Spinning Top on Friday...

DJIA + 5.90, +0.07% SP500 + 4.30, +0.50% NASDAQ Comp. + 2.63, +0.16% Russell 2000 + 5.49, +1.16% Exchange NYSE NASD Advancing 2,442 1,709 Declining 1,277 1,068 Oil $50.33 +$0.35 Gold $867.80 -$12.00 SOX 254.81 +0.31 VIX 33.94 -1.85 The VIX moved down and did confirm the move up in the SPX on Friday. Strongest Sectors: XLF +1.28%...XLY +1.21%...XLE +1.17% Weakest Sectors: XLK -0.18%...XLU -0.15%...XLI -0.05% The Sectors were mixed on Friday with six moving slightly higher and three moving lower. XLF led all sectors with a modest gain. Financial stocks stronger than XLF, +1.28% include: ZION, RF, AFL, PNC, AXP, KEY, SPG, MS, WFC, USB, AOC, BAC, TROW, ICE, MET and ETF’s UYG and FAS. The Tech Sector XLK was the weakest sector down a modest -0.18%. Leading tech stocks stronger than XLK at -0.18%: DELL, AAPL, GLW, ADBE, SYMC, TXN, GOOG, MA, AMAT, VZ, EBAY, T and IBM. The SOX barely made a new high close while failing to make a new intraday high as horizontal resistance held. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU No, No, No...Not Again... Yes, once again... It's time for...Another...Yellow Alert... The major indices on Friday finished six consecutive weeks up for the first time since 2007 completing a V Bottom formation off the low of March 6. Last Thursday, April 9, in the Weekly Wrap Dave pointed out that the chart with the SPX breakout that day indicated an SPX target over the next six trading days of 875. Yes, the session is recorded. On Friday, April 17, the SPX hit an intraday high of 875.63. Target achieved. For the skeptics, yes, yes, we know, it's only an accident. Friday’s Spinning Top is clear indication that Wednesday and Thursday’s upward momentum is at least pausing. Remember upward momentum will slow down as the first step to reversing. The combination of the achievement of a short term breakout price target, a spinning top on Friday, a 100% retracement of the February sell off, the failure of SOX to break horizontal resistance and the trading pattern of one to two strong days and then one to two pause days gives us a Yellow Alert for Monday. The key positive for Friday was the VIX making a new low close. Once again the question becomes, is this simply a pause that refreshes or a short term move to the downside? Short term traders should once again watch for a break of the low of the high day on Monday which is a potential exit signal for short term bullish trades. Take a look at Friday's SPX chart. What candle pattern is formed on Friday? What does it tell you about momentum? (click image to enlarge) Index Commentary –Yellow Alert The DJIA formed a doji…volume increased to 537 million shares…closed above its 20, 30 and 50 DMA. The SPX formed a white spinning top…potentially the second candle in an evening star pattern…closed above its 20, 30 and 50 DMA. The Nasdaq formed a white spinning top …closed above its 20, 30 and 50 DMA. The RUT formed a white spinning top…closed above its 20, 30 and 50 DMA At the Open on Monday SPY – white spinning top DECK – large white candle…hit 66 – 67 price target SNDA – large black candle CTSH – doji EBAY – hammer in bull flag SCHN – white spinning at 200 DMA GME – large black candle…shadow bounce on 30 DMA SHLD – white candle breakout of 200 DMA GS – spinning top XRT – hanging man USD – potential bearish harami URE – white spinning top WYNN – black spinning top at horizontal resistance CELG – black spinning top LEAP – confirmed tombstone doji breaks low of high day FAZ – black spinning top ISRG – large white candle Stocks to Watch on Monday Leading Stocks Holding Above 30 DMA BIDU, CLB, NFLX, DLTR, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, ATW, GR, SLGN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, RBN, ESRX, PCLN, URE, AMED, VAR, PCR, PPD, MON, NIHD, SPWRA, HANS, PETS, STRA, SWN, TDG, MCD Moving Above 30 DMA = 2 CPLA, DV Moving Below 30 DMA = 4 BIIB, MOS, NTLS, RCI Staying Below 30 DMA WMT, GILD, BKC, APEI, BLUD, ESI, GXDX, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Up

Futures Point to Flat Opening...

SHLD Options Gain 357% In our Wednesday AT Webcast on April 8 we placed a real time virtual trade to buy 12 May 55 call options that were filled at 1.75. This entry was based on the Chart Signal of a Bullish Harami in a Bull Flag in an Up Trend. This morning as the stock approached the short term breakout target of 62, we placed a order to sell 6 of the calls if the stock reached 61.90. The order was filled at 11:55 am MT at $8 per contract. That was a gain of $6.75 profit per contract or 357% in just 9 days. The other 6 contracts are still open. The second chart target we identified on April 8 was 65. Are you paying attention to Chart Signals?

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12:26 pm ET - The SPX has continued to trade in a narrow trading range between 861 - 868 all morning. Check Friday's trading range compared to Thursday in this chart... (click image to enlarge) 10:42 am ET - The first hour of trading has been confined to a pretty narrow trading range of 7 points on the SPX. So far today is an inside day...another pause day? (click image to enlarge) CLX Options Gain 44% in 3 Days In our Virtual Coaching Options session on Tuesday we placed a real time virtual trade OCO bracket order on CLX in which we purchased 8 May 55 calls for 1.25. The stock at the time was 52.80. We placed a bracket order to sell if the stock rose to 55.50 based on the the short term chart price target. We placed a brack stop if the stock dropped to 51.91. Just now at 9:31 am ET the limit bracket order filled the sell order on the 8 calls at 1.80 as CLX hit 55.50 for a return of 44% in 3 days... Check out the chart as we mapped out the trade...the numbers you see we placed on the chart live Tuesday morning in planning out the target and stop on this trade... (click image to enlarge) BMO - ES +2 and NQ - 5 are flat to down in pre-market trading pointing to a flat opening on Options Expiration Friday. We'll be posting this morning, so stay tuned... At the Open on Friday SPY – white spinning top DECK – bullish harami in bull flag SNDA – large white candle breakout CTSH – confirmed hammer in bull flag EBAY – spinning top in bull flag SCHN – white spinning top near 200 DMA GME – large black candle break 200 DMA SHLD – large white candle at 200 DMA GS – spinning top after pullback to 200 DMAXRT – confirmed hammer in bull flag XRT – confirmed hammer in bull flag USD – confirmed dragonfly doji at 20 DMA support bounce URE – white spinning top after bullish engulfing support bounce off 50 DMA UYG – doji WYNN – white spinning top at horizontal resistance CELG – black spinning top LEAP – tombstone like doji at 30 DMA

Stocks Reach New High Close

In the meantime watch the Susan Boyle video link below...it's worth watching and Post in the Comment Section what you feel...Thanks Dave DJIA + 95.81, +1.19% SP500 + 13.24, +1.55% NASDAQ Comp. + 43.64, +2.68% Russell 2000 + 12.75, +2.76% Exchange NYSE NASD Advancing 2,578 1,727 Declining 1,113 1,018 Oil $49.25 -$0.16 Gold $893.00 +$1.80 SOX 254.50 +8.27 VIX 35.79 -0.38 The VIX moved down and did confirm the move up in the SPX on Wednesday. Strongest Sectors: XLY +3.49%...XLI +3.38%...XLK +2.97% Weakest Sectors: XLB +0.04%...XLV +0.45%...XLE +0.47% All nine Sectors moved higher on Thursday. Financial stocks stronger than XLF, +1.11% include: RF, SPG, ZION, AFL, KEY, TROW, MS, JPM, AOC and ETF’s UYG and FAS. The Tech Sector XLK gained +2.97% as INTC and other semiconductors regained some on Wednesday’s correction. Leading tech stocks stronger than XLK at +2.97%: DELL, HPQ, MSFT, TXN, SYMC, AMAT, AAPL, ORCL and ADBE. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU The major indexes rebounded from Tuesday and Wednesday’s pullback and made a new high close for the current six week up trend. Friday is options expiration which often leads to greater intraday volatility as option traders cover and close open positions. Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA BIDU, CLB, NFLX, DLTR, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, ATW, GR, BIIB, SLGN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, RBN, ESRX, PCLN, URE, AMED, VAR, PCR, PPD, MON, NIHD, SPWRA, RCI Moving Above 30 DMA = 7 HANS, NTLS, PETS, STRA, SWN, TDG, MCD Moving Below 30 DMA = 2 CPLA, WMT Staying Below 30 DMA GILD, BKC, APEI, BLUD, DV, ESI, GXDX, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Up

Futures Pointing to a Flat to Positive Open...

Watch this is an extraordinary rendition by Susan Boyle of I Dreamed a Dream from Les Miserables…it is also a real life example of the seemingly impossible, being possible. It just might inspire you. Click this link: http://www.youtube.com/watch?v=9lp0IWv8QZY Please share any observations you have by posting in the Comments section. Thank you for sharing your thoughts… BMO - ES +1 and NQ +10 are near even about an hour before the open putting to a flat to positive opening. The Nasdaq was the weakest index on Wednesday and is trading slightly stronger than the S&P in pre-market is a positive headed into Thursday morning's trading. Take a look at the over night action in these two markets. Notice the overnight low in relation to the prior low before Wednesday's low point... (click image to enlarge) (click image to enlarge) At the Open on Thursday SPY – bullish engulfing pattern DECK – large black candle bull flag pullback to diagonal support SNDA – large white candle support bounce CTSH – hammer at horizontal support and 200 DMA bounce EBAY – spinning top in bull flag SCHN – white spinning top above horizontal breakout GME – white spinning top support bounce off 200 DMA SHLD – spinning top inside day GS – white candle harami after pullback XRT – hammer in bull flag USD – dragonfly doji at 20 DMA support bounce URE – bullish engulfing support bounce off 50 DMA UYG – piercing line after one day pullback WYNN – white spinning top inside day at horizontal resistance CELG – black spinning top, potential 2nd candle in potential morning star pattern LEAP – morning star pattern support bounce off 200 DMA FAZ – large black candle

