Stock Futures Start The Week Slightly Down In Pre-Market...

BMO – ES - 5.25 and NQ - 4.25…futures are higher in pre- market…pointing to a slightly higher open…

SPY is…down .67 cents…

XLF is …down .09cents…
Euro is unchanged…
TLT is …up .88 cents…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  AAPL, EBAY, RIMM, YHOO, BIDU, SNDK, AMZN, NUAN, DECK, FB, FAZ, CRUS, ANF, AKS

Quoting Down:  GOLD, SBUX, FAS, GS, CRM, TBT, V, COH

Stocks Jump on Strong Euro, Tech Stocks and Black Friday Retail Sales Expectations...

Eight of nine sectors moved higher on Friday…XLK, XLP and XLE were the strongest sectors.  RIMM, AAPL and tech stocks led a big rally on holiday shortened trading as XRT jumped 1.51% on view of strong Black Friday sales.

Breadth strengthened on Friday as advancers led decliners …5.11 to 1 on the NYSE and 3.22 to 1 on the NASDAQ…

SPY up 1.90 at 141.35...volume 65.4 million shares – ½ day trading

VIX -0.17 at 15.14…
TNX +0.06 at 16.93…

TLT down 12 cents at 124.21…
XLF up 19 cents at 15.84…volume 20.6 million shares

AAPL up 9.80 at 571.50…volume 9.7 million shares …

FB down 32 cents at`23.99…on volume of 29.5 million shares…

­­­__________________

Technical Commentary:

The SPY exploded higher retracing more than 75% of its selloff from its November 6 high.  Friday’s explosive price action is a classic example of why Chart Signals has reminded readers Tuesday, Wednesday and Friday morning to remember the old adage, “never short a dull market.”  The VIX moved down and did confirm the SPY move up.

This week’s price action is beginning to look like a V bottom pattern.

The ES closed just beyond our 1,402 price target at 1,405.50.  NQ futures closed at 2,635.75.

RIMM and MCP experienced increased volume on Friday’s shortened trading day.  RIMM shares jumped after an analyst raised its price target from 12 to 15 and optimism about the forthcoming Blackberry 10. MCP shares increased after reports of insider buying.

As stated the weight of the evidence suggests recent support is the near-term low and this bounce is likely to continue even if it does pull back.

The Euro moved up 55 pips on Thursday and closed up 92 pips at 1.2975 on Friday.   The German Ifo index of business sentiment was reported at 101.4 on Friday, above of forecasts of 99.5.

TNX, interest rates rose and TLT, bonds moved down 12 cents.  XLF was up 19 cents to 15.84, breaking above short-term resistance at 15.69.

SPY – 139.50 BO

AAPL – white spinning top, 571.95 BO setup

FB – black candle above S1, BO test

FAS – 105.51 BO  

AMZN – 238.71 BO

EXPE - flag bounce continuation, BO setup 61.24

STX – confirm bullish harami, IT support

VIAB – bounces up from DBO line

RIMM – gap up

CRUS –black candle V BO test

F – white candle, flag bounce continuation

PHM – spinning top, bounce continuation off IT support

SWK – large white candle BO setup 71.82

SWI – BO continuation

RAX – BO setup 67.18

URI – DBO continuation

YELP – bullish engulfing confirms hammer

XHB – potential hanging man

XRT – large white candle continuation

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

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

____________________

Chart Targets:

SPY = 141.68, 143.52 short-term resistance
ES = 1,402, 1,414 fib extension

EUR/USD = 1.3020 short-term resistance

Short-term support at
1.2930, 1.2833 = Euro

139.57 = SPY

83.20 = SPXL
1,386.50 = ES
2,596 = NQ

Setups:
Bull Flag:  PENN, FLO

Horizontal Setup: OSK, FB, TER

Diagonal Setup:  

C-Pattern: GOOG, WMB, FAS, IBM, STI, TPX, WDC, CRUS, TIF, SPY, URE, FCX, MOS, GS, CDE, LVS, SLB, RVBD

Confirmed MACD Divergence:  DIA, QQQ, GOOG, CTSH, IBM

Moves:

Gap Up:

Gap Down: 

 

Bounce: QCOM, RCL, JOE, ROVI, TRIP, DSW, AOL, DE, STJ

C-Pattern: JAH, YNDX, SWI

Breakout: MCO, BBBY

Continuation:  CRM, THOR, JDSU,SWK, RAX,  IBKR, BSX, NTAP, LLTC, TXN, GILD, EXPD, CIEN, TSN, AAN, VAR, SVU, CELG, CHRW, PCLN, VMW, IBM, INGR, ADSK, WHR, EXPE, LNKD, CERN, AVY, AGQ, F, DDS, SBUX, SPY, DIA, QQQ, IWM, V, VMED, PCAR, FL, THC, SIRO, CREE, TER, WDC, CTSH, SMH, DV, PDCO, HPQ

Pause: GOOG, SHLD, BKD, ISIL, HCA, VAR, BTU, HNT

____________________

95 of 100 NDX stocks closed higher and one unchanged on Friday…

Leading NDX 100 stocks included: RIMM, DELL, WFM, BIDU, MRVL, FOSL, MU, EA, MSFT, INFY

Lagging NDX stocks included: ATVI, AMAT, CTXS, NFLX, VRSN

Leading stocks > +2% on Friday included: MCP, TSL, JDSU, FAS, RCL, JNPR, A, STI, ZION, COH, SOHU, GS, LDK, SMH, WDC

Lagging stocks < -2.0% included: FAZ, NTES

Stocks to Watch on Monday…

Holding Above 30 DMA = 40
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, CSCO, NTAP, EXPE, GMCR, ISRG, VMED, ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, SYMC, TXN, XLNX , AMGN, BIIB, CELG, COST, DLTR, EBAY, LIFE, SIAL, AMZN, BBBY, FISV 

Moving Above 30 DMA = 18

ADBE, ADSK, ALTR, AVGO, CHRW, DELL, FFIV, FOSL, GRMN, LRCX, MAT, MRVL, MU, NWSA, ORCL, PAYX, WFM, WYNN

Moving Below 30 DMA = 0
 

Staying Below 30 DMA

SIRI, KLAC, LINTA, SHLD, SRCL, FLEX, STX, CMCSA, INTU, SYMC, AKAM, AMAT, GOLD, MCHP, MSFT, NVDA, PNRA, SNDK, ADP, FAST, INTC, BIDU, CTSH, PCAR, VIAB, ALXN, ESRX, MNST, TXN, VRSN, GOOG, MYL, APOL, INFY, ORLY, VRTX, BMC, VOD, WCRX, DTV, NUAN, AAPL, BRCM, CA, CTXS, SYMC, KLAC, ROST, KRFT

Fourteen Week Intermediate Term Market Trend:  Neutral

Short Term Market Trend: Up

Futures, SPY Point to a Higher Open...Trading Closes Early...

BMO – ES +6.75 and NQ +14.00…futures are higher in pre- market…pointing to a slightly higher open…

SPY is…up 73 cents…

Most stocks are still short-term up… Friday is a half day of trading and generally the lightest trading day of the year…Look for volume to be light, remember the old adage, “never short a dull market.”

XLF is …up 12 cents…
Euro is up 52 pips…
TLT is …unchanged…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  AAPL, GOOG, PCLN, RIMM, VRTX, BIDU, AMZN, BIIB, SHLD, GILD, NUAN, GMCR, WFM, NFLX, GOLD, QCOM, FAS, IBM, STI, NKE, DE, RCL, CLF, FB, LNKD, SLB, CRM, CREE, CHL, CRUS

Quoting Down:  COH

Happy Thanksgiving...FB Up on Rising Volume...SPY Closes Higher...

Six of nine sectors moved higher and XLF was unchanged on Wednesday…XLE, XLY and XLK were the strongest sectors. 

Breadth strengthened on Wednesday as advancers led decliners …2.08 to 1 on the NYSE and 1.81 to 1 on the NASDAQ…

SPY up 26 cents at 139.45...volume down to 81.7 million shares

VIX +0.23 at 15.31…
TNX +0.31 at 16.87…

TLT down 7 cents at 124.33…
XLF unchanged at 15.65…volume 26.2 million shares

AAPL up 79 cents at 561.70…volume 13.3 million shares …

FB up 1.22 at`24.32…on rising volume of 89.8 million shares…

­­­__________________

Technical Commentary:
The SPY inched higher and closed 8 cents above Chart Signals 139.37 price target (Monday evening), in narrow range trading on light pre-holiday volume on Wednesday following a pause on Tuesday.  Monday’s S1 area continues to act as short-term support.  The VIX moved up and did not confirm the SPY move up.

The ES and NQ futures also moved slightly higher in a narrow trading range on light volume.  Once again the ES rose to Chart Signals (Mon/Tues evening) price target of 1,393 reaching 1,393.75 before closing at 1,389.  

Stocks with increased volume included: CRM, DE, GRPN, IBM, TSL, CHL, FB, INTC, PNRA, CTXS, VRSN and BIDU.

Volume was lighter for SPY, DIA, QQQ, IWM and most stocks as traders prepared for the Thanksgiving holiday weekend.

The SPY has retraced just over 50% of its selloff from its Nov 6 high and could be ready to pull back, the weight of the evidence suggests recent support is the near-term low and this bounce is likely to continue even if it does pull back.

The Euro closed up 12 pips at 1.2828.  TNX, interest rates rose and TLT, bonds moved down 7 cents.

XLF unchanged, BO setup.

SPY – S1 holds, 139.50 BO setup

AAPL – S1 holds, black spinning top

FB – large white candle, at BO point, highest since July downtrend

FAS – potential hanging man above S1, BO setup

AMZN – large white candle, divergence bounce, double bottom BO setup

EXPE - flag bounce continuation, nearing BO setup

STX – bullish harami, IT support

VIAB – hammer, holds DBO

RIMM – large white candle BO continuation

CRUS – gap black candle V BO

F – white spinning top, flag bounce continuation

PHM – doji, bounce continuation off IT support

SWK – doji, bounce continuation nearing BO setup

SWI – white candle BO

RAX – doji, divergence bounce continuation

URI – white candle DBO

YELP – hammer

XHB – white spinning top, bounce continuation off IT support

XRT – white candle above horizontal BO

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

The Market Forecast Green Line is pointed up crossing out of the lower reversal zone.

____________________

Chart Targets:

SPY = 139.37, 140.39, 141.68 short-term resistance
ES = 1,393, 1,402 short-term resistance

EUR/USD = 1.2876, 1.3020 short-term resistance

Short-term support at
1.2659 = Euro

137.82 = SPY

78.38 = SPXL
1,386.50 = ES
2,588 = NQ


Setups:
Bull Flag:  QCOM, RCL, JOE, ROVI, TRIP, PENN, FLO, DSW, AOL

Horizontal Setup: OSK, BBBY

Diagonal Setup:  MCO

C-Pattern: GOOG, WMB, FAS, IBM, STI, TPX, WDC, CRUS, TIF, SPY, URE, FCX, MOS, GS, CDE, LVS, SLB, RVBD

Confirmed MACD Divergence:  DIA, QQQ, GOOG, CTSH, IBM

Moves:

Gap Up: CRM, THOR

Gap Down:  STJ, DE

 

Bounce: EXPD, CIEN, JDSU, HNT, SVU, IBKR, PDCO, HPQ

C-Pattern: JAH, YNDX, CRM, SWI, JDSU, RAX, SWK

Breakout: FB, BSX

Continuation:  CELG, CHRW, PCLN, VMW, IBM, INGR, ADSK, WHR, EXPE, LNKD, CERN, AVY, AGQ, F, DDS, SBUX, SPY, DIA, QQQ, IWM, V, VMED, PCAR, FL, THC, SIRO, CREE, TER, WDC, CTSH, SMH, DV

Pause: TXN, GILD, TSN, AAN, GOOG, SHLD, BKD, ISIL, HCA, LLTC, NTAP, VAR, BTU, ADSK, TXN

____________________

 65 of 100 NDX stocks closed higher and one unchanged on Wednesday…

Leading NDX 100 stocks included: RIMM, FFIV, CTXS, NVDA, WCRX, MNST, NUAN, AMZN, MYL, SNDK

Lagging NDX stocks included: SHLD, VRTX, SIRI, WFM, ESRX, BIDU, KRFT, INTC, NWSA, GOLD

Leading stocks > +2% on Wednesday included: GRPN, CRM, TSL, FB, LDK, MCP, HLF, X, CHL, CRUS, CMG, TPX, URI, VMW, JDSU, CDE

Lagging stocks < -2.0% included: DE, STI

Stocks to Watch on Friday…

Holding Above 30 DMA = 37
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, CSCO, NTAP, EXPE, GMCR, ISRG, VMED, ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, SYMC, TXN, XLNX , AMGN, BIIB, CELG, COST, DLTR, EBAY, LIFE, SIAL  

Moving Above 30 DMA = 3

AMZN, BBBY, FISV

Moving Below 30 DMA = 0
 

Staying Below 30 DMA

DELL, LRCX, CHRW, MU, SIRI, KLAC, LINTA, SHLD, SRCL, FLEX, STX, WYNN, ADBE, AVGO, CMCSA, INTU, MAT, NWSA, SYMC, ADSK, AKAM, AMAT, GOLD, MCHP, MSFT, NVDA, ORCL, PAYX, PNRA, SNDK, WFM, FOSL, ADP, FAST, INTC, BIDU, CTSH, PCAR, VIAB, ALXN, ESRX, MNST, TXN, VRSN, GOOG, MYL, APOL, INFY, ORLY, VRTX, BMC, FFIV, GRMN, VOD, WCRX, DTV, NUAN, AAPL, BRCM, CA, CTXS, SYMC, ALTR, KLAC, ROST, MRVL, KRFT

Six Week Intermediate Term Market Trend: Down

Short Term Market Trend: Up

Stock Futures Quiet In Pre-Market...

BMO – ES +1.50 and NQ +2.75…futures are higher in pre- market…pointing to a slightly higher open…

SPY is…up .06 cents…

Most stocks held their Monday S1 level on Tuesday…Look for volume to slow today going into the Thanksgiving holiday, remember the old adage, “never short a dull market.”  Friday is a half day of trading and generally the lightest trading day of the year.

XLF is …n/a
Euro is unchanged…
TLT is …n/a

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  n/a

Quoting Down:  n/a

SPY, AAPL Hold S1...XLF, TNX Rise as Bonds Fall...Housing Stocks Rally...

Six of nine sectors moved higher on Tuesday…XLV, XLF and XLY were the strongest sectors. 

Breadth weakened on Tuesday as advancers led decliners …1.26 to 1 on the NYSE and decliners led advancers 1.10 to 1 on the NASDAQ…

SPY up 6 cents at 139.19...volume down to 117.4 million shares

VIX -0.16 at 15.08…
TNX +0.45 at 16.56…

TLT down -1.26 at 124.40…
XLF up 8 cents at 15.65…volume 40.5 million shares

AAPL down -4.82 at 560.91…volume 22.9 million shares …

FB up 18 cents at`23.10…volume 46.5 million shares…

­­­__________________

Technical Commentary:

The SPY paused on Tuesday following large gains on Monday.  Tuesday’s pullback stayed above the S1 area of Monday’s range including its gap, indicating buyers are willing to buy pause pullbacks.  The VIX moved down and did confirm the SPY move up.

The ES and NQ futures also bounced off of S1 and rallied.

When the SPY turned negative just after 1 pm the Euro, TNX and XLF stayed relatively strong and TLT and VIX remained relatively weak suggesting the pullback would be temporary.  The SPY bounced more than $1 from its low closing up six cents for the day.

Volume was lighter across most issues and traders look to the Thanksgiving holiday weekend.

Weight of the evidence suggests recent support is the near-term low and this bounce is likely to continue.

The Euro closed up 4 pips at 1.2812.  TNX, interest rates rose and TLT, bonds moved down -1.26 and confirmed its shooting star candle.

XLF was up 8 cents BO setup.

SPY – S1 holds, BO setup

AAPL – S1 holds, black candle

FB – S1 holds, BO setup

FAS – gap holds support, BO setup

AMZN - divergence bounce continuation

EXPE - flag bounce continuation, nearing BO setup

STX – spinning top, lower low, IT support

VIAB – black candle, holds DBO test

RIMM – black candle gap

SWK – bounce continuation nearing BO setup

URI – doji, DBO setup

CRUS – S1 holds

YELP – black candle gap

SWI – bounce continuation

RAX – divergence bounce continuation

PHM - bounce continuation off IT support

F – doji, flag bounce continuation

XHB - bounce continuation off IT support

XRT – holds horizontal BO test

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

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

____________________

Chart Targets:

SPY = 139.37, 140.39 short-term resistance
ES = 1,386, 1,393 short-term resistance

EUR/USD = 1.2876, 1.3020 short-term resistance

Short-term support at
1.2659 = Euro

134.70 = SPY

73.26 = SPXL
1,342.50 = ES
2,513 = NQ

Setups:
Bull Flag:  QCOM, RCL, AOL, EXPD, JOE, ROVI, CIEN, JDSU, HNT, TRIP, PENN, FLO

Diagonal Setup:  MCO

Confirmed MACD Divergence:  DIA, QQQ, GOOG, CTSH, IBM

Moves:

Gap Up: DSW,

Gap Down: BBY, HPQ, PDCO

 

Bounce: TXN, CELG, CHRW

Continuation: WHR, PCLN, EXPE, GILD, TSN, LNKD, CERN, AVY, AGQ, F, DDS, SBUX, AAN, SPY, DIA, QQQ, IWM, GOOG, V, VMED, PCAR, FL, THC, FB, SHLD, SIRO, BKD

Pause: ISIL, HCA, CREE, LLTC, TER, NTAP, VAR, WDC, BTU, CTSH, IBM, INGR, SMH, DV, VMW, ADSK

____________________

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

Leading NDX 100 stocks included: SHLD, BIIB, DLTR, SIRI, CELG, WFM, GMCR, LIFE, AMZN, BIDU

Lagging NDX stocks included: NUAN, APOL, SPLS, INTC, WCRX, INFY, STX, LINTA, CTXS, DELL

Leading stocks > +2% on Tuesday included: GRPN, MCP, ZAGG, MOS, AKS

Lagging stocks < -2.0% included: CLF, TSL, LDK, ANR, UCO, ESI, A, SINA, WDC, CROX, VECO

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 29
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, CSCO, NTAP, EXPE, GMCR, ISRG, VMED, ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, SYMC, TXN, XLNX   

Moving Above 30 DMA = 8

AMGN, BIIB, CELG, COST, DLTR, EBAY, LIFE, SIAL

Moving Below 30 DMA = 0
 

Staying Below 30 DMA

DELL, LRCX, CHRW, MU, SIRI, KLAC, LINTA, SHLD, SRCL, FLEX, STX, WYNN, ADBE, AVGO, CMCSA, INTU, MAT, NWSA, SYMC, ADSK, AKAM, AMAT, FISV, GOLD, MCHP, MSFT, NVDA, ORCL, PAYX, PNRA, SNDK, WFM, FOSL, ADP, FAST, INTC, BIDU, CTSH, PCAR, VIAB, ALXN, ESRX, MNST, TXN, VRSN, GOOG, MYL, APOL, INFY, ORLY, VRTX, AMZN, BMC, FFIV, GRMN, VOD, WCRX, DTV, NUAN, AAPL, BRCM, CA, CTXS, SYMC, ALTR, BBBY, KLAC, ROST, MRVL, KRFT

Six Week Intermediate Term Market Trend: Down

Short Term Market Trend: Up

Futures Point to a Slightly Higher Open...AAPL Up...

BMO – ES +1.00 and NQ +5.75…futures are higher in pre- market…pointing to a slightly higher open…SPY is down 10 cents in pre-market … the Euro is above its 1.2700 support…Big support bounce on Monday…Look for volume to slow on Tuesday and Wednesday before the Thanksgiving holiday, remember the old adage, “never short a dull market.”

XLF is up 1 cent…
Euro is down 3 pips…
TLT is down 30 cents…

AAPL up 1.67 in pre-market…

Follow your rules for entry and exit…adjust stops to protect profits at this time according to your rules...

Quoting Up:  GMCR, GOOG, AAPL, EXPE, RIMM, COST, URE, SINA, RVBD, TBT,

Quoting Down:  CLF, V, A, LNKD, DECK, IBM, FAS, CRM, UCO, TLT, NUAN, XRAY

AAPL, Euro, SPY. XLF Big Bounce on Broad Rally, VIX Falls...

All nine sectors moved higher on Monday…XLB, XLK and XLE were the strongest sectors.

Breadth strengthened on Monday as advancers led decliners …7.53 to 1 on the NYSE and 3.72 to 1 on the NASDAQ…

SPY up $2.76 at 139.13...volume 151.4 million shares

VIX -1.17 at 15.24…
TNX +0.37 at 16.11…

TLT down 71 cents at 125.66…
XLF up 29 cents at 15.57…volume 52.2 million shares

AAPL up 38.05 at 565.73…volume 29.4 million shares …

FB down 64 cents at`22.92…volume 85 million shares…

­­­__________________

Technical Commentary:

Chart Signals' ES price target in Friday’s post was 1,386.  On Monday the ES rose to 1,385.75 before pulling back to close at 1,381.

The SPY gapped open and traded within 22 cents of our 139.37 target forming a gap large white candle.  The VIX moved down and did confirm the SPY move up.

Stocks bounced and moved higher with a broad and strong rally.  GMCR, CRUS, DECK, YELP, AAPL, ANF, ANR, JRCC and X were among the largest gainers.

The Euro up 82 pips at 1.2812 resumed bounce after Friday’s pause.  TNX, interest rates rose and TLT, bonds moved down 71 cents and confirmed its shooting star candle.

XLF was up 29 cents and confirmed its hammer at IT support.

SPY – confirmed hammer, CT rally bounce

AAPL – confirmed long tailed hammer, gap large white candle CT rally bounce

FB – pulled back to Friday’s S1, near ST resistance, BO setup

FAS – confirmed hammer, bounce at IT support

EXPE - flag bounce pause

STX – spinning top, higher high and low,  IT support

VIAB – gap white candle, DBO

RIMM – Horizontal BO

SWK – gap white candle bounce

URI – confirmed bullish harami, DBO setup

CRUS – confirmed hammer, gap white candle bounce

YELP – confirmed inverted hammer, large white candle

F – confirmed hammer, flag bounce

XRT – confirmed hammer at IT support, bounce and horizontal BO

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

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

____________________

Chart Targets:

SPY = 139.37, 140.39 short-term resistance
ES = 1,386, 1,393 short-term resistance

EUR/USD = 1.2876, 1.3020 short-term resistance

Short-term support at
1.2659 = Euro

134.70 = SPY

73.26 = SPXL
1,342.50 = ES
2,513 = NQ

Setups:
Bull Flag:  QCOM, RCL, AOL, TXN, EXPD, JOE, ROVI, CIEN, JDSU, HNT, CELG, CHRW

Diagonal Setup:  MCO

Confirmed MACD Divergence:  DIA, QQQ, GOOG, CTSH, IBM

Moves:

Gap Up: TSN, AAPL, SPY,

Gap Down:  

 

Bounce: ISIL, AGQ, HCA, F, CREE, LLTC, TER, NTAP, WHR, SBUX, VAR, PCLN, AAN, DDS, WDC, BTU, AVY, PCAR, INGR, SMH, SPY, DIA, QQQ, GOOG, CTSH, IBM, IWM, THC, LNKD, GILD, ISRG, WDC, V, VMED, DV, VMW, CHL, CERN, SIRO, BKD, FLO

Pause: FB, EXPE, TRIP, ADSK, FL, SHLD, PENN

____________________

90 of 100 NDX stocks closed higher on Monday…

Leading NDX 100 stocks included: GMCR, AAPL, NUAN, EA, GOLD, FLEX, RIMM, DLTR, SPLS, MRVL

Lagging NDX stocks included: VRSN, AKAM, INTU, MNST, ADSK, SNDK, VIDU, SRCL, KLAC, STX

Leading stocks > +2% on Monday included: CRUS, DECK, YELP, MCP, SINA, ANF, ANR, X, FAS, A, CROX, UCO, RVBD, SWKS, GRPN, BAC, FCX, NKE, COH, STI, CDE, SWK, SLB, URI, TSL, GES, LDK, MOS, TSLA, HLF, C, F, CREEE, CMG, LVS, AKS, LNKD, TIF, JDSU, HUM NTES, GS, CRM, RCL, V

Lagging stocks < -2.0% included: FAZ, ZAGG, FB

Stocks to Watch on Tuesday…

Holding Above 30 DMA = 19
YHOO, MYL, ORLY, CERN, NFLX, RIMM, XRAY, PCLN, SBUX, QCOM, HSIC, GILD, SPLS, CSCO, NTAP, EXPE, GMCR, ISRG, VMED    

Moving Above 30 DMA = 10

ATVI, CHKP, EA, EXPD, LLTC, MXIM, PCAR, SYMC, TXN, XLNX

Moving Below 30 DMA = 0
 

Staying Below 30 DMA

DELL, LRCX, CHRW, MU, SIRI, KLAC, LINTA, SHLD, SRCL, FLEX, STX, WYNN, ADBE, AVGO, CMCSA, INTU, MAT, NWSA, SYMC, ADSK, AKAM, AMAT, AMGN, COST, EBAY, FISV, GOLD, LIFE, MCHP, MSFT, NVDA, ORCL, PAYX, PNRA, SNDK, WFM, FOSL, ADP, FAST, INTC, BIDU, CTSH, PCAR, SIAL, VIAB, ALXN, CELG, ESRX, MNST, TXN, VRSN, BIIB, GOOG, MYL, APOL, INFY, ORLY, VRTX, AMZN, BMC, FFIV, GRMN, VOD, WCRX, DLTR, DTV, NUAN, AAPL, BRCM, CA, CTXS, SYMC, ALTR, BBBY, KLAC, ROST, MRVL, KRFT

Six Week Intermediate Term Market Trend: Down

Short Term Market Trend: Up