Markets Modest Pullback

DJIA - 88.66, - 0.68% SP500 - 6.41, - 0.45% NASDAQ Comp. - 12.87, - 0.52% Russell 2000 - 1.39, - 0.19% The DJIA, S&P and Nasdaq pulled back today and stayed well above new support. The Russell which is just below resistance had the smallest pullback today. Watch the S1 level on Friday’s large white candle for a potential shift in the short term trend. POT, IPI and MON had nice support bounces today. MOS had a modest support bounce. Earnings PCP – 5/6 ATW – 5/9 FLR – 5/12 Today’s Action Breakout BUCY, GILD, ICE At Support ESRX Support Bounce FLR

Moving Up BIDU, X, CLF, POT, MA, MTL, CNX, MEE, AAPL, IPI, MON, NUE, V, SCHN, FWLT, AGU, CELG Moving Down FSLR, GS, DECK, SOHU, MS, AMZN, LEH, IBM, MER, UAUA Intermediate Term Market Trend: Up Short Term Market Trend: Up