Large White Candle and New High Close...

DJIA + 101.63, +1.21% SP500 + 15.73, +1.74% NASDAQ Comp. + 4.98, +0.28% Russell 2000 + 2.54, +0.51% Exchange NYSE NASD Advancing 2.688 1,549 Declining 1,071 1,213 Oil $56.34 +$2.50 Gold $910.50 +$6.80 SOX 270.61 +1.91 VIX 32.45 -0.91 The VIX moved down and did confirm the move up in the SPX on Wednesday. The VIX closed at its lowest level since September 19, 2008. Strongest Sectors: XLF +7.96%...XLE +3.88%...XLI +1.58% Weakest Sectors: XLV -0.60%...XLU -0.60%...XLB +0.41% Seven of nine Sectors moved higher on Wednesday. Financials, Energy, and Industrials were stronger than the SPX +1.74%. Financial stocks stronger than XLF +7.96% include: ZION, BAC, MET, KEY, C, WFC, PRU, PNC, STT, BK, ALL, SPG, AFL, MMC and ETF’s UYG and FAS. Leading tech stocks stronger than XLK, +0.57% include: ADP, GLW, TXN, AMAT, YHOO and T. Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY Sideways: XLE, XLV, XLF, XLP, XLI Down Trending: XLU Financial stocks were the strongest sector on Wednesday up +7.96%. Financials and Energy stocks led the SPX and DJIA higher. The Nasdaq, SOX and RUT on the other hand were relatively weak. Keep in mind the pattern of the this up trend; one to two thrust day alternating with one to two pause days. Be prepared for a thrust or pause on Thursday. This is still a Yellow Alert for short term traders while intermediate term traders continue with the trend. Coal stocks KOL, ANR, MEE, CNX, JRCC, CLF; gold stocks GDX, GG, GOLD, AEM, NEM; financial stocks ZION, RF, KRE, KBE, NDAQ; solar stocks FSLR, JASO were big movers on Wednesday. Index Commentary – Yellow Alert The DJIA…large white candle new high close above 8500 and horizontal resistance at 8,405…three month chart target 10,340…volume above average at 454 million shares…closed above its 20, 30 and 50 DMA. The SPX…large white candle new high close…3 month chart target of 1,075…closed above its 20, 30 and 50 DMA. The Nasdaq formed a black hanging man above its 200 DMA…closed within six points of short term chart price target of 1,765…3 month chart target of 2,065…closed above its 20, 30 and 50 DMA. The RUT formed a white hanging man …3 month chart target 606…closed above its 20, 30 and 50 DMA Many of the up trending stocks in the At the Open list had bearish candles on Tuesday that did not confirm on Wednesday and moved higher some to a new high close. At the Open on Thursday SPY – hanging man SCHN –white spinning top KOL – large white candle MEE – shooting star SNDA – shooting star ADBE – hammer like EBAY –black spinning top SHLD – black shooting star ISRG – large white candle new high close DHR – black hanging man, above 200 DMA DE – white candle new high close above 200 DMA RIMM – spinning top new high close SPG – large white candle breakout ascending triangle pattern QLD – black hanging man FAS – large white candle Stocks to Watch on Thursday Leading Stocks Holding Above 30 DMA BIDU, CLB, ICE, DLB, PWR, VPRT, AMZN, USD, AAPL, CTSH, AXYS, BAP, CAM, GMCR, JOSB, ATW, GR, SYNA, EBAY, GES, SNA, ORCL, WRC, HDB, PCP, UYG, FSLR, WCG, RIMM, X, BYI, CBST, HLF, AMX, MHS, WAB, FAS, AFAM, JW.A, K, RBN, ESRX, PCLN, URE, VAR, PCR, PPD, HANS, SWN, FLS, SNHY, TDG, NIHD, RCI, STRA, ACN, AMED, EZPW, JOYG, MON, MUR, PSYS, SPWRA, NTLS, CHL, DECK, MOS Moving Above 30 DMA = 1 JEC Moving Below 30 DMA = 5 ALGT, DLTR, GXDX, JCOM, NFLX Staying Below 30 DMA PETS, GME, CPLA, GILD, GPRO, MCD, BDX, CBST, MYGN, DV, SLGN, BIIB, WMT, BKC, APEI, BLUD, ESI Intermediate Term Market Trend: Neutral Short Term Market Trend: Up