware of the beginning of a counter trend down move at this time...

TLT is down 30 cents and the Euro is up 7 pips in pre-market trading...

SPX

Resistance: 1,220, 1,234, 1,250

Support: 1,209, 1,200, 1,190

Quoting Down - BA, LVS, WLT, CMG, NFLX, FLS, BYI, SPG, GS, POT, FFIV, PCLN, TLT, CRM, CREE, BUCY, VMW, WHR, X, NDAQ, ISIRG, GOOG, LOGI, FSLR, INTU, AKAM, BIIB, AMZN, APOL, PCLN, WYNN, URBN

Quoting Up - UNP, ATI, PNC, DE, MA, SOHU, NYX, LXK, RVBD, MHS, FDX, SNDK, ILMN, CEPH, ROST, KLAC, SBUX, ADP, ALTR, IACI, CERN, ORLY, AMGN, TEVA, FLIR

SPX Closes Below the Low of the High Day...Short Term Trend Neutral...

The SPX closed down -9.85 or -0.81%, the COMPQ fell -17.07, the INDU fell -60.09 and the RUT fell -10.79 on Tuesday.

Breadth was negative on Tuesday as decliners led advancers by 2.69 to 1 on the NYSE and 2.52 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers       818          760
Decliners      2,207       1,920

Index     Direction    Confirmation
VIX          Up              Yes – SPX
SOX        Down          Yes – COMPQ

Leading stocks on Tuesday included PCLN, FAZ, TBT, UNG, MOS, SWN, NFLX, ACN, WFMI, VMW, INFA, ATW, POT, CF, DEC, CRM

Losing stocks included URE, SOHU, FAS, AKS, SPG, NTES, WLT, ATI, SNDK, DLR, NYX, CLF, CRUS, AMD, AIV, CAKE, AMX, BAC, WHR, RVBD, FCX, CSTR, PNC, FDX, VECO, TSL, ZION, UCO, TLT, DHR, SINA, FFIV, ARUN, A, UAL, ICE, CREE, USD, HANS, BUCY, UNP, VOD, DOW, GME, GS, SWK, CAT, BA, NETL, HAS, LVS, MHS, NDAQ, HLF, CHL, SLB, SKX, CMG, STI, X, DE

Interest rates rose, bonds moved lower, the Euro fell and the SOX moved down -1.16%. The VIX moved up +0.79 to close at 19.08.

All nine sectors moved lower on Tuesday with Financials XLF -1.87% and Materials XLB -1.76% leading all sectors lower.

The SPX closed below the low of the high day on Tuesday which is an exit signal for some short term traders. The SPX did hold above last Thursday’s S1 level so the pullback did not break that short term support level.

An initial pull back on many charts occurred on Tuesday which in the current up trend can be the beginning of a new bull flag on charts recently making higher highs. Check the charts on our Losing stocks list above to see this pattern...

Continue to trade with the trend and simultaneously be prepared for any break of support.

SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Tuesday was an exit day on many charts for bullish short term traders that exit with a close below the low of the high day. Wait to enter a bearish signal for a close below of the low of the high day.

The short term 4 day trend is neutral.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL -2.54 – bearish engulfing
QCOM +0.12 – spinning top
GOOG -1.95 – spinning top
BIDU -1.21 – black candle, still test of support

NDX 100 stocks stronger than the NDX include LOGI, PCLN, WCRX, YHOO, HOLX, NTAP, XRAY, FWLT, DELL, CTSH, ADBE, BIID, PPDI, MSFT and LLTC.

Stocks weaker than the NDX: AKAM, NIHD, LRCX, STX, RIMM, EXPE, WYNN, JBHT, PCAR, SHLD, HANS, STLD, SIAL, XLNX and EXPD.

Stocks to Watch on Wednesday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, AMD, V, ATI, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, X, SNDK, CHL, CREE, RMBS, STI, TSL, GES, UNG, VMW
Moving Above 30 DMA = 0

Moving Below 30 DMA = 8
AKS, BA, BAC, BUCY, FDX, NYX, SWK, ZION
Staying Below 30 DMA
HSY, POT, ESI, FLS, SKX, WHR, LXK, TIE, FAZ, CRUS, TLT, DLR

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Neutral

Futures Point to a Higher Open...PCLN Up After Earnings...

BMO - ES +3.50 and NQ +9.50 are higher in pre-market trading about 90 minutes before the open pointing to a higher open...

TLT is down 16 cents and the Euro is up 48 pips in pre-market trading...

PCLN is +27.44 or +7.06% in pre-market trading after reporting strong earnings Monday after the close...

SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190

Quoting Down - CF, NTES, ICE, HLF, ATW, GEM, SINA, URE, NTRI, FFIV, LXK, LVS, MOS, AKAM, URBN, RIMM, AMZN, NIHD, ERTS, KLAC, DTV, ESRX

Quotiong Up - PCLN, PCP, FCX, ATI, NFLX, GS, WLT, SWN, PNC, UNP, SPG, CMG, DLR, HANS, TSL, CAT, VECO, MCD, FAS, MA, GR, BUCY, CAM, ACN, GMCR, GOOG, AAPL, CEPH, BIDU, YHOO, MICC, HANS, PCAR, EXPE, JBHT, FSLR, SYMC, XRAY, HOLX, TEVA

SPX Forms Doji...Potential Bearish Harami...

The SPX closed down -2.60 or -0.21%, the COMPQ rose +1.07, the INDU fell -37.24 and the RUT rose +0.18 on Monday.  The broad indexes paused on Monday after three up days.  Numerous flags setups started forming on Monday as well as several brekaout stocks stayed above horizontal resistance.  XLE moved higher while XLF and SOX pulled back slightly.

Breadth was negative on Monday decliners led advancers led decliners by 1.17 to 1 on the NYSE and 1.06 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ

Advancers    1,373       1,296
Decliners       1,612       1,382

Index     Direction     Confirmation
VIX            Up                Yes – SPX
SOX          Down          No – COMPQ

Leading stocks on Monday included SOHU, SINA, NTES, UNG, VECO, VMW, SWN, SKX, WLT, GME, UAL, ESI, ATW, NTRI, FAZ, TSL, BAC, CF, CREE, LVS, WFMI, MHS, HLF, FLS, AMD, CRM, GES, AKS, UNP, LXK, JEC, NFLX, TLT, SPG, FCX, IPI

Losing stocks included ATI, DLR, PCP, BUCY, FAS, WHR, CRUS, BYI, X, DHR, CAN, BA, NYX, MA, V, PNC, HANS, GS, SLB. URE

Interest rates rose, bonds moved higher, the Euro fell and the SOX moved down -0.14%. The VIX moved up +0.03 to close at 18.29.

Three of nine sectors moved higher on Monday with Energy XLE +0.30% and Materials XLB +0.25% leading all sectors. Financials XLF -0.77% was the weakest sector after leading for three straight days.

Charts to Watch
C pattern - VMW
Breakout - SOHU, WFC
Bull Flage Setup - BIDU, NFLX, UAL, ATI, PCP, BYI, DHR, MA, CRM, CSX
Bear Flag - WHR

Continue to trade with the trend and simultaneously be prepared for any break of support.
 
SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wait to enter a bearish signal for a close below of the low of the high day.

The short term 3 day trend is up.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL +1.49 – spinning top
QCOM -0.53 – spinning top
GOOG +1.69 – spinning top
BIDU +1.60 – bullish engulfing

NDX 100 stocks stronger than the NDX include WYNN, APOL, HOLX, URBN, EXPE, LOGI, NIHD, SYMC, ALTR, AKAM NTAP, ILMN, LRCX, MXIM and RIMM.

Stocks weaker than the NDX: DISH, MICC, GRMN, STX, VRTX, SPLS, INFY, XRAY, AMAT, RYAAY, LBTYA, SRCL, DELL, PAYX and NWSA.

Stocks to Watch on Tuesday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, AMD, V, ATI, BA, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NYX, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, SWK, X, FDX, SNDK, BUCY, CHL, CREE, RMBS, STI, TSL, ZION, GES, AKS
Moving Above 30 DMA = 3
BAC, UNG, VMW
Moving Below 30 DMA = 0

Staying Below 30 DMA
HSY, POT, ESI, FLS, SKX, WHR, LXK, TIE, FAZ, CRUS, TLT, DLR

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Up

Futures Point to a Flat to Lower Open...

BMO - ES -3.25 and NQ -5.50 futures are slightly lower about 90 minutes before the open pointing to a slightly lower open...After Thursday's strong move up Friday is the high day for short term traders that look to the break of the low of the high day as a potential exit area...

TLT is up 26 cents, the Euro is down 146 pips and Financials are down 5 cents...

SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190

Key short term support is 1,209 - 1,210 which is also Thursday's S1 level...

Quoting Down - PCP, BA, NTES, CAM, ATW, GR, NFLX,FLS, CF, FCX, SWN, PNC, FAS, FDX, GOOG, DISH, CTXS, AAPL, ISRG, RIMM, WCRX, CELG, FSLR, GILD, GENZ, ORCL, ALTR, ROST

Quoting Up - MA, UNP, CREE, PCLN, TLT, BYI, BAC, MCHP, AMZN, CTSH, YHOO, INTC, WYNN, JOYG, KLAC

SPX and COMPQ Another New High Close...Financials Lead Again...

The SPX closed up +4.79 or +0.39% on Friday its highest close, 1,225 since September 19, 2008.  Volume was strong as the SPX finished its largest weekly trading range, 49 points, since the first week of September.  The COMPQ also made a new high close…

(click image to enlarge)

Financials XLF were the strongest sector for the third straight day on heavy volume a clear sign of money rotating into this sector…CRUS gained +7.18% after announcing a share repurchase program…Breadth was positive but down from Thursday as advancers led decliners by 1.41 to 1 on the NYSE and 1.25 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers    1,755      1,481
Decliners      1,244      1,180

(click image to enlarge)

Index     Direction    Confirmation
VIX          Down          Yes – SPX
SOX         Up              Yes – COMPQ

Leading stocks on Friday included CRUS, DECK, FAS, FLS, PNC, CMG, JEC, TBT, ZION, GS, NTES, ESI, X, USD, AIV, SNDK, ICE, AKS, PCLN, GES, ATW, RMBS, GMCR, URE, BAC, SPG, BUCY, FFIV, NYX, CLF, TSL, NDAQ, FDX, UNG, PCP, CAM, SINA, A, CF, AMX, FCX, HANS, WLT, UCO, DHR, INFA

Losing stocks included FAZ, WFMI, TLT, LXK, MHS, SWN, IPI, DOW, HSY, CRM, ARUN, BYI, POT, NETL, UNP, CREE, NTRI, SOHU, MOS, V, CAKE, VECO

Interest rates rose, bonds moved lower, the Euro fell and the SOX moved up +0.58%. The VIX moved down -0.26 to close at 18.26, its lowest close since April 26.

Five of nine sectors moved higher on Friday with Financials XLF +2.29% and Industrials XLI +0.60% leading all sectors. Utilities, Technology, Consumer Staples and Healthcare moved lower, which appears to be rotation to currently stronger sectors.

Four weeks ago I alerted you to be prepared for a grinding index as institutions became more selective and bought stocks with strong earnings and sold stocks with weak earnings or guidance. Two weeks ago I alerted you to be prepared for rotation into financials. A week ago I said with earnings season about over that the SPX would have a hard time breaking horizontal resistance without rotation into financials and to stay focused in preparation for that potential.

This week we saw rotation into Financials, Semiconductors, Energy and small cap stocks in a big way.  It was also clear on many charts that at least some profits were coming out of other stocks and sectors.

What does rotation out look like? Look at the weekly chart on BIDU, NFLX, XLU and XLV to see.

(click image to enlarge)

What does rotation in look like? Look at the weekly chart on XLF, SMH, XLE and IWM to see.

(click image to enlarge)

Charts to Watch – Rotation Breakouts WFC, X, SNDK, ZION, GS, C, F, AMD, BUCY, CAT, SINA

(click image to enlarge)

Charts to Watch
Flag Setups – NFLX, STX, UAL, UNP, CRM, WFMI, MOS, IPI, AGU, SOHU
Breakouts and Setups – DE, VECO, MAR, INFY, ISRG, LZ, ILMN, URE, AKAM
Potential Bearish Setups – CREE, TIE, TLT, FSLR, APOL, EAT

Continue to trade with the trend and simultaneously be prepared for any break of support.

SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wait to enter a bearish signal for a close below of the low of the high day.

The short term 3 day trend is up.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL -1.14 – potential bearish harami at horizontal resistance
QCOM -0.01 – white candle after earnings gap on Thursday
GOOG +0.81 – spinning top
BIDU -1.26 – black spinning top, still test of support

NDX 100 stocks stronger than the NDX include FWLT, SYMC, SBUX, ERTS, STX, EBAY, PCLN, URBN, IACI, LINTA, FSLR, NVDA, JOYG, MRVL and INTC.

