SPX Makes Another New High Close...

The SPX formed a larger white candle and moved to another new high close, up +8.31 at 1,336.32 on Wednesday.

SPX white candle, new high close

INDU bullish harami, new high close

COMPQ white candle, new high close

RUT white candle, new high close

Breadth strengthened on Wednesday as advancers led decliners 3.00 to 1 on the NYSE and 1.93 to 1 on the NASDAQ …

Exchange       NYSE          NASDAQ

Advancers      2,269             1,765

Decliners           756                911

Index              Chg.    Close    Direction      Confirmation

VIX                 +0.35      16.37     Up                 No – SPX

SOX               +5.18    466.56     Up                 Yes – COMPQ

Leading stocks > +2% on Wednesday included JDSU, LDK, AMD, ARUN, NVDA, ACN, IPI, VECO, MHS, ESI, DE, NETL, A, VMW, AKS, TSL, TIE

Losing stocks < -2.0% included SINA, NYX, SOHU, UNG

Eight of nine sectors rose on Wednesday with Energy XLE +1.33% and Materials XLB +1.29% leading all sectors.

SPX

Resistance: 1,338

Support: 1,330, 1,321, 1,311

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

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL +3.23 – white spinning top, new high close

AMZN -2.41 – bearish engulfing confirms shooting star

NFLX -3.06 – black spinning top barely confirms bearish harami

QCOM -0.10 – black spinning top

GOOG +0.07 – black spinning top

BIDU +0.67 – doji

NDX 100 stocks stronger than the NDX include DELL, RIMM, CMCSA, NVDA, YHOO, JOYG, DLTR, ADSK, ADBE, ERTS and CA.

Stocks weaker than the NDX include EXPE, STX, CTRP, AMGN, AMZN, NFLX, SPLS and SYMC.

Stocks to Watch on Thursday
Holding Above 30 DMA
SINA, NDAQ, SMH, FWLT,CLF, JDSU, CRUS, HOLX, DE, FAS, GLW, JEC,  ACN, NYX, ATI, URE, DISH, POT, BA, TSL, DLR, HANS, HUM, LDK, NTES, CAM,  SLB, TIE, MA, SPG, STI, CAT, DOW, MOS, NETL, SOHU, SWKS, ATW, SWK, TBT, ICE, JNPR, PCP, AGU, AMD, BAC, CF, DHR, IPI, LXK, PNC, SKX, V, ZION, ARUN, CIEN, CMG, HSY, DECK, GMCR, TIF, UAL, GES, RVBD, SLW, VECO, MCD, UNP, AKS, CRM, ESI, FDX, PCX, SNDK, X, LVS, GS

Moving Above 30 DMA = 4

A, MHS, NVDA, VMW

Moving Below 30 DMA = 0

Staying Below 30 DMA

HAS, HLF, MCP, SWN, AIV, WLT, UCO, UNG, WHR, F, LCC, TLT, CHL, FCX, CREE, GME, CSTR, FAZ

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