SPX up 12%, INDU +11%, NDX +19% and RUT +25%...A Great Year...

Happy New Year!     Let's Make 2011 our Best Trading Year Ever!

The SPX closed flat at 1,257.68, down -0.24 or -0.02%.  The broad indexes again traded in a very narrow range on light volume although SPY and QQQQ volume rose while DIA and IWM volume was lighter.   The RUT and COMPQ were lower on Friday setting up a possible pull back in the other indexes. The SPX did close above the short term support level of the last six trading days.  Watch for a potential break of short term support.

(click image to enlarge)

2010 Returns

SPX +12.78%

INDU +11.02%

COMPQ +16.91%

RUT +25.31%

Breadth strengthened on the NYSE and weakened on the NASDAQ on Friday and as advancers led decliners 1.18 to 1 on the NYSE and decliners led advancers 1.37 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,594              1,125

Decliners        1,345              1,545

(click image to enlarge)

Index Direction     Confirmation

VIX      Up                 Yes – SPX

SOX    Down           Yes – COMPQ

Leading stocks on Friday included UCO, LVS, DISH, UNG, AKS, POT, IPI, TLT, TSL, AMX, FCX, MOS, UNP, F, SWN, FWLT, GR

Losing stocks included RVBD, ESI, CMG, HAS, TBT, DECK, ARUN, SINA, PCX, NTES, NTRI, SOHU, WLT, GES, ATI, CF, WHR, CAKE, X, SNDK, VMW, HANS, HOLX, INFA, UAL, MHS, VECO, NETL, HLF  

Interest rates pulled back on Friday and bonds moved higher.  The Euro moved up 85 pips to 1.3374 at 5 pm ET. 

The SOX fell -0.48, closing at 411.82 on Friday and the VIX rose +0.23 and closed at 17.75.

Five of nine sectors moved higher on Friday with Energy XLE +0.15% and one was neutral Financials XLF +0.13% leading all sectors. 

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,256, 1,281

Support: 1, 241, 1,220, 1,209

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.  Thursday was an entry signal for many stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.

The short term 3 day trend is neutral.
The six-month trend is up.
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 -1.10 – spinning top in bull flag

AMZN -2.75 – black candle makes new low in bull flag

NFLX -4.10 – black candle closes at support and MACD bullish divergence

QCOM -0.24 – hammer day in bull flag

GOOG -4.89 – black candle

BIDU -1.68 – black candle at support and MACD bullish divergence

NDX 100 stocks stronger than the NDX include NVDA, WYNN, VOD, MU, MRVL, WCRX, LINTA, NIHD, ADBE, CHKP, VMED, QGEN, NWSA, TEVA and BIID.

Stocks weaker than the NDX: NFLX, CTRP, BIDU, FFIV, URBN, ADSK, AMZN, ERTS, KLAC, AKAM, LRCX, PCLN, FISV, HSIC and AMGN.

Stocks to Watch on Monday
Holding Above 30 DMA
SINA, CAM, WLT, ATW, SLB, NDAQ, USD, DECK, GR, RVBD, BYI, CAT, X, GES, CLF, INFA, VMW, SNDK, CRUS, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, HSY, NTRI, ATI, CF, AIV, GS, URE, AGU, MOS, POT, UNP, BA, SPG, RMBS, SWN, DLR, UNG
Moving Above 30 DMA = 2

AMX, TSL, TLT

Moving Below 30 DMA = 4

CREE, HANS, PCP, TBT

Staying Below 30 DMA
HAS, HLF, CRM, MHS, NETL, CAKE, TIE, MA, SKX, V, CSTR, VECO, ARUN, CMG, SOHU, GMCR, MCD, LVS, UAL, FAZ, NTES, LDK, CHL, LXK

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

Futures Point to a Flat to Slightly Lower Open...

Unexpected events arising in my schedule kept me from getting back before the close...

There are some who believe that there may be some tax selling of stocks that are up strong in 2010 beginning on Monday to push the tax obligation into 2011 tax year…so if you see your short term or other exit signal today you want to follow your rules and exit…if tax selling does occur it will provide re-entry opportunities at better prices…

BMO – ES -3.25 and NQ -1.25 futures are slightly lower about 60 minutes before the open in pre-market trading and point to a flat to slightly lower open…if regular trading is like the pre-market expect another low volume day...

TLT is up 61 cents and the Euro is up 81 pips in premarket trading…

NDX leaders only PCLN is slightly higher in pre-market trading…

Setup Charts to Watch

Bull Flag Setups – VMW, GS, ICE, SNDK, LVS, NTRI, ATW, ILMN, NTAP, DECK, UNP, AKS, CAT, DE, GOOG, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, WYNN, AMD, NETL, USD, CRUS

Horizontal Breakout – X, PNC, NYX, WHR, AIV, C, SLB, DOW

MACD Divergence – CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups – HAS, V, SKX

Horizontal Support Breakout – TBT, CAKE, LDK

SPX

Resistance: 1,256, 1,281

Support: 1,241, 1,220, 1,209

There is little to no volume in pre-market trading …

Quoting Down – SPG, WLT, TBT, CLF, CREE, DLR, VECO, CRM, MHS, GS, GOOG, NFLX, AMZN, FSLR, VMED, MICC, AAPL, FFIV

Quoting Up – FCX, TLT, FWLT, POT, MOS, CMG, PCLN, JOYG, CHRW

Another Flat SPX in Short Term Neutral Range...Euro Rises...

Happy New Year!

The SPX closed at 1,257.88, down -1.90 or -0.15%.  On Thursday each of the broad indexes again traded in a very narrow range on light volume continuing the trading pattern since last Thursday.  SPY, QQQQ and IWM volume increased over Wednesday while DIA volume was slightly lower.

(click image to enlarge)

The SPX did close below the low of the high day but above the short term support level of the last six trading days.

SPX black spinning top, weak confirmation of Wednesday’s shooting star

INDU black spinning top, weak confirmation of Wednesday’s shooting star

COMPQ potential shooting star

RUT tombstone doji with weakest confirmation 0.01 of Wednesday’s bearish harami

Breadth weakened on Thursday and did remain modestly positive as advancers led decliners 1.02 to 1 on the NYSE and 1.13 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,499              1,400

Decliners        1,462              1,231

(click image to enlarge)

Index Direction     Confirmation

VIX      Up                 Yes – SPX

SOX    Up                 No – COMPQ

Leading stocks on Thursday included WLT, ESI, RVBD, UAL, GME, AGU, GES, DLR, MOS, CF, SOHU, ARUN,, TIE, SNDK,LXK, GMCR, CLF, X, UNG, NTES, AMD, USD, IPI, SWN, FAZ OLX, FLS, RMBS, NETL, VECO, SKX

Losing stocks included UCO, CMG, ATI, LDK, LVS, AKS, INFA, FAS, CREE, MA, NDAQ, DECK, SPG, CRM, FWLT, PNC, CAM, V, PCP, ACN, GR  

Interest rates rose on Thursday and bonds moved slightly lower.  The Euro moved up 64 pips to 1.3289 at 5 pm ET. 

The SOX rose +1.10, closing at 411.20 on Thursday.  The VIX rose +0.24, exactly what it fell on Wednesday, and closed at 17.52.

Just one of nine sectors moved higher on Thursday with Energy XLE +0.09% and one was neutral Materials XLB +0.00% leading all sectors.

Moves on Thursday

Continuation – AZO, IPI, UNG, WLT, AGU, MOS SPG,  BYI, URE, CF, GME, FAS, FLS, FCX, ZION, STI, WFC, BAC, XLF, SWK, NUE, STLD, A, DHR

Resistance Breakout –

Bull Flag Bounce – X, GES, AMZN, ACN, JEC

MACD Divergence Bounce –

Support Bounce – JASO, MA, RMBS

Bear Flag Break – TLT, TSL

Break of Support – CMG,

Continue to watch our Bull Flag and Horizontal Breakout Setups for potential entry signals...

