Complete Tuesday Game Plan 12/24/13

Markets kept their rallying mode in gear to start the week off Monday as the Nasdaq and S&P 500 both advanced smartly. The stronger Nasdaq gained more than 1%, doubling the S&P 500’s move. A look around the globe as most of 2013 is in the rear view mirror shows the outperformance of the domestic markets. Coming into this week the Nasdaq was up nearly 36% and the S&P 500 27.5%. Interesting how some regions just did not join the euphoria. The BRIC nations all registered LOSSES coming into this week. Brazil leads the laggards with a 22% loss, China almost 8%, India 6%, and Russia 4%. The resource nations being lower, which if you believe the economic growth is real would leave you puzzled. Healthy economies would have voracious appetites for energy, or perhaps the fact that we are becoming more independent in that regard right here at home has the equation skewed. Discussing China it is looking at a possible 3 week losing streak via FXI, although that is very early to say. AAPL did finally link up with China Mobile after 6 years of trying. AAPL blasted through a tight bullish flag formation today on the news, dialing up gains of almost 4%. Looking on its weekly chart one can see a very clean, but deep cup with handle pattern with a 575.24 pivot. The base is long, which tend to have better success rates, and started the week ending 9/21/12.