SPX Rises as Financials Lead Sectors for Second Straight Day...

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All nine sectors moved higher on Monday. XLF +2.01%, XLE +1.24% and XLB +1.18% were the strongest sectors.

The Euro was down 4 pips to 1.3381 at 5pm EDT on Monday. TNX was up +0.12 to 20.54. TLT was down 24 cents. Financials XLF was up 26 cents.

Individual financial stocks continued to rise on heavy volume for the second straight day including MS +6.77% on 67.2 million shares, C +5.89% on 80.8 million shares, STI +3.77% on 8.3 million shares, BAC +2.66% on 293.5 million shares, JPM +2.65% on 52.5 million shares, GS +2.64% on 8.5 million shares and WFC +2.57% on 34.4 million shares.

The broad indexes pulled back from their intra-day highs and close higher on Monday and with the RUT +1.63%, COMPQ +1.10%, NDX +1.08%, SPX +1.03% and INDU +0.65%. The broad indexes are above their 10 DMA and 30DMA. The SPX moved up +12.80 to close at 1,257.08.

SPY moved up $1.36 and volume was 225.1 million shares on Monday.

The VIX moved up +0.32 to 27.84. This is a non-confirmation.

AAPL, AMZN, BIDU, GOOG and QCOM moved higher on Monday. PCLN moved lower.
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Setups
Horizontal Breakout New Highs - FAST, FFIV, GRMN, ROST, DLTR, GOOG, NGLS, IBM
Horizontal Breakout - SLB, SWK, AKAM, NVDA, QGEN, APOL, MAT, CSCO, INTC, INTU, ISRG, JOYG, KLAC, SBUX, SNDK, TSLA, UNP, WDC, V, CAT, ATI, X, DOW
Bear Flag - SINA, SWKS, LNKD, ANF, ESI, GRPN, BAC, WYNN, PCLN, ADBE, INFY, VRTS, CERN, AMZN
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Breadth strengthened as advancers led decliners 3.49 to 1 on the NYSE and 2.25 to 1 on the NASDAQ.

Exchange       NYSE       NASDAQ
Advancers       2,363         1,757
Decliners           677            780

Leading stocks > +2% on Monday IL, LDK, C, FAS, ARUN, CRM, RVBD, ANR, CLF, GES, ZAGG, ZION, ENTR, STI, TPX, AKS, TSLA, JNPR, CROX, SOHU, PCX, LNKD, GLW, UAL, INFA, FFIV, SLB, VECO, RCL, BAC, GS, SWK, ANF, X, FCX, DLR, HLF, COH

Losing stocks < -2.0% included FAZ, SINA, HUM

NDX 100 stocks stronger than the NDX included ILMN, NFLX, SPLS, GMCR, EBAY, KLAC, INTU, ORLY, CTXS and QGEN.

Stocks weaker than the NDX include ALXN, SIRI, CTRP, NVDA, BIIB, MU, ERTS, AMGN, YHOO and VMED.

Thirteen NDX stocks including BBBY, CA, CTSH, GMCR, LLTC and ORCL   closed above and ALXN, BIIB and MU closed below the 30 DMA making 60 NDX stocks above the 30 DMA.

Stocks to Watch on Tuesday
Holding Above 30 DMA = 37
TSLA, NGLS, UCO, CDE, DE, FFIV, HUM, NKE, NVDA, UNP, V, WDC, ANR, ATI, CAT, CHL, CLF, CRUS, DECK, DOW, FCX, HAL, IBM, KKD, LDK, LVS, NDAQ, SLB, SWK, TSL, X, ENTR, NTES, SNDK, UAL, CMG, DLR, INFA, RCL
Moving Above 30 DMA = 15
A, AKS, C, COH, CRM, F, FAS, GS, HLF, JNPR, RVBD, SMH, STI, VECO, ZION
Moving Below 30 DMA = 2
KKD, LVS
Staying Below 30 DMA
DHR, ICE, SLW, TLT, FAZ, GLW, TIF CIEN, JDSU, VMW, ARUN, CF, CREE, SWN, URE, WLT, MOS, PCX, TPX, GES, SOHU, MCP, BAC, CSTR, IL, POT, SINA, SWKS, ZAGG, LNKD, ANF, ESI, TBT, CROX, GRPN

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