The SPX formed a black candle that closed above Tuesday's S1 and moved down -8.38 to close at 1,287.14. Decliners 1,762 led advancers 1,246 on the NYSE. The VIX moved down -0.34 to 18.52 and did not confirm the move down in the SPX.
SPX black candle to S1, below 30 DMA -0.65%
INDU black candle, below 30 DMA -0.66%
COMPQ potential shooting star above S1, below 30 DMA -0.67%
RUT potential shooting star above S1, below 30 DMA -0.81%Leading stocks > +2% on Wednesday: TSL, ATW, LDK, CIEN, IL
Losing stocks < -2%: SINA, VECO, SOHU, NKE, ANF, CF, MHS, ATI, CRUS, JNPR, UAL, DECK, POT, UNG
Bond ETF TLT moved up 6 cents. Financials XLF moved down 9 cents. The Euro moved down 62 pips to 1.4351 at 5 pm on Wednesday.
SPX
Resistance 1,300, 1,310, 1,321
Support 1,288, 1,278, 1,267
The short term 3 day trend is up.
The six-month trend is up.
The twelve-month trend is up.
AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM all moved lower and stayed above Tuesday's low.
NDX 100 stocks stronger than the NDX include WCRX, VRTX, XRAY, LINTA, FFIV, SBUX, STX, ILMN, ATVI and GMCR.
Stocks weaker than NDX include ADBE, SHLD, BIDU, URBN, NFLX, WYNN, ADSK, EBAY, CTXS and PCLN.
Stocks to Watch on Thursday
Moving Above 30 DMA
ATW, DOW, NGLS
Moving Below 30 DMA
A, CF, CHL, ESI, FCX, NKE, POT, UAL
Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up
1 comment:
So you come to my town, and I have to be out of town!
Have a great couple of days, I know the class is full. Sorry to miss you.
Reg
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