Bearish Harami Monday...

DJIA - 155.88, -1.82% SP500 - 19.99, -2.15% NASDAQ Comp. - 7.76, -0.45% Russell 2000 - 9.88, -1.93% Exchange NYSE NASD Advancing 1,077 1,125 Declining 2,651 1,668 Oil $58.50 -$.13 Gold $913.00 -$1.40 SOX 248.86 -0.79 VIX 32.87 +0.82 The VIX moved up and did confirm the move down in the SPX on Monday. Strongest Sectors: XLK +0.29%...XLU -0.44%...XLP -0.48% Weakest Sectors: XLF -5.84%...XLE -3.05%...XLI -2.98% Eight of nine Sectors moved lower on Monday. Technology, Utilities, Consumer Staples, Materials, Health Care and Consumer Discretionary were stronger than SPX -2.15%. Financials, Energy and Industrials, last week’s winners, were Monday’s biggest losers. Financial stocks weaker than XLF -5.84% include: PRU, PANC, STT, AFL, USB, KEY, ZION, RF, MET, BAC, AXP, BK, JPM, MS, TROW, IVZ, WFC and ETF’S UYG and FAS. Leading tech stocks stronger than XLK, +0.29% include: SYMC, ADBE, YHOO, DELL, IBM, ORCL, HPQ, INTC, T, AMT, QCOM and AAPL. Stocks weaker include: GLW, EMC and MA. Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY Sideways: XLE, XLV, XLF, XLP, XLI Down Trending: XLU After Friday's thrust day, stocks again had a pause day. Tomorrow can be a second pause day or rotate to a thrust day once again. Many stocks formed a high day Thursday or Friday and are still above the low of the high day. That puts us on Yellow Alert again for short term traders looking for a break of the low of the high day. Trading rotated out of financials and into tech stocks on Monday as all four major indices finished lower. The SPX, DJIA and RUT each formed a bearish harami candle pattern. The DJIA could also be viewed as tweezers top candle pattern. The SPX stayed above key support levels: 904 = weekly S1 891 = 38.2% Fib level 875 = horizontal Tech stocks that pulled back from their highs finished slighty higher or lower for the day. Look at MSFT, AAPL, CSCO, GOOG, ORCL, INTC, QCOM, RIMM, AMZN and EBAY, they had a total net change of $1.18. That's for all ten stocks, six were up and four were down. Index Commentary - Yellow Alert The DJIA…bearish harami, tweezers top…again closed above horizontal resistance at 8,405…three month chart target 10,340…volume slightly below average at 332 million shares…closed above its 20, 30 and 50 DMA. The SPX…bearish harami…3 month chart target of 1,075…closed above its 20, 30 and 50 DMA. The Nasdaq formed a white spinning top above Thursday’s low…below its 200 DMA…consolidating after reaching short term chart price target of 1,765…3 month chart target of 2,065…closed above its 20, 30 and 50 DMA. The RUT formed a bearish harami…3 month chart target 606…closed above its 20, 30 and 50 DMA Can you tell the difference between a Bullish Harami, Bullish Engulfing and a Piercing Line pattern? (click image to enlarge) At the Open on Tuesday SPY – black spinning top in horizontal flag FAS – black spinning top in pennant STT – black candle at low of high day HANS – white candle…resistance break…new high close WYNN – white candle confirm bullish harami KOL – shooting star in horizontal flag SCHN – black spinning top close below of the high day EBAY – white spinning top in pennant above 200 DMA ISRG – white spinning top above horizontal break out SNDA – bullish engulfing ZION – bearish harami LEAP – white spinning top ADBE – bullish engulfing in bull flag Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA BIDU, CLB, ICE, DLB, VPRT, AAPL, CTSH, AXYS, BAP, CAM, GMCR, JOSB, ATW, GR, SYNA, EBAY, GES, SNA, WRC, HDB, PCP, UYG, FSLR, 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, TDG, NIHD, RCI, STRA, ACN, AMED, EZPW, JOYG, MON, MUR, PSYS, SPWRA, NTLS, CHL, DECK, MOS, GXDX Moving Above 30 DMA = 3 AMZN, DV, PETS Moving Below 30 DMA = 3 JEC, MCD, PWR Staying Below 30 DMA DLTR, USD, DECK, ORCL, SYNA, ALGT, JCOM, NFLX, GME, CPLA, GILD, GPRO, BDX, CBST, MYGN, SLGN, BIIB, WMT, BKC, APEI, BLUD, ESI Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral