SPX Ends Year Unchanged...INDU and NDX Finish Up...RUT Down...

All nine sectors moved lower on Friday, the last trading day of 2011.  XLE, XLB and XLV were the strongest sectors. 

Money Flow

Euro      -3 pips      1.2958

TNX       -0.26           18.71

TLT       +0.39         121.25

XLF        -0.07          13.00

SPX       -5.42      1,257.60

VIX        +0.75          23.40

NDX -0.31%

COMPQ -0.32%

SPX -0.43%

RUT -0.54%

INDU -0.57%

Money Flow followed the Euro lower as bonds rose and TNX, XLF and SPX moved lower.  The VIX rose confirming the drop in the SPX.

  

(click image to enlarge)

SPY moved down -62 cents on light holiday week volume of 95.3 million shares on Friday.

Breadth weakened as decliners led advancers 1.10 to 1 on the NYSE and 1.16 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,427          1,196

Decliners         1,577          1,398

BIDU and GOOG moved higher.  AAPL, AMZN, PCLN and QCOM moved lower.

The SPX finished 2011 at 1,257.60 compared with 1,257.64 on Dec 31, 2010, essentially unchanged.  SPX leaders included COG, EP and HUM.

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The INDU finished at 12,217.56,  up 640 points from 11,557.51 on Dec 31, 2010.  INDU included MCD, PFE and IBM.
 

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The NDX closed at 2,277.83, up 60 points from 2,217.86 on Dec 31, 2010.  NDX leaders included ALXN, BIIB and ROST.

(click image to enlarge)

Leading stocks > +2% on Friday ZAGG, ANR, X, PCX, NTES, MCP, HAL

Losing stocks < -2.0% included LDK, GRPN, DECK, TPX, SINA

NDX 100 stocks stronger than the NDX included STX, FSLR, BIDU, VRTX, RIMM, VOD, CTSH, GILD, GOLD and ESRX.

Stocks weaker than the NDX include SHLD, FOSL, ROST, GMCR, PCLN, HANS, MYL, FAST, GRMN and ORLY.

Six NDX stocks AMAT, ESRX, INFY, MRVL, NTAP and STX closed above their 30 DMA and three BIIB, CSCO and SRCL closed below making 59 NDX stocks above their 30 DMA. 

Stocks to Watch on Tuesday

Holding Above 30 DMA = 39

V, WDC, LDK, DLR, CSTR, IL, URE, GES, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, ATI, CIEN, CRUS, SMH, SNDK, SWKS, ZION, COH, ESI, ICE, JDSU, NGLS, TLT, AKS, ANF, BAC, CF, CHL, DHR, STI

Moving Above 30 DMA = 3

HAL, SOHU, X

Moving Below 30 DMA = 2

C, GRPN

Staying Below 30 DMA

CROX, FCX, MOS, POT, TBT, TSL, FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, NDAQ, NVDA, SLB, ANR, RCL, TSLA, A, INFA, CRM, DECK, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, VMW, ARUN, CREE, SWN, WLT, PCX, TPX, MCP, SINA, ZAGG, LNKD

Thirteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Flat Open on Extremely Light Pre-market Trading...

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Dave will be on tastytrade at 9 am CST this morning…

Happy New Year everyone!  Enjoy the three day weekend…

BMO – ES +0.25 and NQ -1.50 futures are mixed 30 minutes before the open in pre-market trading and point to a flat open…volume is very light for pre-market with similar number of  stocks quoting up and down…Financial stocks, XLF is down 2 cents on 1,300 shares in pre-market at this time…FAS is down 29 cents…

TLT is up 24 cents and the Euro is up 3 pips in overnight trading…

NDX leaders AMZN, BIDU, GOOG and PCLN are higher…AAPL is lower…

Dave’s Insight for Friday:  flat Euro…slightly higher bonds… Financials slightly lower…setting up a flat open … …the Euro is holding the 1.29 support area and moved higher yesterday…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…the SPX rose above its diagonal breakout level and closed a 1,263 at horizontal resistance…pre-market trading is about as light as I have seen all year so look for continued light volume today in this holiday shortened week…

Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in any SPX move…

SPX

Resistance: 1,260, 1,273, 1,288

Support: 1,249, 1,230, 1,216

Quoting Down – ICE, DECK, UCO, AAPL

Quoting Up – CDE, GOLD, GOOG, BIDU, TEVA

SPX Reverses Wednesday's Light Volume Selloff as Financials Rise...

