NDX Rises as SPX Pauses Following Large Gains on Wednesday...

Six of nine sectors moved lower on Thursday.  XLK +0.55%, XLV +0.15% and XLY +0.08% were the strongest sectors.

The Euro was up 13 pips to 1.3460 at 5pm EDT on Thursday.  TNX was up +0.49 to 21.17.  TLT was down 88 cents.  Financials XLF was down 7 cents.

The broad indexes paused on Thursday and held above their 10 DMA and 30DMA with the NDX +0.61%, COMPQ +0.22%, SPX -0.19%, INDU -0.21% and RUT -0.90%.  The SPX moved down -2.38 to close at 1,244.58.

SPY volume slipped to its lowest volume of the week trading 176.6 million shares.

The VIX moved down -0.39 to 27.41 its lowest close since Oct 28 at 24.53, a non-confirmation.

AAPL, AMZN, BIDU, GOOG and PCLN moved higher on Thursday.  QCOM moved down 7 cents.

Breadth weakened as decliners led advancers 1.50 to 1 on the NYSE and 1.72 to 1 on the NASDAQ.

Exchange         NYSE        NASDAQ

Advancers        1,203              927

Decliners         1,812            1,599       

Leading stocks > +2% on Thursday ENTR, GRPN, UAL, GES, CF, NTES, LNKD, ICE

Losing stocks < -2.0% included KKD, ZAGG, PCX, AKS, LNG, CSTR, JNPR

NDX 100 stocks stronger than the NDX included SIRI, NFLX, RIMM, ROST, YHOO, BIDU, GMCR, AMZN, WCRX and KLAC.

Stocks weaker than the NDX include SHLD, EXPD, CTRP, MRVL, FFIV, MU, LINTA, WYNN, NIHD and CHRW.

Four NDX stocks BIDU, ERTS, SNDK and YHOO closed above and FISV, MRVL, SRCL and WYNN closed below the 30 DMA leaving 50 NDX stocks above the 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 35

TSLA, NGLS, UCO, CDE, DE, FFIV, HUM, NKE, NVDA, UNP, V, WDC, A, ANR, ATI, CAT, CHL, CLF, COH, CRUS, DECK, DHR, DOW, FCX, HAL, IBM, KKD, LDK, LVS, NDAQ, SLB, SLW, SWK, TSL, X

Moving Above 30 DMA = 5

ENTR, ICE, NTES, SNDK, UAL

Moving Below 30 DMA = 4

AKS, DLR, RCL, TLT

Staying Below 30 DMA

FAZ, GLW, INFA, RVBD, TIF CIEN, JDSU, JNPR, VMW, ARUN, CF, CREE, CRM, SMH, SWN, URE, WLT, CMG, HLF, MOS, PCX, TPX, C, GES, VECO, FAS, GS, SOHU, STI, ZION, MCP, BAC, F, CSTR, IL, POT, SINA, SWKS, ZAGG, LNKD, ANF, ESI, TBT, CROX, GRPN

Eight Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up