COMPQ, NDX New High Close...SPX, INDU and RUT Pause...

Improve your trading in 2011…

Take the opportunity to read the January 1 post, if you have not already done so, and send your email, which can be the first step to making 2011 your best year yet!  Don’t miss out…

The SPX closed down -2.71 or -0.21% at 1,273.85.  The SPX reached 1,278 intraday just 3 points below its 1,281 December breakout price target.

(click image to enlarge)

SPX spinning top potential bearish harami

INDU spinning top potential bearish harami inside day

COMPQ spinning top new high close

RUT spinning top

Breadth weakened on Thursday as decliners led advancers 1.55 to 1 on the NYSE and 1.27 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,177              1,162

Decliners        1,831              1,479

(click image to enlarge)

Index Direction     Confirmation

VIX      Up                  Yes – SPX

SOX    Up                  Yes – COMPQ

Leading stocks > 1% on Thursday included TSL, POT, NETL, TIE, HUM, HANS, SOHU, VECO, RVBD, HSY, SINA, CMG, PCX, BA, DOW, F, USD, LXK, CRUS, DISH, UAL,V , GMCR, DLR, FWLT, ARUN, SWN, FAZ, MHS

Losing stocks < -1% included FAZ, GME, UNG, TLT, MCP, JEC, LDK, NDAQ

Four of the big seven NDX stocks BIDU, GOOG, PCLN and QCOM closed higher while AAPL, AMZN and NFLX moved lower.

  

Interest rates moved lower on Thursday and bonds closed slightly higher.  The Euro fell 153 pips to 1.2999 at 5 pm ET. 

The SOX rose +7.68, making a new high close at 424.77 on Thursday and the VIX moved down +0.38 and closed at 17.40.

Three of nine sectors moved higher on Thursday with Technology XLF +0.58% and Healthcare XLV +0.41% leading all sectors. 

Moves on Thursday

Continuation – POT, CRUS, F, GOOG, XLF, C, WYNN, VMW, X, DOW, GS, WFC, BAC, GR, WLT, BYI, CF, FAS, NUE, STLD, A, V,  

Resistance Breakout – PNC, NETL, ILMN, AMZN

Bull Flag Bounce –USD, UNP, CAT

MACD Divergence Bounce –

Support Bounce – FFIV, JASO

Bear Flag Break – SPG, TLT

Break of Support – GES, AZO, ICE, GME, ATW, WFMI

Setup Charts to Watch

Bull Flag Setups – SNDK, ATI, STI, NYX, CLF, SWK, AMD, DHR, JEC, ZION, NDAQ, AGU, URE, FLS, FCX, AIV, SLB, IPI, DECK, WHR

Horizontal Breakout – LVS, DE, MOS, TSL, HSY, SINA, NTAP, AKS, UNG, X,  TBT

MACD Divergence – CMG, CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups –ACN, SKX

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,281, 1,300

Support: 1,256, 1, 241, 1,220

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.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.

 

The short term 3 day trend is up.
The six-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 -0.27 – spinning top

AMZN -1.56 – spinning top, potential bearish harami

NFLX -1.74 – spinning top at support and MACD bullish divergence

QCOM +0.64 – white candle new high close

GOOG +4.43 – potential shooting star

BIDU +0.53 – spinning top and MACD bullish divergence

NDX 100 stocks stronger than the NDX include NVDA, MRVL, MYL, MSFT, DELL, TEVA, FSLR, ESRX, BRCM, ROST, XLNX, ILMN, CTRP, CTXS and MXIM.

Stocks weaker than the NDX: CHKP, ORLY, SHLD, MAT, WFMI, ISRG, GRMN, VRTX, DLTR, EXPE, SBUX, FAST, SPLS, JOYG and EBAY.