All nine sectors moved higher on Thursday.  XLF, XLB and XLI were the strongest sectors. 

Money Flow

Euro       +22 pips    1.2961

TNX        -0.11            18.97

TLT        +0.22         120.86

XLF        +0.21           13.07

SPX      +13.38      1,263.02

VIX         -0.87           22.65

RUT +1.33%

INDU +1.12%

SPX +1.07%

COMPQ +0.92%

NDX +0.79%

Money Flow followed the Euro higher as XLF and SPX moved higher reversing Wednesday’s light volume selloff.  TNX and bonds moved slightly opposite of typical direction.  The VIX fell confirming the rise in the SPX.

  

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SPY moved up $1.29 on rising but still light volume of 123.4 million shares on Thursday.

The VIX moved lower on Thursday confirming the move up in the SPX.

Breadth strengthened as advancers led decliners 3.73 to 1 on the NYSE and 2.60 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       2,381          1,888

Decliners            637             724

AAPL, GOOG, PCLN and QCOM moved higher.  AMZN and BIDU moved lower

                                                ­­­­­­__________________

Setups

Horizontal/Diagonal Breakout – CERN, KLAC, WDC, CSTR, IL, URE, DE, DOW, NKE, UCO, ATI, ZION

Reversal – SWKS, JDSU, CIEN, JNPR

Flag – SWK, SNDK, V, AKS, HUM, F, ATVI, GES, ENTR, FFIV, DTV, VRTX, MOS, POT, TEVA

Recent High – GRMN, AMGN, SBUX, FAST, ISRG, AKAM, V

Pause at High – ORLY, ROST, VRSN, APOL, MYL, ADP, UNP

At Support – HANS, MAT, DTV

                                            ___________________

Leading stocks > +2% on Thursday FAS, TPX, BAC, STI, LNKD, SLW, SWK, A, ZION, V, C, CDE, CRM, CIEN

Losing stocks < -2.0% included DECK, GRPN, FAZ, MCP, LDK, LNG

NDX 100 stocks stronger than the NDX included NWSA, FSLR, HANS, YHOO, MAT, NVDA, ISRG, PNRA, VMED and PCAR.

Stocks weaker than the NDX include BIDU, SHLD, EXPE, FOSL, EBAY, AMZN, ORLY, VRSN and SPLS.

Three NDX stocks HANS, WCRX and XRAY closed above their 30 DMA making 56 NDX stocks above their 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 33

V, WDC, LDK, DLR, CSTR, IL, URE, GES, GRPN, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, ATI, CIEN, CRUS, SMH, SNDK, SWKS, ZION, COH, ESI, ICE, JDSU, NGLS, TLT

Moving Above 30 DMA = 8

AKS, ANF, BAC, C, CF, CHL, DHR, STI

Moving Below 30 DMA = 11

UAL

Staying Below 30 DMA

CROX, FCX, MOS, POT, X, TBT, TSL, FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, NDAQ, NVDA, SLB, ANR, RCL, TSLA, A, INFA, CRM, DECK, HAL, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, VMW, ARUN, CREE, SWN, WLT, PCX, TPX, SOHU, MCP, SINA, ZAGG, LNKD

Thirteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Slightly Higher Open...Continued Light Volume...

