Monday Monday

Markets rebounded Monday, traditionally as of late, a strong day. The move came in soft trade dampening the feel. The Nasdaq rose slightly more than the S&P 500s 0.5% advance. Commodities rebounded after the shellacking they took last week. In fact both hard and soft commodities rallied Monday. Healthcare was also strong while banks lagged. Leading stocks were quiet today. Economic reports tomorrow include small business optimism. Earnings on the companies that I follow for Tuesday include CRZO FOSL NOG before the bell and MDR MCP DIS after the bell.

Stocks near specific buy points include: Cup with handles are PVH 71.19, EBAY 34.75, CHRW 81.63, QCOM 58.56, TXN 36.08. Cup with high handles are DOV 69.35, VMW 99.29, VMW 37.44. Cup bases are JBL 23.19, ADI 41.76, MXIM 28.54. Double bottoms are KLAC 48.19, TRW 60.40. Double bottom with handles are EXPD 55.40, AAPL 355.23. Flat base is DFS 25.21 and COH 60.73 in a double bottom with handle base.

Stocks that can be bought as they retake their 50 day MAs and their buy stop spots are PPG 92.25, CBE 65.25, PLL 57, VPHM 19.60, BRKR 20, AMP 62.35, TRN 34.25, FCX 53.45, RIO 70.20. Stocks that retook their 50 day MAs today were CRZO EXXI FTO HAL MRO SGY WNR. Stocks near 50 day support are CAR 17.50, AME 54.50, IR 48, WM 37.75, STJ 51.05, KEG 15.55, IL 28.20, APH 55, KO 66, KSU 54, ACN 54, AH 26, ADP 51.80, EMC 26.95, AGCO 54, BWA 76. Stocks that found 50 day support today were LYB DKS APA CPX HLX OIS PTEN SUG WMB CRM BKI DD AA ARUN.

Stocks near 200 day support are LVS 42, KMX 30.60, FTI 41, ADM 33, POT 52, IBN 47.80, HMC 37.50. Stocks that found 200 day support today were MT NKE ANR TCK PAAS SWC AGU MOS. CAM retook its 200 day today. Stocks that can be shorted at 200 day resistance are RIG 70, MTL 27.40.

Stocks trading tightly after gapping up are MCO IACI. Very bullish.

Stocks that can be shorted at 50 day resistance are UA 70, WRC 58.30, JOYG 95.25, MTW 21, BID 48.40, APC 79.75, CHK 33, CVX 106, DVN 89.25, XOM 84.05, HES 82, MDR 24, NBR 29.10, NBL 94, VLO 28.25, PAY 52, NUE 46.30, OMC 48.60, OPEN 100, CLF 95.25, GG 51, MON 68.50. SWKS DE found 50 day resistance today. Stocks that can be shorted under 50 day support and their sell stop spots are DECK 87, VFC 98, SBUX 35.60, CMCSA 24.75, NXPI 30.15. RBCN lost its 50 day MA today.

We will as previously noted add to our FCX if it can regain its 50 day MA above 53.50.

Good luck.

The author owns FCX HK.