Stocks weaker than the NDX: ATVI, RIMM, GRMN, MXIM, LBTYA, CELG, GILD, NIHD, NWSA, WCRX, SHLD, BIDU, HOLX, CEPH and ADBE.

Stocks to Watch on Monday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, AMD, V, ATI, BA, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NYX, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, SWK, X, FDX, SNDK, BUCY, CHL, CREE, RMBS, STI, TSL, ZION
Moving Above 30 DMA = 2
GES, AKS
Moving Below 30 DMA = 0

Staying Below 30 DMA
HSY, POT, ESI, FLS, SKX, WHR, LXK, TIE, FAZ, BAC, CRUS, TLT, DLR, VMW, UNG

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Up

Futures Point to a Flat Open...Stocks are Mixed in Pre-market Trading...

BMO - ES +0.75 and NQ -1.00 are mixed just before the open while SPY is up 12 cents pointing to a flat open...

TLT is down -1.70 and the Euro is down 134 pips...

XLF is up 5 cents...

Quoting Down - CF, TLT, WFMI, POT, SINA, CAT, CAM, GS, LXK, VOD, SPG, MHS, FCX, SLB, ZION, FSLR, RIMM, MCHP, LRCX, ADP, MICC, COST, VRTX, AAPL, SRCL, ESRX, EXPD, CHRW, VRSN, ISRG, MXIM

Quotiong Up - NFLX, TBT, CSTR, DECK, GOOG, SBUX, PCLN, URBN, CRM, FFIV, PCLN, MA, PCP, WHR, MOS, RVBD, AGU, PNC, LVS, TSL, V, FLS, WLT, X, VMW, DE, URE, CREE, SNDK, SYMC, INFY, MRVL, AKAM, ATVI, DTV, TEVA, EXPE, FWLT, NIHD, CERN, NVDA

SPX Highest Close in Over Two Years...

The SPX closed up +23.10 or +1.93% on Thursday its highest close, 1,221 since September 19, 2008. Volume was heavy as the SPX had its largest weekly trading range since the first week of September. The COMPQ also made a new high close…

(click image to enlarge)

WFMI and QCOM had large moves after strong earnings…BHP gapped up after Canada blocked its $39 billion buyout of POT which fell following the news…Breadth strengthened significantly from Wednesday as advancers led decliners by 5.2 to 1 on the NYSE and 3 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers    2,537       2,026
Decliners        487          674

(click image to enlarge)

Index     Direction      Confirmation

VIX          Down            Yes – SPX

SOX         Up                Yes – COMPQ

Leading stocks on Thursday included WFMI, FAS, BUCY, FCX, SKX, SNDK, WLT, USD, CREE, ATI, BAC, STI, SLB, URE, AMD, CLF, CAM, AIV, LVS, CAT, UCO, JEC, ATW, VECO, DOW, X, TIE, GR, MHS, PNC, CHL, HLF, WHR, ZION, SPG, NETL, BA, TSL, SWN, DECK, SINA, A, GS, PCP, AKS, DE, DHR, GEM, GES, BYI

Losing stocks included FAZ, DLR, UAL, ESI, POT, NFLX, CRM, VMW, FFIV, IPI, TBT, GMCR, NTES, HSY, SOHU, HANS, CSTR, NTRI

Interest rates fell, bonds rose, the Euro rose and the SOX was up +11.94%.  The VIX fell -1.04 to close at 18.52, its lowest close since April 29.

All nine sectors moved higher on Thursday with Financial XLF +3.33% and Materials XLB +3.28% leading all sectors.

AKAM, GS, ILMN and URE each had a support bounce entry signal on Thursday.

Charts to Watch – Flag Setups NFLX, STX

STLD, X and F moved higher while FFIV stayed above its breakout level.

(click image to enlarge)

Breakouts – BUCY, DE, VECO, MAR, INFY, ISRG, LZ

Potential Breakout Setups – SOHU, SINA, CRM, VMW

Continue to trade with the trend and simultaneously be prepared for any break of support.

SPX
Resistance: 1,220, 1,234, 1,250
Support: 1,209, 1,200, 1,190 1,182, 1,170

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wait to enter a bearish signal for a close below of the low of the high day.

The short term 3 day trend is up.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL +5.47 – white candle at resistance
QCOM +2.65 – black candle gap up after earnings
GOOG +4.09 – doji
BIDU -0.59 – black spinning top, test of support

NDX 100 stocks stronger than the NDX include QCOM, FWLT, MXIM, ROST, LBTYA, JOYG, KLAC, PCAR, MRVL, SHLD, COST, ALTR, MCHP, STLD and LRCX.

