SPX Falls to 61.8% Fib Level...

DJIA                          10,152.80  -145.64  -1.41%
SP500                         1,073.69    -18.35 -1.68%
COMPQ                       2,217.42  -36.81 -1.63%
Russell 2000                  633.17    -11.08 -1.72%

Exchange                  NYSE              NASD
Advancing                    696                  648
Declining                   2,346               2,004

Oil           $76.51       +0.16
Gold   $1,245.50       +11.30
SOX        352.22       -10.66
VIX            29.74       +2.83

Index  Direction      Confirmation
VIX      Up               Yes – SPX
SOX    Down           Yes – COMPQ

The SPX fell to its 61.8% Fibonacci level at 1,171 before buyers stepped in and rallied to close at 1,073.

Only HAS gave an entry signal from our bull flag list. AAP, ABC, AZO, BA, HSY, ILMN and UCO held at support and are setup for a potential bounce on Friday.

The rest of our 33 up trending flag pattern stocks made their fourth day of pull back...continue to watch for a potential bounce on Friday: NFLX, AKAM, SNDK, VMW, UAUA, FFIV, ILMN, LVS, BA, CAL, CAT, CRM, HAS, HSY, NYX, SWN, TIE, UNG, UCO, BIDU, NTAP, VECO, SKX, DECK, CMG, ICE, NETL, AAP, ALK, AZO, ABC and DLR.

Guidance:
The SPX broke it 50% Fib level, its 1,081 horizontal support and fell to its 1,071 support level and 61.8% Fib level before closing at 1,073.

Stay with the short term down trend while looking for a potential break above the high of the low day in up trending stocks on Friday.

1,081 to1,085 and 1,105 are now short term resistance.

Trade strong stocks up.
Trade weak stocks down.


The VIX rose +2.83 and closed at 29.74. Volatility stayed above the critical 25 level on Thursday.

The short term 3 day trend is down.
The six-month trend is neutral.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch, trade with the trend of the chart and follow your rules.

AAPL -1.97
QCOM -0.63
GOOG -6.95
BIDU -2.39
NDX 100 stocks stronger than the NDX include: HANS, LBTYA, FLIR, DISH, WYNN, SRCL, TEVA, AMGN, JBHT, MICC, XRAY, ILMN, ADBE, GENZ and RYAAY.

Stocks weaker than the NDX: DELL, LOGI, ADSK, BBBY, NWSA, NVDA, STX, MRVL, FWLT, EXPE, BRCM, KLAC, HOLX, FSLR and BIDU.

Stocks to Watch on Thursday
Holding Above 30 DMA
TLT, NFLX, SNDK, CMG, VMW, TIE, DECK, HSY, DLR, SWN, UNG, UAUA, CRM, CHL, LVS, CRUS, AMX, CLF, HAS, HLF, FFIV, NTRI, GMCR, BA, CAT, DE, NETL, USO, V, MA, HANS
Moving Above 30 DMA = 2
FAZ, UCO
Moving Below 30 DMA = 11
A, AIV, AMD, BUCY, GR, MCD, NYX, SPG, TSL, UNP, VECO
Staying Below 30 DMA
ICE, LXK, ACN, ATI, CAM, DHR, DOW, FCX, MHS, PCP, USD, URE, WHR, WLT, CREE, PNC, POT, WFMI, WMT, SWK, FAZ, CSTR, ESI, BYI, ZION, STI, JEC, GME, FAS, FLS, PCLN, PCP, ATW, BAC, GES, GS, X, AGU, IPI, MOS


Intermediate Term Market Trend: Neutral
Short Term Market Trend: Down