SPY...XL Sectors and Many Stocks Form MACD Divergence...

Gold paused, TLT bonds pulled back -1.03 or 0.79% and the Euro climbed 63 pips to 1.2495.  TNX interest rates rose 0.60 to 15.27 from its all-time low on Friday.  Financial stocks fell 13 cents.  The SPX closed at 1,278.18 again closing below its 1,300 support area.

Six of nine sectors moved higher on Monday.  XLK, XLY, and XLU were the strongest sectors.

Breadth strengthened as decliners led advancers 1.34 to 1 on the NYSE and 1.01 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,288          1,245

Decliners         1,734          1,267

SPY moved down 6 cents on 202.4 million shares and formed a hammer candle at horizontal and Fibonacci support and price target levels.

AAPL was up +3.30 at 564.29 on 19.9 million shares...

FB -.82 cents at 26.90 on 35.2 million shares a new low.....

GRPN -74 cents, -7.64% a new closing low, breaking support…

C Pattern Continuation: COST, SRCL

C Pattern Reversal: AVGO

C Pattern Entry: SWKS

C Pattern Setup: CSTR, FAST, FISV, SBUX, GOOG, INTU, CMCSA, SHLD, V, DHR, A, SIAL, CMG, AAPL

Breakout:

Breakout Setup: MNST

Bear Flag Bounce: WCRX, ALTR, BMC

Daily/Weekly Bull Flags: BBBY, DLTR, ROST, CRUS, WFM, ALXN

MACD Histogram Bullish Divergence: CTXS, RVBD, MCP, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, VMED, PNRA, MSFT, MRVL, MCHP, GOLD, EXPD,  CHKP, AKAM, CROX, ORLY, VRXN, CRM, ZAGG, TSLA

Technical Commentary:

The SPY, DIA, QQQ, IWM, XLF, XLK, XLY XLP, XLV, XLB, XLE and XLI along with many stocks formed a potential MACD Histogram bullish divergence.

Monday Highlights: 

SPY closes down 6 cents

The Euro rose 63 pips, closed 1.2495

TNX +0.60

VIX rose -0.54, above 25 at 26.12

XLF closed down -13 cents

74 of 100 NDX stocks closed higher on Monday…

Leading NDX 100 stocks included GMCR, FSLR, MNST, SBUX,NFLX, SIRI, BIIB, AMZN, ISRG, APOL

Lagging NDX stocks included RIMM, VRTX, NUAN, NVDA, WCRX, PCAR, AVGO, CTRP, PNRA, SHLD

Leading stocks > +2% on Monday included SWKS, FAZ, UCO

Losing stocks < -2.0% included PCX, TSL, GRPN, UAL, STI, ZION, ANR, FB, GLW, RVBD, CREE, FAS, C, JDSU

Stocks to Watch on Tuesday

Holding Above 30 DMA = 3

TLT, FAZ, NTES

Moving Above 30 DMA = 2

CRUS, SWKS

Moving Below 30 DMA = 1

UAL

Staying Below 30 DMA

CIEN, CMG, SWI, VECO A, CSTR, DECK, DHR, GRPN, NKE, TSLA, V, ZAGG, CRM, LDK, LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, ANF, ATI, DE, GLW, IBM, SLB, VMW, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, TBT, F, JDSU, C, GS, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Down

No post Monday morning due to technical difficulties…