Setup Charts to Watch

Bull Flag Setups – VMW, GS, ICE, SNDK, LVS, NTRI, ATW, ILMN, NTAP, DECK, UNP, AKS, CAT, DE, GOOG, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, WYNN, AMD, NETL, USD, CRUS

Horizontal Breakout – X, PNC, NYX, WHR, AIV, C, SLB, DOW

MACD Divergence – CREE, CAKE, NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups – HAS, V, SKX

Horizontal Support Breakout – TBT, CAKE, LD

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,256, 1,281

Support: 1, 241, 1,220, 1,209

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.  Thursday was an entry signal for many stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.

The short term 3 day trend is neutral.
The six-month trend is up.
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 -1.63 – black candle in bull flag

AMZN -0.62 – black candle pause in bull flag bounce

NFLX -0.47 – hammer, potential morning star and MACD bullish divergence

QCOM -0.26 – bearish engulfing day one bull flag

GOOG -2.14 – inverted hammer in bull flag

BIDU -0.90 – black candle at support and MACD bullish divergence

NDX 100 stocks stronger than the NDX include GRMN, MICC, MU, WCRX, SNDK, WFMI, FSLR, YHOO, INFY, BRCM, BMC, CMCSA, ROST, APOL and URBN.

Stocks weaker than the NDX: FLEX, CTRP, ADBE, EXPE, ADSK, VOD, FFIV, ISRG, BIDU, WYNN, INTU, CEPH, EBAY, KLAC and XRAY.

Stocks to Watch on Friday
Holding Above 30 DMA
SINA, CAM, WLT, ATW, SLB, NDAQ, USD, DECK, GR, RVBD, BYI, CAT, X, CREE, GES, CLF, INFA, VMW, SNDK, CRUS, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, TBT, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, HSY, NTRI, ATI, CF, PCP, HANS, AIV, GS, URE, AGU, MOS, POT, UNP, BA, SPG, RMBS, SWN
Moving Above 30 DMA = 2

DLR, UNG

Moving Below 30 DMA = 0

Staying Below 30 DMA
HAS, HLF, TSL, CRM, MHS, NETL, CAKE, TIE, MA, SKX, V, CSTR, VECO, ARUN, CMG, SOHU, GMCR, MCD, AMX, LVS, UAL, FAZ, TLT, NTES, LDK, CHL, LXK

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

Futures Point to a Flat to Mixed Open...

BMO – ES -1.00 and NQ +1.00 futures are mixed about 60 minutes before the open in pre-market trading and point to a flat to slightly lower open…

TLT is down 53 cents and the Euro is up 60 pips in premarket trading…

NDX leaders GOOG, AMZN, NFLX and PCLN are slightly higher in pre-market trading…

Setup Charts to Watch

Bull Flag Setups – X, SNDK, LVS, NTRI, ATW, ILMN, NTAP, DECK, UNP, AKS, CAT, DE, GOOG, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, GES, WYNN, AMD, CREE, NETL, USD, CRUS

Horizontal Breakout – PNC, AZO, IPI, UNG, VMW, NYX, WHR, GS, ICE, AIV, C, SLB, DOW

MACD Divergence – NFLX, CSTR, AKAM, BIDU, LDK,

Bear Flag Setups – SKX

Horizontal Support Breakout – TBT, CAKE, LDK

SPX

Resistance: 1,256, 1,281

Support: 1,241, 1,220, 1,209

The volume is very light in pre-market trading about 60 minutes before the open…

Quoting Down – WLT, TLT, MA, SLB, NTES, LVS, URE, CTSH, VOD

Quoting Up – FCX, CMG, POT, TBT, CRM, A, UAL, SWN, FDX, DE, VMW, GOOG, AMZN, ISRG, JOYG, TEVA, QCOM, NFLX, CEPH, CTXS, PCLN

SPX, INDU Grind Out Another New High Close...

