SPX Falls 27 Points, Closes Below 30 DMA...

Dave is traveling this evening to Newark the the TD Road Show with Tom Sosnoff and Don Kaufman Thursday evening in Jersey City...

Dave and Ben will cohost the StocksTrading Room Thursday morning at 7:30 am MDT...don't miss us tomorrow morning...


AAPL, BIDU, GOOG and PCLN move lower...

AMZN and NFLX rise...

Today was a broad selloff as decliners led advancers 10.80 to 1 on the NYSE
Advancers 259
Decliners 2798

The SPX, INDU and RUT closed below their 30 DMA. The COMPQ closed at its 30 DMA and the NDX closed well above its 30 DMA.

The SPX closed down -27.05 at 1,304.89.


NDX large black candle, above 30 DMA -2.56%
SPX large black candle, close below 30 DMA -2.03%
INDU large black candle, close below 30 DMA -1.59%
COMPQ large black candle, above 30 DMA -2.65%
RUT large black candle, close below 30 DMA -2.95%


Leading stocks > +2% on Wednesday included TPX, FAZ, LVS
 
Losing stocks < -2.0% included JNPR, CIEN, KKD, JDSU, ARUN, NETL, GLW, LDK, FAS, ENTR, PCX, HUM, TSL, URE, SLW, CY, A, RVBD, MCP, ATI, VMW, DECK, CREE, VECO, ANF, FFIV, F, GES, GMCR, UCO, SNDK, CRM, SINA, NVDA, IL, UAL, INFA, SWK, CAT, STI, ANR, HLF, WTW, ZION, SWKS, FWLT, CAM, SMH, CDE, NDAQ, BAC, POT, TIF, IAG, AKS, COH, DLR, WLT, FCX, CSTR, CMG, CAN, WDC, ICE, CRUS, ESI, SLB, DOW, AGU, DHR, CF, MOS, CLF, GS, ATW


SPX
Resistance: 1,310, 1,321, 1,330
Support: 1,300, 1,288, 1,278

The short term 3 day trend is down.
The six-month trend is neutral.
The twelve-month trend is up.

Trade with the trend of the chart you are trading.

Bullish entry signal is a bounce off support and a break above the high of the low day or a break out of horizontal resistance.

Bearish entry signal is a break of short term support or a bounce down from the 30 DMA or other resistance.

AAPL -10.82 – large black candle, close below low of high day, above 30 DMA
AMZN +8.33 – black candle, new high close, above 30 DMA
BIDU -3.12 – close below low of high day, above 30 DMA
GOOG -15.30 – large black candle, close below low of high day, above 30 DMA
NFLX +2.51 – doji, below 30 DMA
PCLN -16.46 – large black candle, bear flag entry, above 30 DMA
QCOM -0.27 –large black candle, close below 30 DMA

NDX 100 stocks stronger than the NDX include AMZN, GILD, NFLX, CEPH, FISV, DLTR and QGEN.

Stocks weaker than the NDX include ILMN, CHRW, RIMM, NTAP, MU, CTSH, CTXS, ADSK, ORCL and FFIV.

Stocks to Watch on Thursday
Holding Above 30 DMA
CROX, AGU, CMG, HLF, VMW, ATW, NGLS, CLF, ESI, ACN, POT, CAM, COH, DECK, FCX, LVS, NKE, NTES, SLB, SWN, V, SINA, SOHU, WTW, ANF, CDE, SLW, CF, IAG, MOS, DLR, WLT, CHL, MCP, UCO, MHS, GS, SWKS
Moving Above 30 DMA = 2
FAZ, TPX
Moving Below 30 DMA = 22
ANR, ATI, CAT, CIEN, CRM, CRUS, CY, DLR, DOW, FAS, GMCR, ICE, JNPR, LDK, NDAQ, SMH, SNDK, STI, TIF, UNP, URE, WDC
Staying Below 30 DMA
AKS, CSTR, DE, PCX, TBT, X, ZION, CREE, KKD, NETL, TLT, DHR, FFIV, SWK, UNG, ARUN, RVBD, HUM, ENTR, INFA, A, F, GES, HAS, BAC, TSL, UAL, VECO, NVDA, FWLT, JDSU, GLW, IL

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