Stocks weaker than the NDX: APOL, EXPE, VRTX, DTV, AMGN, TEVA, FSLR, BIIB, NWSA, BIDU, GILD, GENZ, HANS, CERN and CELG.

Stocks to Watch on Friday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, AMD, V, ATI, BA, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NYX, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, SWK, X, FDX, SNDK
Moving Above 30 DMA = 7
BUCY, CHL, CREE, RMBS, STI, TSL, ZION
Moving Below 30 DMA = 2
HSY, POT
Staying Below 30 DMA
ESI, FLS, GES, SKX, WHR, LXK, AKS, TIE, FAZ, BAC, CRUS, TLT, DLR, VMW, UNG

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Up

Futures Point to a Higher Open...WFMI, QCOM and IPI Higher Following Earnings...

BMO - ES +8.50 and NQ +14.75 are higher in pre-market trading pointing to a higher open...

TLT is down 32 cents and the Euro is up 98 pips...Financials XLF and Energy XLE are moving higher in pre-market trading...

WFMI, QCOM, IPI are quoting higher in pre-market trading following strong earnings...

SPX
Resistance: 1,200, 1,209, 1,220
Support: 1,190 1,182, 1,170


Quoting Down - POT, JEC, HLF, SWN, PCP, ICE, TLT, FDX, CAM, WLT, ISRG, WYNN, APOL, ROST, AMGN

Quoting Up - WFMI, MA, QCOM, GOOG, AAPL, BIDU, PCLN, AMZN, MICC, DTV, RYAAY, FCX, NFLX, CMG, CLF, PCLN, FFIV, SLB, BA, V, CSTR, LVS, MCD, AGU, X, FLS, GS, BUCY, CAT, CREE, DECK, FAS, PNC, CF, TSL, UNP, IPI, MOS, SNDK, DOW, WHR, STI, VMW, BRCM, FSLR, RIMM, MRVL, SBUX, AKAM, URBN, NWSA, ADBE, TEVA, MSFT

SPX Makes a New High Close Following Fed Announcement...Trend Continues...Surprise, Surprise...

SPX closed up +4.39 or +0.37% on Wednesday after wide swings just before and after the widely expected FOMC announcement.  The SPX traded in a 14 point range before finally closing at a new high close of 1,197.  The COMPQ also made a new high close…

(click image to enlarge)

Exchange     NYSE    NASDAQ

Advancers    1,721       1,472

Decliners      1,260       1,133

(click image to enlarge)

Index     Direction    Confirmation
VIX           Down           Yes – SPX
SOX         Up                Yes – COMPQ

Leading stocks on Wednesday included FFIV, CSTR, TBT, STI, NETL, ZION, UCO, TSL, FAS, MA, PNC, USD, CMG, VOD, X, SNDK, SWN, LVS, NTRI, WFMI, AMD, VMW, HLF, LXK, UNP, VECO, UAL,NYX, IPI, BAC, SLB, DEC, CREE, RMBS, SINA, CRM

Losing stocks included ESI, TIE, AGU, FLS, FAZ, TLT, GMCR, MOS, CF, NTES, UNG, DLR, GES, BYI, ICE, SOHU, INFA

Interest rates pulled back, bonds fell, the Euro rose and the SOX was +3.62%. The VIX fell -2.01 to close at 19.56.

Seven of nine sectors moved higher on Wednesday with Financial XLF +0.99% and Technology XLK +0.57% leading all sectors.

QCOM rises +7.18% in after-hours trading following better than expected earnings and raised guidance.  IPI is up in after-hours trading after strong earnings.

This morning at the open I discussed the “well-telegraphed” Fed announcement and that it was a non-factor because it was already known by the market and that in order for the market to change there would need to be new information. I also pointed out that price could easily fluctuate inside its channel of the past few weeks and that the market would likely gyrate just before and after the announcement at 2:15 pm ET inside of the trend channel. Three for three as the market behaved exactly as described at the beginning of the day.

Dave’s Insight: The technical principle “history repeats itself” is a useable concept in making good trading decisions as proven today.

AMZN, BIDU, UAL, TBT, BRCM, KLAC, LIFE and TSL each had a support bounce entry signal on Wednesday.

