SPX Closes at 1,116...

DJIA                          10,434.17  +24.71 +0.24%
SP500                         1,116.04    +1.43 +0.13%
COMPQ                       2,307.16  +1.23 +0.05%
Russell 2000                  665.85    -0.28 -0.04%

Exchange                  NYSE              NASD
Advancing                 1,493               1,324
Declining                   1,520               1,294

Oil           $76.79       -0.88
Gold   $1,247.50       +18.20
SOX        372.39       -0.70
VIX            25.05       -0.87

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

The SPX pulled back again on Thursday to 1,105 in another successful test of Tuesday's breakout before rising to close slightly up at 1,116.

Guidance:

Another successful test of Tuesday's breakout found buyers at the 1,105 area. Continue to watch the area of horizontal support and Tuesday's S1 level at the 1,103 to 1,105 area. A break below this area could signal a short term trend reversal and a good time to protect short term bullish profits.

The stocks in our watchlist were mixed for the second straight day but many still had strong moves for the day. Leading stocks CRM, CRUS, NFLX, VMW, UNP, GMCR, CAT, LXK, WMT , SNDK, UNG, BA, HANS, AMX, WFMI and AIV continued to move higher.

Short term support is at 1,103 the S1 level of Tuesday's large white candle.

Trade strong stocks up.

Trade weak stocks down.

The VIX rose -0.87 and closed at 25.05.

The short term 3 day trend is up.
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 +4.62
QCOM +0.63
GOOG -1.19
BIDU -2.34
NDX 100 stocks stronger than the NDX include: FSLR, NVDA, LINTA, LBTYA, ADBE, VRTX, NTAP, ATVI, QCOM, ISRG, AAPL, RYAAY, LOGI, MXIM and DELL.

Stocks weaker than the NDX: BBBY, DTV, EXPE, BIDU, SHLD, JOYG, SPLS, STLD, WCRX, BRCM, NIHD, APOL, GRMN, URBN and MICC.

Stocks to Watch on Friday
Holding Above 30 DMA
TLT, NFLX, SNDK, CMG, VMW, AZO, DECK, SWN, UNG, UAUA, CRM, MHS, CHL, LVS, AIV, AMX, ATI, CLF, HAS, HLF, ICE, MCD, SPG, UNP, LXK, NTRI, GMCR, URE, WFMI, AMD, BA, CAM, CAT, CREE, DE, DHR, DOW, GR, POT, TSL, USD, USO, V, WHR, MA
Moving Above 30 DMA = 1
HANS
Moving Below 30 DMA = 4
ACN, BUCY, WLT, SWK
Staying Below 30 DMA
FAZ, CSTR, ESI, BYI, WMT, ZION, STI, PNC, JEC, GME, HANS, FAS, FLS, PCLN, PCP, ATW, BAC, GES, GS, FCX, X, AGU, IPI, MOS

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