SPX New High Close...

DJIA + 114.95, +1.25% SP500 + 15.15, +1.53% NASDAQ Comp. + 30.11, +1.52% Russell 2000 + 9.07, +1.63% Exchange NYSE NASD Advancing 2,352 1,913 Declining 414 814 Oil $71.58 +$2.13 Gold $956.60 +$2.90 SOX 307.02 +5.28 VIX 25.56 -0.36 The VIX moved down and did confirm the move up in the SPX on Monday. Strongest Sectors: XLB +3.54%...XLF +2.57%...XLF +2.54% Weakest Sectors: XLP +0.12%...XLV +0.61%...XLU +1.00% All of nine sectors moved higher and XLY was unchanged on Firday. Materials, Energy, Financials, Industrials and Consumer Discretionary were stronger than the SPX +1.53%. Financial stocks stronger than XLF +2.57%: KEY, WFC, MET, PRU, TRV, ZION, STT, BAC, PNC, BK, CB, AFL, MS and ETFs UYG and FAS. Tech stocks stronger than XLK +1.37%: EBAY, MA, CSCO, AMT, ADP, SYMC, GOOG, AAPL, IBM, EMC, QCOM, DELL and AMAT. Sector Watch Up Trending: XLK, XLB, XLY Horizontal Breakout: XLV Sideways: XLE, XLF, XLP, XLI, XLU Down Trending: XLB and XLY have moved to Up Trending status from Horizontal Breakout. SPX Key resistance levels: 1,003 = Monday’s high 1,007 = November horizontal 1,025 = 950 Chart target Key support levels: 996 = Thursday’s high 980 = last broken resistance now support 962 = 161.8% Fib extension 944 – 956 = old January/June/July resistance The SPX, DJIA and RUT moved to new intraday and new high close. The Nasdaq Composite and NDX 100 both had a new high close but just missed breaking Thursday’s intraday high. The SPX high of 996 on Thursday to the low 983 low on Friday was 13 points. Today the SPX broke through Thursday’s resistance give a short term price target of 1,009 which is close to the horizontal resistance of 1,007. Both the VIX and SOX confirmed today’s rise. Monday was again a high day. Watch Monday’s S1 level as the first line of short term support. With the index near horizontal resistance traders must be aware of the potential for a bounce down or a break out of resistance. AAPL rose $3.04 and QCOM was up 76 cents. GOOG rose $9.16 and BIDU was up $6.31. Strong Nasdaq 100 stocks included EBAY, ISRG, CSCO, ADP, SYMC, AMZN, CMCSA and BIIB. Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA PWRD, CPLA, ACN, PSYS, MHS, SLGN, AMED, ALGT, PPD, AMX, NFLX, BYI, CTSH, AAPL, DLTR, ESRX, PETS, USD, BIDU, FUQI, GMCR, HLF JOSB, AMZN, ATW, BAP, CAM, DLB, EBAY, FAS, GES, GILD, JCOM, NIHD, ORCL, PCLN, RCI, SNHY, TDG, TRLG, UYG, WRC, ESI, MOS, MUR, WCG, SNA, X, CBST, CHL, SWN, WAB, BLUD, CLB, HDB, JOYG, PCP, RIMM, URE, WMT, EZPW, MON, RBN, STRA, AFAM, CHL, FLS, PWR, VAR, SPWRA, BKC, DV, GR, CLB, HANS, BIIB, GXDX, HDB, JEC Moving Above 30 DMA = 2 GME, VPRT Moving Below 30 DMA = 1 K Staying Below 30 DMA FSLR, GPRO, SYNA, BDX, JW.A, DECK, MCD, FAZ, APEI, NTLS, ICE, MYGN Intermediate Term Market Trend: SPX, DJIA, RUT = Neutral, Nasdaq = Up Short Term Market Trend: Up