The SPX closed at 1,259.78, up +1.27 or +0.10% another new high close.  On Wednesday each of the broad indexes again traded in a very narrow range on light volume continuing the trading pattern since last Thursday.

(click image to enlarge)

SPX new high close, potential shooting star

INDU new high close, potential shooting star

COMPQ doji at resistance

RUT potential bearish harami at resistance

Breadth strengthened on Wednesday as advancers led decliners 1.73 to 1 on the NYSE and 1.20 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,928              1,454

Decliners        1,110              1,202

(click image to enlarge)

Index Direction     Confirmation

VIX      Down           Yes – SPX

SOX    Up                 Yes – COMPQ

Leading stocks on Wednesday included WLT, POT, MOS, IPI, AGU, RVBD, CAM, CF, ATW, NTRI, HAS, RMBS, SLB, GMCR, TLT, ACN, SPG, LDK, SWN, ESI, CHL, UAL, SKX, FCX, MCD, URE, NDAQ, PNC, DLR, AIV, GAZ, JEC, CMG, A, BYI, GES, MA, NTES, X, FWLT, DISH, CAKE, GR, LVS, USD

Losing stocks included TBT, CSTR, AKS, DECK, VECO, STI, GS, ARUN, ICE, SOHU, ZION, SNDK, CLF, DOW, NYX, VMW, UCO, HOLX, WHR, CREE, FAS

Interest rates fell on Wednesday and bonds rose.  The Euro closed up 110 pips at 1.3225 at 5 pm ET. 

The SOX rose +0.54, closing at 411.20 on Wednesday.  The VIX fell -0.24 and closed at 17.28.

Seven of nine sectors moved higher on Wednesday with Energy XLE +0.99% and Materials XLB +0.42% leading all sectors.

Moves on Wednesday

Continuation – SPG,  BYI, URE, CF, GME, FAS, FLS, FCX, ZION, STI, WFC, BAC, XLF, SWK, NUE, STLD, A, DHR

Resistance Breakout – WLT, AGU, MOS

Bull Flag Bounce – WLT, AMZN, IPI, ACN, JEC

MACD Divergence Bounce –

Support Bounce – V, MA, RMBS

Bear Flag Break – TLT, TSL, JASO

Break of Support – CMG, HAS

Check out our Bull Flag Setups and Horizontal Breakout Setups...

Setup Charts to Watch

Bull Flag Setups – X, SNDK, LVS, NTRI, ATW, ILMN, NTAP, DECK, UNP, AKS, CAT, DE, GOOG, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, GES, WYNN, AMD, CREE, NETL, USD, CRUS

Horizontal Breakout – PNC, AZO, IPI, UNG, VMW, NYX, WHR, GS, ICE, AIV, C, SLB, DOW

MACD Divergence – NFLX, CSTR, AKAM, BIDU, LDK

Bear Flag Setups – SKX

Horizontal Support Breakout – TBT, CAKE, LDK

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,256, 1,281

Support: 1, 241, 1,220, 1,209

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.  Thursday was an entry signal for many stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.

The short term 3 day trend is neutral.
The six-month trend is up.
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 -0.18 – bearish engulfing above recent resistance

AMZN +2.28 – outside day, bull flag bounce

NFLX -3.40 – large black candle and MACD bullish divergence

QCOM +0.13 – doji above recent resistance

GOOG +2.08 – hammer inside day in bull flag

BIDU +0.40 – spinning top at support and MACD bullish divergence

NDX 100 stocks stronger than the NDX include SHLD, APOL, ERTS, VMED, SRCL, FLEX, CTSH, AMZN, YHOO, INFY, CHRW, WYNN, ILMN, DLTR and SPLS.

Stocks weaker than the NDX: NFLX, CEPH, STX, WCRX, VOD, SNDK, MRVL, CMCSA, MICC, CSCO, ISRG, KLAC, BMC, DELL and MYL.

