Only one sector moved higher on Tuesday… XLU, XLP, and XLI were the strongest sectors.
Breadth strengthened on Tuesday as advancers led decliners …1.20 to 1 on the NYSE and weakened 1.25 to 1 on the NASDAQ…
SPY down .72 at 140.33...volume 128.6 million shares…
VIX up .42 at 15920…
TNX down .19 at 16.45…
TNX down .19 at 16.45…
TLT up .49 cents at 125.29…
XLF down .14 cents at 15.64…volume 49.8 million shares
XLF down .14 cents at 15.64…volume 49.8 million shares
AAPL down 4.75 at 584.78…volume 19
million shares …
FB up .21 cents at`26.15…on volume of 85.7
million shares…
__________________
Technical
Commentary:
The SPY continued
to hold just below its dma. Vix moved up
and did confirm the SPY moving down.
The ES closed at 1,397.50 price level. NQ futures closed at 2,641.74.
The weight of
the evidence continues to suggest recent support is the near-term low and this bounce is
likely to continue even if it does pull back.
The Euro closed down 27 pips at 1.2943 on Tuesday.
TNX, interest rates
pulled back again and TLT, bonds moved up 49 cents. XLF
was down 14 cents to 15.64.
SPY – BO pause at 30 dma
AAPL – holds
S1, closed at 30 dma
FB – spinning top,
BO continuation
FAS – closes below
low of high day
AMZN – doji, BO
continuation
EXPE – doji, BO setup
61.24
STX – bearish engulging, support break
VIAB – potential
shooting star above DBO line
RIMM – bearish
engulfing
CRUS – spinning
top, flag
F – potential
tomestone dohi
PHM – doji, above
30 dma
SWK – bearish
engulfing
SWI – potential
tomestone doji
RAX – spinning
top, BO setup 67.18
URI – bearish
engulfing
YELP – white
candle, resistant BO
XHB – doji
XRT – white candle
holds above 30 dma
BO = breakout, DBO = diagonal breakout, CT = counter-trend, IT =
intermediate term
The Market Forecast Green Line is pointed
up above the lower reversal zone.
____________________
Chart Targets:
SPY = 141.68, 143.52 short-term resistance
ES = 1,402, 1,414 fib extension
ES = 1,402, 1,414 fib extension
EUR/USD = 1.3020 short-term
resistance
Short-term support at
1.2930, 1.2833 = Euro
1.2930, 1.2833 = Euro
139.57 = SPY
83.20 = SPXL
1,386.50 = ES
2,596 = NQ
1,386.50 = ES
2,596 = NQ
____________________
28 of 100 NDX
stocks closed higher on Tuesday…
Leading NDX 100 stocks included: MNST,
KRFT, ESRX, GOOG, APOL, NFLX, GMCR, SRCL, EA, YHOO, BMC, ORCL, NUAN, MYL, WYNN,
VIAB, VRSN
Lagging NDX stocks included: RIMM, STX, AKAM, CTXS, DLTR, SIRI, FLEX, GOLD, SHLD, DELL, ISRG, SYMC, WCRX, CHKP, SBUX, SNDK
Leading stocks > +2% on Tuesday included: CROX, GLW, YELP, LVS, LDK, GRPN, CREE, DECK, ESI, SOHU, FAZ
Lagging stocks < -2.0% included: TSL, CDE, ZION, CMG, WDC, HUM, HLF, MCP, CRM, FAS GES, ANR, CLF, GS
Stocks to
Watch on Wednesday…
Holding Above 30 DMA
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM HSIC, GILD, SPLS, NTAP, CSCO, EXPE, GMCR, VMED, ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, XLNX, TXN, AMGN, BIIB, CELG, DLTR, EBAY, LIFE, SIAL, AMZN, BBBY, FISV, ADSK, ALTR, AVGO, CHRW, DELL, FFIV, MAT, MRVL, MU, ORCL, BRCM INFY, SRCL
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM HSIC, GILD, SPLS, NTAP, CSCO, EXPE, GMCR, VMED, ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, XLNX, TXN, AMGN, BIIB, CELG, DLTR, EBAY, LIFE, SIAL, AMZN, BBBY, FISV, ADSK, ALTR, AVGO, CHRW, DELL, FFIV, MAT, MRVL, MU, ORCL, BRCM INFY, SRCL
Moving Above
30 DMA = 5
AAPL, BMC, COST, MNST, KRFT
Moving Below 30 DMA = 6
ADBE, CMCSA, GRMN, ISRG,
LRCS, SYMC
Staying Below 30 DMA
FOSL, NWSA, PAYX, WFM, WYNN,
SIRI, LINTA, KLAC, SHLD, FLEX, STX, MSFT, INTU, AMAT, NVDA, MCHP, SNDK, AKAM, PNRA,
GOLD, INTC, ADP, FAST, BIDU, CTSH, IAB, GOOG, ESRS, VRXN, ALXN, MNST, APOL,
VRTX, WCRX, BMC, VOD, DTV, NUAN, AAPL, CA, CTXS, ROST
Fourteen Week
Intermediate Term Market Trend: Neutral
Short Term
Market Trend: Up
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