Tuesday, April 3, 2012

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

4 comments:

Unknown said...

Welcome Back Big Dave!!!
Hope all is well with you.

Mike said...

yes, welcome back Dave. Missed you

Paula said...

Thanks for the thought for the day. I missed your blogging.

TraderBobb said...

Dave:
Excellent quote:
Thanks
Robert
CANI_212