AAPL Gains as Stocks Fade....Following Cyprus Bailout...

All nine sectors moved lower on Monday…XLP, XLY and XLU were the strongest sectors …XLI was the weakest sector…. 

Breadth weakened…decliners led advancers…1.45 to 1 on the NYSE and 1.08 to 1 on the NASDAQ…

Monday – weakened, decliners led

Friday – strengthened, advancers led

Thursday – weakened, decliners led

Wednesday – strengthened, advancers led

Tuesday – strengthened, decliners led

SPY down .65 at 154.95...volume 151.3 million shares…

VIX up .17 at 13.74…
TNX down .17 at 19.15…

TLT down .11 at 117.22…
XLF up 4 cents at 18.09 volume 49.5 million shares

AAPL up 1.67 at 463..58…volume 17.8 million shares…

FB down 60 cents at`25.13…volume 39.1 million shares…

Technical Commentary:

IWM + 0.06% led QQQ -0.36%, SPY -0.42% and DIA -0.48% which moved lower on Monday. 

AAPL +1.67 closed above its 30 dma for the sixth straight day and formed a shooting star candle.  FB  -60 cents moved lower for the fourth straight day and closed below its Fib 50% retracement level from its Nov 12 low… is still a setup for a potential C Pattern Entry after a support bounce. 

The Euro was down 141 pips and closed at 1.2847 on Monday.  A new bailout agreement was announced. 

Trade what you see on the chart of your position. The trend is up and traders should lock in profits when targets are reached. As always look for re-entry according to your rules.

The SPY moved lower as TNX was unchanged and TLT Bonds moved down slightly.

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

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Setups

Breakout:  FL, NTES, SLM, AL, ANR, ADM

Diagonal Breakout: ADM, CBOE, CLB, MGM, BTU, HLF, GNC

Bull Flag: TXN,  IBM, P, CHK, MWV, MOS, CBG, HES, CNW, CRR, CBS, PTEN, CIE, AOL, NAV, AVGO, INTU, VIAB,  WDC, MBI, CIEN, ZION,  ZNGA, DWA, VMW, NFLX, URI, PMCS, MON, FTNT, PLCM,

Potential Bullish Divergence: CCL, MCP, FB, SLB, CCL, IPI

Bear Flag: DDD, SINA, CCL, TFM, DSW, QCOM, ULTA, MJN, HSP

Break of Support:  WLT, KORS, JOY, A, GRMN, AGU, FB, HRS, IPI, AKAM

Moves

Highlights: NFLX, NTES, TPX, CREE, SSYS, ANGI, Z, BBRY

Gap Up:  APOL, NKE, MU, AWAY, WSM, WAG

Gap Down: TIBX, TECD, ARG, ORCL, GES, DE, CAH, FDS

Breakout: AMGN, CMCSA, FAST, BBRY, NUAN, DECK, SPWR, Z, TPX, COG, TEX, CORN, UNG, MTW,  MDRX, WPO,  SNDK, PBI, PRGO, STRZA, SHLD, TRIP

 

Bounce: ANGI, NVR, ABC, GILD, CRM, CSTR, VECO, HRB, LNKD, CMP, SPLK, AOL, OGE, ILMN, YHOO, DISH, DISCA, DLTR, GOOG, ICE, LBTYA, MAT, SBUX,  VRTX, ILMN, URI, BBRY, FTI, CHTR, ALXN, XRX, MSFT, AVP,

MACD Divergence Bounce:  WLT, CCL, RHT, SINA, ROST, EBAY

Bear Flag: EBAY, WLT, GTI, DKS, JCP, CPRT, DDS, RAX, BTU, CTL

Support Break: EXPD, CTSH, RCL, JDSU, JRCC, KLAC, CLF, FFIV

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27 of 100 NDX stocks closed higher and one was unchanged on Monday…

Leading NDX 100 stocks included:  DELL, VOD, CMCSA, VRTX, CHRW, STRZA, DTV

Lagging NDX stocks included:  EBAY, CHKP, ADSK, EXPD, FB, ORCL, FAST, MYLL, GOLD, WFM, MU, LBTYA

Leading stocks> +2% on Monday included: VECO, GRPN, CLF, TSLA, V, AKS, CIEN

Lagging stocks < -2.0% included:  TSL, BBRY, VMW, LDK, ZAGG, LNKD, SSYS, CROX

Stocks to Watch on Tuesday…

Holding Above 30 DMA = 61
VMED, DELL, NWSA, SNDK, STRZA, ADP, SYMC,GILD, HSIC, CERN, GOOG, ORLY, BIIB, MAT, PAYX, PRGO, YHOO, DLTR, ESRX, AMGN, DISCA, MU, SBAC, ADBE, CELG, FISV, INTU, LBTYA, MDLZ, MSFT, SRCL, VRSK, VRTX, REGN, VIAB, ADSK, SBUX, BMC, CA, PCAR, VOD, ALXN, AVGO, BBBY, XLNX, XRAY, SHLD, DTV, LIFE, STX, SPLS,  WYNN, AAPL, COST, LINTA, CMCSA, NUAN, GOLD, ROST, ATVI, CHRW, TXN

Moving Above 30 DMA = 0

                                                                           

Moving Below 30 DMA = 5

BRCM, FAST, INTC, SIAL, WFM                                                                                                                                                                                                      

Staying Below 30 DMA

MNST, MYL, CSCO, MCHP, MXIM, NVDA, ORCL, XRAY, ADI, WDC, CTSH, CTXS, EXPE, FOSL, PCLN, ALTR, AMAT, LLTC, QCOM, AMZN, SIRI, CTRX, EQIX, CHKP, KLAC, ISRG, EBAY, FFIV, NTAP, GRMN, WFM, EXPD, AKAM, BIDU, FB

Ten Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral