SPX Moves Higher....

The SPX regained Wednesday’s loss on Thursday gaining +51.88 and closing at 1,172.64. The VIX fell closing down -3.99 at 39.00.  Interest rates moved higher and financial stocks led all sectors.

NDX large white candle, below 30 DMA +4.53%
SPX large white candle, below 30 DMA +4.63%
INDU large white candle, below 30 DMA +3.95%
COMPQ large white candle, below 30 DMA +4.69%
RUT large white candle, below 30 DMA +5.40%

Breadth strengthened as advancers led decliners 11.80 to 1 on the NYSE and 5.15 to 1 on the NASDAQ …

Exchange      NYSE       NASDAQ
Advancers     2,869         2,217
Decliners           243            430


Index     Change    Close     Direction     Confirmation
VIX            -3.99       39.00        Down           Yes – SPX
SOX       +17.58     357.12         Up                Yes – COMPQ

Leading stocks > +2% on Thursday included IL, FAS, ENTR, CIEN, LDK, JDSU, NETL, ARUN, PCX, CF, TBT, URE, AKS, NDAQ, UCO, TSL, NVDA, ANR, SWKS, MOS, A, CAM, ATI, DE, LVS, GES, GLW, ZAGG, ATW, FWLT, CROX, SINA, BAC, JNPR, GS, KKD, CRUS, V, POT, CY, ICE, C, HUM, ZION, SOHU, CREE, SWK, GMCR, INFA, CHL,WLT, VMW, DECK, X, SWN, CMG, STI, RVBD, FCX, F, SLB, MCP, NKE, CRM, SNDK, UAL, DLR, CDE, WDC, DOW, DHR, CAT, FFIV, ANF, ACN, CLF, MHS, HAS, VECO, ESI, CSTR, SMH, UNP, TIF, NTES, AGU, UNG, HLF, TPX

Losing stocks < -2.0% included FAZ, IAG, TLT

All nine sectors moved higher on Thursday. Financials XLF +5.58% and Energy XLE +5.19% were the strongest sectors.

Interest rates TNX closed +1.99 at 23.36, bond ETF TLT fell $5.50 and Financials XLF was up 68 cents. The Euro moved up 58 pips to close at 1.4235 at 5 pm on Thursday.

SPX
Resistance: 1,173, 1,200, 1,225
Support: 1,158, 1,146, 1,134

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

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 +10.01 – spinning top, close above 30 DMA
AMZN +4.23 – bullish harami, below 30 DMA
BIDU +7.36 – white candle bounce continuation, just below 30 DMA
GOOG +13.12 – spinning top, just below 30 DMA
NFLX +10.71 – white candle bounce continuation, below 30 DMA
PCLN +1.36 – hammer, below 30 DMA
QCOM +2.29 – black candle, below 30 DMA

NDX 100 stocks stronger than the NDX include NWSA, CSCO, MU, RIMM, YHOO, ERTS, NVDA, MYL, DELL and CHKP.

Stocks weaker than the NDX include PCLN, GRMN and ILMN.

Stocks to Watch on Friday
Holding Above 30 DMA
FAZ, TLT, GMCR, CREE, SLW
Moving Above 30 DMA = 3
CF, CHL, CROX
Moving Below 30 DMA = 0

Staying Below 30 DMA
HLF, CAM, CDE, CMG, DECK, IAG, LVS, MCP, MHS, MOS, SNDK, SOHU, SWKS, TPX, V, WTW, ESI, NTES, ANF, ATW, COH, FCX, GS, POT, SLB, WLT, NKE, SINA, SWN, ACN, AGU, DOW, UCO, UNP, VMW, CLF, NGLS, ANR, ATI, CAT, CIEN, CRM, CRUS, CY, DLR, FAS, ICE, JNPR, LDK, NDAQ, SMH, STI, TIF, URE, WDC, AKS, CSTR, DE, PCX, TBT, X, ZION, KKD, NETL, 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: Down
Short Term Market Trend: Down