SPX Pauses Forms Potential Bearish Harami...

The SPX pulled back -12.72 and closed at 1,185.90.    Each of the broad indexes formed a potential bearish harami.

Three NDX stocks closed above their 30 DMA and 8 closed below with the total above at 52.  In our 30 DMA Watch List, one stock moved above the 30 DMA with 41 above.

Intermediate Posture based on the MF Green Line moved slightly lower.

NDX potential bearish harami, above 30 DMA -0.43%

SPX potential bearish harami, closed below 30 DMA -1.06%

INDU potential bearish harami, at 30 DMA -1.04%

COMPQ potential bearish harami, above 30 DMA -0.78%

RUT potential bearish harami, below 30 DMA -2.05%

Breadth weakened as decliners led advancers 3.54 to 1 on the NYSE and 3.13 to 1 on the NASDAQ …

Exchange       NYSE        NASDAQ

Advancers         665              616

Decliners        2,359            1,933          

Leading stocks > +2% on Thursday FAZ, SNDK

Losing stocks < -2.0% included TSL, FAS, LDK, IL, ANR, ARUN, CIEN, A, ENTR, BAC, WLT, C, ESI, GS, KKD, UAL, PCX, JDSU, SWK, GES, STI, X, ATI, ZAGG, VECO, AKS, CRUS, ANF, DE, CROX, RVBD, CLF, INFA, F, RCL

All nine sectors moved lower on Thursday.

Interest rates TNX closed -0.50 at 19.86, bond ETF TLT moved up +1.00 and Financials XLF moved down 28 cents.  The Euro moved down 215 pips to close at 1.3882 at 5 pm on Thursday.

SPX

Resistance: 1,200, 1,225, 1,235

Support: 1,177, 1,160, 1,146

The short term 3 day trend is neutral.

The six-month trend is down.

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 +0.22 – potential shooting star, above 30 DMA

AMZN -2.64 – spinning top confirms hanging man, above 30 DMA

BIDU +0.96 – spinning top, above 30 DMA

GOOG +0.93 – spinning top, below 30 DMA

NFLX -4.80 – black spinning top, below 30 DMA

PCLN -3.75 – doji confirms hanging man at resistance, above 30 DMA

QCOM -0.14 – potential tombstone doji, closed above 30 DMA

NDX 100 stocks stronger than the NDX include YHOO, MU, CSCO, EBAY, SNDK, LINTA, GMCR, VRTX, VMED and GRMN.

Stocks weaker than the NDX include WCRX, FSLR, LIFE, CTSH, QGEN, ORCL, SIAL, CTXS, ADSK and SPLS.

Stocks to Watch on Friday

Holding Above 30 DMA = 40

TLT, CF, CHL, CDE, SLW, DE, GMCR, KKD, MOS, POT, V, HLF, HUM, JDSU, LVS, NTES, CSTR, SINA, CIEN, CMG, CLF, COH, CREE, CRUS, DECK, DLR, ICE, MCP, NDAQ, NETL, NGLS, NKE, NVDA, PCX, SOHU, TIF, UAL, UCO, URE, VMW

Moving Above 30 DMA = 1

JNPR

Moving Below 30 DMA = 2

DHR, ZAGG

Staying Below 30 DMA

FAZ, ARUN, FWLT, GLW, SWK, CROX, TSL, BAC, VECO, LDK, HAL, IBM, LNKD, SNDK, SWKS, TPX, ESI, ANF, FCX, GS, SLB, WLT, SWN, DOW, UNP, ANR, ATI, C, CAT, CRM, FAS, SMH, STI, WDC, AKS, TBT, X, ZION, FFIV, RVBD, ENTR, INFA, F, A, GES, IL

Intermediate Term Market Trend: Down

Short Term Market Trend: Up