SPX New High Close as NFLX Reaches 245 Breakout Price Target...

NFLX reaches breakout price target...someone said last week "I hope you're wrong on that target..."

The SPX formed a white spinning top making a new high close up +3.17 at 1,332.32 on Monday.

SPX white spinning top, new high close
INDU doji, potential bearish harami
COMPQ white spinning top, new high close
RUT white candle, new high close

Breadth weakened on Monday as advancers led decliners 1.24 to 1 on the NYSE and 1.17 to 1 on the NASDAQ …

Exchange     NYSE     NASDAQ
Advancers    1,661       1,454
Decliners      1,332       1,236

Index    Chg.     Close    Direction    Confirmation
VIX       +0.26      15.95       Up                No – SPX
SOX     +3.58    466.40       Up               Yes – COMPQ

Leading stocks > +2% on Monday included GMCR, WLT, CLF, NDAQ, PCX, TSL, FCX, TIE, AMD, CAM, SNDK, ATW, SLW, LDK, NYX, CRUS, ATI, CSTR, X, IPI, SLB, AKS, VMW

Losing stocks < -2.0% included GME

Positives –SPX, COMPQ, RUT, SOX, AAPL, AMZN, GOOG, NFLX, PCLN

Negatives – VIX, TNX, Bonds, Euro, breadth weakened, sectors weakened

Interest rates fell on Monday and bond ETF TLT rose 6 cents. The Euro fell 59 pips to 1.3487 at 5 pm ET.

Five of nine sectors rose on Monday with Energy XLE +2.20% and Materials XLB +1.08% leading all sectors.

SPX
Resistance: 1,330, 1,338
Support: 1,321, 1,311, 1,300

The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL +2.33 – white candle
AMZN +1.17 –white spinning top
NFLX +16.48 – large white candle, reached 245 breakout price target
QCOM +0.57 – white spinning, potential shooting star
GOOG +3.65 – white candle
BIDU -0.77 – black spinning top

NDX 100 stocks stronger than the NDX include NFLX, MXIM, CTXS, SNDK, MU, CELG, KLAC, BIIB, FLEX, JOYG, LINTA, EXPE, AKAM, ATVI, INFY and FFIV.

Stocks weaker than the NDX: CTRP, NWSA, SHLD, RIMM, MICC, EBAY, CRMN, NTAP, BRCM, NIHD, CHRW and NVDA.

Stocks to Watch on Tuesday
Holding Above 30 DMA
SINA, NDAQ, SMH, NVDA, FWLT,CLF, JDSU, CRUS, HOLX, DE, FAS, GLW, JEC, ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM, SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, CF, DHR, IPI, LXK, PNC, SKX, V, ZION, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, A, GES, RVBD, HAS, SLW, VECO, HLF, MCD, UNP, AKS, CRM, ESI, FDX, PCX, SNDK, X, LVS
Moving Above 30 DMA = 1
VMW
Moving Below 30 DMA = 0

Staying Below 30 DMA
MCP, GS, MHS, SWN, AIV, WLT, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, CSTR, FAZ

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