Dow Moves to Six Year Low

DJIA - 89.68, -1.19% SP500 - 9.48, -1.20% NASDAQ Comp. - 25.15, -1.71% Russell 2000 - 6.47, -1.53% Exchange NYSE NASD Advancing 1.132 927 Declining 2,630 1,816 Oil $39.48 +$4.86 Gold $976.10 -$1.60 SOX 196.09 -10.77 VIX 47.08 -1.38 The VIX moved down ad did not confirm the move down in the SPX on Thursday. Strongest Sectors: XLP +1.26%...XLU +0.44%...XLE +0.02% Weakest Sectors: XLF -5.27%...XLK -2.44%...XLI -2.22% Sector Watch Up Trending: Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK Down Trending: XLF The broad stock indices started the day up and moved higher during the first hour of trading. Buyers ran out of power and sellers gained control as stocks returned to the low levels of Wednesday’s low. The DJIA average broke it’s November low and closed at its lowest level in over six years. The SPX closed just below Wednesday’s low and 37 points above its November low. There is a bullish cluster for the second straight day on the DJIA and SPX indicating the potential for a short-term reversal. Options expire on Friday so expect some extra volatility. Three of the nine Sector ETFs finished higher for the day. Financials and technology were the weakest sectors. Banks led by 10%+ drops in PRU, BAC, C, KEY, RF and AFL led XLF lower. HPQ led tech stocks lower with DELL, TXN and INTC also falling. PCLN closed more than $11 higher reporting better than expected earnings Wednesday evening. BIDU which missed estimates by 1 cent reporting $1.31 on estimates of $1.32 closed more than $4 higher. ORLY moved higher on earnings above expectation and AZO moved in sympathy. FOSL and WMT continued moving higher and WFMI attracted more than five times average volume soared 37% or $3.46 on a strong earnings report. Stock Commentary Three bull flag stocks VRTX, AKAM and RYAAY moved higher. Many of the Coal and Steel stocks formed inside days, bullish harami or spinning tops indicating that downward selling pressure is a abating. Oil price rose which helped coal stocks. Rail stocks formed a new low day. Semiconductor stocks a new low day in their recent pullback. Earnings Thursday, Feb 19 AGP +.70 beat +0.56 APA 0.82 below +1.26 CTL +0.88 beat +0.82 CVS +0.70 beat +0.69 DSX +0.72 inline +0.72 EXPE +0.22 below +0.24 GG +0.12 beat +0.11 HOS +1.31 beat +1.05 NBL +0.91 beat +0.79 NEM +0.26 beat +0.25 PDCO +0.45 beat +0.44 PDE +1.13 beat 1.05 RS +1.07 beat +0.61 SPAR +0.09 below +0.11 SFY +0.66 beat +0.54 S -0.01 beat -0.03 TRAD +0.18 inline +0.18 WPI +0.53 beat +0.50 WST +0.56 beat +0.52 WMB +0.35 beat +0.30 XTO +0.68 below +0.78 BUCY +0.88 below+0.92 CECO +0.38 beat +0.20 CYH +0.61 beat +0.60 JCOM +0.45 beat +0.42 OIS +1.75 beat +1.45 OSIP +0.44 below +0.47 RRGB +0.43 beat +0.33 TSO +0.99 beat +0.91 VLCM +0.14 below +0.16 WBMD +0.57 beat 0.18 Numbers exclude non-recurring items Fri Feb 20 BMO – ABX, JCP, LPNT, LOW, Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA NFLX, MYGN, HANS, WRC, GMCR, PCP, GES, MHS, MOS, TDG, BIIB, GPRO, VPRT, AMZN, SLGN, AMED, DLB, PSYS, ESRX, GXDX , BIDU Moving Above 30 DMA = 4 CLB, GME, PCLN, RBN Moving Below 30 DMA = 7 AAPL, APEI, CPLA, CTSH, DV, ESI, VAR Staying Below 30 DMA SYNA, WCG, ATW, BLUD, CHL, FLS, GILD, ICE, JCOM, JW.A, MUR, ORCL, RCI, SWN, GR, MON, SPWRA, FSLR, HLF, EBAY, AMX, STRA, PCR, PWR, RIMM, BDX, BYI, CAM, PPD, ACN, NIHD, SNHY, JOYG, DLTR, K, BKC, JOSB, JEC, PETS, NTLS, BAP, HDB, CBST, DECK, SNA, AFAM, EZPW, WAB, ALGT, AXYS Thursday’s Action (=> +0.70 or -0.70) Moving Up: PCLN, FSLR, CF, MON, GS, PNRA, MOS, AGU, POT Moving Down: STRA, MA, AEM, GDX, GOLD, KRE, BRCM, ZION, HANS, KBE Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT Short Term Market Trend: Down