Happy Thanksgiving Eve

DJIA + 247.14, +2.91% SP500 + 30.29, +3.53% NASDAQ Comp. + 67.37, +4.60% Russell 2000 + 25.68, +5.79% Exchange NYSE NASD Advancing 3,100 2,273 Declining 581 595 Oil $54.44 +$3.67 Gold $808.50 -$10.00 SOX 201.30 +14.28 VIX 54.92 -5.98 Strongest Sectors: XLY +5.88%...XLE +5.60%...XLF +4.66% Weakest Sectors: XLU -0.34%...XLP +1.28%...XLV +1.57% Sector Watch Up Trending: Sideways: XLE, XLP, XLU Down Trending: XLF, XLY, XLV, XLI, XLB, XLK What a great way to set up Thanksgiving with a continuation of the short-term up trend which began last Friday. Markets are closed on Thursday and will be open for half a day on Friday. Friday after Thanksgiving is traditionally the lightest daily volume of the year. Trading should return in earnest on Monday. Not only did the broad indices and sectors move up strong on Wednesday, many individual stocks flashed entry signals on Wednesday. Be sure to review the charts in our Stocks to Watch on Friday section. Index Commentary The DJIA formed a large white candle…buyer were able to push through the 8,600 resistance level of the past two days…closed just above its 20 and 30 DMA…closed above its Oct. 10 intraday low for fourth straight day…9,000 continues as an important intermediate resistance level. The SPX formed a large white candle…closed above Oct. 10 low for the third straight day…buyers were able to push the SPX through the 865 resistance area …840 continues as a key support area and 915 a key resistance area. The Nasdaq formed a large white candle…buyers broke through the1,500 resistance area…closed just 10 points below its Oct. 10 low and above the Oct. 24 low. The RUT formed a large white candle and Tuesday’s a potential hanging man pattern was negated…closed one point above its Oct. 10 low…broke through the 450 key resistance area…the 20 and 30 DMA’s are the next resistance area. Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA TEVA… AXYS…AYE…CL…DV…EZPW…MMM…PCLN…PPD ANSS…ASIA…BAP…CBST…DLTR…ESI…FLR…FSTR…PRGO…RCI…SHW...TKC…WMS… AME…JCOM…JEC…NOV Moving Above 30 DMA AMX…AOB…ATK…BCR…CERN…CHTT…CHJ…CTSH…DGIT…FLIR…GILD…HAS…JW.A…LFC…MIG...MTD…OSIP…PCP…PCR…PSSI…RIO…SINA…SOHU…SWN…URBN…VIVO…VMI Moving Below 30 DMA None Staying Below 30 DMA RTN…AFAM…MYGN…GIS Wednesday’s Action Moving Up: BIDU, FSLR, SOHU, MA, DECK, PCLN, GS, STRA, CF, CLF, SCHN, POT, SINA, NUE, CNX, FWLT, X, MEE, AGU, BTU, ANR, V, BUCY, NDAQ, ESRX, HANS, MOS, IPI, MON, NIHD, AMZN, KMT, LDK, ONXX, INFY, EXPE, DRYS, LAMR, BRCM, MER, EBAY, GRMN, AEM, PNRA, KBE Moving Down: None Intermediate Term Market Trend: Neutral – DJIA, SPX, Down – Nasdaq, RUT Short Term Market Trend: Up