Stocks Make High Day and Pullback...

We have reached our valid sample size and are still accepting feedback today, if would like to email me at chartsignals@yahoo.com and tell me: What information in Chartsignals do you find useful right now? Thank you, Dave DJIA - 85.78, -1.15% SP500 - 10.31, -1.30% NASDAQ Comp. - 7.74, -0.52% Russell 2000 - 4.37, -1.05% Exchange NYSE NASD Advancing 1,911 1,246 Declining 1,807 1.496 Oil $51.61 +$3.47 Gold $958.80 +$69.70 SOX 226.61 -1.91 VIX 43.68 +3.62 The VIX moved up and did confirm the move down in the SPX on Thursday. Strongest Sectors: XLE +2.41%...XLU +1.45%...XLB +0.93% Weakest Sectors: XLF -7.93%...XLV -2.43%...XLP -1.28% Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU Stocks moved lower on Thursday with their largest pullback from the open in the last eight trading days. Gold jumped over 7% and oil rose over $3 as the dollar fell. Gold and oil stocks moved higher. The Financial sector which has led the market higher over the past two weeks was the weakest sector on Thursday. XLF fell -7.93%. Leading financial stocks which lost more than 8% included PRU, C, MS, MET, RF, ZION, TROW, BK, WFC, SCHW, USB, BAC, IVZ, KEY, PNC and NTRS. Dave’s Insight: Patience is an essential characteristic of trading success. The At the Open list has required patience this week as each day looked like a signal might appear. Be ready when a signal does occur. Index Commentary The DJIA failed to confirm Wednesday’s hanging man by just 6 points as the index fell to the 50% Fib from its 61.8% Fib reached Wed, closed above its 30 DMA…bearish harami-like inside day The SPX formed a dark cloud cover bouncing down from its 61.8% Fib Retracement (Feb 9) and its 50 DMA…Thursday is a new high day by 0.20 point…watch for a break below today’s low The Nasdaq formed dark cloud cover like candle which closed above its 50 DMA and its 61.8% Fib retracement (Feb 9)…a new high day…watch for a break below today’s low The RUT formed a dark cloud cover like candle that bounced down from its 61.8% Fib retracement (Feb 8)…and its 50 DMA…a new high day…watch for a break below today’s low At the Open on Friday SPY – dark cloud cover…high day…watch for break of Thursday’s low BA – black candle confirms Wednesday’s hanging man and Monday’s shooting star…closed below Monday’s high day WHR – spinning top…high day… watch for break of Thursday’s low BDK – shooting star…high day…watch for break of Thursday’s low DE – shooting star…high day…watch for break of Thursday’s low WYNN – black spinning top did not confirm Wednesday’s hanging man ADS – bearish engulfing pattern…high day DECK – black spinning top…high day… watch for break of Thursday’s low VNO – dark cloud cover…high day… watch for break of Thursday’s low SPG – dark cloud cover…high day… watch for break of Thursday’s low FWLT – black spinning top…high day… watch for break of Thursday’s low Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, MOS, 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, UYG, DECK, GES, HDB, PCP, RCI, SNA, MCD Moving Above 30 DMA = 2 ORCL, WRC Moving Below 30 DMA = 6 BLUD, FAS, NTLS, PCLN, PPD, RBN Staying Below 30 DMA MYGN, FSLR, GME, CPLA, ESRX, PSYS, CHL, GILD, MHS, TDG, SPWRA, AMED, GXDX, DV, ESI, VAR, WCG, JW.A, MUR, HLF, STRA, PCR, RIMM, BDX, BYI, NIHD, K, CBST, AFAM, EZPW, WAB Thursday’s Action (=> +$0.70 or -$0.70) Moving Up: FSLR, GOLD, NEM, GDX, GG, AEM, NUE, ANR, SCHN, CNX, POT, X, MEE, BTU, CLF, LAMR, IPI, GLD, DRYS, MOS Moving Down: MA, GS, SOHU, V, MS, STRA, MON, ESRX, ZION, AFAM, KBE, NDAQ, PCLN, PNRA, KRE, ONXX, UAUA Intermediate Term Market Trend: Neutral – Nasdaq, RUT Down – DJIA, SPX Short Term Market Trend: Up