Back to the Present...SPX at Resistance...Be Prepared...

DJIA            10,674.98  -5.45 -0.05%
SP500           1,125.81  -1.43 -0.13%
COMPQ        2,293.57 -10.51 -0.46%
Russell 2000    662.96  -7.30 -1.19%

Exchange       NYSE    NASD
Advancing      1,282        886
Declining        1,744     1,762

SOX      352.44   -2.27
VIX         22.10   -0.10

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

Leading stocks on Wednesday included PCLN, GES, POT, IPI, NFLX, DOW, MOS, TSL, CSTR, TIE, AGU, FAZ, CAM, CAT, BYI, SWN, DHR, UNP, NYX, DE, A, STI, WFMI, CHL, LXK, PCP

On Thursday the SPX formed a doji with a lower shadow while holding at the 1,120 to 1,130 resistance level. No horizontal break out yet.

Follow your rules and be prepared for a potential pull back or a breakout. Stay focused on and trade according to the chart.

Unemployment numbers will be out on Friday and likely will be the catalyst for whichever direction stocks move in the short run.

Dave is traveling back from the future today and will post Friday evening...