SPX Gaps Lower, Closes Higher, Makes New Low Day...

DJIA              10,319.95   -58.88   -0.57%
SP500             1,083.61     -5.86   -0.54%
COMPQ           2,163.57   -18.36   -0.83%
Russell 2000      616.98     -3.41   -0.55%

Exchange      NYSE    NASD
Advancing     1,294     1,058
Declining       1,730     1,581

Oil                $75.74     -2.28
Gold         $1,214.80  +17.30
SOX              325.75     -4.31
VIX                 25.73    +0.34

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

Leading stocks on Thursday included LVS, NFLX, IPI, MOS, PCLN, POT, AGU, GES, CHL, TIE, WLT, WFMI, MHS, CRUS, FAZ, UAUA, BYI, AMD, CLF, MA, SKX, MCD, FCX, DLR, ZION, CAM, DE, NYX, HANS, GS, AMX

The SPX opened lower and made its low of the day during the first 10 minutes of trading and moved 10 points higher before closing at 1,083. Today is a new low day with a higher close than open and a potential reversal day. Watch for a break above the high of the low day on Friday.

NFLX continued to move higher with a horizontal breakout. Its new breakout chart target is 160 with within 3 to 8 weeks.

LVS, PCLN, CHL, AKAM, POT, MOS, AGU and IPI gave bull flag entry signals on Thursday with a break above the high of the low day.

Support Bounce Setups for Friday: NYX, GS, DE, FLS, GES, GME, PCP, SWK, BUCY, FFIV, HAS, CRUS, GMCR, HLF, CAT, CRM, VMW, MCD, X, WMT, WLT, FCX, GR, URE, UNP, SPG, CLF, CMG, LXK, CAM, UAUA, CAL, TIE, DLR, UPS, FDX,

Stay focused on and trade according to the chart.

Guidance: 
SPX
Resistance: 1,086, 1,100, 1,115
Support: 1,071, 1,056

Enter strong stocks up with a bounce off support and a break above the high of the low day.

Exit bearish trades with a break above the high of the low day according to your rules.

The VIX rose +0.34 to 25.73 confirming Thursday’s move down.

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 +1.60 – piercing line
QCOM -1.12 – inverted hammer at gap support
GOOG +0.27 – white candle low day
BIDU -1.58 – spinning top low day in bull flag
NDX 100 stocks stronger than the NDX include: AKAM, PCLN, AMGN, WCRX, EBAY, ORLY, VRTX, BIIB, ESRX, SRCL, CEPH, TEVA, CELG, NIHD and CMCSA.

Stocks weaker than the NDX: CSCO, NTAP, FLEX, ALTR, XLNX, IACI, RIMM, ORCL, QCOM, BRCM, SHLD, STX, LLTC, FLIR and APOL.

Stocks to Watch on Friday
Holding Above 30 DMA
TLT, CRUS, GMCR, HANS, BUCY, CAT, CRM, HLF, PCLN, AGU, MCD, DE, GS, IPI, MOS, POT, FCX, FLS, GES, PCP, WLT, WMT, X, SWK, CHL, CLF, FFIV, GR, LVS, SPG, UNP, URE, CMG, HAS, NYX, LXK, MA, NFLX, FAZ
Moving Above 30 DMA = 0


Moving Below 30 DMA = 5
ACN, BA, GME, TSL, VMW
Staying Below 30 DMA
A, AIV, AKS, AMX, ATI, CAM, CREE, CSTR, DECK, DHR, DOW, FAS, RMBS, SNDK, STI, TIE, UAUA, UCO, USO, V, DLR, ICE, USD, PNC, SWN, ZION, UNG, VECO, WFMI, NETL, SKX, AMD, BYI, JEC, NTRI, ESI, HSY, BAC, MHS, WHR

Intermediate Term Market Trend: Neutral
Short Term Market Trend: Down