Euro, Financials Lead SPX Lower as AAPL Makes New High Close...

Dave taught Advanced Technical Analysis to a great class of 270 traders in Washington DC today...


CHKP +4.59, +8.11% reported better than expected earnings before the open on Monday and led the NDX 100. AAPL hit a new all time high for the second straight day.

After the close HAL, HAS, IBM, MOS, STLD, SWK, WYNN and ZION reported earnings and WYNN, STLD, MOS and IBM moved higher in after-hours trading.

Reporting this week:
Tuesday – AAPL, ALTR, BAC, BTU, CMG, CSX, HOG, ISRG, JNJ, KEY, KO, RVBD, STT, STX, UNH, VMW, WFC, YHOO
Wednesday - AMLN, AMR, AMX, AXP, BIDU, CA, EBAY, EMC, FCX, FFIV, LCC, QCOM, STJ, UTX, WDC, XLNX

SINA, SOHU, SLW and IAG moved up on Monday. ENTR -1.05, -12,27% fell after an analyst downgrade.

The SPX fell to its 30 DMA before bouncing to close down -10.70 at 1,305.44.

SPX black candle, above 30 DMA -0.81%
INDU black candle, above 30 DMA -0.76%
COMPQ hammer, above 30 DMA -0.89%
RUT large black candle, above 30 DMA -1.55%

Breadth weakened as decliners led advancers 5.73 to 1 on the NYSE and 3.75 to 1 on the NASDAQ …

Exchange     NYSE     NASDAQ
Advancers       451           544
Decliners      2,587        2,043

Index      Chg.      Close      Direction       Confirmation
VIX        +1.42        20.95         Up                 Yes – SPX
SOX       -5.44      384.63        Down            Yes – COMPQ

Leading stocks > +2% on Monday included WLT, FAZ, SINA, SLW

Losing stocks < -2.0% included ENTR, HAS, CIEN, FAS, NDAQ, JDSU, A, LDK, ARUN, VECO, TSL, UCO, IL, STI, BAC, ATI,SNDK, CY, DE, NVDA, MCP, RVBD

Interest rates TNX gapped lower and closed +0.01, bond ETF TLT fell 93 cents and Financials XLF was down 20 cents. The Euro moved down 39 pips to close at 1.4115 at 5 pm on Monday.

SPX
Resistance: 1,310, 1,321, 1,330
Support: 1300, 1,288, 1,278

The short term 3 day trend is neutral.
The six-month trend is neutral.
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 +8.88 – large white candle, new high close, above 30 DMA
AMZN -1.34 –hammer, bull flag setup, above 30 DMA
BIDU +1.20 – white candle, horizontal breakout setup, above 30 DMA
GOOG -2.68 – potential shooting star, above 30 DMA
NFLX -7.93 – hammer like, bull flag setup, above 30 DMA
PCLN -5.84 – hammer like, bull flag setup, above 30 DMA
QCOM +0.32 –small bullish engulfing, flag setup, above 30 DMA

NDX 100 stocks stronger than the NDX include CHKP, AAPL, WYNN, ISRG, BBBY, BIDU, QCOM, FLEX, CEPH and ERTS.

Stocks weaker than the NDX include NWSA, LINTA, WCRX,VMED, RIMM, NFLX, SNDK, AKAM, CELG and MU.

Stocks to Watch on Tuesday
Holding Above 30 DMA
TIF, KKD, CROX, GMCR, TPX, AGU, CMG, CRM, HLF, VMW, ATW, NGLS, CLF, ESI, ACN, CSTR, FFIV, ICE, POT, RVBD, AKS, CAM, CAT, COH, CRUS, DECK, DLR, FCX, LVS, NKE, NTES, PCX, SLB, WDC, SWN, URE, V, SINA, SOHU, WTW, ANF, CDE, SLW, CF, HUM, IAG, FAZ, ANR, ATI, MOS, UNG
Moving Above 30 DMA = 3
DLR, TBT, WLT
Moving Below 30 DMA = 7
ARUN, CHL, DHR, ENTR, TLT, UCO, ZION
Staying Below 30 DMA
DE, INFA, NETL, SWK, X, CY, SMH, SWKS, A, DOW, F, FAS, GES, HAS, JNPR, MCP, NDAQ, SNDK, GS, STI, LDK, BAC, TSL, UAL, UNG, VECO, CREE, NVDA, FWLT, MHS, JDSU, GLW, CIEN, IL

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