SPX Breaks Low of the High Day After Euro Moves Lower...

All nine sectors moved lower on Thursday.  XLP -1.15%, XLU -1.45% and XLK -1.57% were the strongest sectors.

The Euro was down 52 pips to 1.3344 at 5pm EDT on Thursday.  TNX was down -0.45 to 19.72.  TLT was up $1.47.  Financials XLF was down 52 cents.

The broad indexes broke below the low of the high day after the Euro moved lower on continued EU concerns on Thursday with the INDU -1.63%, NDX -1.64%, COMPQ -1.99%, SPX -2.11% and RUT -3.14%.  The SPX moved down -26.66 to close at 1,234.35.

SPY moved down -$2.78 on volume of 240.6 million shares on Thursday.

The VIX moved up +1.92 to 30.59.

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

Breadth weakened as decliners led advancers 6.41 to 1 on the NYSE and 5.98 to 1 on the NASDAQ.

Exchange         NYSE        NASDAQ

Advancers          405              363

Decliners         2,600            2,171       

Leading stocks > +2% on Thursday FAZ, CSTR, LDK, GRPN

Losing stocks < -2.0% included FAS, TSLA, VECO, ANR, CREE, PCX, C, WLT, ZAGG, POT, X, A, JNPR, MCP,ENTR, UCO, LVS, CLF, FCX, BAC, STI, GS, TSL, URE, UAL, ATI, LNG, ZION, LNKD, RCL, SLB, SINA, IL, SOHU, ARUN, MOS, AKS, DOW, SWKS, TIF, GLW, CF, KKD, SWK, NVDA, RVBD, DHR, FFIV, F, CROX, NDAQ, SMH, SWN, CDE, DE, COH, GES, TBT CRUS, UNP, CAT

NDX 100 stocks stronger than the NDX included GRMN, DLTR, AAPL, EBAY, AMGN, YHOO and ORLY.

Stocks weaker than the NDX include CTRP, NIHD, FSLR, FLEX, VMED, ERTS, DTV, INFY, SIRI and QGEN.

Twenty-five NDX stocks closed below the 30 DMA leaving 33 NDX stocks above the 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 20

NGLS, UCO, CDE, DE, FFIV, NKE, V, WDC, IBM, LDK, TSL, X, ENTR, NTES, SNDK, UAL, CMG, DLR, GS, TLT

Moving Above 30 DMA = 1

CSTR

Moving Below 30 DMA = 21

AKS, ANR, ATI, C, CAT, CLF, CRUS, DOW, F, FAS, FCX, HUM, NDAQ, NVDA, RCL, SLB, SMH, SWK, TSLA, UNP, URE

Staying Below 30 DMA

A, COH, DHR, ICE, INFA, 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: Down