SPX Rallies From Pull Back...Closer Slightly Higher...

DJIA                          10,359.31  -7.41  -0.07%
SP500                         1,096.48  +1.31   +0.12%
COMPQ                       2,249.08   -0.76  -0.03%
Russell 2000                  634.62   -5.54   -0.87%


Exchange                  NYSE             NASD
Advancing                 1,462                 886
Declining                   1,537              1,759


Oil           $76.27      +0.18
Gold   $1,208.10      -5.20
SOX        361.09      -0.77
VIX            25.14      +0.25


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

Leading stocks on Thursday included PCLN, UNG, GMCR, POT, AGU, GS, IPI, WFMI, PCLN, MOST DE HLF, NTRI.

Wednesday's inside day potential reversal did confirm on an intraday basis on Thursday, but a rally did reverse the pull back and by the end of the day the SPX was higher.

Earnings of interest in leading companies: 
BAC, C, GE

Guidance:
SPX formed a potential hanging man with its highest close since June 22. Yellow Alert.
The SPX closed above its 30 DMA for the fifth time since June 21.
The VIX did NOT confirm the higher close in the SPX.
The VIX moved modestly higher for the third day in a row.
Breadth was strong as decliner led advancers 1.1 to 1 on the NYSE.

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

Wait for a new setup to trade weak stocks down.

The VIX rose 0.25 and closed at 25.14. Volatility closed above the important 25 level on Thursday.

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 -1.27
QCOM -0.02
GOOG +2.68
BIDU +0.61
NDX 100 stocks stronger than the NDX include: PCLN, NIHD, CEPH, SHLD, CELG, EXPE, LOGI, CMCSA, ORLY, PPDI, RIMM, SPLS, BBBY and CTXS.

Stocks weaker than the NDX: NVDA, FAST, MXIM, FWLT, STX, FSLR, JOYG, ESRX, AMZN, LINTA, VRTX, FLEX, MRVL, PDCO and VRSN.

Stocks to Watch on Friday

Holding Above 30 DMA
TLT, CHL, CRUS, GMCR, HANS, TSL, ACN, HSY, ATW, BUCY, CAT, CREE, CRM, DLR, FFIV, HLF, MA, NETL, NFLX, PCLN, PNC, TIE, V, VECO, VMW, AGU, BA, CAM, MCD, NTRI, DE, DOW, GS, STI, ZION, FAS, UAUA, UNP, USD, AIV, AMX, BAC, FLS, GES, GR, IPI, PCP, SPG, UCO, URE, USO, WMT, X, AKS,
Moving Above 30 DMA = 5
CSTR, MHS, MOS, POT, WFMI
Moving Below 30 DMA = 6
BA, FCX, HAS, SWK, V, WHR,
Staying Below 30 DMA
SNDK, FAZ, UNG, CLF, CMG, DECK, LVS, NYX, SKX, SWN, ICE, A, AMD, LXK, ATI, DHR, WLT, ESI, BYI, JEC, GME

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