Charts to Watch – Flag Setups NFLX, AKAM, GS, ILMN, URE, STX

(click image to enlarge)

Breakouts – STLD, X, F, FFIV

Potential Breakout Setups – DE, VECO, SOHU, SINA, MAR, CRM, VMW, INFY, ISRG, BUCY

Continue to trade with the trend and simultaneously be prepared for any break of support.
 
SPX
Resistance: 1,200, 1,209
Support: 1,190 1,182, 1,170

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wait to enter a bearish trades for a close below of the low of the high day.

The short term trend is up as the SPX closes above its intraday highs on Oct 25 and Nov 1.

The short term 3 day trend is up.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL +3.44 – white candle flag bounce continuation
QCOM +0.31 – white candle bounce off 30 DMA
GOOG +4.58 – white spinning top
BIDU +1.10 – white candle confirms bullish harami bull flag entry signal

NDX 100 stocks stronger than the NDX include URBN, AMZN, CSCO, ILMN, DISH, EXPD, LRCX, NWSA, INTC, BRCM, ISRG, AKAM, STLD, FLIR and MCHP.
 
Stocks weaker than the NDX: GRMN, ERTS, SYMC, VRTX, BBBY, MSFT, GILD, WYNN, SHLD, ORCL, JOYG, COST, APOL, ROST and CHRW.

Stocks to Watch on Thursday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, HSY, AMD, V, ATI, BA, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NYX, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, CAT, CLF, POT, JEC, FAS, GME, NTRI, SWK, X
Moving Above 30 DMA = 3
FDX, HSY, SNDK
Moving Below 30 DMA = 1
ESI
Staying Below 30 DMA
FLS, GES, SKX, WHR, ZION, LXK, CHL, STI, CREE, AKS, TIE, FAZ, RMBS, TSL, BAC, CRUS, TLT, DLR, VMW, UNG

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Up

Futures Point to a Flat to Slightly Higher Open...

BMO - ES +1.25 and NQ +1.75 are slightly higher in pre-market trading about 75 minutes before the open pointing to a flat to slightly higher open...

TLT is up 29 cents and the EURO is flat...

SPX
Resistance: 1,190, 1,200, 1,209
Support: 1,182, 1,170, 1,148

Quoting Down - WYNN, GRMN, MICC, ERTS, JOYG, SBUX, INFA, AGU, LVS, TBT, ESI, CSTR
 
Quoting Up - FFIV, PCLN, GOOG, AAPL, AMZN, CMG, DE, TLT, VOD, MCD, FCX, X, NFLX, CAT, MOS, GS, SLB, V, DECK,PNC, POT, ZION, SPG, RMBS, UCO, APOL, RIMM, AKAM, TEVA, PAYX, QCOM, LRCX, CTXS

SPX Holds Gains to Make a New High Close at 1,193 on Election Day...

The SPX closed up +9.19 or +0.78% on Tuesday making a new high close at 1,193, its highest close since May 3…the COMPQ also made a new high close…

(click image to enlarge)

MHS and NTRI rise after strong earnings…LVS and WYNN rise prior to WYNN earnings after the close…WYNN reported better than expected revenues and $8 dividend… Breadth strengthened from Monday as advancers led decliners by 2.84 to 1 on the NYSE and 2.7 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers    2,219       1,959
Decliners        779          710

(click image to enlarge)

Index   Direction Confirmation
VIX        Down       Yes – SPX
SOX       Up           Yes – COMPQ

Leading stocks on Tuesday included MHS, NTRI, ARUN, VECO, BYI, GMCR, LVS, GES, X, RVBD, TSL, MA, AKS, PCP, CREE, WHR, NFLX, CSTR, CRUS, UCO, SOHU, AMD, SKX, SINA, SPG, CMG, WLT, PCLN, SLB, JEC, NDAQ ESI, DOW, GR, WFMI, CRM, FCX, HAS, CLF, V, GME, ATW, URE, VMW, FLS, TLT, DE, UNG, UNP, DHR, FAS, SWN

Losing stocks included HLF, IPI, NYX, TBT, AGU, ZION, FAZ, POT, CAM, BA, STI, TIE, BAC, AIV, MOS, ICE, PNC, HANS

Interest rates pulled back, bonds rose, the EURO rose, the SOX +0.74%. The VIX fell -0.26 to close at 21.57.

All nine sectors moved higher on Tuesday with Utilities XLU +1.18% and Consumer Discretionary XLY +1.10% leading all sectors.

