SPX Stays Above S1...Moves Higher...

DJIA                          10,138.28  +120.71  +1.20%
SP500                         1,070.25     +9.98   +0.94%
COMPQ                      2,175.40    +15.93  +0.74%
Russell 2000                  620.27      +8.61  +1.41%

Exchange                  NYSE             NASD
Advancing                 2,345               1,840
Declining                     694                  792

Oil           $75.44      +1.37
Gold   $1,195.80      -2.80
SOX        347.62      -0.25
VIX            25.71     -1.13

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

Guidance:
SPX formed another higher high and higher low and was above Wednesday's high for most of the day.
The VIX did confirm the higher close in the SPX.
The VIX moved lower for the fifth day in a row.
Breadth was strong as advancers led decliners by more than 2 to 1.

Continue to trade strong stocks up with an entry signal or bounce continuation.
Wait for a new setup to trade weak stocks down.
The VIX fell -1.13 and closed at 25.71. Volatility stayed above the important 25 level on Wednesday.

The short term 3 day trend is up.
The two-month trend is down.
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 -0.57
QCOM +0.55
GOOG +6.36
BIDU +0.06
NDX 100 stocks stronger than the NDX include: PCLN, FWLT, STLD, PPDI, COST, DELL, APOL, LIFE, AMZN, VRSN, VRTX, WCRX, BIIB, CTSH and FAST.

Stocks weaker than the NDX: NVDA, ROST, LRCX, NTAP, URBN, ERTS, MICC, XRAY, ORLY, EXPE, TEVA, AMAT, FISV, MRVL and CA.

Stocks to Watch on Friday
Holding Above 30 DMA
TLT, CHL, CREE, CRUS, GMCR, HANS, TSL, ACN, HSY, AMX, ATW, BUCY, CAT, CRM, DLR, FFIV, FLS, HAS, HLF, MA, NETL, NFLX, PCLN, PNC, TIE, V, VECO, VMW
Moving Above 30 DMA = 8
AGU, BA, CAM, GR, MCD, MOS, NTRI, USO
Moving Below 30 DMA = 1
FAZ
Staying Below 30 DMA
UNG, AIV, CLF, CMG, DE, DECK, LVS, NYX, SKX, SNDK, SWN, UCO, UNP, FCX, GS, ICE, SPG, URE, ZION, UAUA, A, AMD, LXK, ATI, DHR, DOW, MHS, PCP, USD, WHR, WLT, POT, WFMI, WMT, SWK, CSTR, ESI, BYI, STI, IPI, JEC, GME, FAS, BAC, GES, X, AKS

Intermediate Term Market Trend: Down – 2 months
Short Term Market Trend: Up