SPX Rises to Resistance Again...Dow 52-week High...

I would appreciate receiving an email from you at chartsignals@yahoo.com on: What features in Chart Signals do you find of greatest interest or value? I am evaluating additional changes and would like to know what you find worthwhile. If you would email me today that would be greatly appreciated. DJIA + 132.79 +1.29% SP500 + 14.86 +1.36% COMPQ + 29.97 +1.40% Russell 2000 + 10.13 +1.73% Exchange NYSE NASD Advancing 2,347 1,934 Declining 666 790 Oil $77.56 +0.98 Gold $1,164.70 +18.00 SOX 311.52 +3.55 VIX 21.16 -1.03 The VIX moved down and did confirm the move up in the SPX on Monday. The SOX moved up and did confirm the move up in the COMPQ. Strongest Sectors: XLI +1.82%...XLK +1.75%...XLF +1.44% Weakest Sectors: XLP +0.76%...XLY +0.87%...XLV +0.92% All nine sectors moved higher on Monday. Industrials, Technology and Financials were stronger than the SPX +1.36%. Sector Watch Up Trending: XLK, XLB, XLY, XLV, XLP, XLE Horizontal Breakout: XLF, XLI, XLU Sideways: Down Trending: Key Resistance Levels: 1,110 = October High 1,025 - 1,133 = 1,075 BO chart target - Sep 08 Low Key Support Levels 1,087 = Nov 10 Channel low 1,082 = Nov 9 S1 level 1,075 = 875 Breakout Chart Target 1,061 = Sep 16 S1 level 1,056 = Sep 25 R1 level 1,044 = October Horizontal Old Resistance The SPX bounced this morning with futures rising over night and broke through the 1,100 resistance area rising all the way to the horizontal channel resistance reaching 1,112.38 before pulling back and closing 1,106.24. The INDU confirmed Friday’s hammer in its bull flag and closed at a new 52 week high. Many individual stocks continue stronger than the broad indices. Check out these Charts: (click image to enlarge) NIHD C pattern breakout MICC potential horizontal breakout AAPL potential ascending triangle breakout X post C pattern breakout support bounce Guidance: Stocks rallied on Monday in this holiday shortened Thanksgiving Day week. Trading volume was average or better in many stocks. We expect volume to drop off on Wednesday especially in the afternoon. Friday is a half trading day. The intermediate term is up and the short term trend is still net neutral. We expected traders to be reluctant to short this market, but profit takers clearly decided to sell at the 1,112 level. As we said last week buyers are stepping in at 1,088 area and seller take over at the 1,112 area. That certainly was the case again on Monday. The INDU closed at another 52-week high. Many of the bull flags and hammers and other bullish candles from last week confirmed on Monday and did deliver the strong probability of the market bouncing this week as we indicated in Friday’s post. Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules. AAPL +5.96 QCOM +0.62 GOOG +12.38 BIDU +11.41 NDX 100 stocks stronger than the NDX include NIHD, FLEX, MICC, DELL, JNPR, ESRX, EXPE, CA, AAPL, EBAY, IACI, GRMN, STLD, AKAM, BIDU, AMZN, CERN, ADSK, CTAS, CHKP, GOOG, MRVL, HSIC, LRCX, VRSN, CTSH, VRTX, STX, SPLS, CTXS, PAYX, DISH, CSCO, RYAAY, ADP, FAST and ADBE. Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA K, JW.A, DECK, AMZN, SLGN, NFLX, MCD, ICE, DLB, FAZ, RCI, ESRX, MHS, WCG, ALGT, BDX, BYI, VAR, ACN, JOYG, CTSH, HLF, AFAM, AMX, GR, SNHY, SYNA, WMT, AAPL, BLUD, DLTR, DV, GILD, HDB, ORCL, RBN, WAB, BIDU, EZPW, PCLN, GXDX, PCP, URE, MON, CPLA, MOS, TDG, X, BAP, CHL, BIIB, GME, NTLS Moving Above 30 DMA = 5 AMX, GPRO, PETS, NIHD, UYG Moving Below 30 DMA = 0 Staying Below 30 DMA BAP, JOYG, SLGN, WAB, ATW, CAM, CLB, FLS, SNA, FAS, USD, PWRD, PPD, VPRT, GES, JEC, JOSB, WRC, EBAY, GMCR, JCOM, MUR, RIMM, SWN, DV, FAZ, BKC, HANS, STRA, TRLG, AMED, FSLR, APEI, PWR, SPWRA, ESI, PSYS, FUQI, CBST, MYGN Intermediate Term Market Trend: Up Short Term Market Trend: Neutral