PCLN made a new high close and AAPL and RVBD each had a support bounce entry signal.

Charts to Watch – Flag Setups AMZN, BIDU, NFLX, UAL, TBT, AKAM, GS, BRCM, ILMN, KLAC, URE, LIFE, STX

(click image to enlarge)

Potential Breakout Setups – DE, VECO, STLD, SOHU, SINA, MAR

Potential Bearish Setups – CRM, X, V, CREE, TIE, TSL, TLT, VMW, INFY, FSLR, APOL, ISRG, BUCY, LZ, EAT

Continue to trade with the trend and simultaneously be prepared for any break of support.

SPX
Resistance: 1,190, 1,200, 1,209
Support: 1,182, 1,170, 1,148, 1,130

Since the SPX did not close above its intraday highs on Oct 25 and Nov 1 we maintain a short term neutral that we will change to up with a close above 1,196.

The short term 3 day trend is neutral.
The two-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL +5.18 – white candle confirms bullish harami in bull flag pattern
QCOM +0.05 – black spinning top new high close by 5 cents EPS on Wednesday
GOOG +0.60 – black spinning top
BIDU +2.40 – white bullish harami

NDX 100 stocks stronger than the NDX include ESRX, WYNN, ADBE, STLD, FAST, ERTS, EBAY, FSLR, LINTA, ROST, BIDU, FWLT, CTAS, NVDA and LRCX.

Stocks weaker than the NDX: VRTX, INTC, GRMN, ORLY, CHKP, TEVA, EXPD, HANS, HOLX, WCRX, DELL, RIMM, VRSN, DISH and AMGN.

Stocks to Watch on Wednesday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, HSY, AMD, V, ATI, BA, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NYX, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, ESI, CAT, CLF, POT, JEC
Moving Above 30 DMA = 5
FAS, GME, NTRI, SWK, X
Moving Below 30 DMA = 1
HSY
Staying Below 30 DMA
FDX, SNDK, FLS, GES, SKX, WHR, ZION, LXK, CHL, STI, CREE, AKS, TIE, FAZ, RMBS, TSL, BAC, CRUS, TLT, DLR, VMW, UNG

Intermediate Term Market Trend: Up – 2 months
Short Term Market Trend: Neutral

Futures Point to a Higher Open...on Election Day...

BMO ES +6.75 and NQ +12.00 are higher in pre-market trading pointing to a higher open...

TLTis up 80 cents and the EURO is up 128 pips...

SPX
Resistance: 1,182, 1,190, 2,000
Support: 1,170, 1,148, 1,130

Trading Down - HLF, ICE, SOHU, TVT, CAM, NETL, PCP, CSTR, ARUN, NFLX, NIHD

Trading Up - MA, PCLN, GOOG, AAPL, WYNN, BIDU, AMZN, MHS, FCX, CF, WLT, CRM, AGU, NTRI, POT, V, CLF, CMG, SWK, X, LVS, VMW, FLS, CAT, URE, FFIV, SPG, DE, BUCY, JEC, FDX, ATI, DOW, MOS, MCD, CREE, SLB, GES, WFMI, GS, RVBD, SWN, FAS, VOD, UCO, ESI, AKS, SNDK, BA, EXPD, RYAAY, CTSH, PCAR, FSLR, ROST, FISV,DTV, ESRX, CHRW, AKAM, SHLD, ROST, QCOM, ADSK, BBBY, EXPE, TEVA

SPX Stuck in Doji Land...COMPQ Pulls Back...

TThe SPX closed up +1.12 or +0.09% on Monday forming another doji in a continuation of its short term neutral trend…the COMPQ has flattened out over the past three days…

(click image to enlarge)

NFLX, BIDU, FSLR and PCLN pulled back while AAPL GOOG, LVS and WYNN rose. Breadth weakened from Friday as advancers led decliners by only 1.1 to 1 on the NYSE and trailed decliners on the NASDAQ…

Exchange     NYSE    NASDAQ
Advancers    1,561          987
Decliners      1,415       1,693

(click image to enlarge)

Index     Direction    Confirmation
VIX           Up               No – SPX
SOX         Down          Yes – COMPQ

Leading stocks on Monday included UCO, LVS, SPG, AIV, SWN, GMCR, LXK, AKS, CLF, HLF, URE, FCX, UNP, X, POT, USD, HAS, CAT, ATW, JEC, TBT, CAN, AMX, HANS, CSTR, BAC, PCP, CMG, SLB, AMD, CAM, GS, WFMI, VMW, WLT
 
