SPX Pulls Back...Stays Above Support...

DJIA                           10,136.63  -122.36 -1.19%
SP500                           1,089.41    -13.65 -1.24%
COMPQ                        2,257.14    -20.64 -0.91%
Russell 2000                    661.61     -8.90 -1.33%

Exchange                  NYSE              NASD
Advancing                     972                 861
Declining                   2,086               1,829

Dave's Insight: Continue to Follow Your Rules.


Guidance:
The SPX formed a black candle that retraced to the S1 level of Thursday's large white candle before closing at 1,089.41. The S2 level is 1,074. If support holds look for the support bounce to continue in the up coming week. If support breaks trade to the downside.

NFLX, DECK, AAPL, ORLY, BRCM and SNDK traded strong while PCLN, RIMM and NIHD traded weak.

Trade strong stocks up.

Trade weak stocks down.

The VIX rose +2.39 and closed at 32.07.

The short term trend is neutral.
The six-month trend is neutral.
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 of the chart and follow your rules.

AAPL +3.53
QCOM +0.00
GOOG -4.83
BIDU -0.29
NDX 100 stocks stronger than the NDX include: GRMN, AAPL, SRCL, ORLY, AMGN, PPDI, CHKP, BRCM, VRTX, VRSN, CEPH, INTU, ATVI, LBTYA, QCOM, APOL, ORCL, IACI and LRCX.

Stocks weaker than the NDX: LINTA, PCLN, NIHD, SYMC, JOYG, GENZ, FSLR, FLEX, NVDA, ISRG, EBAY, YHOO, EXPE, CSCO, NWSA, STX, LLTC, STLD, FAST, DISH, BIIB, XLNX, FWLT, RIMM, MICC, TEVA, KLAC, INTC, PCAR, LOGI, CERN and ROST.
Stocks to Watch on Monday
Holding Above 30 DMA
EXBD, NTRI, FAZ, NFLX, SNDK, OSTK, AZO, WFMI, ATI, CRM, DECK, HAS, LVS, LXK, SYNA, UNG, WHR
Moving Above 30 DMA = 0

Moving Below 30 DMA = 3
DE, ICE, UAUA
Staying Below 30 DMA
ESI, BYI, DHR, GR, MCD, WMT, ZION, STI, PNC, AIV, HLF, AMD, CAT, CREE, SPG, SWK, UNP, URE, WFC, BA, JEC, CHL, GME, HANS, ACN, MYGN, AMX, DOW, FAS, FLS, PCLN, PCP, TSL, USD, USO, UYG, ATW, BAC, GES, MA, V, CAM, SWN, BUCY, WLT, CLF, MHS, WCG, GMCR, GS, FCX, X, PWRD, AGU, IPI, POT, MOS

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Neutral