SPX Inches Higher as Financials Lead Sectors Again...

Six of nine sectors moved higher on Wednesday. XLF +1.21%, XLV +0.74% and XLY +0.64% were the strongest sectors. XLF was the leading sector for the third time in the past four trading days.

The Euro was down 11 pips to 1.3396 at 5pm EDT on Wednesday. TNX was down -0.76 to 20.17. TLT was up 42 cents. Financials XLF was up 16 cents.

The broad indexes were near unchanged again on Wednesda with the INDU +0.38%, SPX +0.20%, COMPQ -0.01% NDX -0.04%, and RUT -0.09%. The broad indexes are above their 10 DMA and 30DMA. The SPX moved up +2.54 to close at 1,261.01.

SPY moved up 47 cents on volume of 237.2 million shares on Wednesday.

The VIX moved up +0.54 to 28.67. This is a non-confirmation.

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

____________________________________________________________________________

Setups
Horizontal Breakout New Highs - INTC, NGLS, IBM, KLAC
Horizontal Breakout - SWK, APOL, MAT, CSCO, INTU, ISRG, JOY, SBUX, SNDK, TSLA, CAT, ATI, X, DOW
Diagonal/Flag Breakout – FAST, FFIV, GRMN, ROST, DLTR, GOOG, SLB, QGEN, UNP, AKAM, NVDA, WDC, V
Bear Flag - SINA, SWKS, LNKD, ANF, ESI, GRPN, BAC, WYNN, PCLN, ADBE, INFY, VRTS, CERN, AMZN
____________________________________________________________________________

Breadth strengthened as advancers led decliners 1.12 to 1 on the NYSE and decliners led advancers 1.13 to 1 on the NASDAQ.

Exchange      NYSE      NASDAQ
Advancers     1,585         1,167
Decliners       1,405         1,327

Leading stocks > +2% on Wednesday GRPN, ENTR, IL, GS, CIEN, FAS, UAL, CROX, URE, CSTR

Losing stocks < -2.0% included INFA, JNPR, HAL, DECK, FAZ, WLT, TPX, MCP, ESI, SWN, NDAQ, ZION, HLF, SLB

NDX 100 stocks stronger than the NDX included MU, NFLX, FSLR, MRVL, BRCM, AMZN, BBBY, AMAT, CSCO and EXPE.

Stocks weaker than the NDX include NIHD, ERTS, RIMM, FAST, WCRX, WFM, SRCL, CTXS, BIDU and PCAR.

Three NDX stocks FSLR, MCHP and MU closed above and AKAM, MXIM, ORCL, SRCL, VOD and YHOO closed below the 30 DMA leaving 58 NDX stocks above the 30 DMA.

Stocks to Watch on Thursday
Holding Above 30 DMA = 39
TSLA, NGLS, UCO, CDE, DE, FFIV, HUM, NKE, NVDA, UNP, V, WDC, ANR, ATI, CAT, CLF, CRUS, DOW, FCX, IBM, LDK, NDAQ, SLB, SWK, TSL, X, ENTR, NTES, SNDK, UAL, CMG, DLR, RCL, AKS, C, F, FAS, GS, SMH
Moving Above 30 DMA = 2
TLT, URE
Moving Below 30 DMA = 5
A, COH, DHR, ICE, INFA
Staying Below 30 DMA
CHL, CRM, DECK, HAL, HLF, JNPR, RVBD, STI, VECO, ZION, KKD, LVS, SLW, FAZ, GLW, TIF CIEN, JDSU, VMW, ARUN, CF, CREE, SWN, WLT, MOS, PCX, TPX, GES, SOHU, MCP, BAC, CSTR, IL, POT, SINA, SWKS, ZAGG, LNKD, ANF, ESI, TBT, CROX, GRPN

Eight Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up