Stocks to Watch on Thursday
Holding Above 30 DMA
SINA, CAM, WLT, ATW, SLB, NDAQ, USD, DECK, GR, RVBD, BYI, CAT, X, CREE, GES, CLF, INFA, VMW, SNDK, CRUS, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, TBT, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, HSY, NTRI, ATI, CF, PCP, HANS, AIV, GS, URE, AGU, MOS, POT, UNP, BA, SPG
Moving Above 30 DMA = 2

RMBS, SWN

Moving Below 30 DMA = 0

Staying Below 30 DMA
HAS, HLF, TSL, CRM, MHS, NETL, CAKE, TIE, MA, SKX, V, CSTR, UNG, VECO, ARUN, CMG, SOHU, GMCR, MCD, AMX, LVS, UAL, FAZ, TLT, NTES, LDK, CHL, LXK, DLR

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

Futures Point to a Slightly Higher Open...

ALERT - Dave will sub in Virtual Coaching Options today at 1 pm ET until 3pm...this is a last minute sub...if you would like to join...Tell your friends on Skype...



BMO – ES +1.25 and NQ +4.25 futures are higher in pre-market trading and point to a slightly higher open…

TLT is up 3 cents and the Euro is up 25 pips in premarket trading…

NDX leaders AAPL, AMZN, BIDU, NFLX and GOOG are higher in pre-market trading…

Setup Charts to Watch

Bull Flag Setups – X, SNDK, LVS, NTRI, ATW, WLT, ILMN, IPI, NTAP, AMZN, DECK, UNP, AKS, CAT, DE, GOOG, JEC, GR, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, GES, WYNN, AMD, ACN, CREE, NETL, USD, CRUS

Horizontal Breakout – UNG, VMW, MOS, WHR, GS, ICE, AIV, C, SLB, AGU, DOW

MACD Divergence – NFLX, CSTR, AKAM, BIDU, LDK,

Bear Flag Setups – SKX

Horizontal Support Breakout –CAKE, LDK

SPX

Resistance: 1,256, 1,281

Support: 1,241, 1,220, 1,209

There is little to no volume in pre-market trading about 60 minutes before the open…

Quoting Down – GR, MA, ZION, FCX, POT, FLS, ARUN, SOHU, PCLN, MICC, PAYX, ISRG, CTSH, VOD

Quoting Up – GOOG, NFLX, AMZN, BIDU, ILMN, TEVA, GILD, DLTR, AAPL, CMG, SLB, HANS INFA, AGU, CAM, IPI, MHS, WCRX

SPX and INDU Make New High Close...

Stocks sold off early before the market found support at a higher low than Monday.  The SPX closed at 1,258.55, up +0.97 or +0.08%.  On Tuesday each of the broad indexes continued the trading pattern since last Thursday of a very narrow range on light volume.  SPY and QQQQ traded fewer shares than they did on Monday.  DIA and IWM had increased volume.  INDU made a 28 month closing high.

(click image to enlarge)

SPX doji at resistance

INDU white spinning top

COMPQ black spinning top at resistance

RUT black spinning top

Breadth weakened on Tuesday as decliners led advancers 1.07 to 1 on the NYSE and 1.42 to 1 on the NASDAQ…

Exchange       NYSE          NASDAQ

Advancers      1,450              1,091

Decliners        1,554              1,554

(click image to enlarge)

Index Direction     Confirmation

VIX      Down            Yes – SPX

SOX    Down            Yes – COMPQ

Leading stocks on Tuesday included TBT, UNG, TIE, ZION, STI, GME, DLR, SWN, UCO, AGU, VECO, AMX, PNC, FWLT, URE, AKS, POT, BAC, AMD, HOLX, NTES, MHS, X, DISH

Losing stocks included IPI, LXK, NTRI, LDK, RVBD, TLT, HAS, ARUN, LVS, DECK, TSL, CF, GES, SNDK, HANS, SINA, INFA, ATI, WLT, CMG, ATW, SOHU, A, VMW, CAKE, F, CRUS, NETL, BYI, SKX, FLS, HSY, CSTR, GMCR, UAL, CHL, CAN, CAM, NDAQ, SPG, CRM, USD, CAT, GS, HLF, FCX, RMBS, SLB 

Interest rates rose on Tuesday and bonds moved lower.  The Euro closed down 48 pips at 1.3115 at 5 pm ET. 

