Markets Continue to Rally...

Thank you everyone who has participated...we have reached Valid Sample Size! We will begin to aggregate the data this weekend when I return from my present trip...the larger the sample size the better...so if you have not shared your thoughts and would still like to contribute...you still have a chance... Take a moment now to email me at chartsignals@yahoo.com and tell me: What information in Chartsignals do you find useful right now? Once again, the benefit of taking a moment is that I won’t delete something that is useful to you and I will delete information that is not that useful…and Chartsignals will become a more effective and efficiently delivered source of what I see and what I’m thinking every day…I do appreciate everyone that has helped me help you…Dave DJIA + 90.88, +1.23% SP500 + 16.23, +2.09% NASDAQ Comp. + 29.11, +1.99% Russell 2000 + 14.04, +3.48% Exchange NYSE NASD Advancing 3,045 1,977 Declining 740 790 Oil $48.14 -$1.02 Gold $889.10 -$27.70 SOX 228.52 +7.61 VIX 40.80 -2.94 The VIX moved down and did confirm the move up in the SPX on Wednesday. The VIX hit its lowest level since Jan 28. Strongest Sectors: XLF +10.02%...XLU +3.25%...XLY +3.16% Weakest Sectors: XLP -0.52%...XLV +0.17%...XLE +1.01% Sector Watch Up Trending: Sideways: XLE, XLY, XLV, XLK Down Trending: XLF, XLP, XLI, XLB, XLU Eight of nine Sectors moved higher. Once again the Financial Sector XLF led the market higher and rose +10.02%. Leading financial stocks which gained 10.1%+ included: AFL, C, BAC, RF, MET, PRU, WFC, BK, STT and PNC. The SPX have now moved to its 61.8% Fib retracement...if you have access to last Thursday's Active Investor Talk, I would encourage you to review the first part where I showed the how to evalute the market if it rose to 38.2%, 50% and 61.8%% Fib retracement...while it is never possible to know where the market will go, as I stated last week the 38.2%, 50% and 61.8% levels are the high probability retracement areas. Wedndesday has become the new high day. This market is the very reason I teach, repeat over and over again and even almost plead with you to stay with the trend as long as it is continues...if you have been following Quick Draw McGraw and their fast exits because they don't understand trend and they want to impress you with being right and taking 9%, 12% and other small gains...I ask you this question; How much money have you missed out on? These reason this is important is because this is not the last trend you will miss out on with that type of trade logic... You will likely miss out on most of the ones in the future too...because of the weakness in the reasoning process... Dave's Insight: You see...people don't know what they don't know... Index Commentary The DJIA formed a hanging man with upper shadow candle that broke through its 30 DMA and rose to its 61.8% Fib, another high day. The SPX formed a large white candle…broke through its 61.8% Fib Retracement (Feb 9)…rose to its 50 DMA and pulled back slightly…another new high close. The Nasdaq which has been the strongest of the broad indices broke through both its 50 DMA and its 61.8% Fib retracement (Feb 9) before sellers formed an upper shadow on Wednesday’s candle…a new high day. The RUT formed another large white candle that rose to its 61.8% Fib retracement (Feb 8)…broke through its 30 DMA…near its 50 DMA…a new high day…Isn't it interesting how the RUT rose right to 61.8% before the rally paused? At the Open on Thursday SPY – large white candle makes higher high…pause at 50 DMA and 61.8% Fib BA – hanging man confirms Tuesday’s hanging man but not Monday’s shooting star WHR – does not confirm Tuesday’s hanging man-like pattern…support bounce white candle close above 30 DMA BDK – does not confirm Tuesday’s hanging man-like pattern…close above 30 DMA DE – forms hanging man at 30 DMA WYNN – hanging man after piercing line close below high on Friday ADS – small spinning top…close above 30 DMA…below Monday high DECK – large white candle close above 30 DMA VNO – large white candle after piercing line…close above 30 DMA SPG – large white candle confirms bullish harami…close above 30 DMA…below Friday’s high FWLT – doji/hanging man in four day consolidation at 30 DMA Stocks to Watch on Thursday Leading Stocks: Holding Above 30 DMA BIDU, CLB, BKC, NFLX, DLTR, HANS, ICE, ALGT, MOS, DLB, JEC, PWR, VPRT, AMZN, MON, AAPL, CTSH, FLS, JOYG, AMX, APEI, AXYS, BAP, CAM, GMCR, GPRO, JCOM, JOSB, MUR, PCLN, PETS, WMT, ATW, GR, BIIB, SLGN, SWN, SYNA, ACN, SNHY, EBAY, UYG Moving Above 30 DMA = 12 BLUD, DECK, GES, HDB, NTLS, PCP, PPD, RBN, RCI, SNA, FAS, MCD Moving Below 30 DMA = 1 MYGN Staying Below 30 DMA FSLR, GME, WRC, CPLA, ESRX, PSYS, CHL, GILD, MHS, TDG, SPWRA, AMED, GXDX, DV, ESI, VAR, WCG, JW.A, MUR, ORCL, HLF, STRA, PCR, RIMM, BDX, BYI, NIHD, K, CBST, AFAM, EZPW, WAB Wednesday’s Action (=> +$0.70 or -$0.70) Moving Up: GS, AEM, NEM, PNRA, FSLR, GDX, GLD, GG, GOLD, SCHN, NUE, KBE, X, KRE, NIHD, V, MOM, ZION, RF, INFY, Moving Down: SOHU, MA, PCLN, ESRX, HANS Intermediate Term Market Trend: Neutral – Nasdaq, RUT Down – DJIA, SPX Short Term Market Trend: Up