Euro, SPY, XLF, GOOG and AAPL Continue to Consolidate Sideways ...

Six sectors of nine moved higher on Tuesday…XLU, XLV and XLF were the strongest sectors. 

Breadth weakened on Tuesday as advancers led decliners 1.14 to 1 on the NYSE and 1.06 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ

Advancers    1,586      1,259
Decliners      1,389      1,187

SPY up 16 cents at 144.50...volume 113.4 million shares

VIX down 61 cents at 15.71…

TNX down 10 cents at 16.15…
TLT down 17cents at 124.25…
XLF up 3 cents at 15.69…

AAPL up 1.92 at 661.31…volume 22.4 million shares …

FB up 28 cents at 22.26… volume 29.3 million shares…

The Market Forecast green line is pointed down out of the upper zone.

Technical Commentary: The Euro rose and then settled back for the fourth day in a row.  The SPY was up but finished slightly lower than its open on lower volume.  TNX, TLT and the VIX were slightly lower on the day.  Markets appear prepared to continue to consolidate sideways before Friday’s Unemployment Report.

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

Short-term support at
143.09, 142.33 = SPY
1,424, 1,417.50 = ES
2,775, 2,762.25, 2,750 = NQ

Setups:

Bull Flag: IWM, XLF, BAC, C, WFC, MS, STI, ZION, ANR, CLF, CMG, MCP, SOHU, TBT, BTU, WLT, JRCC, ACI, QCOM, SHLD, PHM, EXPE, PCLN, JDSU, SINA, VMW, FCX, LNKD, IBM, DHR

At Support: APKT, SBUX, BRCM, ATI, CIEN, UAL, F, SWI, XLNX, MCHP, EA, NTAP, ICE, SOHU, AKS, GES, ATVI, CREE, TPX, MXIM, INTC, SLB, WDC, ATVI, EXPD, BIDU, CTXS, Z, INFA, SIAL

Gap Up: ILMN

Resistance BO:  CTSH, CDE, GRMN, LVS, WYNN, CTSH, DE, DHR, HUM, UCO, V, FAST, LIFE, MNST, MXIM, ORLY, ALXN, FAST, PNRA, ORCL, FISV, V

Bounce: AMGN, FFIV, COO, TIF, CRM, FAS, SWK, GS, FB, INFY, ALXN, CERN, NUAN, A, SRCL, ROST, BMC

58 of 100 NDX stocks closed higher on Tuesday…

Leading NDX 100 stocks included:  RIMM, SNDK, GMCR, GILD, EA, FFIV, CELG, SIRI, LRCX, AMGN, VRTX, BMC, LLTC, MCHP

Lagging NDX stocks included: EXPD, GOLD, SBUX, NTAP, DLTR, SPLS, PCLN, BBBY, WCRX, COST, CHRW, WYNN

Leading stocks > +2% on Monday included: HLF, COH, RVBD, TSLA

Lagging stocks < -2.0% included: ZAGG, CMG, MOS, ATI, ANF, CDE, ANR, JDSU

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 30

GS, RVBD, C, FAS, FCX, RCL, STI, BAC, CDE, SINA, ZION, LVS, LNKD, HUM, GLW, DE, DHR, IBM, SWK, V, FB, A CHL, GRPN, NTES, TLT, CRM, UAL, ZAGG, HLF

Moving Above 30 DMA = 4

TIF, TSL, TSLA, VMW

Moving Below 30 DMA = 3

ATI, CMG, F

Staying Below 30 DMA

INFA, JDSU, SOHU, CLF, MCP, SWI, ANR, ESI, ICE, MOS, SLB, TBT, ANF, CREE, CRUS, JNPR, URE, COH, CROX, NKE, TPX, VECO, CSTR, DECK, UCO, AKS, DLR, SMH, SWKS, X, WDC, CIEN, GES, FAZ, LDK

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral