Bearish Harami Monday - Yellow Alert

DJIA - 51.29, -0.64% SP500 - 8.72, -1.01% NASDAQ Comp. - 14.88, -0.88% Russell 2000 - 9.21, -1.92% Exchange NYSE NASD Advancing 1,187 950 Declining 2,540 1,820 Oil $50.14 -$1.41 Gold $907.50 -$6.10 SOX 250.80 -2.85 VIX 38.32 +1.50 The VIX moved up and did confirm the move down in the SPX on Monday. Strongest Sectors: XLV +1.09%...XLU +0.71%...XLP +0.60% Weakest Sectors: XLB -2.19%...XLI -1.99%...XLE -1.89% Four of nine Sectors; Healthcare, Utilities, Consumer Staples and Technology outperformed the SPX. Financial stocks stronger than XLF -1.62% include ICE, TRV, AOC, GS, MMC, CB, ALL SCHW, NTRS and TROW. Leading tech stocks stronger than XLK -0.47%: QCOM, GLW, AAPL, T, AMT, DELL, ORCL, IBM and CSCO. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU Monday’s price action formed an inside day on the SPX, DJIA and Nasdaq. The RUT formed lower higher and lower low. This could be the first time since this up trend started on March 10 that an up move has not led to a higher high. A close look at the SPX could be interpreted as a potential double top or a potential shift into a sideways trend. Check out the bearish harami inside day on the SPX: (click image to enlarge) Index Commentary - Yellow Alert The DJIA formed a bearish harami…volume was below average at 283 million shares…closed above its 20, 30 and 50 DMA. The SPX formed a bearish harami and inside day…closed above its 20, 30 and 50 DMA. The Nasdaq formed a shooting star and bearish harami…closed just below horizontal resistance of 1682…short term chart price target is 1,765…closed above its 20, 30 and 50 DMA. The RUT formed a bearish harami…closed above its 20, 30 and 50 DMA At the Open on Tuesday SPY – shooting star ALGT – bull flag support bounce at 30 DMA RS – spinning top at 200 DMA ICE – support bounce at 20 DMA XLNX – white spinning top AMGN – breakout of 50 DMA DECK – at support of 30 DMA SNDA – spinning top support bounce at 20 DMA EBAY – inside day at 200 DMA GME – spinning top inside day at 200 DMA SHLD – spinning top inside day at 200 DMA ADS – spinning top AG – bearish harami at horizontal resistance LEAP – large white candle rise to 30 DMA ISRG – bearish harami Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA BIDU, CLB, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, AXYS, BAP, CAM, GMCR, JCOM, JOSB, ATW, GR, SYNA, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BYI, CBST, HLF, AMX, MHS, WAB, FAS, AFAM, JW.A, K, RBN, ESRX, PCLN, URE, VAR, PCR, PPD, HANS, SWN, FLS, SNHY, JOYG, GILD, GXDX, TDG, NIHD, RCI, STRA, CPLA, ACN Moving Above 30 DMA = 3 AMED, DLTR, NFLX Moving Below 30 DMA = 3 CHL, EZPW, SPWRA Staying Below 30 DMA MCD, BDX, GPRO, PETS, CBST, MYGN, DV, MUR, SLGN, TDG, BIIB, MOS, NTLS, MON, WMT, GILD, BKC, APEI, BLUD, ESI, GXDX, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral