Stock Continue Upward Trend...

All nine sectors moved higher on Thursday…XLK, XLP and XLI were the strongest sectors.

Breadth strengthened on Thursday as advancers led decliners 2.71 to 1 on the NYSE and 2.07 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ

Advancers    2,189      1,673
Decliners        805          805

SPY up 1.04 cents at 146.12...volume 124.3 million shares

VIX down 88 cents at 14.55…

TNX up 42 cents at 16.65…
TLT down 1.55 cents at 122.74…
XLF up 24 cents at 16.07…

AAPL down 4.64 at 666.80…volume 13.2million shares …

FB up 12 cents at 2195… volume 46.8 million shares…

Technical Commentary:

Chart Targets:

SPY = 147.88 2.61 Fib

ES = 1,466.00 2.61 Fib on ESZ2

EUR/USD = 1.3095 1.60 Fib, 1.3345 S&R Measuring

Short-term support at
143.09, 142.33 = SPY
1,424, 1,417.50 = ES
2,775, 2,762.25, 2,750 = NQ

Setups:

Bull Flag: IWM, XLF, BAC, C, WFC, MS, STI, ZION, ANR, CLF, CMG, MCP, SOHU, TBT, BTU, WLT, JRCC, ACI, QCOM, SHLD, PHM, EXPE, PCLN, JDSU, SINA, VMW, FCX, LNKD, IBM, DHR

At Support: SBUX, AMAT, BBBY,

Break of Support:  CTXS,

Gap Up: EBAY

Resistance BO:  LIFE, VIAB, ZION,

Bounce: ATVI, AMZN, PCLN, GRMN, FCX, BAC,

76 of 100 NDX stocks closed higher on Thursday…

Leading NDX 100 stocks included:  NFLX, NVDA, APOL, FOSL, ORLY, VRTX, VIAB, LIFE, GOLD, SNDK, GRMN, RIMM, MRVL, PCLN

Lagging NDX stocks included: ROST, ADSK, SIRI, NTAP, SBUX, CTXS, WYNN, AAPL, AMAT, AMGN, GILD, AVGO, INTC, DLTR, BBBY

Leading stocks > +2% on Thursday included:  UCO, LDK, ANR, TSL, MCP TPX, X, CDE, FAS, BACK ZAGG, ZION, GRPN, CSTR

Lagging stocks < -2.0% included: INFA, FAZ, RVBD, CMG, LVS

Stocks to Watch on Thursday…

Holding Above 30 DMA = 30

GS, RVBD, C, FAS, FCX, RCL, STI, BAC, CDE,  ZION, LVS, LNKD, HUM, GLW, DE, DHR, IBM, SWK, V, FB, A CHL, GRPN, NTES, TLT, CRM, UAL, ZAGG, HLF, TIF, TSLA, TSL, VMW, F

Moving Above 30 DMA = 2

SWI, TBT   

Moving Below 30 DMA = 1

SINA

Staying Below 30 DMA

ATI, CMG, CLF, SOHU, INFA, JDSU, SOHU, CLF, MCP, ANR, ESI, ICE, MOS, SLB, ANF, CREE, CRUS, JNPR, URE, COH, CROX, NKE, TPX, VECO, CSTR, DECK, UCO, AKS, DLR, SMH, SWKS, X, WDC, CIEN, GES, FAZ, LDK

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up