Futures Point to a Flat Open...More Stocks Up Than Down...

BMO – ES -1.25 and NQ +1.00 futures are mixed about 15 minutes before the open in pre-market trading and point to a flat open…More stocks are trading up than down in pre-market trading...Is Tuesday like January 28, another one day sell off?

TLT is up 21 cents and the Euro is up 62 pips in premarket trading and is still above old horizontal resistance, now new support in the 1.3450 area…

HLF +4.90, +7.02% is gapping up in pre-market trading following earnings…VRTX +5.78, +15.12% after Phase 3 drug results…

NDX leaders AAPL, AMZN, BIDU, GOOG and PCLN are higher in pre-market trading…NFLX is lower…

Dave’s Insight for Wednesday: The trend is still up, even after Tuesday’s sell off.  If you exited trades last week or on Tuesday according to your rules you should now look for re-entry according to your rules.  Look for the next setup…

SPX

Resistance: 1,321, 1,330, 1,338

Support: 1,311, 1,300, 1,281

Quoting Down – NFLX, GRMN, DLTR, ICE, AGU, VMW, V, FWLT, NYX, CELG, CTSH, SHLD, ROST, NTAP

Quoting Up – HLF, VRTX,  PCLN, DTV, NETL, CMG, MCP, CLF, WLT, RVBD, SLW, DE, SINA, CF, CAT, UCO, XL, VECO, TSL, SNDK, URE, AKS, SLB, CSTR, CREE, PCX, CIEN, AAPL, MICC, BIDU, SNDK, ESRX, RIMM, AMZN, MCHP, INFY, GILD, PAYX, MAT, APOL, ALTR, ADVE, WYNN

Futures Point to a Lower Open...

BMO – ES -15.75 and NQ -35.75 futures are lower about 60 minutes before the open in pre-market trading and point to a lower open…

TLT is up 66 cents and the Euro is up 2 pips in premarket trading and is still above old horizontal resistance, now new support in the 1.3450 area…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and PCLN are lower in pre-market trading…

Dave’s Insight for Tuesday: Take exits and enter bearish trades only according to your rules. Watch Tuesday’s open to see if U.S. traders trade the downside following the Asian and European moves down or if they fade the selloff and buy.

SPX
Resistance: 1,338, 1,345, 1,352
Support: 1,330, 1,321, 1,311

Quoting Down – GOOG, AAPL, NFLX, PCLN, BIDU, FFIV, FSLR, WYNN, CMG, POT, SINA, CRM, WLT, VMW, MOS, RVBD, GS, CLF, LVS, FAS, V, FCX, FDX, AGU, CAT, CF, X, CREE, SOHU, CHL, WHR, A, DE, JDSU, PNC, CSTR, CRUS, UAL, ARUN, BA, MHS, STI, SWKS, DOW, UNP, NVDA, DECK, VECO, IPI, JNPR, SMH, CIEN, TBT, AKS , LCC, HLF, TIF, CTXS, AMZN, NTAP, SNDK, JOYG, ADBE, RIMM, ADSK, QCOM, BRCM, VOD, SBUX, MICC, AKAM, CTRP, MRVL

Quoting Up – MCP, HUM, GMCR, SLW, TSL UCO, SWN, TLT, FAZ

Dave and Tom had a great show in NY last night speaking to a packed house of over 700 traders with standing room only. Dave will be traveling home this evening...

INDU Leads on Strength of CAT, TRV...

The SPX formed a spinning top and another new high close, up +2.58 at 1,343.01 on Friday. As I stated in the Weekly Wrap and in Friday morning’s post be prepared for a potential pull back. With February expiration behind us, the index grinding barely higher and key NASDAQ rolling over the indexes are more exposed to a potential pull back.