A Piercing Line Support Bounce

DJIA + 109.44, +1.38% SP500 + 10.56, +1.25% NASDAQ Comp. + 1.08, +0.07% Russell 2000 + 7.91, +1.75% Exchange NYSE NASD Advancing 2,578 1,727 Declining 1,113 1,018 Oil $49.25 -$0.16 Gold $893.00 +$1.80 SOX 246.23 -3.77 VIX 36.17 -1.50 The VIX moved down and did confirm the move up in the SPX on Wednesday. What is going on with the VIX is significant. Take a moment to sudy the old resistance level from early 2008 that has been an area of support on the VIX chart below. (click image to enlarge) Strongest Sectors: XLF +4.83%...XLB +2.36%...XLP +1.78% Weakest Sectors: XLK -0.30%...XLE +0.13%...XLY +0.33% Eight of nine Sectors moved higher on Wednesday. The Financial Sector reversed from being the weakest sector on Tuesday to the strongest on Wednesday. XLF regained most of Tuesday’s -6.59% pullback, gaining +4.83%. Financial stocks stronger than +4.83% include: SPG, AXP, SCHW, USB, WFC, PNC, ZION, MET, ALL, JPM, RF, PRU, TRV, NTRS, GS, AFL, IVZ and ETF’s UYG and FAS. The Tech Sector XLK was the only losing sector off -0.30% This was primarily fueled by analysts reaction to INTC guidance which apparently was specific enough for some analysts. INTC finished down along with bellwether tech stocks AMAT, MSFT, DELL and CSCO. Leading tech stocks stronger than XLK at -0.30%: AMT, GOOG, SYMC, HPW, VZ, GLW, T, QCOM and ADP. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU This is an extraordinary rendition by Susan Boyle of I Dreamed a Dream from Les Miserables and a real life example of the seemingly impossible, being possible. It just might inspire you. Click this link: http://www.youtube.com/watch?v=9lp0IWv8QZY If you have any observations after listening, Please Post them in the Comments section. As we wrote Tuesday evening; "The pattern of the past six weeks has ben pause/pullback for two days following a strong move up. Watch to see if this pattern repeats and we see another short lived correction. Remember pullbacks that find support in up trends are potential entry opportunities." If you gave heed to our guidance you were thinking like a master chess player and prepared for the support bounce that took place today. After a weak opening, due in large measure to selling pressure in INTC and other semiconductor stocks stemming from analysts that did not like the level of detail in INTC's second quarter guidance Tuesday after the close, stocks found support about 3 pm ET as indices rallied strong into the close. INTC finished down 39 cents and the SOX index -3.77 for the day. Watch for trend continuation on Thursday. Today was a low day in the SPX, Nasdaq, DJIA and RUT. The SPX, DJIA and RUT each formed a Piercing Line Pattern. Take a close look at this Piercing Line bouncing off a higher low. (click image to enlarge) Volume on the DJIA was slipped to 413 million shares from 513 million shares on Tuesday. Index Commentary The DJIA formed a white piercing line pattern from an intraday support bounce…closed above its 20, 30 and 50 DMA. The SPX formed a white piercing line pattern…closed above its 20, 30 and 50 DMA. The Nasdaq gapped lower on the open found support and closed above its open forming a white spinning top …closed above its 20, 30 and 50 DMA. The RUT formed a piercing line pattern…closed above its 20, 30 and 50 DMA At the Open on Thursday SPY – bullish engulfing pattern DECK – large black candle bull flag pullback to diagonal support SNDA – large white candle support bounce CTSH – hammer at horizontal support and 200 DMA bounce EBAY – spinning top in bull flag SCHN – white spinning top above horizontal breakout GME – white spinning top support bounce off 200 DMA SHLD – spinning top inside day GS – white candle harami after pullback XRT – hammer in bull flag USD – dragonfly doji at 20 DMA support bounce URE – bullish engulfing support bounce off 50 DMA UYG – piercing line after one day pullback WYNN – white spinning top inside day at horizontal resistance CELG – black spinning top, potential 2nd candle in potential morning star pattern LEAP – morning star pattern support bounce off 200 DMA FAZ – large black candle Stocks to Watch on Thursday Leading Stocks Holding Above 30 DMA BIDU, CLB, NFLX, DLTR, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, WMT, ATW, GR, BIIB, SLGN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, RBN, ESRX, PCLN, URE, AMED, VAR, PCR, PPD, MON, NIHD, SPWRA Moving Above 30 DMA = 2 CPLA, RCI Moving Below 30 DMA = 4 GILD, NTLS, SWN, MCD Staying Below 30 DMA BKC, HANS, APEI, PETS, TDG, BLUD, DV, ESI, GXDX, STRA, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral

Futures Pointing to a Lower Open...

BMO - ES - 4 and NQ -13 futures are down in pre-market trading pointing to a lower open. Notice that the NQ is down more than the ES this morning, likely due to INTC which is trading don 78 cents in pre-market. Watch how INTC and the SOX Semicondutors trade in early trading this morning for clues on the Nasdaq (see Tuesday night's post). (click image to enlarge)

Notice where the futures are relative to Monday's low and last night's overnight low...

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At the Open on Wednesday SPY – breaks low of the high day DECK – doji SNDA – large black candle breaks low of high day CTSH – closes at low of Monday’s doji EBAY – closes at low of Monday’s doji SCHN – white bearish harami above horizontal breakout GME – breaks low of high day doji SHLD – inside day GS – breaks low of high day after announcing offering XRT – closes below low of high day doji on Monday USD – white candle following doji URE – breaks low of high day with close below horizontal resistance/support UYG – closes below low of high day WYNN – white candle new high close at horizontal resistance CELG – black candle after bear flag break LEAP – inside day after break of 30 DMA support FAZ – bullish harami

Yellow Alert Turns to Red...Again...

