SPX Regains Wednesday's Losses...

What a day...a great day in the market and a very busy day...a total of almost 7 hours in three different webcasts starting at the market open and finishing in the evening...Thursday's post is coming... There was an server issue last night with the posting feature...it is fixed so here is the post... DJIA + 131.95 +1.33% SP500 + 11.51 +1.06% COMPQ + 14.56 +0.68% Russell 2000 + 8.27 +1.37% Exchange NYSE NASD Advancing 2,046 1,692 Declining 992 1,004 Oil $81.19 -0.18 Gold $1,058.00 -5.90 SOX 326.84 +4.17 VIX 220.69 -1.53 The VIX moved down and did confirm the move up in the SPX on Thursday. Thursday was a new 52 week low in the VIX. The SOX moved up and did confirm the move up in the COMPQ. Strongest Sectors: XLF +2.96%...XLY +1.32%...XLB +1.19% Weakest Sectors: XLP +0.17%...XLU +0.23%...XLE +0.39% All nine sectors moved higher on Thursday. Financials, Consumer Discretionary, and Materials were stronger than the SPX +1.06%. Financial stocks stronger than XLF +2.96%: PNC, TRV, KEY, CB, MS, WFC, BK, ALL, ZION, AXP, USB, MET, PRU, TROW, MMC and ETFs UYG and FAS. Tech stocks stronger than XLK +0.47%: TXN, DELL, ADP, MA, IBM, INTC, ADBE, CSCO, AMAT, ORCL, SYMC, T, GLW and GOOG. Sector Watch Up Trending: XLK, XLB, XLY, XLV, XLP, XLE Horizontal Breakout: XLF, XLI, XLU Sideways: Down Trending: Key Resistance Levels: 1,100 = September 2008 Old Support 1,133 = Mid September 2008 Support Key Support Levels 1,075 = 875 Breakout Chart Target 1,061 = Sep 16 S1 Level 1,056 = Sep 25 R1 level 1,044 = October Horizontal Old Resistance 1,025 = 950 Breakout Chart Target The SPX recovered Wednesday loss as price stayed inside the current horizontal flag pattern. PNC, GR, TRV, MMM, BDK, DOW and RTN moved higher after releasing earnings. After the close, AMZN reported earning of 45 cents vs. estimate of 33 cents. In after-hours trading AMZN gained more than $13 or +15%. Thursday’s Key Earnings: T, BDK, BMY, CELG, CNX, DHR, DO, EMC, GR, MCD, MMM, MRK, PNC, RTN, SGP, DOW, TRV, UNP, UPS, AMZN, AXP, BRCM, DECK, NFLX, NIHD, POT, ALK, BUCY, BNI, CA, CMG, JNPR, SYNA, LCC, WDC Friday’s Key Earnings: MSFT, WHR, SLB, HON, IVZ Guidance: The intermediate term trend is up while the short term trend is neutral in its short term horizontal flag pattern. The SPX bounced from support up to resistance. Wednesday is still the high day for the SPX, COMPQ and INDU. The SPX, COMPQ and INDU are still on Yellow Alert. Continue to watch for a potential break below Wednesday’s low for a short term exit signal. Many stocks formed bullish candle patterns, bull flags and support bounce moves. Check the charts you are trading for potential entry signals and any short term exit signals. Follow your rules. Breakout: MA, DE, FLIR, PCLN, CAT, ADSK, AAPL, JOYG, BUCY, FLS, AKAM, CAM, FCX, JCG, GOOG, NWSA, ADBE, AGU Potential Breakout Setups: AMZN, BDK, NKE, DOW, HANS, DD, POT, ORCL, WLT, WHR, APOL, AXP, V, BIDU Pulling Back: AMX Potential C Patterns: C Pattern Breakout: Lower Close in Support Bounce: FWLT, XLNX, MRVL, X, TXN Flag Setups and Bounces in Progress: TXN, SPG, ZION, FAST, BAC, INTC, JEC, JCI, NTAP, FSLR, AGCO Potential Down Trend Setups: HOLX, STT, RIMM, MYGN, MON, LVS, WYNN AAPL +0.28 QCOM -0.33 GOOG +2.99 BIDU +9.68 NDX 100 stocks stronger than the NDX include: SHLD, CHKP, STX, URBN, OLGI, PPDI, LRCX, IACI, GENZ, CEPH, CMCSA, ISRG, HOLX, KLAC, RIMM, ROST, WCRX, CELG, BIDU, BBBY, CA, NTAP, INTU, LBTYA, CERN, DELL, WYNN, ADP, BIIB, ALTR, SBUX, JNPR, HANS, XLNX, FSLR, BRCM, INTC and PDCO. Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA CTSH, AAPL, PCLN, TDG, CLB, ESRX, NIHD, K, FLS, GXDX, BIDU, HDB, JW.A, ATW, EZPW, JOYG, TRLG, GPRO, PPD, DECK, VPRT, AMZN, GMCR, ACN, SLGN, FSLR, NFLX, HANS, DV, STRA, MCD, CPLA, HLF, SWN, AFAM, CAM, GES, ICE, AMX, APEI, BLUD, MUR, SPWRA, BYI, MHS, SNA, BKC, WMT, DLB, MOS, WAB, MON, X, ORCL, FSLR, ALGT, RBN Moving Above 30 DMA = 11 AMED, JEC, JOSB, PCP, PWR, RCI, VAR, WRC, GR, FAS, UYG Moving Below 30 DMA = 3 ESI, EBAY, PWRD Staying Below 30 DMA BAP, CHL, GILD, URE, USD, DLTR, GME, SNHY, URE, PETS, WCG, MON, X, PSYS, NTLS, PPD, FAZ, BDX, BIIB, JCOM, FUQI, CBST, RIMM, MYGN, SYNA Intermediate Term Market Trend: Up Short Term Market Trend: Neutral