What Kind of Weak Whimpy Support Bounce is This?

DJIA + 58.42, +0.69% SP500 + 7.66, +0.84% NASDAQ Comp. - 0.34, -0.02% Russell 2000 + 2.45, +0.48% Exchange NYSE NASD Advancing 1,743 1,421 Declining 1,255 1,260 Oil $71.37 +$0.34 Gold $934.00 -$1.40 SOX 261.27 -4.89 VIX 30.03 -1.51 The VIX moved down and did confirm the move up in the SPX on Thursday. Strongest Sectors: XLF +2.41%...XLU +2.25%...XLV +1.92% Weakest Sectors: XLK -0.44%...XLE -0.38%...XLY -0.30% Six of nine sectors moved higher on Thursday. Financials, Utilities, Healthcare, Consumer Staples and Materials were stronger than the SPX +0.84%. Financial stocks stronger than XLF +2.41%: KEY, BAC, JPM, MET, PNC, PRU, ICE, STT, AFL, WFC, NTRS, ALL and ETFs UYG and FAS. Leading tech stocks stronger than XLK -0.44% include: EMC, ORCL, AMT, VZ, GLW, QCOM, HPQ, AAPL, EBAY, ADBE, T, GOOG and TXN. Sector Watch Up Trending: Horizontal Breakout: XLB, XLK, XLY, XLE Sideways: XLV, XLF, XLP, XLI, XLU Down Trending: SPX Key resistance levels: 920 - 930 = horizontal 944 – 956 = January/June horizontal 962 = 161.8% Fib extension Key support levels: 910 = 200 DMA 890 = 50 DMA 875 = horizontal What kind of weak whimpy support bounce is this? Oh, don't get me wrong there was good news today. What you say? Total jobless claims fell by 148K, the largest drop in seven years. The DJIA and SPX reversed course and rose today. The number of advancing stocks increased for the third straight day. The VIX fell. The Financial sector was the strongest sector as six of nine sectors rose. And there was weak news. The Nasdaq and SOX indices fell not a good sign for a strong rally. Volume was light. The SPX ran into resistance at 921 and pulled back three plus points during the last hour before the close. This rally just didn't have broad strength. This may be due ot options exipration Friday with quadruple witching. Whatever the cause it was a step in the up direction and we'll look for potential follow through on Friday. At the Open on Thursday SPY – white spinning top USD – black candle FAS – bullish harami FAZ – large black candle UNG – bearish engulfing AAPL – inverted hammer AMZN – black spinning top BIDU – black spinning top DECK – black spinning top GES – black spinning top JOYG – doji SYNA – doji CTSH – black candle FLS – hammer NFLX – hanging man MHS – large white candle DDS – black spinning top inside day WYNN –black candle JOSB – black spinning top APOL – white spinning top GS – bullish harami Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA BIDU, ICE, VPRT, BAP, GMCR, GR, HDB, K, PCLN, VAR, PCR, PPD, FLS, NIHD, JOYG, CHL, DV, AXYS, CPLA, SYNA, X, MCD, BDX, AAPL, GXDX, ORCL, RBN, USD, WRC, DECK, CPLA, JEC, MYGN, AMZN, DV, STRA, BLUD, GILD, JW.A, ACN, APEI, BIIB, PSYS, CBST, ESI, ESRX, JCOM, MHS, NFLX, SNHY Moving Above 30 DMA = 5 ATW, BYI, HLF, PCP, SLGN Moving Below 30 DMA = 2 FAZ, SWN Staying Below 30 DMA MUR, RIMM, SPWRA, AMX, ATW, BYI, CAM, CLB, GES, MOS, PWR, SLGN, CTSH, EBAY, FAS, MON, PCP, RCI, SNA, TDG, TRLG, URE, UYG, DLTR, EZPW, WAB, FSLR, WCG, WMT, DLB, JOSB, AFAM, NTLS, HANS, AMED, PETS, ALGT, GME, GPRO, BKC Intermediate Term Market Trend: Neutral Short Term Market Trend: Neutral