Stocks Stablilize as Auto Industries Receives Help

DJIA - 25.88, -0.30% SP500 + 2.60, +0.29% NASDAQ Comp. + 11.95, +0.77% Russell 2000 + 7.09, +1.48% Exchange NYSE NASD Advancing 2,276 1,451 Declining 1,540 1,506 Oil $33.87 -$2.35 Gold $837.40 -$23.20 SOX 211.84 +2.89 VIX 44.93 -2.41 Strongest Sectors: XLK +0.33%...XLI +0.13%...XLV +0.00% Weakest Sectors: XLB -3.23%...XLF -1.69%...XLP -1.65% Sector Watch Up Trending: Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK Down Trending: XLF The DJIA slipped 25 points as the SPX, Nasdaq and RUT rose on Friday as a financial lifeline was extended to GM and Chrysler. Ford said they did not need cash at this time. Thursday's falling VIX while the SPX also fell appears to again given a clue to Friday's positive market movement. DECK rose for its fourth straight day on Friday $2.72 or 3.71%. PCLN fell just 85 cents on Friday at a key resistance level of $85. Watch for potential breakout beginning on Monday. (click images to enlarge)

Index Commentary The DJIA formed an inverted hammer closing above its 30 DMA and below its 50 DMA. The SPX and Nasdaq are both forming a pennant pattern since Tuesday and closed just below their 50 DMA and above their 20 and 30 DMA. ProphetCharts The RUT closed above its 50 DMA for the second time in three days while holding above its 20 and 30 DMA. Stocks to Watch on Monday Leading Stocks: Holding Above 30 DMA AYE…EZPW…PCLN…BAP…DLTR…FLR…FSTR…JCOM…JEC…PCR…ATK…B…IRIS…RTN…SNA…WMS…HAS…JOSB…AMZN…BIIB…BYI…HDB…LFC…PSSI…AMX…CERN…FWLT…GME…MTW…NEU…QSII…VMI…WAB…OI…PPD…CHU…FLS…MBT…RIO…BCO…MOS…NDAQ…ROST…VIVO…AET…ESRX…NGS…POT…UTX…ANSS…APH…CAM…CCC…CIR…CL…DECK…DV…EPR…ESI…GES…GILD…JW.A…MYGN…NIHD…NILE…NOV…PCP…SINA…SPTN…TEVA…ACL…BLUD…CBST…DNA…HLF…SOHU…CELG…OSIP…PRGO…PSYS Moving Above 30 DMA = 7 AGN…CHTT…CTSH…MCRS…RIMM…SPN…WCG

Moving Below 30 DMA = 2 LAYN…SHW Staying Below 30 DMA SWN…MMM…FLIR…PETS…STRA…BCR…AME…GIS…PTNR…TECH…AXYS…RCI…AFAM…MON…MTD…URBN…ICLR…LNN... AAPL…MBT…TECH… KEX Friday’s Action Moving Up: MA, AEM, FSLR, ESRX, ONXX, KMT, GDX Moving Down: STRA, MON, CF, POT, FWLT, AGU, MOS, IPI, ZION, CLF, PCLN, MS, COH Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT Short Term Market Trend: Neutral