BMO – ES +4.00 and NQ +7.25 futures are higher 30 minutes before the open in pre-market trading and point to a slightly higher open…volume is light for pre-market with more of  stocks quoting up than down…Financial stocks, XLF is up 5 cents on 18,800 shares in pre-market at this time…FAS is up 86 cents…

TLT is down 20 cents and the Euro is down 46 pips in overnight trading…

NDX leaders AAPL, GOOG and QCOM are higher…AMZN, BIDU is lower…

Dave’s Insight for Thursday:  lower Euro…lower bonds… Financials up…setting up a slightly higher open … …the Euro has broken the 1.30 support area and moved lower yesterday on light holiday trading…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…the SPX returned to its breakout at 1,255 and closed a 1,249…look for continued light volume today in this holiday shortened week…

Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in any SPX move…

SPX

Resistance: 1,260, 1,273, 1,288

Support: 1,249, 1,230, 1,216

Quoting Down – AMZN, CF, MOS, DECK, FAZ, SLW, CSTR, POT, CDE, HUM, ALXN, BIDU, TEVA

Quoting Up – FAS, FFIV, VMW, SINA, WLT, GS, DE, CHL, SOHU, CRM, NDAQ, ZION, LVS, GOOG, AAPL, WYNN, AKAM, GOLD

SPX Falls as Euro Makes 15-month Low...

All nine sectors moved lower on Wednesday.  XLU, XLP and XLK were the strongest sectors. 

Money Flow

Euro      -129 pips    1.2939

TNX       -1.01            19.08

TLT       +2.19          120.64

XLF        -0.21           12.86

SPX      -15.79       1,249.64

VIX        +1.61           23.52

NDX -1.14%

INDU -1.14%

SPX -1.25%

COMPQ -1.34%

RUT -2.14%

The Euro was down 1 pip shortly before the open this morning.  Following a release from the European Central Bank that lending to banks had increased more than 600 billion Euros in one week, the Euro began to fall and broke recent support reaching a 15-month low.  Light volume accompanied the selloff.   

Money Flow followed the Euro lower taking TNX, XLF and SPX lower.  Correspondingly bonds and VIX rose.

Last night we alerted you to “prepare for a pullback and test of the SPX diagonal breakout at 1,255.”  The SPX moved back to that level and closed at 1,249. 

  

(click image to enlarge)

SPY moved down -$1.66 on rising but still light volume of 119 million shares on Wednesday, its fifth lightest volume day of the year.

The VIX moved higher on Wednesday for the second straight day confirming the move down in the SPX.

Breadth weakened as decliners led advancers 3.99 to 1 on the NYSE and 3.96 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers          602             528

Decliners         2,405          2,095

AAPL, AMZN, GOOG, PCLN and QCOM moved lower.  BIDU moved higher 

Bear Flag Entries – FOSL, MAT, DTV, TEVA, MOS, POT

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Setups

Horizontal/Diagonal Breakout – CERN, KLAC, WDC, CSTR, IL, URE, DE, DOW, NKE, UCO, ATI, ZION

Reversal – SWKS, JDSU, CIEN, JNPR

Flag – SWK, SNDK, V, AKS, HUM, F, ATVI, GES, ENTR, FFIV, DTV, VRTX, TEVA

Recent High –

Pause at High – ORLY, GRMN, ROST, VRSN, APOL, MYL, ADP AMGN, SBUX, FAST, ISRG, AKAM, V, UNP

At Support – HANS, MAT,  

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Leading stocks > +2% on Wednesday FAZ

Losing stocks < -2.0% included ZAGG, MCP, CROX, CDE, LDK, TSL, PCX, ENTR, CLF, WLT, FAS, SLW, FCX, MOS, TBT, RCL, GES, KKD, UCO, LVS, BAC, ANR, X, INFA, A, SOHU, DECK, AKS, POT, SINA, C, ARUN, F, ATI, HAL, NVDA, SWK, CF, URE, ANF, CAT, CRUS, RVBD, VMW, SLB, TPX, VECO, CREE, HUM, GLW, STI

NDX 100 stocks stronger than the NDX included WFM, BBBY, BIDU, ALTR, GILD, MYL, GOOG and CTRP.

Stocks weaker than the NDX include FOSL, FLEX, RIMM, WCRX, WYNN, HANS, PCAR, NUAN, LIFE and ADSK.

