NDX Makes New High Close as AAPL Reaches All-time High...SPX Moves Higher as Greece Passes Reforms...

Reversing Friday’s selloff, eight of nine sectors moved higher on Monday.  XLI, XLF and XLY were the strongest sectors.

The NDX and COMPQ made another New High Close on Monday.  The SPX was just .18 point below Thursday’s New High Close and the INDU and RUT also closed near last week’s closing high.  The SPY moved up $1.00 on volume of 115.7 million shares.  The intermediate term trend is still up.

The NDX made another 11 year high as AAPL made another all-time high.  AAPL accounted for 1/3 of the 22 point move in the NDX and six more stocks AMZN, GOOG, PCLN, AMGN, BIDU and GILD accounted for a second 1/3 of the move.  The last 1/3 of the point move came from the other 93 stocks.

Money Flow

Euro   -11 pips       1.3184

TNX    +0.21            19.90

TLT     +0.15          117.14

XLF    +0.13            14.70

SPX    +9.13       1,351.77

VIX      -1.75            19.04

RUT +1.41%

COMPQ +0.95%

NDX +0.87%

SPX +0.68%

INDU +0.57%

Money Flow was a little atypical as the Euro moved slightly lower and the TNX, bonds, XLF and the SPX moved higher.  The TLT bond move was just 15 cents higher.  The VIX moved lower.  The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout, now just 76 points away.

The VIX moved down and did confirm the SPX on Monday.

(click image to enlarge)

Breadth strengthened as advancers led decliners 3.36 to 1 on the NYSE and 2.69 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       2,357          1,867

Decliners           701             693 

Continue to look for Breakout and Bull Flag Setups in your watch list.  The intermediate term trend is still up.  Be sure to protect profits according to your rules.  The Euro which is in a bull flag pattern is setting up for potential trend continuation.

Bull Flag Setups/Entries – CSTR, UAL, SWKS, RCL, CREE, X, WDC, FSLR, NFLX, GMCR, GILD, GRMN

(click image to enlarge)

Leading stocks > +2% on Monday included SINA, KKD, TPX, UCO, CRM, AKS, FAS, HLF, VMW, CSTR, BAC, URE, CRUS, ESI

Losing stocks < -2.0% included GRPN, PCX, DECK, FAZ, CREE, ANR, LNKD

NDX 100 stocks stronger than the NDX included PCLN, FAST, GMCR, FOSL, AMZN, CTXS, EXPE, BIDU, ISRG and ADSK.

Stocks weaker than the NDX include FSLR, NFLX, RIMM, WYNN, NTAP, ALTR, PNRA, CTRP, WFM and BMC. 

Three NDX stock CELG, EXPD and GOOG closed above the 30 DMA and two ATVI and ESRX closed below leaving 81 NDX stocks above their 30 DMA. 

Stocks to Watch on Tuesday

Holding Above 30 DMA = 72

WDC, DLR, URE, CMG, DE, DOW, ENTR, FAS, SWK, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX,  TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, TSL, CSTR, SINA, VECO, COH, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, SWI, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, JNPR, V, ICE, ZION, GLW, NDAQ, TBT, TIF, RVBD, SWN

Moving Above 30 DMA = 4

IL, MOS, UCO, UNP

Moving Below 30 DMA = 2

DECK, GRPN 

Staying Below 30 DMA

ANR, PCX, POT, MCP, SOHU, AKS, TLT, ANF, HUM, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral