Trading Stocks Extend Gains...CTXS, XLNX and SWI Shine for Tech Stocks...

Seven sectors moved up on Thursday, XLY, XLE and XLP were the strongest sectors.

Breadth weakened slightly as advancers led decliners 2.14 to 1 on the NYSE and 1.66 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,048           1,575

Decliners           953              946

SPY moved up 97 cents on 135.8 million shares for third straight day of gains while making a horizontal breakout of April 17 resistance high.  Breakout price target is $142.78.

SWI +7.56, +19.99% gains following positive earnings on Wednesday.

AMZN +27.01, +13.78% gains in after-hours following earnings after the close on Thursday.

Bounce Continuation: CCL, X, TSL

Bullish Divergence Bounce Continuation: SWI, SOHU, SINA, RCL, CREE, SMH, DHR, SPY, IBM, RF, WFC, FAS, XLF, GLW, GS, JPM, BAC, C, GES

Bounce Pause: ANR, PCX, ATI, GRPN, ICE, CDE

Bounce Pullback:  JDSU, CLF

These potential MACD bullish divergences confirmed on Thursday as the MACD histogram rose: VECO, ZION, COH, LDK

Potential MACD histogram bullish divergences still on charts today include CIEN

VMW formed a bullish harami on Wednesday and bounced on Thursday at a potential double bottom support.

Leading NDX 100 stocks included CTXS, NUAN, XLNX, ORLY, EA, GMCR, WYNN, KLAC, RIMM, GRMN

Lagging NDX stocks included AKAM, CELG, CHRW, CHKP, NFLX, EXPD, SRCL, ALXN, BIDU, ESRX

Leading stocks > +2% on Thursday included SWI, CRUS, VECO, ESI, ZAGG, VMW, CRM, SINA, RVBD, SOHU, CSTR, RCL, ANF, HLF, DECK, FAS, CREE, TSL, LNKD, SMH, WDC, JNPR

Losing stocks < -2.0% included CROX, CLF, UAL, TPX, JDSU, LVS, GRPN, FAZ

Stocks to Watch on Friday

Holding Above 30 DMA = 21

TLT, UAL, CROX, URE, NTES, HUM, ANR, DECK, WDC, SLB, CHL, CSTR, DE, DLR, STI, ATI, GLW, HLF, LNKD, V, ZAGG

Moving Above 30 DMA = 12

ANF, CREE, CRM, CRUS, ESI, FAS, IBM, NKE, SOHU, SWI, TIF, VMW

Moving Below 30 DMA = 2

CROX, LVS

Staying Below 30 DMA

FAZ, JNPR, CIEN, CMG, AKS, FCX, PCX, RCL, RVBD, CLF, DHR, MCP, SWK, TPX, X, ZION, INFA, SMH, BAC, A, TBT, F, JDSU, SWKS, TSLA, C, GS, COH, GRPN, MOS, VECO, UCO, ICE, SINA, TSL, GES, CDE, LDK

Six Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up