Breadth weakened on Tuesday as decliners led advancers 1.48 to 1 on the NYSE and1.22 to 1 on the NASDAQ…
Exchange
NYSE NASDAQ
Advancers
810 667Decliners 2,216 1,848
SPY
down -1.54
at 144.10...volume
133.1 million shares
VIX up
1.28 at 15.43…
Euro
unchanged at 1.2930…
TNX
down -0.36 at
16.82…TLT up 1.21 at 123.71…
XLF down 24 cents at 15.60…
AAPL
down -17.25
at
673.54…volume
18.5 million shares …
FB
down 51 cents at
20.28… volume
46.2 million shares…
The
Market Forecast green line
is pointed down moving out of the
upper zone.
Technical
Commentary:
The
broad market moved lower on
Tuesday following negative comments on fiscal policy by a nonvoting
Fed member…the SPX, NDX 100
and RUT each
declined by more than one
percent...with 82 of the NDX 100 moving lower…
The
SPY closed below its 144.39 support, the ES at
its 1,438 support area and
NQ at
its 2,802 support area.
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.
144.39, 143.09 = SPY
1,438.75, 1,421.50 = ES
2,802.50, 2,775, 2,750 = NQ
Setups:
Bull Flag: SPY, IWM, XLF, FAS, BAC, C, JPM, WFC, GS, MS, STI, ZION, A, ANR, ATI, CLF, CMG, CRM, FCX, IBM, INFA, JDSU, LVS, MCP, SINA, SLB, SOHU, TBT, TIF, UAL, BTU, WLT, JRCC, ACI, CA, CTSH, FFIV, NUAN, PNRA, QCOM, SHLD, FB, F, LNKD, GRMN, Z, PHM, VMW, EXPE, GOLD, VRTX, PCLN, NTAP, INFY, FISV
Pennant: WYNN
Breakout: GLW, YELP, RCL, SWI, V, ADP, CERN, KFT, SBUX, STX, WFM; Monday: CHRW, XRAY, LIFE, ISRG, SWK, ESRX
AT Support: ESI, ICE, JNPR, TSLA, URE, VECO, EA, EBAY, FOSL, GMCR, ORCL, MSFT, CRUS, CIEN, KORS, AVGOGap Down: Tuesday: CAT
Bounce: NTES, RVBD, VRSN
18
of 100 NDX stocks closed higher on Tuesday…
Leading
NDX 100 stocks included: RIMM, CHKP,
AMGN, VRSN, ALXN, CHRW, CERN, STX, XRAY, DTV
Lagging
NDX stocks included: GMCR, EA, AVGO,
NFLX, SPLS, VRTX, APOL, ATVI, FOSL, BRCM
Leading
stocks >
+2% on
Tuesday included: FAZ
Lagging
stocks <
-2.0% included:
TSLA, ESI, GRPN, DECK, CREE, MCP,ANR, CLF, INFA, FAS, ATI, CRUS, MOS,
CROX, GES, JDSU, CIEN, ZION, AKS, LDK, STI, CMG, COH, URE, TIF, ANF,
GS, X, FB, GWL, SWK, FCX, LNKD, JNPR, F, SINA, SWKS, TPX, SOHU, SLB,
DLR, TBT
Stocks
to Watch on Wednesday…
Holding
Above 30 DMA = 34
TIF,
GS, RVBD, SWI, C, FAS, FCX, JDSU, STI, RCL, BAC, CDE, CRM SINA, SOHU,
F, ZION, LVS, LNKD, HUM, GLW, UAL, DE, DHR, IBM, SWK, VMW, V, FB,
ZAGG, A, CHL, GRPN, NTES
Moving
Above 30 DMA =1
TLT
Moving
Below 30 DMA = 10
ANR,
ATI, CLF, ESI, ICE, INFA, MOS, SLB, TBT, TSLA
Staying
Below 30 DMA
ANF,
CREE, CRUS, JNPR, MCP, URE, COH, CROX, NKE, TPX, VECO, CSTR,
DECK, HLF, UCO, AKS, DLR, SMH, SWKS, X, WDC, CIEN, TSL, GES, FAZ, LDK
Fifteen
Week Intermediate Term Market Trend: Up
Short
Term Market Trend: Down
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