SPX Inches Higher on Friday...

DJIA                          10,211.07  +38.54 +0.38%
SP500                         1,086.84    +4.76 +0.44%
COMPQ                       2,243.60  +24.89 +1.12%
Russell 2000                   639.79    +9.21 +1.44%

Exchange                  NYSE              NASD
Advancing                 2,232               2,273
Declining                     811                  422

Oil           $73.78       -1.70
Gold   $1,228.90       +8.10
SOX        349.53       +4.84
VIX            28.79       -1.73

Index  Direction      Confirmation
VIX      Down            Yes – SPX
SOX     Up                Yes – COMPQ

The SPX traded in a 50 point range this week closing near its high of the week and forming a bullish weekly candle for the second time in three weeks. The weekly bullish candle did confirm the weekly hammer candle from two weeks ago. This weeks trading does not yet indicate intermediate term up trend but a three week sideways trend bouncing between support and resistance.

A potential intermediate term up trend would be signaled by a break above 1,105 resistance.

(click chart to enlarge)

However while the SPX is in this sideways trend or trading range, there are several individual stocks that we haven highlighted and are up trending.  Check the charts on HSY, DECK, CMG, ILMN, ALK, CAL, UAUA, LCC, NFLX, AKAM, CRM, SWN, ICE, TIE, ABC, SNDK, DTV, VMW, ORLY, AAP, AZO, CRUS, CLF, UNG, BIDU and AAPL.  These are stocks are trading in stronger up trends that the broad indexes.

Guidance:
Trade with the short term up trend while being mindful of the short term horizontal resistance at 1,105 on the SPX.
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 +3.00
QCOM +0.33
GOOG +1.49
BIDU +0.22
NDX 100 stocks stronger than the NDX include: NTAP, GRMN, AKAM, ALTR, VRTX, HOLX, MSFT, ERTS, MRVL, GILD, ILMN, NVDA, ORCL, IACI and CELG.

Stocks weaker than the NDX: BIIB, FSLR, LOGI, STX, PAYX, SPLS, DISH, CERN, URBN, ADP, JOYG, BBBY, ROST, COST and DTV.

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

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