Mixed Economic Reports and Futures Flat

At 11:52 ET on Tuesday we alerted you to SPX resistance at 715 and 745...Tuesday the SPX went to 715 and took a four hour rest before pushing through just before the close...today the SPX rises to 745 before taking a breather...does this resistance stuff really work or it like Dave says..."it's accidential, but isn't it amazing how the accident keeps happening over and over and over again..." BMO – SP and Nasdaq Futures are essentially flat shortly before the open in pre-market trading pointing to a flat…awaiting the open to see if stocks break the support of Wednesday's low or continue the bounce. Jobless Claims came in at 654,000 above the forecast of 645,000 and Retail Sales fell -0.1% against forecast of -0.5%. We'll be watching our lists for potential entries and exits... At the Open on Thursday Counter Trend SPY – formed a spinning top high day, potential bear flag NSC – formed a spinning top high day, potential bear flag SCHN – formed a spinning top high day, potential bear flag Up Trend HANS – gapped up and pulled back to the horizontal resistance for a second day CF – followed Tuesday’s support bounce in bull flag by breaking through resistance and rising another 6.09% CERN – resistance and 200 DMA breakout AKAM – bull flag support bounce Sideways Trend OSIP – spinning top, potential high day RE – hanging man, potential high day FWLT – sellers at 20 DMA SOHU – at resistance, breakout or bounce down Down Trend ISRG – bearish engulfing pattern LZ – did rose to 20 DMA in bear flag pattern, rose 3.69% ADS - rise to 20 DMA in bear flag pattern, rose 4.74% BA - spinning top in bear flag, rose 0.79%