SPX Closes Lower After Opening Higher...AAPL, BIDU, GOOG Close Higher...

The SPX failed to hold on to its opening gains and closed down -5.34 at 1,286.94. The VIX was down -1.59 at 23.66.

NDX large black candle, bull flag setup, above 30 DMA -0.37%
SPX high wave candle, below 30 DMA -0.41%
INDU high wave candle, below 30 DMA -0.09%
COMPQ large black candle, close below 30 DMA -0.43%
RUT large black candle, below 30 DMA -0.52%

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

Exchange      NYSE      NASDAQ
Advancers     1,606        1,187
Decliners       1,411        1,406

Leading stocks > +2% on Monday included NVDA, ZAGG, GMCR, CDE ANF, DECK, TSL

Losing stocks < -2.0% included SOHU, CIEN, AKS, ATI, A, HUM, URE, IL, FWLT, NTES, TBT

Earnings This Week
Monday Aug 1= CTRP, HLF, HUM, SOHU
Tuesday Aug 2 = CTSH, EXPD, HSIC, SIRI, COH, FWLT
Wednesday Aug 3 = ATVI, CMCSA, AGU, ATW, ENTR, ICE, WLT
Thursday Aug 4 = DTV, FSLR, GRMN, PCLN, ANR, CF, SINA
Friday Aug 5 = WCRX, WTW


SPX
Resistance: 1,300, 1,310, 1,321
Support: 1,288, 1,278, 1,267

The short term 3 day trend is down.
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 +6.27 – black spinning top, bull flag entry, above 30 DMA
AMZN -1.20 – black spinning top, bull flag setup, above 30 DMA
BIDU +1.86 – black spinning top, bull flag entry, above 30 DMA
GOOG +3.08 – black spinning top, bull flag setup, above 30 DMA
NFLX -2.61 – black spinning top, below 30 DMA
PCLN +1.21 – black candle, above 30 DMA
QCOM -0.66 – large black candle, below 30 DMA

NDX 100 stocks stronger than the NDX include NVDA, GMCR, INFY, AAPL, CTSH, BIDU, BIIB, NIHD, EBAY and ROST.

Stocks weaker than the NDX include TEVA, WCRX, SPLS, FLEX, MYL, QGEN NTAP, ILMN, CTRP and LIFE.

Stocks to Watch on Tuesday
Holding Above 30 DMA
CROX, CMG, ATW, POT, CAM, COH, DECK, FCX, LVS, NTES, SLB, V, SOHU, ANF, CDE, SLW, CF, IAG, MOS, DLR, WLT, CHL, MCP, MHS, GS, SWKS, FAZ, TPX, GMCR, TLT, CREE, ESI, WTW
Moving Above 30 DMA = 0


Moving Below 30 DMA = 4
NKE, SINA, SNDK, SWN
Staying Below 30 DMA
ACN, AGU, DOW, UCO, UNP, VMW, CLF, HLF, NGLS, ANR, ATI, CAT, CIEN, CRM, CRUS, CY, DLR, FAS, ICE, JNPR, LDK, NDAQ, SMH, STI, TIF, URE, WDC, AKS, CSTR, DE, PCX, TBT, X, ZION, KKD, NETL, DHR, FFIV, SWK, UNG, ARUN, RVBD, HUM, ENTR, INFA, A, F, GES, HAS, BAC, TSL, UAL, VECO, NVDA, FWLT, JDSU, GLW, IL

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