AAPL Blows Away EPS and Revenue Estimate...AAPL Up $30...

AAPL posted Q4 EPS of $13.87 vs. $10.10 estimate and revenue of $46.33 bln. vs. $38.9 bln. estimate.  iPad unit sales of 15.42 million also exceeded expectations.  AAPL also raised guidance for Q1 2012.  Stock to resume trading at 4:50 pm ET.

TPX beats revenue, earnings and raises guidance...

4:46 pm ET - NQ futures up 22 points look for AAPL to gap higher when trading resumes...

Three of nine sectors moved higher on Tuesday.  XLY, XLI and XLV were the strongest sectors.

Money Flow

Euro      +10 pips     1.3024

TNX        -0.03            20.64

TLT        +0.21          116.45

XLF        -0.02            14.17

SPX        -1.35       1,314.65

VIX        +0.24            18.91

RUT +0.67%

COMPQ +0.09%

SPX -0.10%

NDX -0.13%

INDU -0.26%

Money Flow did follow the Euro lower at the open and moved higher as the Euro found support.  TNX was down slightly and bonds closed slightly higher.   XLF and the SPX moved slightly lower.  The SPX has a new chart target of 1,428 within 12 weeks.

The VIX did confirm the SPX today.

As we posted last night AAPL earnings reaction to the upside after the close today has already sent the direction of the short-term trend higher.

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SPY moved down 15 cents on volume of 102.9 million shares.  After the close AAPL reported blow away earnings and SPY rose 54 cents in after hours trading.

Breadth strengthened as advancers led decliners 1.16 to 1 on the NYSE and 1.49 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,619          1,491

Decliners         1,376          1,000

Tuesday’s Earnings of Interest

AAPL beat

AKS beat

ALTR beat

COH beat

DD beat

JNJ beat

MCD beat

TPX beat

YHOO beat

TRV EPS miss, revenues beat

VZ EPS miss, revenues beat

STLD EPS beat, revenues miss

AMD EPS beat, revenues miss

(click image to enlarge)

Earnings season continues…

Wednesday – ATI, ADP, BA, CTXS, COP, GLW, DAL, LRCX, NFLX, SNDK, SWK, SYMC, LCC, UTX

Thursday – MMM, ALK, AMGN, T, CAT, CELG, CRUS, INFA, ESI, JNPR, KLAC, MXIM, POT, RVBD, UA, UAL, VRSN

Friday – MO, CVX, DHI, F, HON, PG

Leading stocks > +2% on Tuesday VMW, WDC, COH, A, ARUN, CROX, ANF, TPX, WLT, WLT, JNPR, HAL, UAL, TSLA, CRM, NVDA, JDSU

Losing stocks < -2.0% included ZION, ANR, VECO, LDK, ZAGG, POT, SWN, SLW

NDX 100 stocks stronger than the NDX included GMCR, ADSK, LIFE, LRCX, ADBE, NVDA, BRCM, BMC, FOSL and ATVI.

Stocks weaker than the NDX include RIMM, SHLD, WCRX, MYL, GOLD, VRTX, BIDU, AAPL, MRVL and NFLX.

Two NDX stocks ATVI and DTV closed above the 30 DMA and three stocks CHRW, MYL and RIMM closed below the 30 DMA leaving 92 NDX stocks above their 30 DMA. 

Stocks to Watch on Wednesday

Holding Above 30 DMA = 75

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

Moving Above 30 DMA = 1

UAL

Moving Below 30 DMA = 4

ANR, LDK, SWN, UCO

Staying Below 30 DMA

V, GRPN, TLT, ANR, TIF, PCX, ANF, FAZ, TSLA, DECK, SWN

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral