It's Hammer Time...

DJIA + 44.13, +0.53% SP500 + 2.30, +0.26% NASDAQ Comp. - 9.12, -0.51% Russell 2000 - 3.18, -0.64% Exchange NYSE NASD Advancing 1,237 966 Declining 1,754 1,679 Oil $64.05 -$2.68 Gold $930.70 -$6.70 SOX 260.24 -3.57 VIX 29.00 +1.05 The VIX moved up and did NOT confirm the move up in the SPX on Monday. Strongest Sectors: XLP +2.05%...XLV +0.78%...XLU +0.58% Weakest Sectors: XLE -1.02%...XLB -0.80%...XLK -0.28% Six of nine sectors moved higher on Monday. Consumer Staples, Healthcare, Utilities, and Consumer Discretionary were stronger than the SPX +0.26%. Financial stocks stronger than XLF +0.09%: AXP, SPG, MET, BK, ALL, NTRS, RF, PRU, AOC, GS, PNC, TRV, CB, AFL, SCHW, TROW, JPM, ICE, STT, ZION, USB and ETF UYG. Tech stocks stronger than XLK -0.28%: DELL, QCOM, AMAT, EMC, T, EBAY, VZ, TXN, GLW, MA, GOOG, ADP, CSCO and IBM. Sector Watch Horizontal Breakout: XLB, XLK, XLYSideways: XLE, XLV, Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY Sideways: XLE, XLV, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 908 = 50 DMA 920 = horizontal end of May high 930 = horizontal 944 – 956 = January/June horizontal 962 = 161.8% Fib extension Key support levels: 888 = June 22 weekly low 887 = 200 DMA 875 = horizontal The SPX, Nasdaq, DJIA and RUT all formed a hammer as each found support near a MA or horizontal support. The SPX found buyers at its 200 DMA, the 886 area and then rallied to close at 898.72 At the Open on Monday SPY – white spinning top QQQQ – hammer FUQI – doji GMCR – white spinning top SHLD – piercing line FAS – white spinning top FAZ – black spinning top ESRX white spinning top JOYG – hammer STT – white spinning top X – black spinning top AMZN – hammer AAPL – hammer PCLN – black spinning top BIDU – hammer GES – black spinning top NFLX – white spinning top PWRD – doji Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA VPRT, K, DV, CPLA, BDX, AAPL, ORCL, DECK, CPLA, DV, STRA, GILD, ACN, APEI, PSYS, ESRX, NFLX, BYI, MHS, NTLS, BKC, SLGN, USD, AMED, AMX, CTSH, HLF, GMCR, FAZ Moving Above 30 DMA = 1 ALGT Moving Below 30 DMA = 3 BIDU, HDB, SYNA Staying Below 30 DMA CBST, CHL, ESI, GES, GXDX, ICE, JCOM, JW.A, PCLN, PETS, PPD, TDG, WCG, WRC, GR. JOYG, MCD, TRLG, AMZN, MYGN, PWR, X, BAP, GPRO, JEC, NIHD, SNHY, UYG, BLUD, RBN, AFAM, ATW, BIIB, FLS, VAR, PCP, SWN, MUR, RIMM, SPWRA, CAM, CLB, MOS, EBAY, FAS, MON, RCI, SNA, URE, DLTR, EZPW, WAB, FSLR, WMT, DLB, JOSB, HANS, GME Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral