Markets Rise...Futures Fall in After Market...

DJIA + 196.89, +1.82% SP500 + 23.35, +1.97% NASDAQ Comp. + 30.89, +1.43% Russell 2000 + 7.97, +1.14% Exchange NYSE NASD Advancing 2,248 1,715 Declining 847 1,198 Oil $108.02 +$2.29 Gold $882.00 -$13.00 $SOX 319.89 +3.95 Strongest Sectors: XLF +2.76%...XPU +2.47%...XLE +2.45% Weakest Sectors: XLB -0.28%...XLI +0.79%...XLK +1.72% Sector Watch Up Trending: Sideways: XLK, XLI, XLV, XLP, XLY Down Trending: XLE, XLU, XLB, XLK Markets moved higher on Thursday as it appeared that progress was being made toward a financial bailout resolution in Washington. Futures markets gave back much of Thursday’s gains after the close as the markets heard that a resolution would not be completed on Thursday. KBE formed a bullish harami in its bull flag pattern. HANS continued to rise following its horizontal resistance breakout. Index Commentary The DJIA formed a bullish engulfing on Wednesday’s spinning top…closed below the R1 resistance of Monday’s candle. The SPX bounced above Wednesday’s spinning top and closed below the R1 resistance of Monday’s candle. The Nasdaq confirmed its bullish harami…closed below the R1 of Monday’s large black candle. The SOX confirmed its bullish harami while forming a higher low and higher high. The RUT formed a bullish harami that closed near the R1 level of Wednesday’s candle. Thursday’s Action Moving Up: BIDU, DECK, AMZN, ZION, HANS, KBE, LDK, NDAQ, ANR, MEE, GS, MS, SINA, NUE, ONXX, EBAY Moving Down: POT, CF, MA, AEM, MON, AGU, CLF, CNX, FMCN, DRYS, BUCY, V, PCLN, KRE, BTU, GDX, GRMN, ESRX, Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral