Financials, SPX Fade on Weak Euro...Bonds Rise...

Eight sectors moved lower on Monday and XLV was unchanged.  Defensive sectors XLV, XLP and XLU were the strongest sectors. 

Money Flow

Euro     -44 pips         1.2997

TNX      -0.41               18.13

TLT     +1.55              123.87

XLF      -0.28               12.26

SPX    -14.31          1,205.35

VIX      +0.63               24.92

INDU -0.84%

NDX -1.02%

SPX -1.17%

COMPQ -1.26%

RUT -1.87%

SPY moved down -$1.30 on 183.5 million shares on Monday.

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

Breadth weakened as decliners led advancers 3.70 to 1 on the NYSE and 3.56 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers          644             569

Decliners         2,386          2,026       

Monday’s Money Flow was in line as the Euro weakened and TNX, XLF and the SPX fell and bonds rose.  The VIX rose on Monday.

Stocks started the day higher and drifted lower for most of the day.  The SPX doubled its decline during the last hour of trading following a statement from the EU finance ministers that Euro-currency members agreed to provide additional bailout funding through the IMF.  A 150 billion Euros was short of the 200 billion Euros proposed at a Dec 9 EU summit.

The Euro did hold its 1.2943 – 1.3084 support area although it did move down 44 pips and as expected stocks drifted lower following Euro weakness.  Monday’s trading weakness appeared to be as much a function of fewer buyers around as prices drifted lower on relatively lighter volume.

(click image to enlarge)

See Friday’s post for 60+ potential Bullish Divergence Setups.

Here are 33 stocks that are at Support, some with a Bullish Divergence and some without, that could either bounce or break, so a Setup for a potential trade in either direction.  These stocks held support on a down day.

Setups
At Support – SWKS, MCP, DECK, CAT, CF, NGLS, HUM, DE, CMG, DHR, IBM, AKS, HLF, UCO, A, SMH, SWK, WDC, ICE, LNKD, UNP, IL, MOS, RVBD, VMW, POT, LVS, GS, VECO, SOHU, INFA, HAL, NTES

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Leading stocks > +2% on Monday LDK, FAZ, SWKS, MCP

Losing stocks < -2.0% included ZAGG, X, ANR, PCX, WLT, CLF, CREE, FAS, ARUN, RCL, LNG, ENTR, C, TPX, GRPN, UAL, ATI, BAC, STI, SINA, GLW, CDE, CIEN, FCX, CRM, ESI, SLW, NTES, ANF, HAL, ZION, INFA, SOHU, SLB, VECO, JDSU, TSL, GS, NVDA, LVS, SWN, TBT, DOW, URE, F, FFIV, KKD, POT, SNDK

NDX 100 stocks stronger than the NDX included CERN, SIRI, GMCR, CELG, ALXN, GILD, PCLN, APOL, SBUX and AAPL.

Stocks weaker than the NDX include FSLR, MU, RIMM, CTXS, NFLX, BRCM, WYNN, ADSK, LRCX and MAT.

Seven NDX stocks ADBE, BBBY, EXPE, FISV, MSFT, URBN and VOD closed below their 30 DMA leaving 21 NDX stocks above their 30 DMA. 

Stocks to Watch on Tuesday

Holding Above 30 DMA = 12

NGLS, V, WDC, LDK, NTES, UAL, DLR, TLT, CSTR, IL, URE, GES

Moving Above 30 DMA = 1

FAZ

Moving Below 30 DMA = 0

Staying Below 30 DMA

IBM, NKE, CMG, FFIV, SNDK, SWK, UCO, DE, F, HUM, TSL, UNP, X, AKS, ATI, C, CAT, CDE, CLF, CRUS, ENTR, FAS, FCX, GS, ICE, NDAQ, NVDA, SLB, SMH, TBT, ANR, DOW, RCL, TSLA, A, COH, DHR, INFA, CHL, CRM, DECK, HAL, HLF, JNPR, RVBD, STI, VECO, ZION, KKD, LVS, SLW, GLW, TIF CIEN, JDSU, VMW, ARUN, CF, CREE, SWN, WLT, MOS, PCX, TPX, GES, SOHU, MCP, BAC, CSTR, POT, SINA, SWKS, ZAGG, LNKD, ANF, ESI, CROX, GRPN

Eleven Week Intermediate Term Market Trend: Up

Short Term Market Trend: Down