SPX Pullback After New Intra-day High...

DJIA - 86.53 -0.83% SP500 - 9.32 -0.84% COMPQ - 11.89 -0.54% Russell 2000 - 7.31 -1.23% Exchange NYSE NASD Advancing 1,066 866 Declining 1,958 1,825 Oil $76.46 -0.14 Gold $1,217.40 +5.40 SOX 328.44 +3.75 VIX 22.46 +1.37 The VIX moved up and did confirm the move down in the SPX on Thursday. The SOX moved up and did NOT confirm the move down in the COMPQ. Strongest Sectors: XLU +0.33%...XLK +0.05%...XLI -0.47% Weakest Sectors: XLF -2.05%...XLB -1.61%...XLE -1.61% Two of nine sectors moved higher on Thursday. Utilities, Technology, Industrials, Healthcare, Consumer Discretionary and Consumer Staples were stronger than the SPX -0.84%. Sector Watch Up Trending: XLK, XLB, XLY, XLV, XLP, XLE Horizontal Breakout: XLF, XLI, XLU Sideways: Down Trending: Key Resistance Levels: 1,110 - 1,113 = 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 is in a short term neutral trend that pulled back from resistance closing at 1,099.92. The SOX moved higher on Thursday following the breakout of its symmetrical triangle which suggests continuation of its current move up. LRCX and KLAC had a strong move up for the second day in a row. MRVL gapped up after reporting earnings Thursday afternoon. Continue to focus on and trade setups on the charts of the stocks you watch and follow your rules. AAPL +0.25 QCOM -0.43 GOOG -1.77 BIDU -6.83 NDX 100 stocks stronger than the NDX include: CMCSA, KLAC, FSLR, LRCX, RYAAY, VRTX, MCHP, GRMN, MXIM, DTV, EXPE, NVDA, INTC, LLTC, AMAT, LBTYA, HSIC, VRSN, JNPR, ISRG, URBN, MSFT, AAPL, ADSK and MRVL. Stocks to Watch on Friday Leading Stocks Holding Above 30 DMA K, JW.A, AMZN, SLGN, NFLX, MCD, DLB, RCI, ESRX, MHS, WCG, ALGT, BDX, VAR, ACN, CTSH, HLF, AFAM, AMX, GR, SNHY, SYNA, WMT, GILD, HDB, ORCL, WAB, BIDU, EZPW, PCLN, GXDX, PCP, MON, MOS, TDG, X, BIIB, NTLS, AMX, PETS, NIHD, VPRT, PSYS, EBAY, URE, BLUD, DECK, GES, GPRO, USD, WRC, BAP, BKC, CBST, MYGN, SNA Moving Above 30 DMA = 2 FAZ, FSLR Moving Below 30 DMA = 6 CLB, CPLA, DLTR, ICE, JOSB, UYG Staying Below 30 DMA JOYG, PWRD, AAPL, GME, FAZ, BYI, CHL, FLS, DV, RBN, SLGN, WAB, ATW, CAM, FAS, PPD, JEC, GMCR, JCOM, MUR, RIMM, SWN, HANS, STRA, TRLG, AMED, FSLR, APEI, PWR, SPWRA, ESI, FUQI, Intermediate Term Market Trend: Up Short Term Market Trend: Neutral