SPX New High Close...

DJIA + 36.58, +0.39% SP500 + 6.92, +0.69% NASDAQ Comp. + 10.63, +0.53% Russell 2000 + 3.02, +0.53% Exchange NYSE NASD Advancing 2,005 1,495 Declining 1,041 1,209 Oil $70.52 +$0.36 Gold $954.70 +$4.00 SOX 302.36 +6.48 VIX 24.71 -0.74 The VIX moved down and did confirm the move up in the SPX on Thursday. The SOX confirmed the move up in the Nasdaq. Strongest Sectors: XLF +2.07%...XLB +1.83%...XLE +1.22% Weakest Sectors: XLU -0.34%...XLV -0.11%...XLY +0.07% Seven of nine sectors moved higher on Thursday. Financials, Materials and Energy were stronger than the SPX +0.69%. Financial stocks stronger than XLF +2.07%: RF, BAC, ZION, KEY, MET, PNC, WFC, USB, TRV and ETFs UYG and FAS. Tech stocks stronger than XLK +0.45%: DELL, TXN, YHOO, AMAT, AAPL, GLW, SYMC, ADP, INTC, ADBE, GOOG, AMT and ORCL. Sector Watch Up Trending: XLK, XLB, XLY Horizontal Breakout: XLV Sideways: XLE, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 1,007 = Nov horizontal resistance 1,025 = 950 Chart target 1,044 = October horizontal Key support levels: 996 = July 30 high 980 = last broken resistance now support 962 = 161.8% Fib extension 944 – 956 = old January/June/July resistance The SPX rose to a new closing high of 1,012.73. For nine straight days the SPX has been bouncing between 992 and 1,012 with one intra-day thrust to 1,018. This week’s trading range has been a modest 20 points. AAPL a bell weather leading stock broke through its horizontal flag and also moved to a new high close. Flag Setups in Progress: LLTC, MRVL, DLB, JOYG, USD, UYG, FAS, TDG, ALTR, CELG, TEVA, HANS, GILD and URE. Key stocks AA, BAC, DD, TRV and WMT were strong on Thursday. AAPL +3.11 QCOM +21 cents GOOG +3.70 BIDU -1.41 Strong Nasdaq 100 stocks STLD, CHKP, MXIM, MRVL, DELL, NVDA, URBN, VRSN, NIHD, YHOO, KLAC, WYNN, AMAT, BRCM, MCHP, MICC, SBUX, ILMN and LLTC. Our real time virtual trades since July 23 in GOOG, SPY, XLB, ZION, BAC, XLF, MA and BDK continue to perform very well. GRMN has slipped negative but has not hit its stop. Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA PWRD, CPLA, ACN, PSYS, MHS, SLGN, AMED, AMX, NFLX, BYI, CTSH, AAPL, DLTR, PETS, USD, BIDU, FUQI, GMCR, JOSB, ATW, BAP, CAM, DLB, EBAY, FAS, GES, JCOM, NIHD, PCLN, SNHY, TDG, TRLG, UYG, WRC, ESI, MOS, MUR, WCG, SNA, X, CBST, WAB, BLUD, CLB, JOYG, PCP, URE, WMT, EZPW, MON, RBN, STRA, AFAM, CHL, FLS, PWR, VAR, SPWRA, BKC, DV, GR, CLB, HANS, GXDX, JEC, GME, HLF, BIIB, VPRT, AMZN, DECK, ORCL, RCI Moving Above 30 DMA = 3 HDB, PPD, SWN Moving Below 30 DMA = 1 MYGN Staying Below 30 DMA ESRX, RIMM, ALGT, APEI, GILD, K, FSLR, GPRO, SYNA, BDX, JW.A, MCD, FAZ, NTLS, ICE Intermediate Term Market Trend: SPX, DJIA, RUT = Neutral, Nasdaq = Up Short Term Market Trend: Neutral