SPX New High Close...

DJIA +51.01 +0.52% SPX +7.00 +0.66% Nasdaq +8.26 +0.39% RUT +4.72 +0.77% Exchange NYSE NASD Advancing 2,173 1,552 Declining 875 1,159 Oil 71.55 +1.84 Gold 1,014.40 +10.50 SOX 329.33 +2.93 VIX 23.08 -0.98 The VIX moved down and did confirm the move up in the SPX on Tuesday. The SOX moved up and did confirm the move up in the Nasdaq. Strongest Sectors: XLF +2.27%...XLE +1.57%...XLI +1.19% Weakest Sectors: XLV -0.31%...XLU -0.27%...XLP +0.20% Seven of nine sectors moved higher on Tuesday. Financials, Energy, Industrials, and Materials were stronger than the SPX +0.66%. Financial stocks stronger than XLF +2.27%: C, ZION, MS, JPM, RF, WFC, SCHW, KEY, TROW, IVZ and ETF’s UYG and FAS. Tech stocks stronger than XLK +0.53%: AMAT, MSFT, EMC, ADP, HPQ, EBAY, MA and ADBE. Sector Watch Up Trending: XLK, XLB, XLY, XLV Horizontal Breakout: XLF Sideways: XLE, XLP, XLI, XLU Key Resistance Levels: 1,075 = 875 Breakout Chart Target 1,100 = September 2008 Old Supportesu9 Key Support Levels 1,061 = Sep 16 S1 Level 1,044 = October Horizontal Old Resistance 1,025 = 950 Breakout Chart Target 1,017 = Aug 27 Support Low The SPX traded higher on Tuesday in a narrow range of just 7 points closing at 1,071.66 its first close over 1,070 since October 3, 2008. Financials again led the SPX higher with strong sector gains. Energy and gold stocks also moved higher as oil and gold prices rose. Airline and education stocks cooled off on Tuesday after Monday’s strong gains on above average volume. Guidance: Stay with the trend continues to be the correct strategy even with Monday’s pull back that was reversed on Tuesday. SPX, Nasdaq, RUT and DJIA all had a new high close on Tuesday. The price action continues to look like a horizontal bull flag. Thursday is still the high day for the SPX and DJIA. Tuesday was a new high day for the Nasdaq and RUT. Short term traders continue to be on Yellow Alert. Many of the stocks in our Breakout list are forming horizontal bull flags similar to the SPX. Potential Breakout Setups: HANS, DE, AKAM, AMZN, STT Breakout: JCG, RIMM, APOL, FSLR, MA, CAT, JOYG, FWLT, DOW, FAST, DD, X, WHR, SPG, BDK, FLS, BIDU, NWSA, V, FLIR Pulling Back: Potential C Patterns: C Pattern Breakout: ADSK Flag Setups and Bounces in Progress: WLT, ZION, WYNN, BUCY, X, MRVL, AXP. AGU, AMAT, JEC, JCI, TXN, XLNX, ADBE, HOLX, BAC, INTC Potential Down Trend Setups: AGCO AAPL +0.46 QCOM -0.28 GOOG +2.06 BIDU -3.96 NDX 100 stocks stronger than the WYNN, JOYG, AMZN, EXPE, FWLT, JBHT, PAYX, FAST, DISH, RYAAY, AKAM, LRCX, DTV, NIHD, CERN, URBN, ADP, STX, INTU, NTAP, MRVL, BRCM, CTSH and MICC. Stocks to Watch on Wednesday Leading Stocks Holding Above 30 DMA PSYS, CTSH, AAPL, PETS, USD, JOSB, CAM, EBAY, PCLN, SNHY, TDG, CBST, WAB, CLB, PCP, RBN, VAR, CLB, BIIB, GES, HDB, ESRX, BDX, DLTR, NTLS, MYGN, ICE, NIHD, K, FLS, GXDX, WCG, BAP, FAS, FUQI, GME, JEC, PWR, PWRD, RCI, RIMM, WRC, UYG, BIDU, HDB, JW.A, ATW, EZPW, MUR, JOYG, X, URE, TRLG, EBAY, GPRO, HLF, MHS, PPD, PSYS, SWN, SYNA, ALGT, DECK, VPRT, AMZN, GMCR, ACN, SPWRA, SLGN, AFAM, FSLR, JCOM, NFLX, HANS, ICE, MCD, APEI, DLB, DV, AMED, BKC, CPLA, ESI, GILD, STRA Moving Above 30 DMA = 4 BLUD, CHL, GR, SNA Moving Below 30 DMA = 0 Staying Below 30 DMA MOS, AMX, BYI, ORCL, WMT, MON, FAZ Intermediate Term Market Trend: DJIA = Neutral, Nasdaq, RUT, SPX = Up Short Term Market Trend: Neutral