Stocks, Euro, Financials Rise, Bonds Fall on Election Day...

All nine sectors moved higher on Tuesday…XLE, XLF and XLI were the strongest sectors.

Breadth strengthened on Tuesday as advancers led decliners…2.44 to 1 on the NYSE and 1.86 to 1 on the NASDAQ…

SPY up +1.11 at 142.96...volume 106.7 million shares

VIX -0.84 at 17.58…
TNX +0.58 at 17.42…

TLT down -1.16 at 121.79…
XLF up 18 cents at 16.15…volume 40.1 million shares

AAPL down -1.77 at 582.85…volume 13.4 million shares …

FB down 8 cents at`21.17…volume 29 million shares…

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Technical Commentary:
The Euro rose 18 pips and closed above its six-week support of 1.2800. Eight week support is at 1.2750.  TNX, interest rates rose and TLT, bonds fell.

XLF was up 18 cents.

The SPY was up $1.11 , as the uncertainty of the election outcome is about to dissipate, closing at 142.96 bouncing above its 141 support level.  The VIX moved lower and did confirm the SPY move up.

ES rises and bounces above its 1,400 support level.  NQ also bounced and is still showing a confirmed MACD histogram bullish divergence.

The Market Forecast Green Line is pointed up above its lower reversal zone.

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Chart Targets:

SPY = 146.52 channel high, 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
1.2800, 1.2750 = Euro

141, 139.40 = SPY

82.19, 81.04 = SPXL
1,400, 1,390 = ES
2,626, 2,604 = NQ

 

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78 OF 100 NDX stock closed higher on Tuesday…

Leading NDX 100 stocks included: STX, APOL, MU, EA, GOLD, AMAT, FFIV, AVGO, SHLD, CERN

Lagging NDX stocks included: ESRX, FOSL, NFLX, DLTR, ROST, CMCSA, SIRI, BRCM, VRTX, INTC

Leading stocks > +2% on Tuesday included: LDK, ESI, AKS, UCO, DECK, CMG, X, WDC, VMW, ATI, FAS, C, NTES, ANR, INFA, CLF, DLR, GRPN, FCX, CSTR, CRUS, STI, MOS

Lagging stocks < -2.0% included: CDE, CROX, FAZ, LNKD

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 46
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, AKAM, AVGO, EBAY, GMCR, INTU, KLAC, LLTC, MSFT, XRAY, EA, PCLN, SBUX, AMAT, MU, NVDA, ORCL, SNDK, SPLS, WFM, XLNX

Moving Above 30 DMA = 11

ADSK, ATVI, COST, FLEX, GOLD, HSIC, LIFE, MCHP, PAYX, PNRA, STX

Moving Below 30 DMA = 1
FOSL

Staying Below 30 DMA

ADP, FAST, INTC, BIDU, GILD, EXPD, CTSH, NWSA, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, BIIB, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, AMZN, BMC, FFIV, GRMN, VOD, WCRX, DLTR, DTV, NUAN, QCOM, AAPL, BRCM, CA, NTAP, CTXS, SYMC, CSCO, ALTR, BBBY, KLAC, ROST, DELL, MRVL, KRFT

Twelve Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up