SPX Holds After INTC Pulls Back...

Dave will be traveling Thursday morning...

DJIA         10,216.27  + 3.70 +0.04%
SP500        1,095.34   - 0.17 -0.02%
COMPQ     2,249.84   +7.81 +0.35%
Russell 2000   640.16  -2.66   -0.41%


Exchange     NYSE   NASD
Advancing    1,336     1,105
Declining      1,639     1,516


Oil         $77.04     -0.11
Gold $1,213.30     -6.50
SOX      361.86     -0.97
VIX         24.89    +0.33


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

Leading stocks on Wednesday included AKS, TSL, VMW, CRM, CSTR, FAZ, NFLX, LVS, X and NTRI

MAR reports 31 cents vs 28 cents est.
FAST reports 47 cents vs 44 cents est.
INTC reports 51 cents vs 43 cents est.
AA reports 13 cents vs 12 cents est.
CSX reports 1.07 vs 98 cents est.
NVLS reports 66 cents vs 60 cents est.

Earnings of interest of leading companies include:
Thursday – AMD, AMX GOOG, JBHT, JPM
Friday – BAC, C, GE

Guidance:
SPX forms inside day...Yellow Alert.
The SPX closed above its 30 DMA for the fourth straight day.

The VIX did confirm the lower close in the SPX.

Breadth was weak as decliners led advancers 1.2 to 1 on the NYSE.

Continue to trade strong stocks up with an entry signal or bounce continuation.

The entry for down trending stocks is a break below the low of the high day.

The VIX rose +0.33 and closed at 24.89.

The short term 3 day trend is up.
The two-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 +0.92
QCOM +0.95
GOOG +2.13
BIDU +0.65
NDX 100 stocks stronger than the NDX include: EXPD, STX, FLEX, EXPE, CSCO, QCOM, WYNN, ISRG, DELL, LIFE, FSLR, NTAP, TEVA, APOL and INTC.

Stocks weaker than the NDX: BBBY, KLAC, DISH, URBN, DTV, LBTYA, XLNX, FWLT, ALTR, RIMM, XRAY, SPLS, GILD, YHOO, ATVI and STLD.

Stocks to Watch on Thursday
Holding Above 30 DMA
TLT, CHL, CREE, CRUS, GMCR, HANS, TSL, ACN, HSY, ATW, BUCY, CAT, CRM, DLR, FFIV, HAS, HLF, MA, NETL, NFLX, PCLN, PNC, TIE, V, VECO, VMW, AGU, CAM, MCD, NTRI, DE, DOW, GS, STI, ZION, FAS, UAUA, UNP, USD, AIV, AMX, BAC, FCX, FLS, GES, GR, IPI, PCP, SPG, SWK, UCO, URE, USO, WMT, X
Moving Above 30 DMA = 3
AKS, BA, WHR
Moving Below 30 DMA = 1
SNDK
Staying Below 30 DMA
MOS, FAZ, UNG, CLF, CMG, DECK, LVS, NYX, SKX, SWN, ICE, A, AMD, LXK, ATI, DHR, MHS, WLT, POT, WFMI, CSTR, ESI, BYI, JEC, GME

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up