AAPL Down in After Hours...SPY Lower in After Hours...

The SPX made a new high close on Monday prior to AAPL earnings...

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Exchange     NYSE    NASDAQ
Advancers    2,010       1,745
Decliners      1,027          901

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The VIX failed to confirm the higher close at the same time the SOX failed to confirm the higher close in the COMPQ...

Index    Direction    Confirmation

VIX         Up              No – SPX

SOX        Down         No – COMPQ

Leading stocks on Monday included FAS, UCO, HAS, PNC, ESI, ZION, BAC, NDAQ, URE, USO, SWK, NYX, GS, CRUS, WHR, ICE, AIV, X, DOW, GMCR, STI, ATW, CMG, AMX, VMW, FLS, SWN, TLT, WMT, JEC, SPG, MA

Losing stocks included FAZ, FFIV, VECO, NTRI, CRM, MOS, AMD, CLF, UNG, TBT, FCX, CREE, PCP, NFLX, IPI, WLT, TIE, USD, POT, AGU, RVBD, CSTR, NETL, DECK, SNDK CAM, RMBS

Interest rates fell, bonds rose, the EURO rose slightly, the SOX closed lower and the VIX closed higher +0.06 at 19.09.

Eight of nine sectors moved higher on Monday as the SPX formed a new high close at 1,184.71. Financial stocks XLF +2.27% led all sectors after lagging the SPX for the last two days.

Individual stocks like C, ZION and JPM are showing post earnings setups while WFC, RF and BAC may have short term potential between now and their respective earings release...

Advancers led decliners 1.95 to 1 on the NYSE.

SPY traded 141.1 million shares.

After the close AAPL released better than expected earnings and lower Q1 guidance on EPS and margin.  AAPL fell -19.50 in after hours trading, IBM fell -4.73, PCLN -4.43 and AMZN -3.56.  Look for potential bearish gap setups on these stocks...

SPX

Resistance: 1,182, 1,190

Support: 1,170, 1,148, 1,130

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wait to take bearish entry signals for a bounce down from resistance or a close below of the low of the high day.

The short term 3 day trend is up.

The three-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 +3.26 – potential hanging man

QCOM -0.29 – black spinning top

GOOG +16.26 – large white candle did not confirm potential hanging man

BIDU +4.74 – large white candle

NDX 100 stocks stronger than the NDX include: BIDU, GOOG, STX, CELG, VRTX, AMGN, ISRG, HOLX, APOL, FSLR, PPDI, ILMN, BIIB, STLD and DELL.

Stocks weaker than the NDX: MICC, NIHD, AKAM, LINTA, YHOO, WCRX, INTU, EXPE, MRVL, ERTS, NWSA, CTXS, ORLY, ATVI and ORLY.

Stocks to Watch on Tuesday

Holding Above 30 DMA

HLF, PCLN, AGU, MCD, LVS, NFLX, CMG, FCX, SINA, VOD, AIV, DE, DHR, DOW, PCP, SWK, UNP, URE, WLT, WMT, A, HAS, IPI, JEC, LXK, CAT, ICE, FLS, MHS, ATW, STI, ACN, AMX, GES, NDAQ, UAL, USD, MA, NETL, ESI, HSY, CHL, FDX, NTRI, AMD, TIE, V, ATI, BA, DECK, GR, UCO, USO, WHR, BYI, CLF, GS, SPG, HANS, MOS, SNDK, SWN, UPS, VECO, SKX, CSTR, CREE, RVBD, TBT, WFMI, NYX, NTES, WMT

Moving Above 30 DMA = 3

AKS, FAS, ZION

Moving Below 30 DMA = 1

FAZ, RMBS

Staying Below 30 DMA

POT, TSL, ESI, STI, BAC, GME, CRUS, X, FFIV, TLT, PNC, DLR, VMW, CRM, GMCR, UNG

Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up