Euro, Financials Rise...SPY New High Close...AAPL, FB Retreat...

Six of nine sectors moved higher on Tuesday… XLF, XLI and XLU were the strongest sectors….   XLK was the weakest sector. 

Breadth strengthened as advancers led decliners…1.89 to 1 on the NYSE and 1.60 to 1 on the NASDAQ…

Tuesday – strengthened, advancers led

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – weakened, advancers led

SPY up 25 cents at 152.02...volume 65.3 million shares…

VIX down .30 at 12.64…
TNX up .36 at 19.82…

TLT down 29 cents at 116.74…
XLF up 13 cents at 17.81…volume 55.4 million shares

AAPL down -12.03 at 467.90…volume 21.7 million shares…i

FB down 89 cents at`28.26…on volume of 93.4 million shares following analyst downgrade…

Look for stocks that have reported good earnings and are in an uptrend. 

Earnings Commentary:

With earnings season winding down notable movers have included:

Positive – ATVI, AOL, HUM, CMG, ZNGA, NTES, ORLY, TSO, TWX, HAS, LNKD, MCHP, OPEN, PM, ZION, AMZN, BA, CTXS, EA, JDSU, QCOM, SWKS, AET, MO, CTRP, UA, VIAB, WHR, MAT, PRGO, GE, SLB, STT, GOOG, NFLX, EBAY, GS, CREE, TPX, MJN, FFIV, TSCO, DV, PTEN, CBG, TW, CNW, AAP, ESI, RL

Negative – MCO, BIDU, RCL, SWI, CME, AKAM, CSTR, NUAN, RVBD, BMC, VMW, STX, BRCM, BTU, PHM, MRK, AAPL

Technical Commentary:

The SPY gained 25 cents making another New High Close.  SPY +0.16%, IWM +0.44%, DIA +0.38%, continued to move higher while QQQ -0.41% was down on weakness in AAPL.

AAPL shares moved down -12.03 moving below Monday's low after hitting the 50% gap level on Monday moving back towards its consolidation/basing pattern.    FB moved down 89 cents following an analyst downgrade on Monday.

The Euro closed up 49 pips to close at 1.3453 still in a higher low, bull flag pattern.  Over the past week the Euro pulled back into a bull flag pattern.  The SPY continued to rise without the support of the Euro.  A rising Euro with rising interest rates, falling bonds and rising financial stocks can help lift the SPY towards its chart targets of 154.04 and 158.83.

Trade what you see on the chart of your position. Stay with the uptrend according to your rules.  If the stock begins to rollover protect your profits then look potential re-entry according to your rules.

Disk storage stocks WDC -0.86% and STX -1.06% moved lower.

Coal stocks BTU, WLT, ACI, JRCC and ANR where higher while CNX was lower on Tuesday.  Solar stocks FSLR, SPWR, TSL and LDK were sizzling.

The Market Forecast Green Line is in the upper reversal zone. 

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Setups

Breakout: PM, FIVE, SHLD, MJN, RSH, MGM, GES, AVX, BPOP, MBI

Diagonal Breakout:  SWK, BBRY, LSI, CLF, NUS, GME, LVS, COST, CTSH,

Bull Flag: NTES, JNPR, FFIV, CHK, XRX, QCOM, WMS, PMCS, CRR, VIAB, MOS, LIFE, AGO, WYN, SINA, DNDN, QCOM, NLFX, ZNGA, CNW, AAP,

Gap Up:

Gap Down:

Moves

Highlights: CTXS, WHR, TPX, NFLX, SWKS

Gap Up:  AVP, MAS, KORS, AIZ

Gap Down: LVLT, DNB, VAL, KOS

Breakout: C, TEX, ZION, PRGO, STRZA, DECK, ATI, STI, GS, JDSU

 

Bounce:  CTXS, SWK, AKAM, ESI, CRM, TIF, RCL, FTNT, SPWR, AOL, CSTR, DE, MTW, MON, LNKD, ATVI, MCHP, MCO, ADI, HES, FAST, CERN, RS, CLB, ATML, ORLY, PTEN, CBG, TW, RL, PBI, GCI, PCLN, RMD, TSCO, CPA

Support Break:  SBAC

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51 of 100 NDX stocks closed higher on Tuesday and two were unchanged…

Leading NDX 100 stocks included:  AKAM, FOSL, CTXS, YHOO, STRZA, SIRI, CHKP, CTRX, BRCM, ALTR

Lagging NDX stocks included:  FB, NUAN, AAPL, ALXN, QCOM, DLTR, EQIX, SBAC, MNST, CSCO

Leading stocks> +2% on Tuesday included: LDK, PHM, FSLR, TSL, BAC, C, FAS, ANR, SWK

Lagging stocks < -2.0% included:  SSYS, UAL

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 71
SBUX, CSCO, VMED, EXPD, LLTC, PCAR, XLNX, TXN, ADI, ADSK, DELL, FFIV, NWSA, DISCA, AMAT, FOSL, KLAC, VIAB, STX, WDC, CHKP, FAST, MCHP,SNDK, STRZA, SIRI, ADP, EBAY, EXPE, LINTA, MU, SRCL, SYMC, WYNN, CA, CELG, GILD, HSIC, LIFE, PCLN, MDLZ, ROST, SPLS, AVGO, ATVI, SHLD, MSFT, MYL, NTAP, MXIM, CERN, WFM, XRAY, VOD, ISRG, GOOG, ORLY, BBBY, BIIB, MAT, PAYX, CTXS, QCOM, ADBE, PRGO, YHOO, LBTYA, ALTR, DLTR, NVDA, ORCL

Moving Above 30 DMA = 2                                  

CMCSA, CTRX

Moving Below 30 DMA = 6

COST, CTSH, DTV, ESRX, EQIX, VRSK

Staying Below 30 DMA

AMGN, SIAL, VRTX, NUAN, AKAM, GOLD, INTU, AMZN, BMC, CHRW, BIDU, ALXN, FISV, INTC, FB, SBAC, BRCM, REGN, GRMN, MNST, AAPL

Twelve Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up