Six of nine sectors moved higher on Thursday, XLB, XLI and XLK were the strongest sectors.
Money Flow
Euro +105 pips 1.2812
TNX +0.29 19.33
TLT -0.17 119.69
XLF +0.06 13.92
SPX +3.02 1,295.50
VIX -0.58 20.47
COMPQ +0.51%
RUT +0.42%
NDX +0.41%
SPX +0.23%
INDU +0.17%
Money Flow did follow the Euro higher as TNX rose and bonds fell. XLF and the SPX moved higher. The VIX did confirm the rising SPX today. The SPX stayed above its recent pennant pattern breakout continuing its intermediate term up trend reaching a new high.
Upcoming key earning reports include JPM, INTC, IBM and AAPL.
SPY moved up 31cents on volume of 118.7 million shares.
Breadth strengthened as advancers led decliners 1.59 to 1 on the NYSE and 1.58 to 1 on the NASDAQ.
Exchange NYSE NASDAQ
Advancers 1,838 1,535
Decliners 1,151 967
BIDU, GOOG and QCOM moved higher. AAPL, AMZN and PCLN moved lower.
Leading stocks > +2% on Thursday TSL, MCP, SINA, RCL, LNG, DOW, SOHU, GES, UAL, HLF, CREE, CSTR, CAT, V, ICE, CIEN
Losing stocks < -2.0% included UCO, LDK, ZAGG, AKS, DECK
NDX 100 stocks stronger than the NDX included FOSL, RIMM, CTRP, BRCM , CA
Stocks weaker than the NDX include INFY, WYNN, CTSH, AMZN, BBBY, CERN, EXPE, DTV, AKAM and KLAC.
One NDX stock WYNN closed above its 30 DMA and two DLTR and NVDA close below making 82 NDX stocks above their 30 DMA.
Stocks to Watch on Friday
Holding Above 30 DMA = 63
V, WDC, LDK, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, ATI, CIEN, CRUS, SMH, SWKS, ZION, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, HAL, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, RVBD, SNDK, GLW, KKD, CREE, FFIV, GS, JNPR, CROX, HLF, LNKD, LVS, NDAQ, RCL, SLW, SOHU, TSL, ANR, CSTR, SINA, TLT, VECO
Moving Above 30 DMA = 5
ARUN, CDE, COH, GES, MCP
Moving Below 30 DMA = 1
UCO
Staying Below 30 DMA
NVDA, SLB, TBT, TIF, PCX, ANF, IBM, ICE, GRPN, NTES, FAZ, TSLA, INFA, CRM, DECK, VMW, SWN, WLT, ZAGG
Fourteen Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
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