Twelve NDX stocks BIIB, CSCO, ESRX, EXPD, FLEX, FOSL, HANS, PCLN, SIAL, WCRX, WYNN and XRAY closed below their 30 DMA leaving 53 NDX stocks above their 30 DMA. 

Stocks to Watch on Thursday

Holding Above 30 DMA = 33

V, WDC, LDK, UAL, DLR, CSTR, IL, URE, GES, GRPN, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, ATI, CIEN, CRUS, SMH, SNDK, SWKS, ZION, COH, ESI, ICE, JDSU, NGLS

Moving Above 30 DMA = 1

TLT

Moving Below 30 DMA = 11

AKS, ANF, C, CF, CROX, DHR, FCX, MOS, POT, STI, X

Staying Below 30 DMA

BAC, TBT, TSL, FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, NDAQ, NVDA, SLB, ANR, RCL, TSLA, A, INFA, CHL, CRM, DECK, HAL, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, VMW, ARUN, CREE, SWN, WLT, PCX, TPX, SOHU, MCP, SINA, ZAGG, LNKD

Thirteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Down

Futures Point to a Higher Open...

BMO – ES +2.25 and NQ +5.00 futures are higher 20 minutes before the open in pre-market trading and point to a slightly higher open…volume is light for pre-market with more of  stocks quoting up than down…Financial stocks, XLF is up 4 cents on 10,300 shares in pre-market at this time…FAS is up 69 cents…

TLT is up 20 cents and the Euro is down 1 pip in overnight trading…

NDX leaders AAPL, AMZN,  BIDU, GOOG, PCLN and QCOM are higher…

Dave’s Insight for Wednesday:  flat Euro…slightly higher bonds… Financials up…setting up a slightly higher open … …the Euro continues to hold the 1.30 support area which is bullish…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…look for the current up trend to continue while being prepared for a potential test of the SPX breakout at 1,255...look for continued light volume today...

We continue looking at second chance opportunities for entry on Setups of MACD Bullish Divergence, Diagonal Breakout, Higher Lows and Higher Highs with Higher Lows…Intermediate term entries are also a go with the MF Green line turning up last Tuesday…

Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in any SPX move…

SPX

Resistance: 1,260, 1,273, 1,288

Support: 1,249, 1,230, 1,216

Quoting Down – MCP, FAZ, SHLD, CTXS

Quoting Up – GOOG, AAPL, PCLN, GOLD, WDC, FAS, WLT, SINA, GS, CLF, SWK, SLB, ANF, CRM, CAT, LVS, AMZN, INFY, SBUX, WYNN, NFLX, CELG, BIDU, AKAM

SPX Breakout Holds on Tuesday as VIX Rises...

Six of nine sectors moved higher on Tuesday.  XLU, XLY and XLE were the strongest sectors. 

Money Flow

Euro      +27 pips    1.3068

TNX       -0.21           20.09

TLT       +0.18         118.45

XLF       -0.08           13.07

SPX      +0.10      1,265.43

VIX       +1.18           21.91

RUT +0.45%

COMPQ +0.25%

NDX +0.24%

SPX +0.01%

INDU -0.02%

TNX and XLF did not follow the Euro higher on Tuesday’s Money Flow.  Lackluster trading on very light volume on this holiday shortened week.  The SPX formed a doji on Tuesday.  Prepare for a potential pullback and test of the SPX diagonal breakout at 1,255.  Keep in mind the market observation to “never short a dull market.”  It was definitely a dull day.

(click image to enlarge)

SPY moved up 10 cents on 85.8 million shares on Tuesday, its second lightest volume day of the year and the fourth consecutive lower daily volume from the preceding day.

AAPL, GOOG, PCLN and QCOM moved higher.  AMZN and BIDU moved lower

Breadth weakened as advancers led decliners 1.03 to 1 on the NYSE and decliners led advancers 1.03 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,515          1,265

Decliners         1,460          1,314       

The VIX moved higher on Tuesday.  This is an indication of a new 5 - 15% uptrend from the Dec 20 SPX level at 1,240, if the VIX remains under 25.  The VIX did not confirm the SPX.

