Stocks End Mixed as XLF Leads SPX Higher...

The Tom and Dave show went great this evening. Dave will present on Friday morning on Trading the Trend, Know When to Exit at the Chicago World Money Show.


Seven of nine sectors moved higher on Thursday. XLF +1.51%, XLB +0.93% and XLI +0.85% were the strongest sectors.

On Thursday the Euro was up 21 pips to 1.3779 at 5 pm EDT. TNX closed up +0.21 at 21.80. TLT was down 82 cents. Financials XLF was up 19 cents.

Oct 17 – 21 Earnings Highlights of Interest:
Monday – C, HAL, HAS, IBM, SWK, STLD, VMW, WFC
Tuesday – AAPL, BAC, CHKP, CREE, CSX, INTC, ISRG, JNJ, JNPR, LLTC, STT
Wednesday – AXP, AMR, APOL, CRUS, EBAY, FCX, LRCX, RVBD, TRV, UTX, WDC, WYNN, XLNX
Thursday – ALXN, ALTR, T, CY, FLEX, INFA, ESI, KELY, MXIM, MSFT, PCX, SNDK, ST, TPX
Friday – MCD, SLB, STI, VZ

The broad indices were mixed with the SPX +0.46%, INDU +0.32%, RUT +0.30%, COMPQ -0.21% and NDX -0.45%. The SPX moved up +5.51 and closed at 1,215.39. The VIX moved up +0.34 to 34.78, a non-confirmation.

AMZN and GOOG moved higher on Thursday. AAPL, BIDU, PCLN and QCOM moved lower.


There are a large number of bull flag setups in the NDX 100 right now, some have earnings over the next several days. Setups that are past earnings or earnings are more than several days away: AKAM, SIRI, MU, ADSK , NWSA, FLEX, INTU, GOOG, ADBE, CSCO, SBUX, MAT, JOYG, MSFT, DTV, MXIM, BBBY, AAPL, INFY, APOL, AMAT, LLTC, NTAP, INTC, EBAY, NVDA, DELL, LRCX

Breadth strengthened as advancers led decliners 1.53 to 1 on the NYSE and decliners led advancers 1.07 to 1 on the NASDAQ.

Exchange      NYSE      NASDAQ
Advancers     1,806          1,193
Decliners       1,174          1,288

Leading stocks > +2% on Thursday RVBD, PCX, TSL, WDC, CIEN, FAS, AKS, UNP, TPX, CLF, MOS, UAL, RCL, DHR, CF, LDK, VECO, C, A, STI, ANR, X

Losing stocks < -2.0% included CRUS, ENTR, NVDA, FAZ, LVS, ESI, INFA, GMCR, FWLT

NDX 100 stocks stronger than the NDX included VRTX, ATVI, ILMN, FSLR, AKAM, NFLX, HSIC, SIRI, FAST and YHOO.

Stocks weaker than the NDX include LRCX, DELL, WYNN, NVDA, EBAY, ESRX, BRCM, MRVL, INTC and GMCR.

Three NDX stocks AAPL, DELL and MCHP moved below their 30 DMA while FAST and XLNX moved above leaving 74 NDX stocks above the 30 DMA.

Stocks to Watch on Friday
Holding Above 30 DMA = 49
IBM, ARUN, DECK, FFIV, ICE, INFA, SNDK, CSTR, F, NDAQ, NKE, ANF, COH, ENTR, NVDA, UNP, CRM, DHR, DOW, SMH, SWK, TIF, TPX, UAL, V, VMW, C, JNPR, NGLS, RCL, ZAGG, CAT, DLR, HLF, LNKD, SWKS, SWN, NTES, WLT, RVBD, SLB, UCO, AKS, FAS, GLW, GS, STI, TBT, ZION
Moving Above 30 DMA = 4
A, BAC, CIEN, URE
Moving Below 30 DMA = 3
CRUS, ESI, FWLT
Staying Below 30 DMA
CMG, GES, LVS, CROX, CREE, HAL, HUM, POT, SINA, WDC, TLT, FAZ, GMCR, CHL, IL, JDSU, SLW, DE, ATI, CF, KKD, MOS, CDE, CLF, MCP, PCX, SOHU, TSL, BAC, VECO, LDK, FCX, ANR, X

Ten Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Neutral