SPX Forms Doji Near Resistance as TNX Moves Higher...

Five of nine sectors moved higher on Tuesday. XLK +0.44%, XLY +0.43% and XLI +0.29%, were the strongest sectors.

On Tuesday the Euro was up 9 pips to 1.3643. TLT was down -39 cents. Financials XLF was down 1 cent.

The broad indices all moved higher with the NDX +0.71%, COMPQ +0.66%, RUT +0.59%, SPX +0.05% and INDU -0.15%. The SPX moved up +0.65 and closed at 1,195.54. The VIX moved down -0.16 to 32.86.

Tuesday is the high day of the recent short term up trend as the SPX nears the 1,205 horizontal resistance area.

AA, -5.24% in after hours trading, reported stronger earnings 15 cents per share and revenues than the same quarter a year ago but less than analysts expectations of 22 cents. AA affirmed a 12% growth rate for 2011. JPM, GOOG and FAST report earnings on Thursday October 13.

Breadth weakened as advancers led decliners 1.26 to 1 on the NYSE and 1.53 to 1 on the NASDAQ.

Exchange      NYSE      NASDAQ
Advancers     1,666         1,527
Decliners       1,320           994

Leading stocks > +2% on Tuesday SINA, ZAGG, C, SOHU, CF, MOS, CSTR, WLT, PCX, WDC, ANR, DE, ZION, TSL, POT, CIEN, ENTR, JNPR, TPX, UAL, JDSU, HLF, NGLS, ESI

Losing stocks < -2.0% included DLR, URE, RVBD, IL, LNKD, VECO, ICE

NDX 100 stocks stronger than the NDX included CTXS, RIMM, BIDU, JOYG, SHLD, AAPL, WCRX, ADSK, HSIC and APOL.

Stocks weaker than the NDX include FSLR, NFLX, GILD, MRVL, INFY, BIIB, BMC, WYNN, CHKP and WFM.

Sixteen NDX stocks including AAPL, and JOYG moved above their 30 DMA making 74 NDX stocks now above the 30 DMA.

Stocks to Watch on Wednesday
Holding Above 30 DMA = 33
TLT, IBM, ARUN, DECK, FFIV, ICE, INFA, SNDK, CRUS, CSTR, F, NDAQ, NKE, ANF, COH, ENTR, NVDA, UNP, CRM, CROX, DHR, DOW, GLW, SMH, STI, SWK, TIF, TPX, UAL, V, VMW, WDC, ZION
Moving Above 30 DMA = 6
A, C, JNPR, NGLS, RCL, ZAGG
Moving Below 30 DMA = 2
DLR, UCO
Staying Below 30 DMA
FAZ, CMG, HLF, HUM, GMCR, CHL, IL, SWKS, JDSU, LVS, SLW, SWN, CIEN, CREE, DE, URE, ATI, CF, DOW, GES, KKD, LNKD, MOS, RVBD, SINA, CDE, CLF, FAS, MCP, POT, WLT, AKS, CAT, FWLT, PCX, NTES, SOHU, TSL, BAC, VECO, LDK, HAL, ESI, FCX, GS, SLB, ANR, TBT, X

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