SPX Closes Higher as Breadth Strengthens and VIX Pull Back...

After rising to 1,195 the SPX closed up +12.43 at 1,175.38. The VIX moved down -1.31 and closed at 37.71.

SPY volume increased to 311.5 million shares.

Twelve NDX stocks including AKAM, CTXS, EXPE, FFIV, INFY, SHLD and VMED moved above their 30 DMA making 68 NDX stocks above the 30 DMA. In our 30 DMA Watch List, eight more stocks moved above the 30 DMA making 33 stocks above their 30 DMA.



NDX spinning top, above 30 DMA +0.86%
SPX potential shooting star at 30 DMA, below 30 DMA +1.07%
INDU white candle at 30 DMA, below 30 DMA +1.33%
COMPQ spinning top, above 30 DMA +1.35%
RUT potential shooting star at 30 DMA, below 30 DMA +2.19%

Breadth strengthened as advancers led decliners 4.54 to 1 on the NYSE and  2.98 to 1 on the NASDAQ …

Exchange      NYSE      NASDAQ
Advancers     2,510        1,966
Decliners          552            659

Leading stocks > +2% on Tuesday MCP, ATI, CIEN, SINA, UCO, NTES, RCL, DOW, JNPR, A, VECO, AKS, GLW, IL, FCX, CRUS, TBT, CRM, SWK, INFA, MOS, X, COH, LNKD, POT, UNP, LVS, WLT, HAL, NGLS, SMH, SLW, STI, KKD

Losing stocks < -2.0% included UAL, TSL, ZAGG, RVBD, CMG, LDK, CROX

All nine sectors moved higher on Tuesday. Materials XLB +2.08%, Industrials XLI +1.76% and Healthcare XLV +1.53% and were the strongest sectors.

Interest rates TNX closed up +1.12 at 20.16, bond ETF TLT moved down -1.82 and Financials XLF closed up 6 cents.  The Euro moved up 48 pips to close at 1.3583 at 5 pm on Tuesday.

SPX

Resistance: 1,160, 1,177, 1,200
Support: 1,146, 1,134, 1,117

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

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 SHLD, JOYG, INFY, AKAM, RIMM, CTXS, BIDU, ADSK, CTRP and AMAT.

Stocks weaker than the NDX include NFLX, AMZN, VRTX, DLTR, MU, URBN, YHOO, ORLY, AAPL and WFM.

Stocks to Watch on Wednesday
Holding Above 30 DMA = 25
TLT, GMCR, V, DECK, ICE, SNDK, CMG, COH, CRUS, HUM, NDAQ, UAL, IBM, FAZ, ARUN, CROX, INFA, NKE, NVDA, SMH, TIF, ANF, ENTR, HLF, TPX
Moving Above 30 DMA = 8
CHL, CRM, CSTR, DHR, FFIV, IL, STI, SWKS
Moving Below 30 DMA = 1
VMW
Staying Below 30 DMA
JDSU, LVS, NGLS, SLW, SWN, A, CIEN, CREE, DE, RCL, URE, ATI, CF, DOW, GES, KKD, LNKD, MOS, RVBD, SINA, UNP, WDC, CDE, CLF, DLR, F, FAS, MCP, POT, UCO, WLT, ZION, AKS, CAT, FWLT, PCX, JNPR, NTES, SOHU, ZAGG, GLW, SWK, TSL, BAC, VECO, LDK, HAL, ESI, FCX, GS, SLB, ANR, C, TBT, X

Six Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up