Losing stocks included UNG, NFLX, VECO, TSL, CRUS, DECK,NTES, CREE, UAL, CRM, FLS, SINA, RVBD, GME, NTRI, ARUN, FDX, STI, ZION, PNC, IPI, SWK, GES, BUCY, MOS, FFIV, SOHU, V, SKX, TIE, CF, TLT, WHR, PCLN, HSY, SNDK, NYX, NETL, DE

Interest rates moved higher, bonds fell, the EURO fell, the SOX fell -0.32%. The VIX rose +0.63 at 21.83.

Three of nine sectors moved higher on Monday with Energy XLE +0.12% and Technology XLK +0.08% leading all sectors.SPX

Charts to Watch – Flag Setups TBT, UAL, RVBD, AKAM, GS, DE, NFLX, AMZN, BIDU, BRCM, ILMN, KLAC, URE, LIFE, STX

(click image to enlarge)

Potential Bearish Setups – CRM, X, V, CREE, TIE, TSL, TLT, VMW, INFY, BUCY

Continue to trade with the trend and simultaneously be prepared for any break of support.


Resistance: 1,182, 1,190, 2,000
Support: 1,170, 1,148, 1,130

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

A break and/or close below the low of the high day can be a potential exit for short bullish trades. Entry for a bearish signal can be a close below of the low of the high day for a counter trend trade or the same entry on a down trending stock.

The short term 3 day trend is neutral.
The three-month trend is neutral.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch. Trade with the trend of the chart and follow your rules.

AAPL +3.20 – bullish harami at support
QCOM +0.17 – black spinning top new high close by 1 cent EPS on Wednesday
GOOG +1.30 – doji
BIDU -2.86 – black candle in bull flag

NDX 100 stocks stronger than the NDX include INTC, DISH, APOL, WYNN, GRMN, PCAR, GILD, CHKP, MRVL, SYMC, MSFT, AAPL, ROST, SBUX and STLD.

Stocks weaker than the NDX: RYAAY, ADSK, BIDU, FSLR, LINTA, YHOO, FLEX, AKAM, EBAY, FWLT, AMZN, URBN, LRCX, RIMM and SHLD.

Stocks to Watch on Tuesday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, CMG, FCX, SINA, VOD, AIV, CAKE, CAM, DE, DHR, DOW, UNP, URE, WLT, A, HAS, IPI, ICE, ATW, SLB, ACN, AMX, NDAQ, UAL, USD, MA, HSY, AMD, V, ATI, BA, DECK, GR, UCO, CF, GS, SPG, HANS, MOS, VECO, CSTR, RVBD, TBT, WFMI, NYX, NFLX, NTES, PCP, PNC, BYI, INFA, MHS, NETL, CRM, FFIV, GMCR, ARUN, SWN, ESI, CAT, CLF, POT
Moving Above 30 DMA = 1
JEC
Moving Below 30 DMA = 5
FDX, GME, NTRI, SNDK, SWK
Staying Below 30 DMA
FAS, FLS, GES, SKX, WHR, ZION, LXK, CHL, STI, CREE, AKS, TIE, FAZ, RMBS, TSL, BAC, CRUS, X, TLT, DLR, VMW, UNG

Intermediate Term Market Trend: Neutral YTD - 8 week Up
Short Term Market Trend: Neutral

Futures Point to a Higher Open...

BMO - ES +6.50 and NQ +9.00 are higher in pre-market trading pointing to a higher open...

TLT is up 38 cents and the EURO is down 28 cents...

SPX
Resistance: 1,182, 1,190, 2,000
Support: 1,170, 1,148, 1,130


Trading Down - ICE, FLS, DELL, RYAAY, FDX, DHR, TBT, ESI, VMW, CHL, BA, VOD, AMZN, SPLS

Trading Up - PCLN, GOOG, CTSH, BIDU, PCAR, WYNN, AAPL, TEVA, VRTX, RIMM, GILD, CTXS, EXPD, FCX, GS, POT,IPI, WLT, FFIV, SWN, RVBD, DECK, SPG, MCD, UCO, LVS, SOHU, TSL, UNP, CSTR, AGU, X, CLF, DE, SKX, TLT, MOS, V, CAT, ATW, GMCR, SLB, CAM, CMG, FAS, CREE, ATI