Recent High stocks from Friday ORLY, GRMN, ROST, VRSN, APOL, MYL, ADP AMGN, SBUX, FAST, ISRG, AKAM, V, SWK and UNP moved to a new high on Tuesday.  Strong trends deliver again on Tuesday.

                                                ­­­­­­__________________

Setups

Horizontal/Diagonal Breakout – CERN, KLAC, WDC, CSTR, IL, URE, GES, DE, DOW, ENTR, HUM, F, NKE, UCO, AKS, ATI, CIEN, SNDK, ZION

Reversal – ATVI, FOSL, MOS, POT, SWKS

Flag – HANS, FFIV, DTV, MAT, VRTX, TEVA

Recent High – ORLY, GRMN, ROST, VRSN, APOL, MYL, ADP AMGN, SBUX, FAST, ISRG, AKAM, V, SWK, UNP

Pause at High – MYL, V, SWK

                                              ___________________

Leading stocks > +2% on Tuesday TIF, UCO, TSLA, CRM

Losing stocks < -2.0% included ZAGG, TSL, PCX, MCP, UAL, ANR, WDC, WLT, CDE, SLW, BAC, C, GS

NDX 100 stocks stronger than the NDX included RIMM, ALXN, WYNN, CERN, ROST, GILD, EA, APOL, DLTR and ISRG.

Stocks weaker than the NDX include SHLD, FSLR, NFLX, MU, STX, GOLD, ORCL, MRVL, MYL and BIDU.

Four NDX stocks BIIB, EXPD, PCLN and WYNN closed above their 30 DMA and three MAT, MRVL and NFLX moved below their 30 DMA making 65 NDX stocks above their 30 DMA. 

Stocks to Watch on Wednesday

Holding Above 30 DMA = 42

V, WDC, LDK, UAL, DLR, CSTR, IL, URE, GES, GRPN, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, AKS, ATI, C, CIEN, CRUS, FCX, MOS, POT, SMH, SNDK, STI, SWKS, X, ZION, COH, CROX, DHR, ESI, ICE, JDSU, NGLS

Moving Above 30 DMA = 2

ANF, CF

Moving Below 30 DMA = 3

BAC, TBT, TSL

Staying Below 30 DMA

TLT, FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, NDAQ, NVDA, SLB, ANR, RCL, TSLA, A, INFA, CHL, CRM, DECK, HAL, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, VMW, ARUN, CREE, SWN, WLT, PCX, TPX, SOHU, MCP, SINA, ZAGG, LNKD

Twelve Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Point to a Flat to Lower Open...Light Volume in Pre-market...

BMO – ES -3.75 and NQ -0.50 futures are mixed 20 minutes before the open in pre-market trading and point to a flat to lower open…volume is light for pre-market with a similar number of  stocks quoting up and down…Financial stocks, XLF is down 2 cents on 2,700 shares in pre-market at this time…FAS is down -62 cents…

TLT is up 12 cents and the Euro is up 11 pips in overnight trading…

NDX leaders AAPL and AMZN are higher…BIDU, GOOG and QCOM are lower…PCLN has not traded…

Dave’s Insight for Tuesday:  slightly higher Euro…slightly higher bonds… Financials slightly lower…setting up a flat to slightly lower open … …the Euro continues to hold the 1.30 support area which is bullish…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

We continue looking at second chance opportunities for entry on Setups of MACD Bullish Divergence, Diagonal Breakout, Higher Lows and Higher Highs with Higher Lows…Intermediate term entries are also a go with the MF Green line turning up last Tuesday…

Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in any SPX move…

SPX

Resistance: 1,260, 1,273, 1,288

Support: 1,249, 1,230, 1,216

Quoting Down – SHLD, BIDU, COH, FAS, JNPR, CAT, FCX, CMG, DOW, MOS, ORLY, QCOM, AMGN, GOLD

Quoting Up – VMW, DECK, V, LVS, FAZ, FOSL, AAPL, ROST, INFY, HANS, ALXN

Merry Christmas as Stocks End the Week on a Strong Close...

