Trading SPX Drifts Lower...AAPL, PCLN, TNX Move Higher...

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Thought of the Day..."What lies behind you and what lies before you are tiny matters compared to WHAT LIES WITHIN you."  Ralph Waldo Emerson
 

All nine sectors moved lower on Tuesday, XLV, XLU and XLK were the strongest sectors.

Breadth weakened as decliners led advancers 1.83 to 1 on the NYSE and 2.29 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,057             769

Decliners         1,942          1,768

New High – AAPL, PCLN, ORLY, SBUX, ZAGG, TPX, CSTR, VMW, IBM, V

Horizontal Pennant – FAS, QCOM, KLAC, LNKD, CRM

Support Bounce Setup on UAL, TSLA, ZION, CRUS, SWKS, HLF, LVS, SWI, BAC, EXPE, AMZN, BIDU, LRCX, X, AKS, WDC, CMG, CROX, SHLD

Leading NDX 100 stocks included PCLN, SHLD, AAPL, PNRA, FFIV, NTAP, SNDK, ORLY and AMZN

Lagging NDX stocks included RIMM, FSLR, APOL, CTRP, GOLD, FAST, GMCR and BRCM

Leading stocks > +2% on Tuesday included TSLA, TBT, ZAGG, UAL

Losing stocks < -2.0% included LDK, ANR, COH, JNPR, PCX, CDE, TIF, VECO, ATI, TSL, CREE

Stocks to Watch on Wednesday

Holding Above 30 DMA = 53

CMG, CRUS, SWKS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, DLR, BAC, C, FAS, GS, NTES, ZION, DHR, TBT, MCP, GLW, URE, SMH, STI, CLF, X, CIEN, CREE, SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, HUM, TSLA, UAL, RVBD, ANF, DE, ESI, F, NKE, SWK

Moving Above 30 DMA = 0

Moving Below 30 DMA = 4

COH, JNPR, RCL, TIF

Staying Below 30 DMA

GRPN, MOS, UCO, VECO, ICE, AKS, SINA, TSL, ATI, GES, FAZ, TLT, CDE, LDK, SLB, DECK, FCX, ANR, PCX

Six Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral