Euro Gains, Financials, Materials Rise as Breadth Strengthens...

Seven of nine sectors moved higher on Tuesday.  XLB, XLF, and XLE were the strongest sectors.

Breadth strengthened as advancers led decliners 5.25 to 1 on the NYSE and 3.16 to 1 on the NASDAQ.

Exchange      NYSE    NASDAQ

Advancers     2,565       1,903

Decliners         488          601

SPY moved up $1.30 on 137.3 million shares closing above its 30 DMA for the fourth straight day and horizontal resistance from May 29.  The SPX gained +13.20 at 1,357.98, reaching intraday its 1,364 price target from the breakout of its June 11 high.  Next potential price targets are 1,377 and 1,403 from its breakout from its May 29 high.

The FOMC will make its announcement on interest rates on Wednesday at approximately 2 pm ET.

The Market Forecast green line is pointed up.

AAPL was up 1.63 at 587.41 on 12.9 million shares...

FB gained 50 cents at 31.91on volume of 30.8million shares...

GRPN -0.22, -1.97%…

C Pattern Continuation: FAS, AKAM, MSFT, SWI, SBUX, CMG, ISRG, VMI, ORLY, PIR, HIBB, ODFL, V, TSLA, A, CTXS, SWKS, AVGO, AAPL, CSTR, INTU, SIAL, SRCL, FISV

C Pattern Pullback:

C Pattern Reversal:

C Pattern Entry: DKS, DHR, SHLD, DXPE, FMC

C Pattern Setup: QCOM, GOOG, VMW, ZAGG, CRM, SAVE

Breakout: NFLX, GOLD, EXPD, ALXN, IWM,

Breakout Continuation: PNRA, CRUS, URE, AVGO, CSTR, QQQ, PNRA, COST, VRSN, ROST, DLTR, WFM, MCHP, SPY, DIA, ICE, FAS,

Breakout Setup: JDSU, INFA, AAPL, C, IWM, VECO, LVS

Bounce: F, TFM, VMED, RVBD, VECO, BIDU, CROX

Daily/Weekly Bull Flags: MNST, MCP, SOHU

MACD Histogram Bullish Divergence Confirmed: ALTR, TPX, MRVL

Technical Commentary:

The Euro moved up strong leading to a falling dollar rising interest rates TNX, XLF and SPY.  Bonds TLT fell -1.66.  The VIX stayed low as fear is out of the market for now.  Breakout price target on XLF is 14.80 and SPY 136.64. 

Tuesday Highlights:

SPY closes up $1.30

The Euro moved up 108 pips, closed at 1.2683

TNX +0.36

VIX rose +0.06, at 18.38

XLF closed +24 cents at 14.50

86 of 100 NDX stocks closed higher on Tuesday…

Leading NDX 100stocks included NVDA, SHLD, FSLR, ALXN, NFLX, WYNN, SIRI, NUAN, ORCL, ADSK

Lagging NDX stocks included MNST, EXPE, FFIV, DELL, CHKP, VRTX, INFY, MXIM, ROST, BMC

Leading stocks > +2% on Tuesday included X, ZAGG, BAC, ATI, NTES, FAS, MOS, CLF, SINA, MCP, FCX, C, STI, VECO, ANR, AKS, ESI, ANF, UAL, GS, DE, TBT, LVS, A, RCL, CHL, UCO, F

Losing stocks < -2.0% included LDK, FAZ, DECK, PCX

Stocks to Watch on Wednesday

Holding Above 30 DMA = 36

TLT, CRUS, SWKS, CIEN, ICE, CDE, GES, CSTR, HUM, BAC, DLR, C, FCX, GLW, HLF, NTES, URE, A, FAS, IBM, LNKD, MOS, RCL, RVBD, SLB, SMH, SWI, TSL, TSLA, V, CMG, GRPN, IFNA, JDSU, SINA, STI

Moving Above 30 DMA = 6

CHL, CLF, DE, DHR, F, UAL

Moving Below 30 DMA = 0

Staying Below 30 DMA

FAZ, DECK, NKE, VECO, ZAGG, CRM, LDK, CREE, WDC, ANF, ATI, VMW, ESI, TIF, UCO, AKS, ANR, JNPR, X, SOHU, CROX, LVS, PCX,  MCP, SWK, TPX, ZION, TBT, GS, COH

Five Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up