Stocks to Watch on Friday
Holding Above 30 DMA
SINA, WLT, NDAQ, USD, GR, RVBD, BYI, CAT, X, FWLT, PCX, CLF, INFA, VMW, SNDK, CRUS, HOLX, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, PNC, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, MCP, ATI, CF, AIV, GS, URE, AGU, MOS, POT, UNP, BA, SWN, UNG, ARUN, NETL, LVS, VECO, CRM, PCP, TBT, TSL
Moving Above 30 DMA = 8

DLR, GMCR, HANS, HUM, HLF, HSY, TIE, UAL

Moving Below 30 DMA = 6

CHL, CREE, DECK, GME, ICE, SLB

Staying Below 30 DMA
CAM, LDK, SPG, ATW, GES, TLT, HAS, MHS, CAKE, MA, SKX, V, CSTR, CMG, SOHU, MCD, FAZ, NTES, LXK

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Day 4...Futures Point to a Higher Open...

Would you like to improve your trading in 2011?

Take the opportunity to read the January 1 post, if you have not already done so, and send your email, which can be the first step to making 2011 your best year yet!  Don’t miss out…

BMO – ES +4.00 and NQ +7.50 futures are higher about 60 minutes before the open in pre-market trading and point to higher open…stocks are mixed on relatively light pre-market volume…Wait for the open and watch for entry/exit signals according to your rules…

TLT is up 22 cents and the Euro is down 55 pips in premarket trading…this could mean lower prices on commodities gold, oil, etc…

NDX leaders AAPL, AMZN, BIDU, GOOG and PCLN are higher in pre-market trading…NFLX is lower…

Dave’s Insight for Thursday:  Follow your rules, stay with the trend and manage your profits by adjusting stops as price move higher…

Setup Charts to Watch

Bull Flag Setups – RMBS, JEC ZION, NDAQ, AGU, URE, GME, FLS, FCX, AIV, SLB, AZO, IPI, GES, ICE, DECK, HSY

Horizontal Breakout – V, NETL, SNDK, ILMN, LVS, SINA, NTAP, AKS, UNG, X, PNC, WHR

MACD Divergence – CMG, CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups –ACN, SKX

Horizontal Support Breakout – TBT

SPX

Resistance: 1,281, 1300

Support: 1,256, 1,241, 1,220

Quoting Down – FCX, MCP, A, RIMM, URBN, NFLX, CHKP

Quoting Up – CMG, CRM, POT, CLF, MA, GS, AGU, VECO, SOHU, SINA, SWN, PCX, RVBD, CAT, FAS, DE, FLS, FDX, ATW, MCD, MOS, AAPL, PCLN, FFIV, GOOG, WYNN, BIDU, NTAP, CTSH

SPX Reverses a Lower Open and Moves to a New High Close...

Would you like to improve your trading in 2011?

Take the opportunity to read the January 1 post, if you have not already done so, and send your email, which can be the first step to making 2011 your best year yet!  Don’t miss out…

After a slightly lower open buyers bought stocks pushing the SPX up +6.36 or +0.50% at 1,276.56.  The SPX is just 5 points below its 1,281 December breakout price target.

(click image to enlarge)

SPX large white candle new high close

INDU spinning top new high close

COMPQ large white candle reversal of Tuesday’s piercing line

RUT large white candle deep into Tuesday’s bearish engulfing

Breadth strengthened on Wednesday as advancers led decliners 1.52 to 1 on the NYSE and 2.41 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,822              1,888

Decliners        1,192                 783

(click image to enlarge)

Index Direction     Confirmation

VIX      Down            Yes – SPX

SOX    Up                  Yes – COMPQ

Leading stocks > 1% on Wednesday included PCX, CRM, TBT, CRUS, ESI, POT, FAS, MA, F, MOS, SNDK, NETL, NETL, DECK, DISH, ARUN, CSTR, UCO, TIE, V, PNC, BAC, PCP, SKX, IPI, GMCR, AMD, CF, DE, AKS, SOHU, NTES, VMW, ATW, SLB, WLT, GR, AGU

Losing stocks < -1% included FAZ, GME, UNG, TLT, MCP, JEC, LDK, NDAQ

Six of the big seven NDX stocks, AAPL, AMZN, BIDU, GOOG, PCLN and QCOM were on the run either closing at new close or making a horizontal breakout of short term resistance.  Only NFLX moved lower.

