SPX Breaks 1,040...Falls to 1,030 Support...

Dave will be traveling Thursday morning and will post again Thursday after the close.


The SPX broke 1,040 support and fell to 1,030.  The VIX rose .41 to 34.54.  The two month trend is down.  Next SPX support is 1,000.  Most stocks are now trending down and stay with the trend until the chart gives an exit signal.

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 -4.64
QCOM -0.30
GOOG -9.31
BIDU +0.51
NDX 100 stocks stronger than the NDX include: HOLX, FLEX, BIDU, AMZN, RYAAY, ILMN, FWLT, CEPH, TEVA, INFY, LBTYA, CHKP, XLNX, PAYX and CERN.

Stocks weaker than the NDX: CELG, MRVL, WYNN, ISRG, SBUX, SHLD, AMGN, NVDA, BIIB, STX, LRCX, AMAT, LIFE, MXIM and PCLN.

Stocks to Watch on Thursday
Holding Above 30 DMA
TLT, CHL, CRUS, HAS, NTRI, GMCR, HANS, ACN, FAZ
Moving Above 30 DMA = 0
Moving Below 30 DMA = 2
HLF, USO
Staying Below 30 DMA
AMX, AIV, BA, CAT, CLF, CMG, CRM, DE, DECK, DLR, FFIV, GR, HSY, LVS, MA, NETL, NFLX, NYX, SNDK, SWN, TIE, TSL, UCO, UNG, UNP, V, VECO, VMW, BUCY, FCX, GS, ICE, PCLN, SPG, URE, ZION, UAUA, A, AMD, MCD, LXK, ATI, CAM, DHR, DOW, MHS, PCP, USD, WHR, WLT, CREE, PNC, POT, WFMI, WMT, SWK, CSTR, ESI, BYI, STI, JEC, GME, FAS, FLS, PCP, ATW, BAC, GES, X, AGU, IPI, MOS

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