Doji Tuesday...

DJIA + 1.36, +0.02% SP500 - 0.95, -0.10% NASDAQ Comp. - 7.02, -0.38% Russell 2000 - 5.57, -1.05% Exchange NYSE NASD Advancing 1,081 1,064 Declining 1,856 1,678 Oil $68.09 -$0.35 Gold $951.70 -$10.00 SOX 270.59 -0.15 VIX 29.77 +0.15 The VIX moved up and did confirm the move down in the SPX on Monday. By the end of the day indices were essentially unchanged. Strongest Sectors: XLY +0.92%...XLF +0.73%...XLP +0.38% Weakest Sectors: XLV -1.09%...XLU -0.63%...XLK -0.60% Four of nine sectors moved higher on Monday. Consumer Discretionary, Financials, Consumer Staples and Industrials were stronger than the SPX -0.10%. Financial stocks stronger than XLF +0.73%: MET, PNC, ICE, AXP, WFC, JPM, USB, RF, BAC, MS, ALL, MMC, BK, TROW, IVZ, AFL, AOC and ETFs UYG and FAS. Leading tech stocks stronger than XLK +0.99% include: DELL, ORCL, SYMC, TXN, IBM, HPQ, VZ, CSCO, INTC, QCOM, GLW, EMC, MSFT and AAPL. Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY, XLE Sideways: XLV, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 944 = January horizontal 962 = 161.8% Fib extension Key support levels: 930 = horizontal & 200 DMA 913 = Friday’s S1 907 = Friday’s S2 899 = Thursday’s S1 875 = horizontal On Monday CSCO and TRV were added to the DJIA and GM (GMGMQ) and C were removed. CSCO was unchanged while TRV rose 47 cents or +1.08%. We alerted you on Friday that continuing consolidation was probable and that is what the market delivered on Monday. An early morning sell off and a late afternoon rally formed a doji with near unchanged numbers for the SPX and DJIA. Key Nasdaq stocks GOOG, ISRG, AAPL, AMZN and RIMM moved lower on Monday. BIDU was near unchanged while FSLR, SHLD, APOL and ESRX moved higher. Gold dropped another $10 and gold stocks GDX, GLD and NEM moved lower while AEM, GOLD and GG moved higher. Oil prices fell 35 cents while many oil stocks were near unchanged. Index Commentary The DJIA formed a doji and barely a new high close… three month chart target 10,340…volume was a below average 189 million shares …closed above its 20, 30, 50 and 200 DMA. The SPX formed a doji …3 month chart target of 1,075…closed above its 20, 30, 50 and 200 DMA. The Nasdaq formed a white spinning top…3 month chart target of 2,065…closed above its 20, 30 50 and 200 DMA. The RUT formed a black spinning top….3 month chart target 606…closed above its 20, 30, 50 and 200 DMA. At the Open on Monday SPY – spinning top KOL – hammer USD – white spinning top FAS – white spinning top JOYG – doji BIDU – white hanging man ADBE – black spinning top X – doji ISRG – black spinning top above 200 DMA FWLT – black spinning top SHLD – white spinning top UNG – doji NTAP – white spinning top ORLY – white spinning top OSG – hammer ZION – doji CTV – hammer AAPL – doji RIMM – white spinning top at horizontal resistance VPRT – white spinning top Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA BIDU, CLB, ICE, VPRT, CTSH, BAP, CAM, GMCR, ATW, GR, EBAY, TRLG, HDB, PCP, RIMM, WCG, UYG, HLF, AMX, K, PCLN, VAR, PCR, PPD, SWN, FLS, TDG, NIHD, RCI, JOYG, MUR, PSYS, CHL, MOS, DV, AXYS, BIIB, BYI, CPLA, SPWRA, SYNA, X, MCD, BDX, CBST, AAPL, DLTR, ESRX, GES, GXDX, ORCL, RBN, USD, WRC, DECK, FAS, WMT, CPLA, JEC, MYGN, PWR, URE, AMZN, DV, EZPW, JCOM, JOSB, SNA, SNHY, STRA, BLUD, GILD, SLGN, JW.A Moving Above 30 DMA = 1 FSLR Moving Below 30 DMA = 4 AFAM, MHS, NTLS, ACN Staying Below 30 DMA APEI, WAB, DLB, ESI, HANS, URE, MON, AMED, PETS, PWR, ALGT, NFLX, GME, GPRO, BKC Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral