The Big Wedding Day Came and We Had an Amazing Time...I Hope You Had a Great Day also...

The RUT and COMPQ led the broad indexes higher...the short term trend is still up and is at the horizontal resistance of the intermediate term trend.  Last Friday I said in the Weekly Wrap that if the recent trading pattern continued that this week might see one large day up and then more narrow trading for the other days...so far that pattern in occurring

(click image to enlarge)

Exchange     NYSE     NASDAQ
Advancers    1,593         1,478
Decliners      1,417         1,065

(click image to enlarge)

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

Leading stocks on Wednesday included MA, NETL, RVBD, GMCR, TBT, SINA, V, LXK, ESI, IPI, CSTR, VECO, SKX, LVS, URE, BUCY, STI, MHS, ATW, UNG, WFMI, FAS, SPG, DECK, HAS, MCD, FDX, VOD, A, RMBS, BYI, CMG, ICE, WHR, SNDK, FFIV

Losing stocks included AKS, CREE, NFLX, UCO, X, ATI, MOS, NTES, CRUS, FAZ, TLT, USO, AGU, SWN, POT, CRM, PNC, PCLN, VMW, AMD, UNP, SWK, CHL, PCP, CAM, GR, HANS

 
Today was my daughter's wedding.  A congratulations and I love you go out to her and her husband!

A special thank you to all of you that attended.  Thank you for sharing this special day with us.

This will be the extent of my commentary today...just be mindful of the trend and the resistance areas as well as watch for the potential break of the low of the high day on Thursday.  Otherwise stay with the trend on the stocks you are trading.

SPX
Resistance: 1,130, 1,148
Support: 1,115, 1,100, 1,086

Look to enter bullish trades with a breakout of horizontal resistance or a bounce off support and a break above the high of the low day. There are numerous stocks in our list that have already broken resistance and have paused or pulled back over the past one to three trading days.
 
Wait to exit short term trades according to your rules with a break below the low of the high day. Wait on bearish entry signals for a bounce down from resistance or a break of the low of the high day.

The VIX rose +0.54 to 22.10, and is still below the 25 benchmark level.

The short term 3 day trend is up.
The three-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    +2.16 - white candle
QCOM +0.87 – large white candle
GOOG  +0.21 – spinning top does not confirm potential shooting star
BIDU    -0.03 – spinning top does not confirm potential shooting star

NDX 100 stocks stronger than the NDX include: RYAAY, YHOO, ISRG, STX, NTAP, FLEX, NIHD, QCOM, ILMN, APOL, LRCX, AKAM, ADP, PDCO and WCRX.

Stocks weaker than the NDX: LOGI, CTSH, PCLN, FSLR, MRVL, EXPE, CTXS, DELL, AMAT, TEVA, HANS, INFY, MXIM, VRTX and ATVI.

Stocks to Watch on Thursday
Holding Above 30 DMA
HANS, HLF, PCLN, RVBD, AGU, MCD, POT, FFIV, LVS, NFLX, VMW, CMG, CRM, TSL, CLF, FCX, SINA, SPG, VOD, AIV, BUCY, CAM, DE, DHR, DLR, DOW, NYX, PCP, SWK, UNP, UPS, URE, WLT, WMT, A, BYI, GMCR, HAS, IPI, JEC, LXK, AKS, CAT, ICE, BAC, FAS, FDX, FLS, GS, MHS, ATW, STI, ACN, ATI, AMX, GES, PNC, RMBS, ZION, NDAQ, UAUA, USD, VECO
Moving Above 30 DMA = 4
DECK, MA, NETL, TBT
Moving Below 30 DMA = 5
NTES, TLT, UCO, USO, X
Staying Below 30 DMA
CHL, GR, HSY, V, FAZ, CSTR, GME, SNDK, BA, CRUS, CREE, TIE, SWN, UNG, WFMI, SKX, AMD, NTRI, ESI, WHR

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