.
All nine sectors moved higher on Monday, XLV, XLY and XLF were the strongest sectors.
Breadth strengthened as advancers led decliners 3.14 to 1 on the NYSE and 3.21 to 1 on the NASDAQ.
Exchange NYSE NASDAQ
Advancers 2,306 1,952
Decliners 734 607
Monday’s trading was a strong support bounce continuation trend move. Ninety four of the NDX 100 rose led by AAPL +10.93, +1.83% which closed at $606.98 on 21.2 million shares.
The SPY moved up $1.96 on volume of 119.1 million shares. Thursday night's SPY Apr 141 paper trade filled on Friday at $1.31 at 11:30:20, closed on Monday at $2.37, +1.06 or +80.9%. Not bad for a person with no leaping ability!
Money Flow
Euro +89 pips 1.3355
TNX +0.07 22.44
TLT -0.58 112.63
XLF +0.24 15.97
SPX +19.40 1,416.51
VIX -0.56 14.26
RUT +1.94%
COMPQ +1.78%
NDX +1.81%
SPX +1.39%
INDU +1.23%
Money Flow on Monday the Euro, SPX and XLF moved higher. TNX moved slightly higher and bonds TLT moved lower. The VIX moved lower and did confirm the SPX move on Monday.
Our Friday comment was right on…“Going into next week, if the Euro continues to move higher, we will look for strength in financials XLF and SPX to follow through with the support bounce that started on Friday.”
The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18
(click image to enlarge)
Continuation: CLF, A, PCLN, SBUX
Flag Move: RCL, BRCM, ZION, STI, CREE, GLW, CMG, TPX, HLF, LVS, CSTR, INFA, SWI, DOW, COH, SWK, VECO, DHR, URE, SMH, POT, SOHU, CROX, JDSU, WYN,
Breakout Move: SWI, SMH, BIDU, BAC, FAS, VMW, V, DLR, GS, ROST, KLAC, ISRG, AMZN, GOOG, BIIB, WYNN, CTXS, QCOM, CELG, ORLY, CHKP, ADSK
(click image to enlarge)
Flag Setups: AKS, X, SWKS, NGLS, TIF, ANF, C, TBT, CIEN, SHLD
Breakout Setups: GLW, CROX, JDSU, BRCM, CSTR, POT, SOHU, HLF, LVS, INFA, DOW, COH, DHR, CF, ZAGG, PNRA, NTAP, AKAM, FOSL, CERN, AAPL, WYNN, FFIV, GRMN, ADBE
Leading stocks > +2% on Monday included TSLA, SWI, FAS, CROX, CSTR, KKD, SOHU, ESI, JDSU, RCL, POT,LDK, GRPN, GLW, INFA, DECK, COH, HUM, DE, TPX, SNDK, LVS, UNP, CRM, CMG, RVBD, UAL, NDAQ, FFIV
Losing stocks < -2.0% included TSL, SINA, FAZ
NDX 100 stocks stronger than the NDX included BIDU, AMZN, BIIB, EXPE, CTXS, WCRX, ADSK, AKAM, ROST and QCOM.
Stocks weaker than the NDX include GMCR, MU, VRTX, SHLD, SIRI, STX and MRVL.
Eight NDX stocks ALTR, AKAM, ESRX, FLEX, INTU, LLTC, MYL and WCRX closed above the 30 DMA and one MU moved below making 80 NDX stocks above their 30 DMA.
Stocks to Watch on Tuesday
Holding Above 30 DMA = 56
CMG, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, ICE, TIF, DLR, SNDK, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, ARUN, DOW, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, CF, POT, SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, MOS, UCO
Moving Above 30 DMA = 7
DE, HUM, NKE, RVBD, TSLA, UAL, UNP
Moving Below 30 DMA = 1
AKS
Staying Below 30 DMA
SINA, F, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, WLT, FCX, GRPN, ANR, PCX
Five Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
