SPX Makes Highest Close in September...Above 30 DMA...

The SPX rose +20.43 and closed at 1,209.43, its highest close in September.  The VIX confirmed the SPX move by moving down -2.63 and making its lowest close since September 1.  The SOX closed at 381.09, its highest close since August 1.

The INDU closed above its 30 DMA and each of the broad indexes are now above their 30 DMA.  The US Dollar weakened, interest rates rose with the TNX closing at 20.85 and financial stocks moved up and the XLF closing at 12.92.

Four NDX stocks closed above their 30 DMA including CTXS, DTV, FISV and GOOG with the total above the 30 DMA at 86.  In our 30 DMA Watch List, ten stocks moved above the 30 DMA and there are now 65 stocks above their 30 DMA.

Intermediate Posture based on the MF Green Line remained bullish today as the green moved higher.

NDX white candle, above30 DMA +1.50%

SPX large white candle, above 30 DMA +1.72%

INDU large white candle, closes above 30 DMA +1.66%

COMPQ white candle, above 30 DMA +1.34%

RUT white candle, above 30 DMA +1.33%

Breadth strengthened on the NYSE as advancers led decliners 3.26 to 1 and advancers led 1.99 to 1 on the NASDAQ …

Exchange       NYSE        NASDAQ

Advancers      2,305           1,695

Decliners           706               850          

Index         Change    Close    Direction    Confirmation

VIX                -2.63        31.97      Down         Yes – SPX

SOX             +5.36      381.09      Up              Yes – COMPQ

Leading stocks > +2% on Thursday CSTR, FAS, NDAQ, C, COH, BAC, ATI, ENTR, RCL, ZION, GS, URE, DOW, TSL, F, ARUN, TBT, UNP, STI, ICE, FWLT, HLF, ANR, CRUS, ANF, DHR, AKS, GES, HAL

Losing stocks < -2.0% included ZAGG, FAZ, NTES, VECO, JNPR, SOHU, LDK, CDE, MCP, CF, CREE, SINA

All nine sectors moved higher on Thursday.  Financials XLF +2.54%, Industrials XLI +2.03%,  and Energy XLE +1.32% were the strongest sectors.

Interest rates TNX closed +0.74 at 20.85, bond ETF TLT moved down -1.73 and Financials XLF moved up 32 cents.  The Euro moved up 123 pips to close at 1.3877 at 5 pm on Thursday.

SPX

Resistance: 1,225, 1,235, 1,249

Support: 1,200, 1,177, 1,160

The short term 3 day trend is up.

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 +3.66 – spinning top, above 30 DMA

AMZN +4.21 – white candle, new high close, above 30 DMA

BIDU -0.31 – spinning top, potential ascending triangle, above 30 DMA

GOOG +10.49 – white candle, close above 30 DMA

NFLX -1.30 – gap down black candle, below 30 DMA

PCLN -5.56 – bearish engulfing, above 30 DMA

QCOM +0.93 – potential hanging man, above 30 DMA

NDX 100 stocks stronger than the NDX include ALXN, SHLD, EBAY, NTAP, AMAT, PCAR, ADSK, SYMC, DELL and SYMC.

Stocks weaker than the NDX include NFLX, ILMN, ESRX, MU, CERN, PCLN, FSLR, VRTX, LRCX and RIMM.

Stocks to Watch on Friday

Holding Above 30 DMA = 55
TLT, CF, CHL, CDE, SLW, DE, GMCR, KKD, MOS, POT, V, JDSU, LVS, CSTR, SINA, DECK, ICE, NETL, NGLS, NVDA, TIF, CIEN, CMG, COH, CREE, CRUS, ENTR, HUM, NDAQ, NKE, SMH, UAL, UCO, VMW, A, ANF, CLF, CRM, DHR, DLR, FFIV, LNKD, SWKS, TPX, ARUN, CROX, GES, HLF, PCX, RVBD, STI, SWN, URE, WDC, ZION

Moving Above 30 DMA = 10

AKS, ATI, CAT, DOW, F, FAS, FWLT, IBM, RCL, UNP

Moving Below 30 DMA = 2

JNPR, NTES

Staying Below 30 DMA

FAZ, MCP, SOHU, ZAGG, GLW, SWK, TSL, BAC, VECO, LDK, HAL, SNDK, ESI, FCX, GS, SLB, WLT, ANR, C, TBT, X, INFA, IL

Five Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up