SPX Pause as INDU Rises...

DJIA 10,779.17 +45.50 +0.42%
SP500 1,165.83 -0.38 -0.03%
COMPQ 2,391.28 +2.19 +0.09%
Russell 2000 681.61 -2.37 -0.35%


Exchange NYSE NASD
Advancing 1,283 1,159
Declining 1,746 1,530


Oil $82.10 -0.83
Gold $1,127.40 +3.40
SOX 361.64 -2.42
VIX 16.62 -0.29

Index Direction Confirmation
VIX Down No – SPX
SOX Down No – COMPQ

The VIX made it lowest close since May 16, 2008.

Strongest Sectors: XLV +0.68%…XLI +0.68%...XLK +0.13%
Weakest Sectors: XLE -1.49%...XLB -0.71%...XLF -0.57%

Four of nine sectors moved higher on Thursday. Healthcare, Industrials, Technology and Consumer Staples were stronger than the SPX -0.03%.

Sector Watch
Up Trending: XLY, XLI, XLP
Horizontal Breakout: XLF
Sideways: XLE, XLU, XLB, XLK, XLV
Down Trending:

Key Resistance Levels
1,178 = Fib extension
Key Support Levels
1,155 = 1,119 BO chart target – Dec 23
1,145 = 1,133 BO chart target – Dec 31Low
1,125 - 1,133 = 1,075 BO chart target - Sep 08 Low

Guidance:

The SPX closed at 1,165.83 while forming an inside day. Breakout continues t hold with an SPX chart target at 1,255 over about 9 weeks.

The VIX closed lower and did not confirm the slightly lower close on Thursday.

The Dow TRAN, INDU and COMPQ moved higher. Wednesday is still the high day in the broad indexes

Friday is quarterly triple witching expiration of options.

The short term 5-week trend is up.
The four-month trend is up.
The twelve-month trend is up.

Continue to focus on and trade setups on the charts of the stocks you watch trade with the trend and follow your rules.

Adjust your stops according to your rules for up and down trending trades.

AAPL +0.53
QCOM +1.53
GOOG +0.84
BIDU -2.29
NDX 100 stocks stronger than the NDX include QCOM, TEVA, HOLX, BBBY, ERTS, SYMC, EBAY, CHRW, AMGN, ATVI, CTXS, EXPD, BRCM, AMZN, INFY, CTAS, APOL, VRSN, JBHT, RYAAY, NTAP, FLIR, PPDI, LINTA, IACI, ADBE, DTV, GENZ, ESRX, FSLR, CMCSA, GILD, CEPH, CELG, CTSH, HSIC, LIFE, YHOO, INTU, CSCO, URBN, AAPL and CHKP.

Stocks to Watch on Thursday
Holding Above 30 DMA
CBST, DLB, NFLX, BA, UAUA, AGU, CAM, CREE, VPRT, WHR, WLT, BDX, CAT, GR, ICE, PCLN, PCP, SPG, SWK, UNP, USO, V, BAC, DE, DHR, ESI, URE, HANS, JEC, WMT, FAS, GES, GMCR, SNDK, TDG, USD, UYG, X, DECK, MELI, POT, FLS, HDB, HLF, MHS, MYGN, VAR, CGA, IPI, FCX, ATI, MOS, WAB, GS, DOW, AMD, AMX, WFC, ATW, ACN, CEDC, MA, PWRD, ZION, BKC, MCD, ALGT, GME, SYNA, AMED, WCG, STT, K
Moving Above 30 DMA = 1CHL
Moving Below 30 DMA = 1
MOS
Staying Below 30 DMA
FUQI, HEAT, SWN, TSL, BYI, FAZ, UNG, MON

Intermediate Term Market Trend: Up
Short Term Market Trend: Up