SPX Reverses Wednesday's Light Volume Selloff as Financials Rise...

All nine sectors moved higher on Thursday.  XLF, XLB and XLI were the strongest sectors. 

Money Flow

Euro       +22 pips    1.2961

TNX        -0.11            18.97

TLT        +0.22         120.86

XLF        +0.21           13.07

SPX      +13.38      1,263.02

VIX         -0.87           22.65

RUT +1.33%

INDU +1.12%

SPX +1.07%

COMPQ +0.92%

NDX +0.79%

Money Flow followed the Euro higher as XLF and SPX moved higher reversing Wednesday’s light volume selloff.  TNX and bonds moved slightly opposite of typical direction.  The VIX fell confirming the rise in the SPX.

  

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SPY moved up $1.29 on rising but still light volume of 123.4 million shares on Thursday.

The VIX moved lower on Thursday confirming the move up in the SPX.

Breadth strengthened as advancers led decliners 3.73 to 1 on the NYSE and 2.60 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       2,381          1,888

Decliners            637             724

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

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Setups

Horizontal/Diagonal Breakout – CERN, KLAC, WDC, CSTR, IL, URE, DE, DOW, NKE, UCO, ATI, ZION

Reversal – SWKS, JDSU, CIEN, JNPR

Flag – SWK, SNDK, V, AKS, HUM, F, ATVI, GES, ENTR, FFIV, DTV, VRTX, MOS, POT, TEVA

Recent High – GRMN, AMGN, SBUX, FAST, ISRG, AKAM, V

Pause at High – ORLY, ROST, VRSN, APOL, MYL, ADP, UNP

At Support – HANS, MAT, DTV

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Leading stocks > +2% on Thursday FAS, TPX, BAC, STI, LNKD, SLW, SWK, A, ZION, V, C, CDE, CRM, CIEN

Losing stocks < -2.0% included DECK, GRPN, FAZ, MCP, LDK, LNG

NDX 100 stocks stronger than the NDX included NWSA, FSLR, HANS, YHOO, MAT, NVDA, ISRG, PNRA, VMED and PCAR.

Stocks weaker than the NDX include BIDU, SHLD, EXPE, FOSL, EBAY, AMZN, ORLY, VRSN and SPLS.

Three NDX stocks HANS, WCRX and XRAY closed above their 30 DMA making 56 NDX stocks above their 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 33

V, WDC, LDK, DLR, CSTR, IL, URE, GES, GRPN, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, ATI, CIEN, CRUS, SMH, SNDK, SWKS, ZION, COH, ESI, ICE, JDSU, NGLS, TLT

Moving Above 30 DMA = 8

AKS, ANF, BAC, C, CF, CHL, DHR, STI

Moving Below 30 DMA = 11

UAL

Staying Below 30 DMA

CROX, FCX, MOS, POT, X, TBT, TSL, FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, NDAQ, NVDA, SLB, ANR, RCL, TSLA, A, INFA, CRM, DECK, HAL, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, VMW, ARUN, CREE, SWN, WLT, PCX, TPX, SOHU, MCP, SINA, ZAGG, LNKD

Thirteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral