SPX Continues Up Trend Following Horizontal Breakout...PCLN Leads NDX...

All nine sectors moved higher on Tuesday. XLF +1.87%, XLE +1.63% and XLV +1.22% were the strongest sectors.

The Euro was up 59 pips to 1.3833 at 5 pm EDT on Tuesday. TNX closed was up +0.71 at 20.65. TLT was down -1.50. Financials XLF was up 25 cents.

The broad indexes moved higher with the RUT +1.36%, NDX +1.22 %, COMPQ +1.20%, SPX +1.17% and INDU +0.84%. The SPX moved up +14.80 to close at 1,275.92. The SPX continued its support bounce and made its highest close in a week.

Last week’s support bounce entries HON closed just above resistance, X held at resistance while MOS and HAL continued their support bounce towards resistance.

The VIX moved down -2.37 to 27.48.

AAPL, AMZN, BIDU, GOOG, PCLN and QCOM moved higher on Tuesday.

Breadth strengthened as advancers led decliners 3.98 to 1 on the NYSE and 2.57 to 1 on the NASDAQ.

Exchange      NYSE       NASDAQ
Advancers      2,231        1,844
Decliners          560           717

Leading stocks > +2% on Tuesday FAS, JDSU, JNPR, F, ANR, CSTR, STI, GS, C, CIEN, A, URE, TBT, NVDA, SINA, ZION, KKD, HAL

Losing stocks < -2.0% included FAZ, ENTR, UAL, ZAGG

NDX 100 stocks stronger than the NDX included PCLN, QGEN, EXPD, LIFE, AKAM, WCRX, SIRI, SPLS, XRAY and ESRX.

Stocks weaker than the NDX include VRTX, URBN, STX, EXPE, LINTA, ALXN, ERS, LRCX, AMGN and CTRP.

Four NDX stocks CELG, DELL and MRVL moved above their 30 DMA making 84 NDX stocks above the 30 DMA.

Stocks to Watch on Wednesday
Holding Above 30 DMA = 79
IBM, ARUN, DECK, FFIV, SNDK, F, NKE, COH, ENTR, UNP, DHR, DOW, SMH, SWK, TIF, TPX, VMW, C, JNPR, NGLS, RCL, CAT, DLR, HLF, SWN, NTES, WLT, RVBD, SLB, UCO, AKS, FAS, GLW, GS, ZION, A, BAC, CIEN, URE, ATI, CF, CMG, DE, FCX, GES, HUM, ANR, HAL, PCX, STI, CDE, CLF, CRUS, MCP, SLW, SOHU, TSL, CRM, JDSU, LDK, LVS, X, IL, INFA, MOS, NDAQ, V, WDC, CREE, ICE, KKD, NVDA, POT, SINA, SWKS, VECO, CHL, FWLT
Moving Above 30 DMA = 1
CSTR
Moving Below 30 DMA = 2
TLT, ZAGG
Staying Below 30 DMA
LNKD, ANF, ESI, TBT, UAL, CROX, FAZ, GMCR

Five Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up