Stocks Give Back Wednesday's Gain

DJIA - 215.45, -2.51% SP500 - 21.93, -2.93% NASDAQ Comp. - 46.82, -3.14% Russell 2000 - 14.23, -3.14% Exchange NYSE NASD Advancing 1,059 855 Declining 2,775 2,017 Oil $43.67 -$3.12 Gold $763.80 -$5.00 SOX 186.64 -11.43 VIX 63.64 +2.92 Strongest Sectors: XLY +1.09%...XLF -1.08%...XLP -1.28% Weakest Sectors: XLE -6.93%...XLK -4.05%...XLU -3.61% Sector Watch Up Trending: Sideways: XLE, XLP, XLU Down Trending: XLF, XLY, XLV, XLI, XLB, XLK The DJIA and SPX continue in their intermediate term (8 weeks) sideways trading range. The Nasdaq and RUT are still below key October support, now resistance levels. Retail stocks were strong again on Thursday. The Retail Industry ETF, XRT, rose 3.21%, while AMZN added another 4.67%. Consumer Discretionary, XLY, was the only sector that moved higher on Monday. Financial ETF, XLF, -1.08%, was the second strongest sector Eight of nine sector ETFS moved lower on Thursday. Check out our Stocks to Watch on Friday list. Oil fell another $3.12 to continue its down-trend. Gold and gold stocks fell again on Thursday. Index Commentary The DJIA, SPX, Nasdaq and RUT fell back below Monday's R1 level while forming a pennant pattern with Monday as the base. Watch for a pennant pattern break on Friday for market direction. Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA AXYS…AYE…DV…EZPW…PCLN…PPD…ASIA…BAP…CBST…DLTR…ESI…FLR…FSTR…TKC…JCOM…JEC…PCR…AME…AOB…ATK…B…IRIS…MIG…RTN…SNA…TEVA…WMS…GILD...HAS…JOSB…URBN Moving Above 30 DMA AGN…AMZN…ROST Moving Below 30 DMA AAPL…AME…ANSS…AOB…BCR…BYI…CL…CTSH…FWLT…IT…JW.A…LFC…MTD…PRGO…RCI…STRA…VIVO…WAB Staying Below 30 DMA MYGN…GIS…AMX…CERN…CHU……AFAM…CHTT…DGIT…ESRX…LAYN…NIHD…NOV…OSIP…RIO…SINA…SOHU…SWN…VMI…MMM…FLIR…PCP…PETS…PSSI…SPTN Thursday’s Action Moving Up: PNRA, NUE, ZION, MS, NDAQ, ESRX, ONXX Moving Down: STRA, FSLR, MA, BTU, POT, CNX, MON, FWLT, PCLN, AEM, CF, V, CLF, INFY, SOHU, KMT, BRCM, ANR, AGU, GS, MEE, SCHN, X, IPI Intermediate Term Market Trend: Neutral – DJIA, SPX, Down – Nasdaq, RUT Short Term Market Trend: Neutral