SPX Falls to 1,250 Support...

The SPX opened lower and fell to its 1,250 area support closing down -32.89 at 1,254.05. The VIX was up +1.13 at 24.79.

NDX large black candle, close below 30 DMA -2.60%
SPX large black candle, below 30 DMA -2.56%
INDU large black candle, below 30 DMA -2.19%
COMPQ large black candle, close below 30 DMA -2.75%
RUT large black candle, below 30 DMA -3.26%

Breadth weakened as decliners led advancers 3.71 to 1 on the NYSE and 4.91 to 1 on the NASDAQ …

Exchange        NYSE      NASDAQ
Advancers           645           443
Decliners          2,396        2,178

Leading stocks > +2% on Tuesday included FAZ, HLF, TLT, SLW, FWLT

Losing stocks < -2.0% included MCP, TIF, FAS, VECO, ANF, CSTR, COH, CY, PCX, TBT, URE, SWKS, WLT, CIEN, NETL, WDC, STI, JDSU, ATI, LVS, ATW, VMW, AKS, UAL, NKE, GES, SINA, A, ZION, KLD, IL, UCO, DOW, F, HAS, X, ANR, DHR, RVBD, C, UNP, ARUN, NTES, CROX, FFIV, CAT, MOS, CLF, SNDK, NDAQ, BAC, FCX, GLW, TPX, SWK, POT, SWN, SLB, SMH, CF, AGU, MHS, CAM, ICE, V, DE, CRUS, DLR, CHL, GS, CMG

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: 1,267, 1,278, 1,288
Support: 1,258, 1,249, 1,221

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 -7.84 – black candle, above 30 DMA
AMZN -9.62 – large black candle, above 30 DMA
BIDU -6.01 – large black candle, above 30 DMA
GOOG -14.87 – large black candle, above 30 DMA
NFLX -6.18 –  black candle, below 30 DMA
PCLN -20.54 – large black candle, close below 30 DMA
QCOM -1.11 – black candle, below 30 DMA

NDX 100 stocks stronger than the NDX include WCRX, SPLS, CTSH, AMGN and LIFE.

Stocks weaker than the NDX include CTRP, LINTA, MYL, NWSA, MU, WYNN, BRCM, CMCSA, STX and JOYG.

Stocks to Watch on Wednesday
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 = 1
HLF
Moving Below 30 DMA = 10
ANF, ATW, COH, FCX, GS, POT, SLB, SWKS, V, WLT
Staying Below 30 DMA
NKE, SINA, SNDK, SWN, ACN, AGU, DOW, UCO, UNP, VMW, CLF, 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