   

Interest rates jumped near recent highs on Wednesday and bonds opened lower and fell near recent lows.  The Euro fell 154 pips to 1.3152 at 5 pm ET. 

The SOX rose +1.51, closing at 417.09 on Wednesday and the VIX moved down -0.36 and closed at 17.02.

Eight of nine sectors moved higher on Wednesday with Financials XLF +1.20% and Consumer Discretionary XLY +0.82% leading all sectors. 

Moves on Wednesday

Continuation – XLF, NYX, C, CLF, WYNN, SWK, VMW, AMD, X, DOW, GS, WFC, BAC, GR, WLT, BYI, CF, FAS, NUE, STLD, A, DHR

Resistance Breakout – AMZN, CRUS, F, GOOG,

Bull Flag Bounce – MOS, ATI, STI, USD, UNP, CAT, DE

MACD Divergence Bounce –

Support Bounce – FFIV, TSL, JASO,

Bear Flag Break – SPG, TLT

Break of Support – ATW, WFMI

Setup Charts to Watch

Bull Flag Setups – RMBS, JEC ZION, NDAQ, AGU, URE, GME, FLS, FCX, AIV, SLB, AZO, IPI, GES, ICE, DECK, HSY

Horizontal Breakout – V, NETL, SNDK, ILMN, LVS, SINA, NTAP, AKS, UNG, X, PNC, WHR

MACD Divergence – CMG, CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups –ACN, SKX

Horizontal Support Breakout – TBT

Continue to trade with the trend of the chart you are trading. 

SPX

Resistance: 1,281

Support: 1,256, 1, 241, 1,220

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 was an entry signal for bounce and horizontal breakout stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.  No bearish follow through as buyers move stocks higher on Wednesday.

The short term 3 day trend is up.
The six-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 +2.71 – white candle breakout, new high close

AMZN +2.41 – white candle breakout, new high close

NFLX -1.64 – spinning top inside day and MACD bullish divergence

QCOM +1.06 – white candle new high close

GOOG +6.95 – large white candle breakout

BIDU +3.66 – large white candle breakout and MACD bullish divergence

NDX 100 stocks stronger than the NDX include NVDA, ADSK, PCLN, RIMM, EXPE, FFIV, VRTX, AKAM, BIDU, SPLS, CHKP, SNDK, ILMN, CTSH and SYMC.

Stocks weaker than the NDX: DLTR, LRCX, ATVI, COST, KLAC, AMAT, ORCL, INTU, JOYG, INTC, CEPH, NWSA, SIAL, NFLX and TEVA.

Stocks to Watch on Thursday
Holding Above 30 DMA
SINA, WLT, SLB, NDAQ, USD, GR, RVBD, BYI, CAT, X, FWLT, PCX, CLF, INFA, VMW, SNDK, CRUS, HOLX, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, MCP, ATI, CF, AIV, GS, URE, AGU, MOS, POT, UNP, BA, RMBS, SWN, UNG, ARUN, CHL, CREE, NETL, LVS, VECO
Moving Above 30 DMA = 5

CRM, DECK, PCP, TBT, TSL

Moving Below 30 DMA = 0

Staying Below 30 DMA
CAM, DLR, GMCR, HANS, LDK, SPG, ATW, GES, HSY, TLT, HAS, HLF, MHS, CAKE, TIE, MA, SKX, V, CSTR, CMG, SOHU, MCD, UAL, FAZ, NTES, LXK

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Futures Point to a Lower Open...Euro is Lower...

Take the opportunity to read the January 1 post if you have not already done so and send your email, which can be the first step to making 2011 your best year yet!  Don’t miss out on a better 2011…

BMO – ES -4.25 and NQ -5.00 futures are lower about 90 minutes before the open in pre-market trading and point to lower open…stocks are mixed on relatively light pre-market volume…XLK and  XLI are up just 0.25% in pre-market trading….Wait for the open and watch for entry/exit signals according to your rules…

TLT is down 82 cents and the Euro is down 130 pips in premarket trading…this could mean lower prices on commodities gold, oil, etc…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and PCLN are lower in pre-market trading…

Dave’s Insight for Wednesday:  Follow your rules and only sell on your exit signal…

Setup Charts to Watch

Bull Flag Setups – AGU, MOS, URE, GME, FLS, FCX, AIV, SLB, AZO, IPI, GES, ICE, NTRI, DECK, HSY

Horizontal Breakout – SINA, NTAP, AMZN, CRUS, AKS, UNG, X, PNC, WHR

MACD Divergence – CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups – FFIV, ACN, CAKE, HAS, V, SKX

Horizontal Support Breakout – TBT

SPX

Resistance: 1,281

Support: 1,256, 1,241, 1,220

Quoting Down – MCP, CAM, FCX, X, TLT, CRM, WLT, GS, CMG, DE, CLF, VMW, DECK, NYX, HAS, LVS, UNP, CRUS, CHL, MA, ISRG, CERN, PCLN, NFLX, BIDU, AAPL, GOOG, INFY, JOYG, SRCL, MCHP, CTXS, WFMI, WYNN, ALTR

Quoting Up – MOS, POT, CF, AGU, TBT, IPI, FLS, SOHU, ARUN, MICC, ADSK, QCOM, CTSH, NVDA

RUT Bearish Engulfing, COMPQ Dark Cloud as SPX Hangs...

Take the opportunity to read the January 1 post if you have not already done so and send your email, which can be the first step to making 2011 your best year yet!  Don’t miss out…

The SPX sold off to Monday’s S1 level then rallied to close down -1.69 or -0.13% at 1,270.20.  Still 11 points below 1,281 December breakout price target.  The INDU closed higher while the RUT sold off -1.59%.

(click image to enlarge)

SPX black candle inside day potential hanging man

INDU white candle inside day

COMPQ piercing line

RUT bearish engulfing

Breadth weakened on Tuesday as decliners led advancers 1.71 to 1 on the NYSE and 2.11 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,111                 854

Decliners        1,901              1,808

(click image to enlarge)
Gold finally cracks with a fade off resistance.

Index Direction     Confirmation

VIX      Down            No – SPX

SOX    Up                 No – COMPQ

Leading stocks > 1% on Tuesday included SINA, LVS, CLF, DISH, AMD, WLT, NYX, ARUN, UAL, MA, NETL, VECO, SOHU

Losing stocks < -1% included SKX, UCO, NTRI, ESI, URE, ATW, DECK, MCD, SPG, GES, LXK, GMCR, SLV, AIV, HANS, IPI, ATI, DLR, FWLT, CAM, TSL, JEC, LDK, TIE, FLS, STI, CSTR, GME, AGU, ZION, MOS, WHR, RVBD, PNC, HAS, SWN, AKS, BYI 

Interest rates were up slightly on Tuesday and bonds moved slightly higher.  The Euro moved down 54 pips to 1.3306 at 5 pm ET. 

The SOX rose +0.53, closing at 415.58 on Tuesday and the VIX moved lower -0.23 and closed at 17.38.

Three of nine sectors moved higher on Tuesday with Utilities XLU +0.45% and Technology XLK +0.39% leading all sectors.

Moves on Tuesday

Continuation – CLF, WYNN, SWK, VMW, AMD, X, DOW, GS, NDAQ, WFC, BAC, GR, WLT, BYI, CF, FAS, NUE, STLD, A, DHR

Resistance Breakout – NYX, C,

Bull Flag Bounce – LVS, ATI, F, ILMN, ZION, STI, XLF, SNDK, NETL, USD, UNP, CAT, DE, GOOG, JEC

MACD Divergence Bounce –

Support Bounce – CMG, TSL, JASO, RMBS

Bear Flag Break – SPG, TLT

Break of Support – ATW, WFMI

Continue to watch our Bull Flag Setups and Horizontal Breakout Setups for potential entry signal...

