SPX Breakout Confirmed...

DJIA            10,525.43 +100.81 +0.97%
SP500            1,115.01  +12.35 +1.12%
COMPQ        2,296.43   +26.96 +1.19%
Russell 2000    665.22   +14.57 +2.24%

Exchange     NYSE   NASD
Advancing     2,458    2,057
Declining          582      653

Oil          $78.98 +0.00
Gold  $1,183.10  -4.70
SOX       369.50 +4.97
VIX          22.73  -0.74

Index    Direction Confirmation
VIX       Down        Yes – SPX
SOX      Up            Yes – COMPQ

Leading stocks on Monday included SKX, UAUA, DECK, STI, NETL, URE, CREE, VECO, FAS, BYI, ZION, HAS, CRUS, AIV, AMD, BAC, PCP, FLS, WHR, GR, LXK, HLF, SNDK, GES, TIE, CLF, WFMI, DLR, UNP, CMG, USD, SPG

VECO reported better that expected earnings and raised guidance after the close...

Guidance:
SPX horizontal breakout confirmed...Stay with the current up trend...
The SPX forms white candle closed above its 200, 20, 30 and 50 DMA.
SPX chart target 1,141
The VIX did confirm the higher close in the SPX.
Breadth was strong again as advancers led decliners 4 to 1 on the NYSE.

SPX
Resistance: 1,115, 1,130
Support: 1,100, 1,086, 1,071

Enter strong stocks up with a break above the high of the low day. Stay with stocks in a bounce continuation.

Look for entry into down trending when a new break of the low of the high day occurs.

The short term 3 day trend is up.
The two-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 of the chart and follow your rules.

AAPL -0.66
QCOM +0.16
GOOG -1.09
BIDU +2.30
NDX 100 stocks stronger than the NDX include: BIIB, GENZ, STX, SHLD, HOLX, CELG, ERTS, ADSK, BIDU, VRTX, WCRX, MCHP, EXPD, CEPH and BBBY.

Stocks weaker than the NDX: NIHD, APOL, JOYG, EXPE, MRVL, CHKP, SYMC, MICC, COST, FSLR, AMZN, PPDI, RIMM, AAPL and GOOG.

Stocks to Watch on Tuesday
Holding Above 30 DMA
TLT, CRUS, GMCR, HANS, TSL, BUCY, CAT, CREE, CRM, HLF, NETL, PCLN, TIE, VMW, AGU, MCD, DE, GS, IPI, AKS, MOS, POT, CAM, USD, VECO, ATW, DOW, FCX, FLS, GES, GME, PCP, UAUA, WLT, WMT, X, SWK, ACN, AIV, AMX, ATI, BA, CHL, CLF, DLR, FFIV, GR, LVS, SPG, UCO, UNP, URE, USO, CMG, CSTR, FAS, JEC, MA, PNC, STI, V, WFMI
Moving Above 30 DMA = 7
A, AMD, BYI, DECK, DHR, HAS, NYX
Moving Below 30 DMA = 0

Staying Below 30 DMA
NTRI, FAZ, NFLX, ESI, HSY, BAC, MHS, ZION, HAS, WHR, SNDK, UNG, SKX, SWN, ICE, LXK

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up