Four of nine sectors moved higher on Tuesday…XLP, XLV and XLK were
the strongest sectors.
Breadth strengthened on Tuesday as decliners lead advancers 1.25 to 1 on the NYSE and 1.02 to 1 on the NASDAQ…
Exchange NYSE NASDAQ
Breadth strengthened on Tuesday as decliners lead advancers 1.25 to 1 on the NYSE and 1.02 to 1 on the NASDAQ…
Exchange NYSE NASDAQ
Advancers 1,329
1,229
Decliners 1,670 1,262
SPY down .12 cents at 146.62...volume 98 million shares
VIX down - .41 at 14.18…
Euro …
TNX down .26 at 18.12…
TLT up .60 at 120.32…
XLF down .08 cents at 16.05…
Gold
down 2 at 1,769…
Oil
up 25 cents at 95/54…
AAPL up 2.13 at 701.91…volume 13.3 million shares …
FB up .48 cents at 21.87… volume 36.7 million shares…
The Market Forecast green line is in the upper zone.
Technical Commentary:
AAPL closing over $700 first time ever…
Be mindful that most stocks in our lists have already bounced or broken out
of resistance and that profits should be protected according to your rules.
New Chart Targets:
SPY = 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
Eur/Usd = 1.3095 1.60 Fib, 1.3345 S&R Measuring.
SPY = 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
Eur/Usd = 1.3095 1.60 Fib, 1.3345 S&R Measuring.
Short-term
support at
144.39, 143.09 = SPY
1,438.75, 1,421.50 = ES
2,802.50, 2,775, 2,750 = NQ
Setups:
Breakout: Monday: LIFE, FFIV; Tuesday: KFT
Break in Support: Monday: BA; Tuesday:
FLEX, ROST, DECK, COH, MOS,
Gap Down: Monday: SBUX; Tuesday: BBBY
Flag: Monday: APOL, LRCX
39 of 100 NDX stocks closed higher on Tuesday…
Leading NDX 100 stocks
included: FFIV, APOL BRCM, RIMM, WCRX, KFT, SIRI, MRVL, GILD, YHOO, ALXN, GOOG,
VOD, BIIB, ORLY, TEVA, VMED, NVDA
Lagging NDX stocks included: BBBY,
GMCR, ADBE FLEX, ROST, AMAT, KLAC, FOSL, NFLX, SHLD, MNST, FAST, EA, DTV, MU,
LINTA
Leading stocks > +2% on Tuesday included: LDK,
MCP, ESI, CLF
Lagging stocks < -2.0% included: DECK, TSLA, COH, TPX, X ANR, UAL, JNPR, ATI
Stocks to Watch on Wednesday…
Holding Above 30 DMA = 58
UCO, TPX, GS, RVBD, SWI, CROX, CRUS, CREE, C, FAS, FCX, JDSU, NKE, RCL, STI, TIF, BAC, CDE, CRM, SINA, SOHU, F, ZION, ANF, INFA, ICE, LVS, LNKD, HUM, URE, COH, GLW, CSTR, MOS, UAL, CMG, DE, DHR, ESI, IBM, SWK, TBT, VMW, AKS, ANR, ATI, VECO, CLF, JNPR, MCP, SLB, V, X, FB, ZAGG, A, HLF, TSLA, NKE, DECK
UCO, TPX, GS, RVBD, SWI, CROX, CRUS, CREE, C, FAS, FCX, JDSU, NKE, RCL, STI, TIF, BAC, CDE, CRM, SINA, SOHU, F, ZION, ANF, INFA, ICE, LVS, LNKD, HUM, URE, COH, GLW, CSTR, MOS, UAL, CMG, DE, DHR, ESI, IBM, SWK, TBT, VMW, AKS, ANR, ATI, VECO, CLF, JNPR, MCP, SLB, V, X, FB, ZAGG, A, HLF, TSLA, NKE, DECK
Moving Above 30 DMA = 0
Moving Below 30 DMA = 4
DECK,
HLF, CSTR, UCO
Staying Below 30 DMA
X, AKS, DLR, GRPN, WDC, CIEN, TSL, GES, CHL, NTES, FAZ, LDK
Fifteen Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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