Setup Charts to Watch

Bull Flag Setups – AGU, MOS, URE, GME, FLS, FCX, AIV, SLB, AZO, IPI, GES, ICE, NTRI, DECK, HSY

Horizontal Breakout – SINA, NTAP, AMZN, CRUS, AKS, UNG, X, PNC, WHR

MACD Divergence – CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups – FFIV, ACN, HAS, V, SKX

Horizontal Support Breakout – TBT

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,281

Support: 1,256, 1, 241, 1,220

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.  Monday was an entry signal for many stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.  There was a potential short term exit signal on the RUT today.   Prepare for other potential exit signals on Wednesday.

The short term 3 day trend is up.
The six-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 +1.72 – potential hanging man, new high close

AMZN +4.22 – spinning top potential evening star, new high close

NFLX +2.96 doji and MACD bullish divergence

QCOM +0.69 – white candle new high close

GOOG -2.23 – black candle at resistance

BIDU +1.24 – white candle at short term resistance and MACD bullish divergence

NDX 100 stocks stronger than the NDX include CTRP, WYNN, AMGN, MU, NFLX, QCOM, NWSA, VOD, INTC, BIDU, URBN, GILD, WCRX, ISRG and DTV.

Stocks weaker than the NDX: SHLD, ORLY, WFMI, DLTR, SRCL, ROST, BRCM, AKAM, SBUX, MRVL, CELG, APOL, PAYX, MAT and FLIR.

Stocks to Watch on Wednesday
Holding Above 30 DMA
SINA, WLT, SLB, NDAQ, USD, GR, RVBD, BYI, CAT, X, CLF, INFA, VMW, SNDK, CRUS, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, MCP, ATI, CF, AIV, GS, URE, AGU, MOS, POT, UNP, BA, RMBS, SWN, UNG, ARUN, CHL, CREE, NETL
Moving Above 30 DMA = 2

LVS, VECO

Moving Below 30 DMA = 11

CAM, DECK, DLR, GMCR, HANS, LDK, NTRI, PCP, SPG, TBT, TSL

Staying Below 30 DMA
ATW, GES, HSY, TLT, HAS, HLF, CRM, MHS, CAKE, TIE, MA, SKX, V, CSTR, CMG, SOHU, MCD, UAL, FAZ, NTES, LXK

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

 

Futures Point to a Higher Open...

Good morning Chart Signal readers…Welcome to the second trading day of the year…Read the January 1 Post and let me know if you have not yet taken the first simple step to making 2011 your best year yet!  Do it now!

BMO – ES +3.50 and NQ +8.75 futures are higher about 20 minutes before the open in pre-market trading and point to higher open…stocks are up on heavy pre-market volume…XLK and  XLI are up around +0.25% in pre-market trading….

So, look at these charts NFLX, AAPL, AMZN, GOOG, ISRG, MICC, FFIV, POT, WLT, VECO, SINA

TLT is flat and the Euro is up 43 pips in premarket trading…

NDX leaders AAPL, AMZN, GOOG and NFLX are higher in pre-market trading…PCLN is lower…

Dave’s Insight for Tuesday:  Adjust your stops to protect profits according to your rules…

SPX

Resistance: 1,256, 1,281

Support: 1,241, 1,220, 1,209

Quoting Down – MCD, FCX, CMG, SPG, MOS, URE, SRCL, CHRW, PCLN, WFMI

Quoting Up – MA, POT, WLT, VECO, SINA, AGU, GS, VMW, LVS, FLS, CRM, A, SWN, IPI, GES, STI, SNDK, V, PCX, BA, MHS, DECK, NFLX, AAPL, AMZN, GOOG, ISRG, MICC, FFIV, ILMN, VRTX, GILD, QCOM, RIMM, VOD, ALTR, WYNN, AKAM, APOL, DTV, BRCM, BIDU

SPX Highest Close since Sep 3, 2008...

