NDX Closes Above 30 DMA...SPX, INDU, COMPQ and RUT Close Just Below...

The SPX rose +2.84 and closed at 1,212.92. The SPX closed above its 1,200 horizontal resistance and formed a higher high and higher low on the daily candle. Each of the broad indexes stayed above horizontal resistance.

NDX leaders AMZN, BIDU, NFLX, PCLN and QCOM all gained more than the NDX, AAPL and GOOG gained less.

Eight NDX stocks closed above their 30 DMA today including BIDU, CA, CTRP, EBAY, MSFT, MYL, NVDA and SIAL with the total above at 51. In our 30 DMA Watch List, 9 stocks closed above the 30 DMA with the total at 36.

Posture turned Bullish on Friday as the MF Green Line moved out of the lower reversal zone on Friday. It is time to take One Green Arrow trades again.

NDX white candle horizontal breakout, close above 30 DMA +0.62%
SPX potential hanging man, at 30 DMA +0.23%
INDU potential hanging man, at 30 DMA +0.18%
COMPQ white candle horizontal breakout, at 30 DMA +0.55%
RUT white candle horizontal breakout, at 30 DMA +0.47%

Breadth weakened as advancers led decliners 1.76 to 1 on the NYSE and 1.09 to 1 on the NASDAQ …

Exchange     NYSE     NASDAQ
Advancers    1,910        1,324
Decliners      1,084        1,204

Index     Change     Close     Direction     Confirmation
VIX            +0.61      32.89      Down            No – SPX
SOX           -0.21     358.23      Down            No – COMPQ

Leading stocks > +2% on Tuesday JDSU, SINA, MCP, KKD, LNKD, ENTR, GMCR, CSTR, CIEN, RVBD, UCO, SOHU, NTES, NETL, LVS, HUM, VMW, NVDA, FWLT, UNP

Losing stocks < -2.0% included TBT, BAC, LDK, ANR, CRM, NKE

SPX
Resistance: 1,225, 1,235, 1,249
Support: 1,200, 1,177, 1,160

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

NDX 100 stocks stronger than the NDX include RIMM, CTRP, NFLX, WYNN, GMCR, BIDU, MAT, VRTX, PCLN, EXPE and NVDA.

Stocks weaker than the NDX include MU, LRCX, WCRX, SPLS, MCHP, ADBE, ADSK, NWSA, XRAY and FLIR.

Stocks to Watch on Wednesday
Holding Above 30 DMA = 27
TLT, CF, CHL, CDE, SLW, DE, GMCR, KKD, MOS, NKE, POT, V, CROX, CRUS, DLR, HLF, HUM, ICE, JDSU, LVS, NDAQ, NTES, SOHU, TIF, TSL, UAL, ZAGG
Moving Above 30 DMA = 9
ARUN, CLF, CMG, CSTR, FWLT, MCP, NGLS, NVDA, SINA
Moving Below 30 DMA = 2
BAC, VECO
Staying Below 30 DMA
LDK,CREE, DECK, HAL, IBM, LNKD, SNDK, SWKS, TPX, ESI, ANF, COH, FCX, GS, SLB, WLT, SWN, DOW, UCO, UNP, VMW, ANR, ATI, CAT, CIEN, CRM, FAS, JNPR, SMH, STI, URE, WDC, AKS, C, PCX, TBT, X, ZION, NETL, DHR, FFIV, RVBD, ENTR, INFA, SWK, A, F, GES, GLW, IL

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