TXN to Buy NSM $25 per Share...Semiconductors Rise in After-hours Trading...

Watch for potential rebound in semiconductor stocks on Tuesday morning following TXN buyout of NSM for $25 per share...

The SPX made a recent new high close and formed a doji on Monday closing up +0.46 at 1,332.87. 

SPX spinning top, close above 30 DMA +0.03%

INDU white candle, close above 30 DMA, +0.19%

COMPQ black spinning top, close above 30 DMA, -0.01%

RUT white candle, inside day, close above 30 DMA, +0.31%

Breadth weakened on Monday as advancers led decliners 1.18 to 1 on the NYSE and weakened slightly on the NASDAQ as advancers led decliners 1.13 to 1 …

Exchange       NYSE          NASDAQ

Advancers      1,610             1,406

Decliners        1,355              1,236

Index              Chg.    Close    Direction      Confirmation

VIX                 +0.10      17.50     Up                 No – SPX

SOX               -3.81     429.05     Down            Yes – COMPQ

Leading stocks > +2% on Monday included MCP, SOHU, SINA, SLW, AGU, GMCR, MOS, F, SNDK, ARUN, NTES, CF, CLF

Losing stocks < -2.0% included JNPR, NVDA, CRUS, AMD, VMW, NDAQ WDC, LDK, SWKS, RVBD

Positives –breadth remained positive, AMZN, BIDU, NFLX, PCLN

Negatives – SOX, AAPL, GOOG, QCOM, breadth weakened, bonds rose

Interest rates TNX closed slightly lower on Monday and bond ETF TLT rose 10 cents.  The Euro fell 11 pips to 1.4221 at 5 pm.

Six of nine sectors moved higher on Monday with Materials XLB +0.65% and Healthcare XLV +0.60% the strongest sectors.

SPX

Resistance: 1,330, 1,344

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 -3.37 – black candle lower shadow

AMZN +2.81 – white candle

NFLX +2.63 – doji

QCOM -1.36 – large black candle, close below the low of the high day

GOOG -4.12 – small bearish engulfing

BIDU +4.28 – large white candle, new high close

NDX 100 stocks stronger than the NDX include BIDU, CTRP, SNDK, NIHD, AMGN, MICC, AMZN, SPLS, SIAL, ESRX, SRCL, CEPH, NFLX, CHRW and PCLN.

Stocks weaker than the NDX include NTAP, NVDA, FSLR, MRVL, LRCX, QCOM, STX, RIMM, FLIR, SHLD, MXIM, APOL, SBUX, CA and INTC.

Stocks to Watch on Tuesday

Holding Above 30 DMA
HUM, ARUN, GMCR, HLF, HAS, SINA, TLT, SWN, UCO, CAT, CSTR, UNG, WDC, SLW, SWK, ATW, DHR, FCX, NTES, VECO, VLO, MCP, A, CLF, DE, PCX, WLT, ACN,  ATI, F, NETL, SOHU, TSL, UNP, CMG, DOW, SLB, AKS, DECK, DLR, FWLT, JEC, URE, CF, CIEN, CRM, LVS, POT, TIF, V, AGU, ESI, CHL, FAS, MOS, NDAQ, NYX, ZION

Moving Above 30 DMA = 3

IPI, SNDK, STI

Moving Below 30 DMA = 0

Staying Below 30 DMA

CIEN, X, VMW, FAZ, AMD, ICE, IL, CAM, RVBD, JNPR, BAC, GLW, JDSU, TBT, CRUS, SWKS, GES, MHS, SMH, LDK, GS, NVDA, UAL

Eight Week Term Market Trend: Neutral
Short Term Market Trend: Up