Read the January 1 Post and send your email, if you have not yet taken the first simple step to making 2011 your best year yet!  Don’t be left out…

The SPX closed up at 1,271.89, up +14.25 or +1.13%.  It is now just 10 points away from its 1,281 December breakout price target.  The broad indexes all exploded to the upside on a wide range day with increased volume indicating that institutions were back from the holidays.

All four broad indexes and the TRAN all made new high close.  Both the INDU and TRAN made a new high close confirming the primary uptrend under Dow Theory.

Today was the first trading day of the third year of the Presidential Term Cycle which has the largest average annual gain of the four years.  Since 1945 the third year of the PTC produced a positive gain 100% of the time.

(click image to enlarge)

Breadth strengthened on Monday as advancers led decliners 2.85 to 1 on the NYSE and 3.15 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      2,256              2,059

Decliners           789                 652

(click image to enlarge)

Index Direction     Confirmation

VIX      Down            Yes – SPX

SOX    Up                 Yes – COMPQ

Leading stocks > 1% on Monday included ARUN, RVBD, BAC, FAS, LDK, UAL, UNG, CMG, CLF, GMCR, PCX, VMW, ATI, ZION, SINA, NETL,AMD, CRM, INFA, CRUS, URE, X, GS, SKX, SNDK, F, STI, JEC, DOW, HANS, FWLT, CAKE, CREE, WLT, BYI, AKS, DECK, WHR, ESI, SWK, NYX, BA, SWN, AIV, VECO, NTRI, NDAQ, HOLX, TSL, SPG, NTES, TBT, PNC, PCP, UNP, DLR, A, AMX, GR, LXK

Losing stocks < -1% included FAZ, IPI, ATW, MA, HAS 

Interest rates rose on Monday and bonds moved lower.  The Euro moved down 14 pips to 1.3360 at 5 pm ET. 

The SOX rose +3.23, closing at 415.05 on Monday and the VIX moved lower -0.14 and closed at 17.61.

All nine sectors moved higher on Monday with Financials XLF +2.19% and Consumer Discretionary XLY +1.18% leading all sectors. 

Moves on Monday

Continuation –WLT, AGU, MOS SPG, BYI, URE, CF, GME, FAS, FLS, FCX, NUE, STLD, A, DHR

Resistance Breakout – CLF, WYNN, AMD, X, AIV, DOW

Bull Flag Bounce – WFMI, WYNN, AMD, ATI, NDAQ, F, SINA, CLF, ILMN, NTAP, ZION, STI, WFC, BAC, XLF, VMW, SNDK, GS, SWK, NETL, USD, CRUS, UNP, AKS, GR, FFIV, AMZN, CAT, DE, GOOG, ACN, JEC

MACD Divergence Bounce –

Support Bounce – CMG, TSL, JASO, RMBS

Bear Flag Break – TLT

Break of Support –

Setup Charts to Watch

Bull Flag Setups – AZO, IPI, GES, ICE, LVS, NTRI, ATW, DECK, HSY

Horizontal Breakout – C, UNG, X, PNC, NYX, WHR, SLB

MACD Divergence – CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups – HAS, V, SKX

Horizontal Support Breakout – TBT

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,281

Support: 1,256, 1, 241, 1,220

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.  Monday was an entry signal for many stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.

The short term 3 day trend is up.
The six-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 +7.01 – large white in bull flag bounce and breakout, new high

AMZN +4.22 – white candle bull flag bounce

NFLX +2.71 – piercing line at support and MACD bullish divergence

QCOM +0.69 – spinning top in bull flag bounce

GOOG +10.38 – white candle in bull flag bounce

BIDU +3.20 – white candle bounce and MACD bullish divergence

NDX 100 stocks stronger than the NDX include WYNN, NTAP, ISRG, ESRX, PCLN, SBUX, BIDU, FFIV, MU, EBAY, CTRP, CTSH, ADSK, SNDK and VRTX.

Stocks weaker than the NDX: LRCX, NIHD, EXPE, URBN, INTC, VMED, CTXS, STX, FLIR, VOD and MRVL.