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You can listen to Dave on tastytrade today at the 121:50 minute mark by clicking here:  https://www.tastytrade.com/#/ 

Stocks ended the week higher on light pre-holiday volume and SPY/SPX/ES each had a symmetrical triangle breakout indicating a good probability that the 12-week up trend will continue. 

Those MACD Bullish Divergence Setups that I shared with you last Friday for the most part had an amazing week.  I hope you profited and also that you learned again that we really can trust techincal signals. 

All nine sectors moved higher on Friday.  XLY, XLK and XLB were the strongest sectors. 

Money Flow

Euro      -5 pips     1.3041

TNX      +0.79         20.30

TLT       -1.33        118.27

XLF      +0.10         13.15

SPX    +11.33    1,265.33

VIX        -0.43         20.73

INDU +1.02%

NDX +0.92%

SPX +0.90%

COMPQ +0.74%

RUT +0.33%

XLF and SPX did follow the TNX higher on Friday’s Money Flow.  The SPX closed near its high for the fourth straight day. The SPX, RUT and XLF broke out of symmetrical triangle and the INDU broke out of an ascending triangle.  In each case suggesting the indexes and ETF could be headed for higher prices over the next eight weeks.  The breakout of the Financials XLF suggests support for the SPX and increases the probability for the SPX to move higher going into earnings season next month.

(click image to enlarge)

SPY moved up $1.12 on 92.1 million shares on Friday, its second lightest volume day of the year.

AAPL, BIDU, GOOG, PCLN and QCOM moved higher.  AMZN moved lower

Breadth weakened as advancers led decliners 2.26 to 1 on the NYSE and 1.15 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       2,071          1,363

Decliners            915          1,181       

The VIX continued lower on Friday to its lowest level since July 26.  This continues to be a significant indication of a new 5 - 15% uptrend from the Dec 20 SPX level at 1,240, if the VIX remains under 25.

                                                ­­­­­­__________________

Setups

Horizontal/Diagonal Breakout – WDC, CSTR, IL, URE, GES, DE, DOW, ENTR, HUM, F, NKE, UCO, AKS, ATI, CIEN, SNDK, ZION

Reversal – CERN, ATVI, FOSL, MOS, POT, SWKS

Flag – HANS, KLAC, FFIV, DTV, MAT, VRTX, TEVA

Recent High – ORLY, GRMN, ROST, VRSN, APOL, MYL, ADP AMGN, SBUX, FAST ISRG, AKAM, V, SWK, UNP

                                                ___________________

Leading stocks > +2% on Friday ESI, CROX, SINA, GRPN, VMW, AKS, DOW, DECK, GLW, COH, BAC, GES, RCL, NKE, TBT, FAS, INFA

Losing stocks < -2.0% included LDK, PCX, CRM, FAZ, UAL

NDX 100 stocks stronger than the NDX included FOSL, EXPE, AMAT, ALXN, ATVI, ISRG, APOL, CERN, EA and DLTR.

Stocks weaker than the NDX include CTRP, NFLX, MRVL, ALTR, AMZN, NVDA, ESRX, HANS, CHKP and RIMM.

Eight NDX stocks ATVI, CSCO, FLEX, FOSL, GILD, INTC, MAT and QCOM closed above their 30 DMA making 64 NDX stocks above their 30 DMA. 

Stocks to Watch on Tuesday

Holding Above 30 DMA = 36

V, WDC, LDK, UAL, DLR, CSTR, IL, URE, GES, GRPN, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, AKS, ATI, C, CIEN, CRUS, FCX, MOS, POT, SMH, SNDK, STI, SWKS, TSL, X, ZION

Moving Above 30 DMA = 9

BAC, COH, CROX, DHR, ESI, ICE, JDSU, NGLS, TBT

Moving Below 30 DMA = 2

ANF, TLT

Staying Below 30 DMA

FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, NDAQ, NVDA, SLB, ANR, RCL, TSLA, A, INFA, CHL, CRM, DECK, HAL, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, VMW, ARUN, CF, CREE, SWN, WLT, PCX, TPX, SOHU, MCP, SINA, ZAGG, LNKD

Eleven Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up

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