SPX Closes 1,136 After Touching 1,114 Support...

SPX
Key Resistance Levels
1,145 = 1,133 BO chart target – Dec 31 Low
1,155 = 1,119 BO chart target – Dec 23
1,178 = Fib extension
Key Support Levels
1,125 - 1,133 = 1,075 BO chart target - Sep 08 Low
1,105 - 1,113 = November High
1,101 = October High

Guidance:
The SPX fell to support at 1,114 and then rallied to close +1.26 at 1,136.94.

SPX consolidation continues forming a higher low doji today compared with Friday May 7.

Trade strong stocks up.  Look for entry signals into support bounce continuation on Tuesday.

Trade weak stocks down.

The VIX fell -0.40 and closed at 30.84, and still above 25.

The short term trend is down.
The six-month trend is neutral.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch, trade with the trend and follow your rules.

Adjust your stops according to your rules for up and down trending trades.

AAPL +0.40

QCOM +0.06
GOOG +0.44
BIDU -0.80
NDX 100 stocks stronger than the NDX include: APOL, AKAM, XLNX, ALTR, CMCSA, DTV, IACI, FLIR, JBHT, LLTC, ERTS, MCHP, KLAC, LRCX, CEPH, PAYX, PPDI, AMAT, CTAS, WCRX, INTU, SBUX, GRMN, ESRX, ROST, EXPE, SRCL, GILD, EBAY, LOGI, DISH, BRCM, COST, ORLY, SYMC, BIIB, GEENZ, CA, ADP, MICC and MXIM.

Stocks weaker than the NDX include: FSLR, RYAAY, JOYG, PCLN, STLD, FWLT, PCAR, BIDU, ILMN, WYNN,CTSH, STX, YHOO, LINTA, CTXS, LIFE, CSCO, CHKP, XRAY, ORCL, ADSK, EXPD, HANS and FAST.

Stocks to Watch on Tuesday
Holding Above 30 DMA
NFLX, WHR, AIV, OSTK, ICE, EXBD, NTRI, BYI, CRM, DHR, GR, HAS, HLF, SNDK, STI, UNG, WFMI, ZION, FAZ
Moving Above 30 DMA = 3
ESI, MCD, PNC
Moving Below 30 DMA = 0


Staying Below 30 DMA
AMD, ATI, CAT, CREE, DECK, LVS, MCD, SPG, SWK, UNP, URE, WFC , BA, DE, JEC, LXK, CHL, GME, SYNA, HANS, WMT, ACN, MYGN, AMX, BKC, DOW, FAS, FLS, PCLN, PCP, TSL, UAUA, USD, USO, UYG, ATW, BAC, GES, MA, V, CAM, SWN, BUCY, WLT, CLF, MHS, WCG, GMCR, GS, FCX, X, PWRD, AGU, IPI, POT, MOS

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Down