Opening Gap Fills...SPX Closes Up 5 Points...

DJIA                          9,743.62  +57.14  +0.59%
SP500                        1,028.06   +5.48   +0.54%
COMPQ                     2,093.88    +2.09  +0.10%
Russell 2000                 590.03    -8.94   -1.49%

Exchange                  NYSE              NASD
Advancing                 1,500                  914
Declining                   1,540               1,789

Oil           $71.98       -0.16
Gold   $1,194.80      -12.60
SOX        331.15       -0.45
VIX            29.65      -0.47

Index  Direction      Confirmation
VIX      Down           Yes – SPX
SOX    Down            No – COMPQ

Guidance:

SPX formed a higher high and higher low doji that did not confirm Thursday's hammer.
The SPX formed a higher low for the second straight day above Thursday's 1,010 support area.
The VIX did confirm the higher close in the SPX.
The VIX moved lower for the third day in a row.
Bullish entry would be a support bounce with momentum moving up; a break above or close above the high of the low day or confirmation of Thursday's hammer.
Tighten up stops to protect profits on your short term bearish trades.

Tuesday started with a strong support bounce that failed to follow through Tuesday afternoon. The short term trend has shifted sideways. Stay with the two month down trend while looking for a potential break above the high of the low day in up trending stocks on Wednesday.

Trade strong stocks up.
Trade weak stocks down.

The VIX fell -0.47 and closed at 29.65. Volatility stayed above the important 25 level on Tuesday.

The short term 3 day trend is neutral.
The two-month trend is down.
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 +1.69
QCOM +0.28
GOOG -0.48
BIDU -0.10
NDX 100 stocks stronger than the NDX include: STLD, PCLN, NWSA, MICC, CTXS, CERN, MSFT, ORCL, RYAAY, DTV, CMCSA, AKAM, LLTC, ISRG and HANS.

Stocks weaker than the NDX: SHLD, CELG, STX, GENZ, SBUX, LOGI, URBN, BIIB, ORLY, AMAT, ADBE, ILMN, MRVL, JBHT and PAYX.

Stocks to Watch on Wednesday
Holding Above 30 DMA
TLT, CHL, CRUS, GMCR, HANS, FAZ, TSL
Moving Above 30 DMA = 2
ACN, HSY
Moving Below 30 DMA = 1
NTRI
Staying Below 30 DMA
HAS, HLF, UNG, USO, AIV, AMX, BA, CAT, CLF, CMF, CRM, DE, DECK, DLR, FFIV, GR, LVS, MA, NETL, NFLX, NYX, SKX, SNDK, SWN, TIE, UCO, UNP, V, VECO, VMW, BUCY, FCX, GS, ICE, PCLN, SPG, URE, ZION, UAUA, A, AMD, MCD, LXK, ATI, CAM, DHR, DOW, MHS, PCP, USD, WHR, WLT, CREE, PNC, POT, WFMI, WMT, SWK, CSTR, ESI, BYI, STI, IPI, JEC, GME, FAS, FLS, ATW, BAC, GES, X, AKS, AGU, MOS

Intermediate Term Market Trend: Down – 2 months
Short Term Market Trend: Neutral