Buyers Take Over Create Strong Suppot Bounce...

DJIA + 185.16, +2.27% SP500 + 21.92, +2.49% NASDAQ Comp. + 37.18, +2.12% Russell 2000 + 12.33, +2.56% Exchange NYSE NASD Advancing 2,527 1,952 Declining 477 722 Oil $59.69 -$0.20 Gold $922.50 +10.00 SOX 265.29 +6.25 VIX 26.31 -2.71 The VIX moved down and did confirm the move up in the SPX on Monday. Strongest Sectors: XLF +6.40%...XLB +3.04%...XLI +2.56% Weakest Sectors: XLE +1.09%...XLY +1.52%...XLU +1.63% All nine sectors moved higher on Monday. Only Financials, Materials and Industrials were stronger than SPX +2.49%. Financial stocks stronger than XLF +6.40%: BAC, PRU, ZION, WFC, IVZ, MS, MET, C, JPM, AFL, ALL, USB, STT and ETFs UYG and FAS. Tech stocks stronger than XLK +1.88%: AMAT, MSFT, MA, ADBE, EBAY, INTC, IBM, AMT, AAPL, GOOG, GLW, QCOM and TXN.. Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY Sideways: XLE, XLV, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 911 = 50 DMA 920 = horizontal end of May high 930 = horizontal 944 – 956 = January/June horizontal 962 = 161.8% Fib extension Key support levels: 878 = 200 DMA 870 -875 = horizontal Financial stocks lead the broad market higher as banks, insurance and brokerage stocks make large gains. PPI and Retail Sales Reports will be out before the market up and could act as a catalyst to move the market higher. Retail stocks related stocks like TRLG, GES, JOSB, SHLD, URBN and ARO could move higher with a better than expected report. Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA PWRD, K, CPLA, ACN, PSYS, MHS, SLGN, AMED, ALGT, PPD, AMX, NFLX, BYI, CTSH Moving Above 30 DMA = 6 AAPL, BDX, DLTR, ESRX, ORCL, PETS, USD Moving Below 30 DMA = 2 FAZ, FUQI Staying Below 30 DMA HLF, STRA, BKC, GILD, APEI, DECK, DV, GMCR, NTLS, VPRT, BIDU, HDB, SYNA, CBST, CHL, ESI, GES, GXDX, ICE, JCOM, JW.A, PCLN, PETS, 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, EZPW, WAB, FSLR, WMT, DLB, JOSB, HANS, GME Intermediate Term Market Trend: Neutral Short Term Market Trend: Up