DJIA + 174.75, +2.25% SP500 + 18.98, +2.33% NASDAQ Comp. + 58.05, +3.80% Russell 2000 + 18.78, +4.40% Exchange NYSE NASD Advancing 2,995 2,257 Declining 775 525 Oil $54.34 +$1.57 Gold $940.00 +$4.20 SOX 245.17 +13.68 VIX 40.36 -1.89 The VIX moved down and did confirm the move up in the SPX on Thursday. Strongest Sectors: XLI +5.36%...XLY +4.61%...XLB +4.00% Weakest Sectors: XLE +0.86%...XLP +1.11%...XLV +1.11% Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU Stocks opened higher and rose throughout the day forming a new high day on each index. All four indices closed near the highs for the day. Thursday's low becomes the new short term support level. Stay with the up trend unless price drops below today’s low. The Nasdaq has recovered all of its recent drop from its February high, except for 11 points and ended the day +10 point YTD. XLI was the strongest sector as it broke through its 50 DMA. The Financial sector fell in the middle of the pack on Thursday with a modest XLF 1.18% gain. Strong financial stocks that gained more than 1.18% on Thursday included: AXP, IVZ, TROW, ICE, SPG, SCHW, AFL, USB, ZION, CME, MET, PRU, ALL, JPM, KEY, BK and ETF’s UYG and FAS. Index Commentary The DJIA formed a large white candle with a new high close The SPX formed a large white candle with a new high close The Nasdaq formed a large white candle that moved to within 11 points of its Feb 10 high essentially retracing 100% of its recent four week down trend and forming a V bottom…near horizontal resistance of its sideways trend since November…new high close…the Nasdaq is up 10 points for 2009 The RUT formed a large white candle…new high close…hit its 78.6% Fib retracement from its Feb 6 high At the Open on Friday SPY – white spinning top, new high close SNDA – bearish harami OSG – confirm bullish harami, bull flag CTSH – confirm bullish harami, bull flag X – inside day at 50 DMA DLB – confirm hammer, bull flag close above 200 DMA CRM – confirmed hammer, bull flag JASO – large white candle, horizontal breakout GME – bearish engulfing ISRG – at 30 DMA resistance WYNN – doji above 30 DMA Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, MON, AAPL, CTSH, FLS, JOYG, AMX, APEI, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, PETS, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, ACN, SNHY, EBAY, GES, RCI, SNA, ORCL, WRC, DECK, HDB, MOS, PCP, UYG, BLUD, PCLN, FAS, FSLR, GME, ESI, WCG, RIMM, NIHD, X, BDX, BYI, CBST, EXPW, HLF, JW.A, MYGN, STRA, MCD Moving Above 30 DMA = 4 CHL, CPLA, NTLS, WAB Moving Below 30 DMA = 0 Staying Below 30 DMA PPD. RBN, ESRX, PSYS, GILD, MHS, TDG, SPWRA, AMED, GXDX, DV, VAR, PCR, K, AFAM Thursday’s Action (=> +$0.70 or -$0.70) Moving Up: FSLR, STRA, MA, POT, MON, PNRA, PCLN, V, BIDU, MOS, V, SCHN, GRMN, X, ANR, ONXX, LAMR, CLF, INFY, JASO, BRCM, HANS, NEM, IPI, KMT, CF, SOHU, CNX Moving Down: GS, Intermediate Term Market Trend: Neutral – SPX, Nasdaq, RUT Down – DJIA Short Term Market Trend: Up