SPY Breakout as Interest Rates, XLF Rise, AAPL Bounce, FB in NDX on Wednesday...

All nine sectors moved higher on Tuesday… XLK, XLV, and XLB were the strongest sectors.  FB will be added to the NDX before the open on Wednesday replacing INFY.

Breadth strengthened on Tuesday as advancers led decliners …2.10 to 1 on the NYSE and 2.47 to 1 on the NASDAQ…

SPY up 97 cents at 143.44...volume 152.4 million shares…

VIX -0.48 at 15.57…
TNX up 0.33 at 16.49…

TLT down 95 cents at 124.03…
XLF up 8 cents at 16.07…volume 47.7 million shares

AAPL up 11.56 at 541.38…volume 21.1 million shares …

FB up 14 cents at`27.98…on volume of 77.1 million shares…

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Technical Commentary:

The SPY formed a potential shooting star after breaking above horizontal resistance.  The VIX closed lower and did confirm the SPY move up today.

The ES closed up 11.25 at 1,431.50 as the ES broke through short-term resistance…NQ futures closed up 34.50 at 2,686.75 as AAPL bounced above support again.

Coal stocks ANR, WLT, JRCC, ACI, BTU, CNX, paused on Tuesday.

The weight of the evidence continues to suggest the Nov 16 low is likely to hold and the SPY did breakout following the DIA which continued higher.

The Euro closed up 65 pips at 1.3005 on Tuesday staying above its 30 DMA.

TNX, interest rates rose and TLT, bonds moved down 95 cents.  XLF moved up 8 cents to 16.07.

SPY – white potential shooting star, breakout, target 145.47

AAPL – inverted hammer, higher close, below 30 DMA

FB – spinning top, bull flag, BO target 29.63

FAS – spinning top

AMZN – bullish harami, bull flag

EXPE – gap up white candle, bull flag

STX – spinning top, BO target 29.98

VIAB – spinning top BO continuation

RIMM – white candle BO

CRUS – white candle bounce, MACD histogram bullish divergence

F – spinning top, bull flag bounce

PHM – doji, symmetrical triangle below 30 DMA

SWK – doji in bull flag bounce above 30 DMA

SWI – spinning top, bull flag bounce

RAX – spinning top, bull flag bounce above 30 DMA

URI – potential shooting star, BO set up

YELP – spinning top, bull flag bounce close above 30 DMA

XHB – black candle, DBO setup, below 30 DMA

XRT – spinning top above 30 DMA

BO = breakout, DBO = diagonal breakout, CT = counter-trend, IT = intermediate term, ST = short term

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

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Chart Targets:

SPY = 145.47 S&R measurement
ES = 1,440, 1,451.25…short-term resistance

EUR/USD = 1.3126 short-term resistance

Short-term support at
1.2878 = Euro

140.69 = SPY

83.20 = SPXL
1,419, 1,396 = ES
2,626 = NQ

Moves:

Bounce:  CRM, MCP, AKAM, FFIV, PCAR, CTSH, VMW, EXPD, TIBX, SWK, PAY, ACI, TER, IBM, CMG, ADSK

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82 of 100 NDX stocks closed higher and one unchanged on Tuesday…

Leading NDX 100 stocks included: RIMM, CTXS, FLEX, TXN, EXPE, VRTX, MNST, FOSL, ALTR, SPLS

Lagging NDX stocks included:  DLTR, GOLD, SHLD, ROST, LINTA, COST, MYL, ADBE, PCLN, SIRI

Leading stocks > +2% on Tuesday included:  TSL, CRUS, MCP, SINA, CRM, VECO, UAL, CROX, GRPN, CLF, CREE, A, AKS, ZION, JDSU, SOHU, MOS, X, YELP, SWKS, NTES, LVS, CDE, TSLA, ATI

Lagging stocks < -2.0% included: CIEN

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 78
YHOO, MYL, ORLY, CERN, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, FB,  NTAP, CSCO, EXPE, GMCR, VMED, ATVI, EA, EXPD, LLTC, MXIM, PCAR, TXN,  XLNX, AMGN, BIIB, CELG, EBAY, LIFE, SIAL, AMZN, FISV, ADSK, AVGO, DELL, FFIV, MAT, MRVL, MU, ORCL, BRCM, SRCL, COST, MNST, ADBE, CMCSA, GOOG, GRMN, NWSA, SYMC, WYNN, AMAT, CTSH, PAYX, ADP, APOL, FOSL, INTU, KLAC, NFLX, VIAB, FLEX, NUAN, STX, AKAM, ALTR, BMC, CHKP, DTV, FAST, MCHP, SNDK, VOD, CTXS, ALXN, CHRW, LRCX, MDLZ, NVDA

Moving Above 30 DMA = 7

BBBY, ESRX, EXPE, INTC, ISRG, SPLS, WFM

Moving Below 30 DMA = 0

Staying Below 30 DMA

PCLN, DLTR, SIRI, AAPL, WCRX, LINTA, SHLD, GOLD, MSFT, BIDU, PRGO, VRSN, VRTX, CA, ROST

Fourteen Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up