SPX Support Holds...Does Not Confirm Hammer...

DJIA                          9,686.48  -46.05  -0.47%
SP500                         1,022.58 -4.79 -0.47%
COMPQ                     2,091.79  -9.57 -0.46%
Russell 2000                598.97  -5.79 -0.96%

Exchange                  NYSE              NASD
Advancing                 1,214                  964
Declining                   1,826               1,694

Oil           $72.14       -0.81
Gold   $1,207.40      +1.10
SOX        331.60       -1.51
VIX            28.52      -1.22

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

Guidance:
The SPX formed an inside day that did not confirm Thursday's hammer.
Thursday's 1,010 support held on Friday.
The VIX did not confirm the lower close in the SPX.
The VIX moved lower for the second day in a row.
A bullish entry would be a support bounce with momentum moving up; a break above the high of the low day or confirmation of Thursday's hammer.

Tighten up stops to protect profits on your short term bearish trades.

If a support bounce fails to appear on Monday, stay with the short term down trend while looking for a potential break above the high of the low day in up trending stocks on Monday.

Trade strong stocks up.
Trade weak stocks down.

The VIX fell -2.74 and closed at 30.12. Volatility stayed above the important 25 level on Friday.

The short term 3 day trend is down.
The two-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 -1.54
QCOM +0.41
GOOG -2.94
BIDU -1.00
NDX 100 stocks stronger than the NDX include: GENZ, BIIB, LOGI, FSLR, CELG, HANS, JOYG, GILD, RYAAY, ERTS, ATVI, ORCL, QCOM, BRCM and SYMC.

Stocks weaker than the NDX: EXPE, APOL, SHLD, PCLN, DISH, NIHD, NTAP, LINTA, DTV, PAYX, EBAY AKAM, CTSH, GRMN and WYNN.

Stocks to Watch on Monday
Holding Above 30 DMA
TLT, CHL, CRUS, NTRI, GMCR, HANS, FAZ, TSL
Moving Above 30 DMA = 0


Moving Below 30 DMA = 4
ACN, HAS, HLF, UNG
Staying Below 30 DMA
USO, AIV, AMX, BA, CAT, CLF, CMF, CRM, DE, DECK, DLR, FFIV, GR, HSY, LVS, MA, NETL, NFLX, NYX, SKX, SNDK, SWN, TIE, UCO, 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, IPI, JEC, GME, FAS, FLS, ATW, BAC, GES, X, AKS, AGU, MOS

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