SPX Moves Down 7 Points...Closes Near Unchanged...CSTR Gaps Up After EPS...

Seven of nine sectors moved lower on Monday.  XLE, XLK and XLP were the strongest sectors.

Following the pattern of the last six weeks the SPX and other indexes paused after the large move higher on Friday.  The SPX managed only a 7 point pullback before closing near Friday’s close.  The SPY moved down 9 cents on volume of 107.6 million shares.  The intermediate term trend is still up.

Money Flow

Euro     -24 pips    1.3129

TNX      -0.48          19.01

TLT      +1.16        117.73

XLF       -0.07         14.66

SPX      -0.57      1,344.33

VIX      +0.66           17.76

NDX -0.03%

SPX -0.04%

COMPQ -0.13%

INDU -0.13%

RUT -0.33%

Money Flow was typical as the Euro, TNX, XLF and SPX moved lower. Bonds and VIX moved higher.  The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

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

(click image to enlarge)

Breadth weakened as decliners led advancers 1.43 to 1 on the NYSE and 1.46 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,235          1,025

Decliners         1,771          1,505

CSTR +8.54, +16.89% gapped up after the close on better than expected earnings.

 Leading stocks > +2% on Monday included ANF, ESI, RVBD

Losing stocks < -2.0% included SOHU, MCP, SINA, HUM, GRPN, NTES, UAL, ZAGG

NDX 100 stocks stronger than the NDX included GMCR, VRTX, FSLR, GILD, NFLX, GOOG, GOLD, WCRX, NWSA and PNRA.

Stocks weaker than the NDX include ESRX, MU, EXPD, AMAN, BIDU, AVGO, KLAC, LRCX, CTRP and EXPE.

Four NDX stocks ADP, CTRP, EA and WYNN closed below the 30 DMA leaving 91 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 77

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, 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, VMW, WLT, IBM, ZAGG, UAL, TSLA, LDK, GES, DECK, GRPN, JNPR, V, ANR, ICE, PCX, ZION, GLW, NDAQ, TBT, TIF

Moving Above 30 DMA = 2

RVBD, SWN

Moving Below 30 DMA = 2

MCP, SOHU

Staying Below 30 DMA

AKS, TLT, ANF, HUM, UCO, ATI, SNDK, FAZ

Eighteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up