SPX spinning top, new high close
INDU white candle, new high close
COMPQ doji, new high close
RUT potential hanging man, new high close


Breadth weakened on Friday as advancers led decliners 1.35 to 1 on the NYSE and 1.05 to 1 on the NASDAQ …


Exchange     NYSE     NASDAQ
Advancers    1,736       1,360
Decliners      1,277       1,288


Index     Chg.     Close     Direction     Confirmation
VIX        -0.16      16.43        Down           Yes – SPX
SOX      -1.76    471.46        Up                Yes – COMPQ


The broad indexes rose on Friday each making a new high close except the NDX which closed lower for the second straight day as AAPL, AMZN, BIDU, NFLX and PCLN closed lower.


Positives – INDU, VIX, GOOG, TNX, Bonds, Euro


Negatives – NDX, AAPL, AMZN, BIDU, PCLN, breadth weakened


Interest rates closed higher on Friday and bond ETF TLT was down 28 cents. The Euro rose 84 pips to 1.3691 at 5 pm ET.


Seven of nine sectors rose on Friday with Consumer Discretionary XLY +0.53% and Energy XLE +0.42% leading all sectors. Materials XLB -1.11% was the weakest sector.


Flag Bounce – NDAQ, XL, GLW


Setups
Bull Flag – NFLX, SINA, JDSU, CIEN, DE, ZION, WFC, SWKS, AAPL, AMZN, BIDU, PCLN, CLF, LULU, RVBD, CMG, OPEN, ARMH


Breakout – SLW, SMH, FWLT, NVDA, CRUS, AKS, ATI, BAC, GLW, JNPR, LDK


SPX

Resistance: 1,338, 1,345, 1,352

Support: 1,330, 1,321, 1,311

The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL -7.74 – large black candle moves to horizontal support

AMZN -1.26 – potential bullish harami in flag pattern below horizontal resistance

NFLX -0.12 – hammer day four bull flag

QCOM +0.19 – white spinning top, new high close

GOOG +4.82 – white candle bull flag support bounce

BIDU -1.74 – red candle day five in bull flag

NDX 100 stocks stronger than the NDX include INTU, APOL, BBBY, CHKP, MXIM, QGEN, LRCX, ORCL, JOYG, CMCSA, NWSA, SBUX, XRAY, SRCL and LIFE.

Stocks weaker than the NDX include NTAP, AKAM, NIHD, AAPL, VRTX, FFIV, CTRP, WCRX, FSLR, PCLN, BIDU, GRMN, MAT, MYL and CA.

Stocks to Watch on Tuesday
Holding Above 30 DMA
NDAQ, SMH, VLO, FWLT, CLF, JDSU, CRUS, DE, FAS, GLW, JEC,  ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM,  SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, DHR, IPI, LXK, PNC, V, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, GES, RVBD, SLW, VECO, UNP, AKS, CRM, ESI, FDX, SNDK, X, LVS, A, MHS, NVDA, CSTR, HAS, HLF

Moving Above 30 DMA = 1

GS

Moving Below 30 DMA = 6

CF, PCX, SINA, SKX, WLT, ZION

Staying Below 30 DMA

VMW, MCP, SWN, AIV, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, FAZ

Intermediate Term Market Trend: Up
Short Term Market Trend: Up


Making 2011 the best year ever!
Week 7 is done. Just 45 weeks left to go as we move towards our objective to make 2011our best year ever. How did you do?


Again evaluate your trades for the week. Did you buy, hold and sell where you were supposed to according to your rules?


Give yourself an A+ or 10 for each trade that you did follow your rules.


How is your portfolio doing YTD compared with the following indexes? If you outperformed the SOX give yourself an A+, the INDU, NDX or SPX give yourself an A.

            Week 7    YTD
SPX     1.04%      6.79%
NDX     0.56%     7.87%
SOX     1.87%   14.48%
INDU    0.96%     7.03%


Take your annual goal that you sent in to Chart Signals and divide that goal by 52 weeks and multiply by 7. How does your week 7 results compare to your goal? If you are at the goal or higher give yourself and A+.

Futures Point to a Higher Open on Expiration Friday...

BMO – ES +1.00 and NQ +3.50 futures are higher about 20 minutes before the open in pre-market trading and point to a flat to higher open…

TLT is down 30 cents and the Euro is up 18 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area…

ARUN gaps up following earnings…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and PCLN are higher in pre-market trading…

Dave’s Insight for Friday: Follow your rules.  Trade with the trend but be prepared for a pull back when it occurs.  Keep in mind that today is the last trading day heading into a three day weekend.  Options expiration is today.  Today is the end of week 7.  After the close evaluate your performance in relation to your 2011 goal. 

On Monday the markets are closed for Washington’s Birthday commonly referred to as President’s Day.

SPX

Resistance: 1,338, 1,345, 1,352

Support: 1,330, 1,321, 1,311

Quoting Down – VECO, JDSU, MA, A, WLT, TLT, CIEN, GRMN, XRAY, BMC, INFY, MAT, DTV, ORLY

Quoting Up – ARUN, FSLR, NFLX, AAPL, DECK, POT, CLF, CMG, CREE, GMCR, HLF, CRM, ICE, TSL, LDK, MCP, MHS, SLW, CSTR, DE, PCP, JNPR, SOHU, SWN, WHR, NTES, BA, TBT, UAL, INTU, FFIV, JOYG, PCLN, ESRX, GOOG, WYNN, ISRG, AMZN, RIMM, BIDU, VOD, BRCM, MICC

Another New High Close as SPX Hits 1,340...

The SPX formed a white candle and moved to another new high close, up +4.11 at 1,340.43 on Thursday.

SPX white candle, new high close

INDU spinning top, new high close

COMPQ white candle, new high close

RUT white candle, new high close

Breadth weakened on Thursday as advancers led decliners 1.66 to 1 on the NYSE and 1.49 to 1 on the NASDAQ …

Exchange       NYSE          NASDAQ

Advancers      1,884             1,585

Decliners        1,133             1,058

Index              Chg.     Close    Direction      Confirmation

VIX                 -0.13       16.59      Up                 Yes – SPX

SOX              +6.66     473.22      Up                 Yes – COMPQ

Leading stocks > +2% on Thursday included NVDA, DECK, CSTR, CLF, AMD, AKS, GLW, LDK, VECO, SLW, FWLT, CF, HUM

Losing stocks < -2.0% included GMCR, MCP, SWN, STI

The broad indexes rose on Thursday each making a new high close except the NDX which closed near even, but did not quite overcome AAPL moving lower.

Positives – SPX, INDU, COMPQ, RUT, SOX, VIX, Euro

Negatives – NDX, AAPL, TNX, Bonds, XLF, breadth weakened
Eight of nine sectors rose on Thursday with Energy XLE +0.99% and Materials XLB +0.90% leading all sectors for the second straight day.  Financials XLF -0.12% was the only sector moving lower.

Setups

Bull Flag – NFLX, SINA, NDAQ JDSU, CIEN, DE, ZION, WFC, XL GLW, SWKS

Breakout – VECO, SMH, FWLT, CLF, NVDA, CRUS, AKS, ATI, BAC, GLW, JNPR, LDK

SPX

Resistance: 1,338, 1,345, 1,352

Support: 1,330, 1,321, 1,311

The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL -4.83 – white spinning top day one on bull flag

AMZN +1.14 – piercing line in bull flag pull back below horizontal resistance

NFLX -2.09 – inverted hammer day three bull flag

QCOM +0.46 – white candle, new high close

GOOG +1.04 – piercing line in bull flag

BIDU -0.17 – spinning top in bull flag/pennant

NDX 100 stocks stronger than the NDX include NVDA, SHLD, GRMN, FLEX, LRCX, CTRP, ERTS, KLAC, RIMM, CA, QGEN and SYMC.

NTAP and ORLY led NDX losers after reporting earnings…

Stocks weaker than the NDX include NTAP, ORLY, FFIV, SPLS, DELL AAPL, ESRX, PCAR, AMGN, NFLX, EXPE and VOD.

Stocks to Watch on Friday
Holding Above 30 DMA
SINA, NDAQ, SMH, VLO, FWLT,CLF, JDSU, CRUS, DE, FAS, GLW, JEC,  ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM,  SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, CF, DHR, IPI, LXK, PNC, SKX, V, ZION, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, GES, RVBD, SLW, VECO, UNP, AKS, CRM, ESI, FDX, PCX, SNDK, X, LVS, A, MHS, NVDA

Moving Above 30 DMA = 4

CSTR, HAS, HLF, WLT

Moving Below 30 DMA = 2

GS, VMW

Staying Below 30 DMA

MCP, SWN, AIV, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, FAZ

Added: VLO     Removed: HOLX, MCD

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Futures Point to a Lower Open...CLF Gaps Up...

BMO – ES -2.75 and NQ -4.50 futures lower about 20 minutes before the open in pre-market trading and point to a lower open…

TLT is up 36 cents and the Euro is up 18 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area…

NDX leaders AAPL, AMZN, GOOG and NFLX are lower in pre-market trading…PCLN is higher…

Dave’s Insight for Thursday: Keep following your rules.  Options expiration is this Friday.

SPX

Resistance: 1,338

Support: 1,330, 1,321, 1,311

Quoting Down – SKX, NVDA, CMG, GS, CRM, CAT, POT, VMW, MOS, A, CAM, CHL, CRUS, FAS, SOHU, SLB, TBT, STI, AAPL, NTAP, NLFX, AMZN, FFIV, CTXS, GOOG, LIFE, KLAC

Quoting Up – CLF, MA, WLT, MCP, HLF, NTES, CSTR, JEC, DE, SWKS, SLW, TLT, CREE, LVS, JOYG, PCLN, WYNN, NIHD

SPX Makes Another New High Close...

The SPX formed a larger white candle and moved to another new high close, up +8.31 at 1,336.32 on Wednesday.

SPX white candle, new high close

INDU bullish harami, new high close

COMPQ white candle, new high close

RUT white candle, new high close

Breadth strengthened on Wednesday as advancers led decliners 3.00 to 1 on the NYSE and 1.93 to 1 on the NASDAQ …

Exchange       NYSE          NASDAQ

Advancers      2,269             1,765

Decliners           756                911

Index              Chg.    Close    Direction      Confirmation

VIX                 +0.35      16.37     Up                 No – SPX

SOX               +5.18    466.56     Up                 Yes – COMPQ

Leading stocks > +2% on Wednesday included JDSU, LDK, AMD, ARUN, NVDA, ACN, IPI, VECO, MHS, ESI, DE, NETL, A, VMW, AKS, TSL, TIE

Losing stocks < -2.0% included SINA, NYX, SOHU, UNG

Eight of nine sectors rose on Wednesday with Energy XLE +1.33% and Materials XLB +1.29% leading all sectors.

SPX

Resistance: 1,338

Support: 1,330, 1,321, 1,311

The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL +3.23 – white spinning top, new high close

AMZN -2.41 – bearish engulfing confirms shooting star

NFLX -3.06 – black spinning top barely confirms bearish harami

QCOM -0.10 – black spinning top

GOOG +0.07 – black spinning top

BIDU +0.67 – doji

NDX 100 stocks stronger than the NDX include DELL, RIMM, CMCSA, NVDA, YHOO, JOYG, DLTR, ADSK, ADBE, ERTS and CA.

Stocks weaker than the NDX include EXPE, STX, CTRP, AMGN, AMZN, NFLX, SPLS and SYMC.

Stocks to Watch on Thursday
Holding Above 30 DMA
SINA, NDAQ, SMH, FWLT,CLF, JDSU, CRUS, HOLX, DE, FAS, GLW, JEC,  ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM,  SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, CF, DHR, IPI, LXK, PNC, SKX, V, ZION, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, GES, RVBD, SLW, VECO, MCD, UNP, AKS, CRM, ESI, FDX, PCX, SNDK, X, LVS, GS

Moving Above 30 DMA = 4

A, MHS, NVDA, VMW

Moving Below 30 DMA = 0

Staying Below 30 DMA

HAS, HLF, MCP, SWN, AIV, WLT, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, CSTR, FAZ

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Futures Point to a Higher Open...

BMO – ES +3.25 and NQ +5.00 futures higher about 20 minutes before the open in pre-market trading and point to a higher open…

TLT is down 22 cents and the Euro is down 18 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and PCLN are higher in pre-market trading…

Dave’s Insight for Wednesday: Stay with the trend and look for re-entry on your stocks according to your rules.  Options expiration is this Friday.

SPX

Resistance: 1,330, 1,338

Support: 1,321, 1,311, 1,300

 

Quoting Down – SINA, SOHU, NYX, AMGN, CERN

Quoting Up – AAPL, AMZN, BIDU, GOOG, NFLX, PCLN,CLTR, RIMM, FSLR, WLT, DE, CMG, POT, MA, GS, CAT, CAM, DLR, AGU, X, CRM, AKS, GLW, PCX, NVDA, SLW, FAS, WYNN

Dave is teaching a Basic Options workshop again today and will be traveling home this evening...Best of Success in your trading today...

SPX Modest Pull Back on Tuesday as NFLX Cools Off...

The SPX formed a potential hanging man spinning top down -4.31 at 1,328.01 on Tuesday.

SPX potential hanging man

INDU black spinning top, confirms potential bearish harami

COMPQ black spinning top, closes below the low of the high day

RUT black candle, closes below the low of the high day

Breadth weakened on Tuesday as decliners led advancers 1.60 to 1 on the NYSE …

Exchange       NYSE          NASDAQ

Advancers      1,142             1,019

Decliners        1,836              

Index               Chg.    Close    Direction      Confirmation

VIX                 +0.42      16.37     Up                 Yes – SPX

SOX               -5.02     461.38     Down            Yes – COMPQ

Leading stocks > +2% on Tuesday included SLW, X, FDX, AKS

Losing stocks < -2.0% included JDSU, GMCR, CF, A, MOS, NDAQ, IPI, VECO, PCX, NYX, POT, RVBD, CIEN, UCO, ICE, AGU, SNDK, CMG, FCX, SKX, NVDA, DECK, HLF, VMW, JEC, CREE, DLR

Positives –AAPL

Negatives – SPX, COMPQ, RUT, SOX, VIX, AMZN, GOOG, NFLX, TNX, Bonds, Euro, breadth weakened, sectors weakened

Interest rates closed near unchanged on Tuesday and bond ETF TLT rose 40 cents.  The Euro rose pips to 1.3551.

Two of nine sectors rose on Tuesday with Utilities XLU +0.31% and Consumer Discretionary XLY +0.13% leading all sectors.

SPX

Resistance: 1,330, 1,338

Support: 1,321, 1,311, 1,300

The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL +0.72 – white spinning top

AMZN -1.39 – potential shooting star

NFLX -6.76 – potential bearish harami

QCOM +0.47 – white candle, new high close

GOOG -4.00 – potential bearish harami

BIDU -0.77 – hanging man close below the low of the high day

NDX 100 stocks stronger than the NDX include NFLX, MXIM, CTXS, SNDK, MU, CELG, KLAC, BIIB, FLEX, JOYG, LINTA, EXPE, AKAM, ATVI, INFY and FFIV.

Stocks weaker than the NDX: MRVL, SNDK, NFLX, ILMN, NVDA, INTU, NTAP, CA, JOYG, FFIV and ORCL.

Stocks to Watch on Wednesday
Holding Above 30 DMA
SINA, NDAQ, SMH, FWLT,CLF, JDSU, CRUS, HOLX, DE, FAS, GLW, JEC,  ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM,  SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, CF, DHR, IPI, LXK, PNC, SKX, V, ZION, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, GES, RVBD, SLW, VECO, MCD, UNP, AKS, CRM, ESI, FDX, PCX, SNDK, X, LVS

Moving Above 30 DMA = 1

GS

Moving Below 30 DMA = 5

A, HAS, HLF, NVDA, VMW

Staying Below 30 DMA

MCP, MHS, SWN, AIV, WLT, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, CSTR, FAZ

Intermediate Term Market Trend: Up
Short Term Market Trend: Up

Futures Point to a Lower Open...

BMO – ES -3.00 and NQ -4.25 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open…

TLT is unchanged and the Euro is up 30 pips in premarket trading reversing and is still above old horizontal resistance, now new support in the 1.3450 area…

NDX leaders NFLX, PCLN, BIDU, AMZN and AAPL are lower in pre-market trading…GOOG is higher…

Dave’s Insight for Monday: Follow your rules as February options expiration approaches this Friday.

SPX
Resistance: 1,330, 1,338
Support: 1,321, 1,311, 1,300

Quoting Down – ISRG, NFLX, WLT, CMG, NYX, POT, GMCR, JDSU, MOS, URE, UNP, NDAQ, CF, ARUN, FCX, CHL, TSL, CIEN, TIF, V, DE, LVS, RVBD, GS, MICC, AMZN, CEPH, FSLR, PCLN, CELG, LLTC, BMC, KLAC

Quoting Up – CRM, X, SLW, FDX, DHR, SOHU, SINA, ATI, ICE, TIE, A, GOOG, FFIV, DLTR, RIMM, ALTR, NTAP, JOYG

SPX New High Close as NFLX Reaches 245 Breakout Price Target...

NFLX reaches breakout price target...someone said last week "I hope you're wrong on that target..."

The SPX formed a white spinning top making a new high close up +3.17 at 1,332.32 on Monday.

SPX white spinning top, new high close
INDU doji, potential bearish harami
COMPQ white spinning top, new high close
RUT white candle, new high close

Breadth weakened on Monday as advancers led decliners 1.24 to 1 on the NYSE and 1.17 to 1 on the NASDAQ …

Exchange     NYSE     NASDAQ
Advancers    1,661       1,454
Decliners      1,332       1,236

Index    Chg.     Close    Direction    Confirmation
VIX       +0.26      15.95       Up                No – SPX
SOX     +3.58    466.40       Up               Yes – COMPQ

Leading stocks > +2% on Monday included GMCR, WLT, CLF, NDAQ, PCX, TSL, FCX, TIE, AMD, CAM, SNDK, ATW, SLW, LDK, NYX, CRUS, ATI, CSTR, X, IPI, SLB, AKS, VMW

Losing stocks < -2.0% included GME

Positives –SPX, COMPQ, RUT, SOX, AAPL, AMZN, GOOG, NFLX, PCLN

Negatives – VIX, TNX, Bonds, Euro, breadth weakened, sectors weakened

Interest rates fell on Monday and bond ETF TLT rose 6 cents. The Euro fell 59 pips to 1.3487 at 5 pm ET.

Five of nine sectors rose on Monday with Energy XLE +2.20% and Materials XLB +1.08% leading all sectors.

SPX
Resistance: 1,330, 1,338
Support: 1,321, 1,311, 1,300

The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL +2.33 – white candle
AMZN +1.17 –white spinning top
NFLX +16.48 – large white candle, reached 245 breakout price target
QCOM +0.57 – white spinning, potential shooting star
GOOG +3.65 – white candle
BIDU -0.77 – black spinning top

NDX 100 stocks stronger than the NDX include NFLX, MXIM, CTXS, SNDK, MU, CELG, KLAC, BIIB, FLEX, JOYG, LINTA, EXPE, AKAM, ATVI, INFY and FFIV.

Stocks weaker than the NDX: CTRP, NWSA, SHLD, RIMM, MICC, EBAY, CRMN, NTAP, BRCM, NIHD, CHRW and NVDA.

Stocks to Watch on Tuesday
Holding Above 30 DMA
SINA, NDAQ, SMH, NVDA, FWLT,CLF, JDSU, CRUS, HOLX, DE, FAS, GLW, JEC, ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM, SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, CF, DHR, IPI, LXK, PNC, SKX, V, ZION, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, A, GES, RVBD, HAS, SLW, VECO, HLF, MCD, UNP, AKS, CRM, ESI, FDX, PCX, SNDK, X, LVS
Moving Above 30 DMA = 1
VMW
Moving Below 30 DMA = 0

Staying Below 30 DMA
MCP, GS, MHS, SWN, AIV, WLT, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, CSTR, FAZ

Intermediate Term Market Trend: Up
Short Term Market Trend: Up