GOOG Rises 49.07 After the Close...

INDU         11,094.57   -1.51  -0.01%
SPX            1,173.81   -4.29 -0.36%
COMPQ      2,435.38   -5.85  -0.24%
RUT               704.69   -1.78  -0.25%

Exchange    NYSE NASDAQ
Advancers   1,208    1,206
Decliners     1,761    1,447

Oil             $83.36  -0.34
Gold     $1,373.00 +2.00
SOX          354.83  -0.83
VIX               9.88 +0.81

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

Leading stocks on Thursday included HANS, FAZ, TBT, VMW, PCLN, CREE, VOD, MCD, GES, GMCR, UPS, WFMI, MA, HLF, NYX, NETL, LVS, ACN, CHL, V, DECK, NTRI, HSY, CMG, ATW, RVBD, CRM

Losing stocks included GME, ESI, BAC, STI, FAS, UAL, SNDK, WHR, AKS, SKX, X, GME, MOS, PNC, ZION, GS, TIE, CAM, DOW, TLT, JEC, SWK, NFLX, FFIV, AMD, SINA, PCP, WMT, ATI, POT, NDAQ, CLF, UNP, MHS, FLS, AIV, BUCY, WLT, BYI, CRUS, AGU, UCO, URE, SWN, IPI, CAT, DHR, VECO, USO, AMX, SPG, USD

Interest rates rose, bonds moved down, the EURO rose, the SOX closed fractionally lower and the VIX closed higher +0.81 at 19.88.

Seven of nine sectors moved lower led by Financials XLF -1.78%. Bank stocks led XLF lower over concerns that foreclosures would impact bank earnings.

Decliners led advancers 1.45 to 1 on the NYSE.

SPY traded 217.5 million shares.

After rising for four straight days the SPX fell four points and formed a hanging man candle and bearish harami. After the close GOOG reported earnings of 7.64 vs. consensus of 6.67 on better than estimated revenues. GOOG rose 49.07 in after-hours trading on 2.462 shares. GOOG traded 6.634 million shares during market hours.

APOL fell after earnings and lower guidance and analyst downgrades. Other educational stocks CECO, COCO, ESI and STRA fell in sympathy. NIHD moved lower on analyst downgrade.

Friday Earnings: GE

SPX
Resistance: 1,182, 1,190
Support: 1,170, 1,148, 1,130

Enter bullish trades with a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Wait to take bearish entry signals for a bounce down from resistance or a close below of the low of the high day.

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 +2.17 – spinning top does not confirm potential tombstone doji
QCOM -0.28 – doji
GOOG -2.37 – black spinning top
BIDU -1.75 – black spinning top

NDX 100 stocks stronger than the NDX include: HANS, YHOO, FSLR, PCLN, VRTX, EBAY, ATVI, NTAP, CMCSA, DTV, DELL, EXPD, HOLX, ORLY and CHRW.

Stocks weaker than the NDX: APOL, NIHD, STLD, EXPE, MXIM, FWLT, LIFE, ILMN, RIMM, WCRX, BIDU, URBN, NVDA, FLEX and ERTS.

Stocks to Watch on Friday
Holding Above 30 DMA
HLF, PCLN, AGU, MCD, LVS, NFLX, CMG, TSL, FCX, SINA, VOD, AIV, DE, DHR, DOW, PCP, SWK, UNP, URE, WLT, WMT, A, HAS, IPI, JEC, LXK, CAT, ICE, FAS, FLS, MHS, ATW, STI, ACN, AMX, GES, RMBS, ZION, NDAQ, UAL, USD, MA, NETL, ESI, HSY, CHL, FDX, NTRI, AMD, TIE, V, ATI, BA, DECK, GR, UCO, USO, WHR, AKS, BYI, CLF, GS, SPG, HANS, MOS, SNDK, SWN, UPS, VECO, SKX, CSTR, CREE, POT, RVBD, TBT, WFMI
Moving Above 30 DMA = 1
NYX
Moving Below 30 DMA = 3
ESI, STI, WMT
Staying Below 30 DMA
BAC, GME, CRUS, X, FFIV, TLT, NYX, PNC, DLR, VMW, NTES, CRM, GMCR, FAZ, UNG

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