Stocks to Watch on Tuesday
Holding Above 30 DMA
SINA, CAM, WLT, SLB, NDAQ, USD, DECK, GR, RVBD, BYI, CAT, X, CLF, INFA, VMW, SNDK, CRUS, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, NTRI, ATI, CF, AIV, GS, URE, AGU, MOS, POT, UNP, BA, SPG, RMBS, SWN, DLR, UNG, AMX, TSL
Moving Above 30 DMA = 9

ARUN, CHL, CREE, GMCR, HANS, LDK, NETL, PCP, TBT

Moving Below 30 DMA = 4

ATW, GES, HSY, TLT

Staying Below 30 DMA
HAS, HLF, CRM, MHS, CAKE, TIE, MA, SKX, V, CSTR, VECO, CMG, SOHU, MCD, LVS, UAL, FAZ, NTES, LXK

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

It's a New Year...It's a Beautiful Morning and Futures Point to a Higher Open...

Good morning Chart Signal readers…It’s Beautiful Morning this first trading day of the year…Read the January 1 Post and send your email, if you have not already taken the first simple step to making 2011 your best year yet!  Don't be left out...

BMO – ES +10.00 and NQ +21.75 futures are higher about 20 minutes before the open in pre-market trading and point to higher open…stocks are up on heavy pre-market volume…XLB and  XLF are up more than 1% in pre-market trading….

So, look at these charts X, AGU, MOS, FCX, DOW, BAC, GS, TBT, FAS

TLT is down 92 cents and the Euro is up 8 pips in premarket trading…

NDX leaders AAPL, AMZN, BIDU, GOOG and PCLN are higher in pre-market trading…NFLX is lower…

Dave’s Insight for Monday:  Stay with your up trending trades until you see your exit signal…

SPX

Resistance: 1,256, 1,281

Support: 1,241, 1,220, 1,209

Quoting Down – TLT, FAZ, AMX, MHS, URBN, NFLX, MICC

Quoting Up – PCP, CMG, GS, WLT, CRM, AGU, LVS, CLF, BA, MOS, POT, FCX, FAS, X, CSTR, SPG, SLB, CREE, HAS, ATI, VMW, TBT, CAT, SNDK, BAC, RVBD, V, DE, CHL, FCX, SOHU, STI, SINA, MCD, ARUN, DOW, LDK, AMD, PCLN, FFIV, ISRG, AAPL, GENZ, GOOG, AMZN, BIDU, FSLR, PCAR, NIHD, JOYG, CTXS, NTAP, BRCM

It's a Beautiful Morning...Happy New Year...

I hope you had a great New Year's Celebration...

It is a beutiful morning here with the sun shining brightly here in more ways than one...

So it's a New Year...

Let's do something new that will make a difference in your life in 2011...

Decide what portofolio return you would like to achieve in 2011...

Do it Right Now...

Send an email to chartsignals@yahoo.com and state three things in your email...
1.  what portfolio rate of return you would like to achieve in 2011,
2.  what rate of return you achieved in 2010, and
3.  what you think you need to differently to do differently to achieve your 2011 portofolio return objective...

Then Chart Signals will focus its efforts on doing things in a new way to help you achieve your desire...

Most everyone has heard Einstein's great definition of Insanity: doing the same thing over and over again and expecting different results.

It's time to Stop the Insanity and start doing new things in new ways to achieve the better results that you desire...

A journey of a thousand miles begins with the first simple step...

That first simple step...Decide right now what return you want to achieve in 2011 and then send your email including the three points listed above to chartsignals@yahoo.com ...do it now so you can start moving towards what you really want...

The second simple step listen to this just for fun... http://www.youtube.com/watch?v=WrwhfhncPfM&feature=related

The third simple step come back each day beginning Monday January 3, 2011 ready to move towards your desire with focus, effort and concentration...

I just have this feeling that 2011 really is going to be very Happy New Year!

Let Chart Signals help you get that feeling too...