The SOX fell -1.61, closing at 410.66 on Tuesday.  The VIX fell -0.15 and closed at 17.52.

Six of nine sectors moved higher on Tuesday with Energy XLE +0.37% and Utilities XLU +0.35% leading all sectors. 

Moves on Tuesday

Continuation – URE, CF, GME, FAS, FLS, FCX, ZION, STI, WFC, BAC, XLF, SWK, NUE, STLD, A, DHR

Resistance Breakout –NYX

Bull Flag Bounce – AZO, PNC, TBT, SPG, BYI

MACD Divergence Bounce –

Support Bounce – V, MA, RMBS,

Bear Flag Break – TLT, TSL, JASO

Break of Support – CMG, HAS

Due to the small move in the SPX our Bull Flag Setups and Horizontal Breakout Setups are similar to Monday night...

Setup Charts to Watch

Bull Flag Setups – X, SNDK, LVS, NTRI, ATW, WLT IPI, NTAP, AMZN, DECK, UNP, AKS, CAT, DE, GOOG, JEC, GR, ILMN, FFIV, HSY, SINA, CLF, ATI, NDAQ, F, WFMI, GES, WYNN, AMD, ACN, CREE, NETL, USD, CRUS

Horizontal Breakout – UNG, VMW, MOS, WHR, GS, ICE, AIV, C, SLB, AGU, DOW

MACD Divergence – NFLX, CSTR, AKAM, BIDU, LDK,

Bear Flag Setups – SKX

Horizontal Support Breakout –CAKE, LDK

Continue to trade with the trend of the chart you are trading.

SPX

Resistance: 1,256, 1,281

Support: 1, 241, 1,220, 1,209

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.  Thursday was an entry signal for many stocks.

Enter bearish trades on a break of short term support or a bounce down from the 30 DMA.

The short term 3 day trend is neutral.
The six-month trend is up.
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 +0.79 –spinning top above recent resistance

AMZN -1.05 – spinning top in bull flag

NFLX +3.66 – bullish engulfing pattern and MACD bullish divergence

QCOM +0.25 – white spinning top above recent resistance

GOOG -3.46 – black candle in pullback forming bull flag

BIDU -1.42 – spinning top at support and MACD bullish divergence

NDX 100 stocks stronger than the NDX include SHLD, NFLX, STX, QGEN, JOYG, URBN, DTV, CSCO, COST, CTRP, QCOM, SRCL, VMED, PAYX and SIAL.

Stocks weaker than the NDX: LINTA, WFMI, FSLR, BIDU, SNDK, DLTR, FFIV, NIHD, BRCM, CA, WCRX, MRVL, AKAM, AMGN and PCLN.

Stocks to Watch on Wednesday
Holding Above 30 DMA
SINA, CAM, WLT, ATW, SLB, NDAQ, USD, DECK, GR, RVBD, BYI, CAT, X, CREE, GES, CLF, INFA, VMW, SNDK, CRUS, FCX, FDX, AKS, A, AMD, DHR, DOW, FLS, GME, ICE, PNC, TBT, UCO, DE, FAS, JEC, STI, SWK, WHR, ZION, ACN, BAC, NYX, ESI, IPI, HSY, NTRI, ATI, CF, PCP, HANS, AIV, GS, URE, AGU, MOS, POT, UNP, BA, SPG
Moving Above 30 DMA = 0

Moving Below 30 DMA = 3

HAS, HLF, TSL

Staying Below 30 DMA
CRM, MHS, NETL, CAKE, TIE, MA, SKX, V, CSTR, UNG, VECO, ARUN, CMG, RMBS, SOHU, GMCR, MCD, SWN, AMX, LVS, UAL, FAZ, TLT, NTES, LDK, CHL, LXK, DLR

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