SPX New High Close...Barely...

Happy Thanksgiving! May each of you and your loved ones have a safe and terrific Thanksgiving Day tomorrow! Good Evening…Thank you for the emails you sent...If you have not yet responded I would love to receive an email from you at chartsignals@yahoo.com on: What features in Chart Signals do you find of greatest interest or value? I am evaluating additional changes and would like to know what you find worthwhile. If you would email me today that would be greatly appreciated. DJIA + 30.69 +0.29% SP500 + 4.98 +0.45% COMPQ + 6.87 +0.32% Russell 2000 - 0.39 -0.07% Exchange NYSE NASD Advancing 2,047 1,233 Declining 960 1,456 Oil $77.96 +1.88 Gold $1,187.00 +21.20 SOX 315.09 +2.59 VIX 20.48 +0.01 The VIX moved up and did not confirm the move up in the SPX on Wednesday. The SOX moved up and did confirm the move up in the COMPQ. Strongest Sectors: XLB +1.62%...XLU +1.15%...XLY +0.97% Weakest Sectors: XLF -0.20%...XLP -0.18%...XLK +0.18% Seven of nine sectors moved higher on Wednesday. Materials, Utilities, Consumer Discretionary, Industrials, Energy and Healthcare were stronger than the SPX +0.45%. Sector Watch Up Trending: XLK, XLB, XLY, XLV, XLP, XLE Horizontal Breakout: XLF, XLI, XLU Sideways: Down Trending: Key Resistance Levels: 1,110 = October High 1,025 - 1,133 = 1,075 BO chart target - Sep 08 Low Key Support Levels 1,087 = Nov 10 Channel low 1,082 = Nov 9 S1 level 1,075 = 875 Breakout Chart Target 1,061 = Sep 16 S1 level 1,056 = Sep 25 R1 level 1,044 = October Horizontal Old Resistance Guidance: The SPX and INDU inched their way to new closing highs on Wednesday. The SPX is still in its horizontal price channel. Trading volume was lighter on Wednesday exactly as expected. Friday is a half trading day, so look for very light volume or do something else for fun. The intermediate term is up and the short term trend is still neutral. We expected traders to be reluctant to short this markets and buyers decided to buy the 1,098 area again. As we said buyers are stepping in at support and sellers take over at resistance in this horizontal channel. Don't be surprised if sellers at the 1,110 area again. Many stocks continued to stay in their recent consolidation as fewer traders were around before Thanksgiving Day. When traders return in full force on Monday, be prepared for a move in either direction. Last year a sell off occurred the Monday after Thanksgiving. Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules. AAPL -0.25 QCOM -0.12 GOOG +2.65 BIDU +6.64 NDX 100 stocks stronger than the NDX include JOYG, WYNN, URBN, ERS, ILMN, STLD, SBUX, GENZ, EXPE, ORCL, SHLD, LINTA, WCRX, NTAP, INFY, CEPH, ORLY, MRVL, BIDU, CTXS, ROST, FSLR, LIFE, ATVI, STX, FLEX, ISRG, CA, XLNX, MICC, SPLS, NVDA, DISH, HOLX, KLAC, BRCM, FAST, LRCX, ISAL, AMZN, VRTX, FISV NWSA, VRSN and CTAS. Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA K, JW.A, DECK, AMZN, SLGN, NFLX, MCD, ICE, DLB, FAZ, RCI, ESRX, MHS, WCG, ALGT, BDX, VAR, ACN, JOYG, CTSH, HLF, AFAM, AMX, GR, SNHY, SYNA, WMT, AAPL, BLUD, DLTR, GILD, HDB, ORCL, WAB, BIDU, EZPW, PCLN, GXDX, PCP, URE, MON, CPLA, MOS, TDG, X, BAP, CHL, BIIB, GME, NTLS, AMX, GPRO, PETS, NIHD, BKC, DV, USD Moving Above 30 DMA = 6 BAP, BYI, FLS, VPRT, EBAY, JOYG Moving Below 30 DMA = 2 DV, RBN Staying Below 30 DMA UYG, SLGN, WAB, ATW, CAM, CLB, SNA, FAS, PWRD, PPD, GES, JEC, JOSB, WRC, GMCR, JCOM, MUR, RIMM, SWN, FAZ, HANS, STRA, TRLG, AMED, FSLR, APEI, PWR, SPWRA, ESI, PSYS, FUQI, CBST, MYGN Intermediate Term Market Trend: Up Short Term Market Trend: Neutral