DJIA - 137.63, -1.71% SP500 - 17.23, -2.01% NASDAQ Comp. - 27.59, -1.67% Russell 2000 - 14.83, -3.17% Exchange NYSE NASD Advancing 1,186 916 Declining 2,533 1,870 Oil $49.41 -$0.64 Gold $891.20 -$3.80 SOX 250.00 -0.60 VIX 37.67 -0.14 The VIX moved down and did NOT confirm the move down in the SPX on Tuesday. Strongest Sectors: XLE -0.27%...XLV -0.45%...XLK -1.08% Weakest Sectors: XLF -6.59%...XLY -2.24%...XLB -1.86% All Sectors moved lower on Tuesday. The Financial Sector was the weakest sector with a -6.59% loss. Financial stocks stronger than -6.59% include: C, AOC, MMC, BK, TROW, CB, ALL, TRV, ICE, RF and SCHW. Leading tech stocks stronger than XLK at -1.08%: AMAT, TXN, EMC, CSCO, DELL, INTC, QCOM, IBM and ORCL. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU Yellow Alert on Monday turned to Red giving a short term exit signal to some short term traders as indices broke below the low of the high day. The SPX broke below recent resistance now support and formed a morning star pattern. The trend is still up and today's action is still a pullback, not yet a trend change. The pattern of the past six weeks has been pause/pullback for two days following a strong move up. Watch to see if this pattern repeats and we see another short lived correction. Remember pullbacks that find support in up trends are potential entry opportunities. (click image to enlarge) Volume on the DJIA increased to 513 million shares up from 424 million shares on Monday. INTC released earnings after the close that beat both earnings and revenue estimates. On that positive the stock fell 5% in after hours trading. Apparently some analysts felt that INTC guidance was not detailed enough, even though the Company expected flat revenues from the first to second quarter, which in the current economic environment is considered a positive. We'll see if traders on Wednesday morning feel the same as Tuesday evening. Another excellent example of it's not the news, but institutional reaction to the news that counts. The SOX which was barely down on Tuesday, was also down in after-hours trading as other semiconductor stocks like BRCM and LLTC also moved lower. Watch INTC and the SOX in the morning to see if the sentiment is still negative. They will give strong clues to early trading in NASDAQ stocks. Index Commentary The DJIA formed a large black candle that confirmed Monday’s hanging man pattern as it broke the low of the high day…closed above its 20, 30 and 50 DMA…volume was 513 million shares. The SPX formed a large black candle that confirmed Monday’s hanging man pattern as it broke the low of the high day…closed above its 20, 30 and 50 DMA. The Nasdaq broke the low of the high day...closed above recent resistance…closed above its 20, 30 and 50 DMA. The RUT formed a large black candle that confirmed Monday’s hanging man pattern as it closed below the low of the high day… …closed above its 20, 30 and 50 DMA (click image to enlarge) At the Open on Wednesday SPY – breaks low of the high day DECK – doji SNDA – large black candle breaks low of high day CTSH – closes at low of Monday’s doji EBAY – closes at low of Monday’s doji SCHN – white bearish harami above horizontal breakout GME – breaks low of high day doji SHLD – inside day GS – breaks low of high day after announcing offering XRT – closes below low of high day doji on Monday USD – white candle following doji URE – breaks low of high day with close below horizontal resistance/support UYG – closes below low of high day WYNN – white candle new high close at horizontal resistance CELG – black candle after bear flag break LEAP – inside day after break of 30 DMA support FAZ – bullish harami Stocks to Watch on Wednesday Leading Stocks Holding Above 30 DMA BIDU, CLB, NFLX, DLTR, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, MCD, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, NTLS, RBN, ESRX, PCLN, URE, GILD, AMED, VAR, PCR, PPD, MON, NIHD, SPWRA Moving Above 30 DMA = 0 Moving Below 30 DMA = 2 BKC, HANS Staying Below 30 DMA APEI, PETS, TDG, RCI, BLUD, DV, ESI, GXDX, STRA, CPLA, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral

Futures Point to a Lower Open...

BMO - ES -8 and NQ -7 are lower in pre-market trading pointing to lower open. SPY is trading down 83 cents in pre-market trading. XLF is down 15 cents in pre-market. Watch for a break of the low of the high day indicating a roll over in the short term trend and a pullback to a higher low. If price holds and pushes to higher highs then the short term trend is still up.

Retail sales report this morning fell in March and PPI also fell in March. JNJ beats estimates...so watch how big money reacts to this mixed news, XRT is down 46 cents in pre-market trading.

Check out the over night futures trading...the green line is Monday's low: (click image to enlarge) Notice that NQ actually fell below Monday's low overnight but has recovered in pre-market trading:

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At the Open on Tuesday SPY – spinning top DECK – doji CTSH – doji EBAY – doji SCHN – horizontal breakout GME – doji SHLD – approaching 55 resistance GS – new high…earnings Monday eve XRT – doji USD – doji URE – close above horizontal resistance UYG – approaching horizontal resistance at 4 WYNN – spinning top at horizontal resistance CELG – spinning top after bear flag break LEAP – breaks 30 DMA support

Hanging Man Rules the Indices...

DJIA - 25.57, -0.32% SP500 + 2.15, +0.25% NASDAQ Comp. + 0.77, +0.05% Russell 2000 - 0.15, -0.03% Exchange NYSE NASD Advancing 2,250 1,394 Declining 1,469 1,386 Oil $50.05 -$2.19 Gold $895.80 +$12.50 SOX 250.60 -3.81 VIX 37.81 +1.28 The VIX moved up and did NOT confirm the move up in the SPX on Monday. Strongest Sectors: XLF +4.23%...XLB +1.30%...XLV +0.79% Weakest Sectors: XLU -1.30%...XLE -1.10%...XLP -0.28% Sectors were mixed on Monday with XLK closing with 0.00% change, while five sectors showed positive gains and three sectors moved lower. Once again the Financial Sector was the top sector with a +4.23% gain. Financial stocks stronger than +4.23% include: C, RF, BAC, KEY, BK, ZION, AZP, STT, MET, MS, PRU, ALL, PNC, GS and ETF’S UYG and FAS. Leading tech stocks stronger than XLK: YHOO, MA, GOOG, AAPL, AMAT CSCO and HPQ. INTC finished like XLK with no change. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU The broad indices like the sectors were mixed on Monday with the SPX, DJIA and RUT forming a Hanging Man candle pattern. Even though Monday was essentially a flat day, the SPX opened lower and moved lower for about 25 minutes were it found its low of the day at 845.35. The other indices found their low during the first two hours of trading. From their lows it was rally time with the indices moving to their high of the day and with each index making a slightly higher high than on Friday. With the formation of a Hanging Man and spinning top pattern the indices are again at a potential short term top . Short term traders be ready, which we call a Yellow Alert, for a break of the low of the high day. With the VIX not confirming the SPX move up, a hanging man and the push pause pattern since March 10, short term traders are wise to be alert for a potential pull back on Tuesday. A pull back could be one to two days as that has been the pattern since the March 6 bottom. A pull back could also set up a support bounce entry. (click image to enlarge) Volume on the DJIA was 424 million shares significantly above last weeks Monday through Wednesday volume and down slightly from Friday’s 462 million shares. Last week’s light volume reflects a holiday shortened week with Monday's volume returning to average levels. Earnings are ramping up this week with GS today, CSX, JNJ, FAST and INTC on Tuesday, GE and GOOG later in the week. Index Commentary – Yellow Alert The DJIA formed a hanging man pattern…closed above its 20, 30 and 50 DMA…volume was 424 million. The SPX formed a hanging man pattern…closed above its 20, 30 and 50 DMA. The Nasdaq formed a spinning top …closed above its 20, 30 and 50 DMA. The RUT formed a hanging man pattern… …closed above its 20, 30 and 50 DMA At the Open on Tuesday SPY – spinning top DECK – doji CTSH – doji EBAY – doji SCHN – horizontal breakout GME – doji SHLD – approaching 55 resistance GS – new high…earnings Monday eve XRT – doji USD – doji URE – close above horizontal resistance UYG – approaching horizontal resistance at 4 WYNN – spinning top at horizontal resistance CELG – spinning top after bear flag break LEAP – breaks 30 DMA support Stocks to Watch on Tuesday Leading Stocks Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, MCD, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, NTLS, RBN, ESRX, PCLN, URE, GILD, AMED, VAR, PCR, PPD, MON, NIHD, SPWRA Moving Above 30 DMA = 0 Moving Below 30 DMA = 3 APEI, PETS, TDG Staying Below 30 DMA RCI, BLUD, DV, ESI, GXDX, STRA, CPLA, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Up

Futures Pointing to a Slightly Lower Open

3:10 pm ET - Markets have stablized and moved to the upper end of their price range for the day...SPY has gone positive and made a slightly higher high than Friday...$SPX after falling to its April 2 high, which it broke through on Friday has bounced to form a slightly higher high...check the 11:27 am ET post this morning... (click image to enlarge)

SCHN Stock Gains 12.4% On April 2 in our Stocks webcast we entered a real time virtual trade to buy 100 shares SCHN with a limit target and stop using an OCO (one cancels the other) bracket order that will sell the stock either at a profit or a loss, whichever comes first and then cancel the remaining order. SCHN was in an up trend on April 2 and breaking out of short term horizontal resistance. The chart indicated a price target of 41+. We set the upside limit order at 40.95 and the stop at 32.77. The buy order filled at 36.43 on April 2. This morning at 10:31 MT the 40.95 limit filled and canceled the stop. This produced a gain of 12.4%. (click image to enlarge) 11:27 am ET - Watch the market here as it is bouncing from a higher low which could give it the force it needs to make a higher high than the high about an hour ago... 11:10 am ET - SPY has pulled back to opening price levels as you can see on the SPY 15 minute chart below...notice the inside day with both a lower high and higher low so far this morning...notice also Monday's price action is holding above last week's resistance, now new support...so far Monday morning is turning out to be a pause day...stay tuned... (click image to enlarge) 10:49 am ET - ES and NQ futures and SPY are trading above their opening price levels...Financials are leading the way with XLF, UYG and FAS higher...GS, JPM and C are higher in front of earnings this week...ESRX announced an agreement to purchase a unit of WLP along with a 10 year contract...ESRX is +4.38...the Model Portfolio holds a position in ESRX... 10:14 - After opening down and then an early selloff, ES and NQ futures and SPY are rallying past the open and into highest levels of the morning. 9:42 am ET - CELG, COV, LEAP and WYNN trading at or below Thursday's low. SPY and futures trading lower. BMO - ES -6 and NQ -5 futures are down slightly just before the open pointing to a slightly lower open. SPY is down 82 cents in pre-market trading. The pattern of trading since March 10 is one to two strong days up and then one to two days of pause or pull back. Watch Thursday's high as resistance, a breakout could signal continuation. Thursday formed large white candles and the mid-section is S1, the short term support level. (click image to enlarge) (click image to enlarge) At the Open on Monday SPY – bull flag breakout DECK – new high close on horizontal breakout CTSH – horizontal breakout…above 200 DMA EBAY – bull flag breakout SCHN – confirmed hammer GME – 200 DMA breakout SHLD – support bounce in bull flag COV – sellers at 50 DMA XRT – 200 DMA breakout USD – close above horizontal resistance URE – close above horizontal resistance UYG – break horizontal resistance WYNN – confirm hammer bounce to resistance CELG – pausing after bear flag break LEAP – at 30 DMA support

Learn the Discipline

Learn the Discipline Model Portfolio Summary - Week Ten In the table below you will see all the positions we have opened since March 10. The positions opened and closed prior to March 10 are listed in past posts. As of Thursday April 9 the portfolio is 55.63% in stocks and the balance in cash. The Portfolio was stopped out of five positions this week, four with losses and one just above break even. NIHD announce on April 6 lower than expected net subscribers for the quarter and the stock dropped and filled the stop. GXDX, AMX and BLUD were also stopped out this week. Even with the realized losses from these positions, the Portfolio had a gain for the week and is still outperforming the SPX during the same time frame on both a net gain and a risk adjusted basis. We entered four new positions this week in GILD, VAR, AMED and SLGN. The total value of the open positions is 89,665.95 and the total portfolio value is 161,168.52. Because daily values will fluctuate in any portfolio, what is of greatest interest this week is the seven open positions that are now over four weeks old. These seven positions have gained from 4.95% to 43.28%. You may review the positions opened on March 10 on the Summary below. There are also five closed positions that had been opened on March 10 that had returns of -10.25% to +2.96%. This is the first intermediate term evidence of the value of this intermediate term strategy. The open intermediate term gains are initially far out performing the early exits supporting our original expectations that the strategy would produce losses in the short run and still produce larger profits over the intermediate term. While it is still too early to draw any definite conclusions the early results are beginning to support the validity of the strategy. We reiterate this week that: It is always better to outperform than underperform the market. (click image to enlarge)

VIX...Lowest Close Since September 26, 2008...

DJIA + 246.27, +3.14% SP500 + 31.40, +3.81% NASDAQ Comp. + 61.88, +3.89% Russell 2000 + 26.08, +5.90% Exchange NYSE NASD Advancing 3,254 2,332 Declining 548 485 Oil $52.24 +$2.86 Gold $882.20 -$2.60 SOX 254.41 +11.70 VIX 36.53 -2.32 The VIX moved down and did confirm the move up in the SPX on Thursday. Today marks the lowest close on the VIX since Sept. 26, 2008 which indicates that fear is continuing to move lower. (click image to enlarge) Strongest Sectors: XLF +15.54%...XLI +5.50%...XLB +4.33% Weakest Sectors: XLU +0.04%...XLP +0.05%...XLV +0.46% All sectors moved higher, barely, on Thursday as Utilities XLU and Consumer Staples XLP were positive by one cent each. The Financial Sector XLF, +15.54%, regained its leader status performing almost three times better than the second sector Industrials XLI + 5.50%. Financial stocks stronger than +15.54% include: BAC, WFC, ZION, KEY, USB, PNC, AXP, AFL, JPM, STT, SPG and ETF’S UYG and FAS. Leading tech stocks stronger than XLK, +2.51%: EBAY, AMAT, DELL, EMC, INTC, YHOO, HPQ, CSCO, ADBE, QCOM, SYMC, MA, AMT, ORCL, GOOG, T, AAPL, TXN and ADP. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU Volume jumped on Thursday as the DJIA trading 462 million shares and increase of 207 million shares or 81% from Wednesday’s 255 million shares. We expected volume to be light on Thursday, as it was from Monday to Wednesday, and it was NOT. Thursday’s large move was supported by good volume. The trend continues to be up. We will watch the trading pattern closely as traders return from the long weekend on Monday. The pattern since March 10 has been strong up for one to two days and then pause or pullback for one to two days. Until a new pattern emerges we will expect traders to push and pause. Also earnings begin this next week. We expect positive earnings like recently reported RIMM, BBBY and JOSB to strengthen the market. Oh don’t worry, there will plenty of disappointments over the next four weeks to counter balance the positive surprises. Dave’s Insight: Trade the trend and trade strength. (click image to enlarge) Index Commentary The DJIA formed a large white candle that confirmed Wednesday’s bullish harami type pattern and broke through the horizontal resistance of April 2 – 3…closed above its 20, 30 and 50 DMA…volume was an above average 462 million. The SPX confirmed Wednesday’s bullish harami with a large white candle pattern…formed a new high close above the April 2 – 3 horizontal resistance …closed above its 20, 30 and 50 DMA…the current price pattern gives an 875 price target sometime during the next 6 trading days. The Nasdaq formed a large white candle breaking through horizontal resistance …closed above its 20, 30 and 50 DMA…the current price pattern gives a price target of 1,687 also within 6 days. At the Open on Monday SPY – bull flag breakout DECK – new high close on horizontal breakout CTSH – horizontal breakout…above 200 DMA EBAY – bull flag breakout SCHN – confirmed hammer GME – 200 DMA breakout SHLD – support bounce in bull flag COV – sellers at 50 DMA XRT – 200 DMA breakout USD – close above horizontal resistance URE – close above horizontal resistance UYG – break horizontal resistance WYNN – confirm hammer bounce to resistance CELG – pausing after bear flag break LEAP – at 30 DMA support Stocks to Watch on Monday Leading Stocks Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, APEI, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, PETS, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, MCD, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, NTLS, RBN, ESRX, PCLN, URE, GILD, AMED, VAR, PCR, PPD, MON Moving Above 30 DMA = 3 TDG, NIHD, SPWRA Moving Below 30 DMA = 1 RCI Staying Below 30 DMA BLUD, DV, ESI, GXDX, STRA, CPLA, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Up

Futures Point to a Higher Open...

BMO – The ES +15 and NQ +19 futures are trading higher in pre-market trading just over an hour before the open, suggesting a higher open as we head into the final trading day before Good Friday and the three day Easter weekend. Expect trading volumes to be light. Join Dave in the Weekly Wrap today with Tom Sosnoff and Ben Watson at 4:30 pm ET.

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(click image to enlarge) (click image to enlarge) At the Open on Thursday SPY – white spinning top at high of low day WYNN – hammer on second day pullback X –hammer on third day of pullback URE – hammer/bullish harami NOC – two day bull flag COV – break high of the low day CELG – hammer low day after bear flag break SNDA – break out of pennant hits 45 price target DECK – new high close on horizontal breakout BIIB – new high close horizontal breakout after bullish engulfing CTSH – hammer close…above 200 DMA…inside day EBAY – hammer like candle in bull flag SCHN – hammer break high of the low day BRCM – break high of the low day LEAP – black candle at 200 DMA…slightly higher high and higher low SHLD – bullish harami in bull flag (see chart)

Stocks Bounce on Light Volume...

DJIA + 47.55, +0.61% SP500 + 9.61, +1.18% NASDAQ Comp. + 29.05, +1.86% Russell 2000 + 10.42, +2.41% Exchange NYSE NASD Advancing 2,696 1,966 Declining 989 761 Oil $49.38 +$0.23 Gold $884.80 +$2.60 SOX 242.71 +6.81 VIX 38.85 -1.54 The VIX moved down and did confirm the move up in the SPX on Wednesday. Today marks the lowest close on the VIX since Jan. 6, which indicates that fear is continuing to drift lower. Strongest Sectors: XLY +2.83%...XLK +1.49%...XLE +1.28% Weakest Sectors: XLF +0.55%...XLV +0.67%...XLP +0.84% All sectors moved higher on Wednesday with the Financial Sector XLF, +0.55%, was the weakest. Stocks strong that +0.55% include: PRU, IVZ, ALL, AXP, AFL, ICE, SPG, CB, MET, NTRS, TROW, TRV, CME, BK, SCHW, MMC, PNC, JPM and ETF’S UYG and FAS. Leading tech stocks stronger than XLK, +1.49%: EMC, ADBE, DELL, SYMC, GLW, EBAY, TXN, IBM, MSFT, QCOM, AMAT and CSCO. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU In this morning’s post we alerted you to be mentally flexible because of the pattern of two day consolidations since March 9. Once again this was the case as buyers moved prices higher again setting up support opportunities today and likely heading into Thursday. Volume was again light with the DJIA trading just 255 million shares. Expect volume to light on Thursday which is the last trading day before Good Friday and the Easter weekend. Only 16 NDX 100 stocks traded above average volume. More than half, 53, of NDX 100 stocks traded volume 30% to 63% below average. Index Commentary The DJIA formed a white spinning top in a bullish harami type pattern…closed above its 20, 30 and 50 DMA…volume was a below average 255 million less than Tuesday’s 276 million. The SPX formed a bullish harami pattern…closed near Tuesday’s R1 level (see chart below)…closed above its 20, 30 and 50 DMA The Nasdaq white candle broke the Tuesday’s high which is the low day…made a higher low and higher high…closed above its 20, 30 and 50 DMA The RUT formed a bullish harami…closed above Tuesday’s R1 level…closed above its 20, 30 and 50 DMA (click image to enlarge) SHLD Entry Gains 24% Last night and this morning we included SHLD in our At the Open list. This morning before the open we included the SHLD chart on the Bull Flag. During our live webcast this morning we entered a real time virtual trade, a buy at support for 12 May 55 calls at 1.75. The stop was at 46.50 on the stock. Target 1 is 55 and Target 2 is 59 to 61. The trade was entered at 8:42 am. The stock moved higher for the day and the options closed at 2.17. This was a 24.2% return on the first day. (click image to enlarge) SNDA Options Gain 176% Last week (see Wednesday April 1 and Thursday April 2) we shared another real time virtual trade on SNDA entered Tuesday morning March 31. 10 May 40 calls at 2.15. 5 contracts were closed on Thursday at 5.30, a gain of 146%. We held the last 5 contracts until today when the stock reached a price target of 45 established when the order was entered Monday night March 30. The last 5 contracts were sold at 6.60, a gain of 206%. The average gain on the 10 contracts was 176%...Let the trend make you money! (click image to enlarge) At the Open on Thursday SPY – white spinning top at high of low day WYNN – hammer on second day pullback X –hammer on third day of pullback URE – hammer/bullish harami NOC – two day bull flag COV – break high of the low day CELG – hammer low day after bear flag break SNDA – break out of pennant hits 45 price target DECK – new high close on horizontal breakout BIIB – new high close horizontal breakout after bullish engulfing CTSH – hammer close…above 200 DMA…inside day EBAY – hammer like candle in bull flag SCHN – hammer break high of the low day BRCM – break high of the low day LEAP – black candle at 200 DMA…slightly higher high and higher low SHLD – bullish harami in bull flag (see chart) Stocks to Watch on Thursday Leading Stocks Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, APEI, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, PETS, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, MCD, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, NTLS, RBN, RCI, ESRX, PCLN, URE, GILD, AMED, VAR Moving Above 30 DMA = 3 MON, PCR, PPD Moving Below 30 DMA = 0 Staying Below 30 DMA BLUD, DV, ESI, GXDX, STRA, TDG, CPLA, NIHD, SPWRA, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral

Futures Pointing to a Flat Opening...

Markets are in rally mode today following the pattern, we pointed out earlier, of the past four weeks with brief condsolidations of one to two days... Both the NQ +16 and ES +7 futures are forming bullish piercing line patterns, the cash SPX +9 is forming a bullish engulfing pattern and the Nasdaq Composite +26 is moving above Tuesday's high...Let the Trend make you money! BMO - With more than an hour to go before the open ES +1 and NQ +8 are flat to slightly up indicating a near to flat opening. After Tuesday's trading the short term bias is down. It is also wise to keep in mind that the recent four week trend is up and consolidation periods since March 9 have been approximatley two days in length, so we must stay mentally flexible in the event that this pull back is also short lived. (click image to enlarge) (click image to enlarge) See Tuesday's post to see charts on WYNN, X, COV and CELG. At the Open on Wednesday SPY – closed WYNN – followed tombstone doji with a 14% down move X –followed bearish harami with a 7% move down URE – followed bearish harami with a 14% move down NOC – bearish harami close at S1 of Monday’s candle COV – followed spinning with bullish engulfing not an evening star CELG – bear flag broke the low of the high day SNDA – shooting star at lower price target area DECK – doji higher low and higher high at target 1 BIIB – bullish engulfing CTSH – spinning top at low of the high day EBAY – confirmed bearish harami SCHN – doji confirm bearish harami/pennant FCX – shooting star at horizontal resistance BRCM – confirmed hanging man LEAP – spinning top at 200 DMA…low day SHLD – confirmed bearish harami bull flag

Yellow Alert Turns Red...As Stocks Move Lower

DJIA - 186.29, -2.34% SP500 - 19.93, -2.39% NASDAQ Comp. - 45.10, -2.81% Russell 2000 - 15.86, -3.54% Exchange NYSE NASD Advancing 802 675 Declining 2,839 2,058 Oil $49.15 -$1.90 Gold $882.20 +$10.70 SOX 235.90 -9.48 VIX 40.39 -0.54 The VIX moved down and did NOT confirm the move down in the SPX on Tuesday. Strongest Sectors: XLU -0.46%...XLV -1.12%...XLP -1.83% Weakest Sectors: XLB -3.42%...XLE -2.99%...XLF -2.97% Financial stocks stronger than XLF, -2.97%, include: ICE, C, MS, GS, AXP, AOC, ALL, BAC, TRV, CB, CME, AFL, WFC and STT. Leading tech stocks stronger than XLK, -2.78: MSFT, SYMC, TXN, ADBE, HPQ, INTC, GOOG, ADP, and IBM. Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK, XLB Down Trending: XLF, XLP, XLI, XLU Beginning Wednesday April 8 Dave will host Virtual Coaching Options at 11 am to 1 pm ET live during market hours...Bring your market quesitons Yellow Alert started Friday and continued Monday and on Tuesday the selloff began that pushed many stocks below the low of the high day or confirmed short term bearish candle patterns that were on the chart. If you were watching closely today our At the Open list you had the opportunity to take advantage of some stocks that moved nicely today. Check our review and charts below. Once again DJIA volume was light at 276 million shares but with prices falling the tug of war...arm wrestle was won by the sellers. On Tuesday only 16 of the NDX 100 stocks traded above average volume. BIIB volume was +163% above average as the stock moved up 4.96%. 43 of the NDX 100 stocks had volume of 30% to 64% below average. Another light day of trading. Index Commentary The DJIA black candle confirmed Monday’s hanging man with a close below the hanging man body…closed above its 20, 30 and 50 DMA…volume was a below average 276 million The SPX black candle confirmed Monday’s hanging man/bearish harami candle pattern…fell below Thursday’s S1 level to the S2 level…closed above its 20, 30 and 50 DMA The Nasdaq black candle confirmed Monday’s hanging man…made a lower higher and lower low…Tuesday’s low fell into Thursday’s gap up…closed above its 20, 30 and 50 DMA The RUT black candle confirmed Monday’s hanging man like candle…broke through Thursday’s S1 and S2 levels…made a lower high and lower low…closed above its 20, 30 and 50 DMA At the Open on Wednesday SPY – closed WYNN – followed tombstone doji with a 14% down move X –followed bearish harami with a 7% move down URE – followed bearish harami with a 14% move down NOC – bearish harami close at S1 of Monday’s candle COV – followed spinning with bullish engulfing not an evening star CELG – bear flag broke the low of the high day SNDA – shooting star at lower price target area DECK – doji higher low and higher high at target 1 BIIB – bullish engulfing CTSH – spinning top at low of the high day EBAY – confirmed bearish harami SCHN – doji confirm bearish harami/pennant FCX – shooting star at horizontal resistance BRCM – confirmed hanging man LEAP – spinning top at 200 DMA…low day SHLD – confirmed bearish harami bull flag Review of At the Open on Tuesday SPY – closed below the low of the high day WYNN – evening star formed after tombstone doji with a 14% down move X – confirmed bearish harami with a 7% move down URE – followed bearish harami with a 14% move down NOC – bearish harami closed at S1 of Monday’s large white candle COV – followed spinning top with bullish engulfing not a morning star CELG – bear flag broke the low of the high day (click image to enlarge) (click image to enlarge) (click image to enlarge) (click image to enlarge) Stocks to Watch on Wednesday Leading Stocks from List Below Stocks that bounced: BIIB, DLTR, WCG, ALGT, ICE, GME Near 30 DMA: AMX, AXYS, BDX, CHL, CLB, ESRX, EZPW, HANS, MCD, MUR, MYGN, PETS, PWR, RBN, RCI, SLGN, SWN, FAS, URE Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, DLB, JEC, PWR, VPRT, AMZN, USD, AAPL, CTSH, FLS, JOYG, APEI, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, PETS, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, SNHY, EBAY, GES, SNA, ORCL, WRC, DECK, HDB, PCP, UYG, FSLR, GME, WCG, RIMM, X, BDX, BYI, CBST, EZPW, HLF, MYGN, MCD, AMX, MHS, WAB, FAS, AFAM, CHL, JW.A, K, MOS, NTLS, RBN, RCI, ESRX, PCLN, URE, GILD, AMED, VAR Moving Above 30 DMA = 0 Moving Below 30 DMA = 8 BLUD, DV, ESI, GXDX, PCR, PPD, STRA, TDG Staying Below 30 DMA CPLA, MON, NIHD, SPWRA, ACN, PSYS Intermediate Term Market Trend: Neutral Short Term Market Trend: Down