NFLX Gaps Up, SPX Hits Target Reverses, Potential Yellow Alert...

Eight of nine sectors moved lower on Thursday.  XLU, XLB and XLY were the strongest sectors.

Thursday is once again a potential short-term Yellow Alert exit signal.  Watch for a potential break below the low of the high day on Friday.  The intermediate term trend is still up. Thursday’s net pullback was modest although the SPX was down 15 points from its high after reaching its 1,332 price target from its January 3 horizontal breakout.

Money Flow

Euro      +00 pips    1.3106

TNX        -0.76            19.31

TLT         +1.54          116.17

XLF         -0.12            14.08

SPX         -7.63       1,318.43

VIX          +0.26            18.57

INDU -0.18%

RUT -0.34%

NDX -0.45%

COMPQ -0.46%

SPX -0.58%

Money Flow was a little atypical at the end of the day with the Euro flat after rising early and pulling back.  TNX was lower and bonds closed higher.   XLF and the SPX closed lower.  The most recent SPX breakout has a chart target of 1,428 within 12 weeks.

The VIX did confirm the SPX today.

(click image to enlarge)

SPY moved down 68 cents on volume of 184.8 million shares.  NFLX +20.97, +22.06% reached its highest level since October.  RVBD gapped lower -13.77% after the close with earnings that beat but at the same time lowered guidance for Q1.

Breadth weakened as decliners led advancers 1.03 to 1 on the NYSE and 1.21 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,474          1,137

Decliners         1,532          1,376

Thursday’s Earnings of Interest

RVBD beat lowers guidance

INFA beat

UAL beat

LCC beat

ALK miss

CAT beat raise guidance

MMM beat

CRUS meet

JNPR meat lowers guidance

ESI beat enrollment down

KLAC EPS meet revenues beat

(click image to enlarge)

Earnings season continues…

Friday – MO, CVX, DHI, F, HON, PG

Leading stocks > +2% on Thursday UAL, LDK, TSLA, ENTR, KKD, CAT, IL

Losing stocks < -2.0% included SNDK, ESI,ZION, STI, ATI, CF, SWN, PCX, X, A, SINA, GLW, GRPN, HUM, MCP, TBT, INFA, ANR, AKS, ANF

NDX 100 stocks stronger than the NDX included NFLX, FSLR, AMZN, FOSL, CHRW, VMED, LINTA, SBUX, INFY and EXPD.

Stocks weaker than the NDX include SNDK, MU, CTXS, GMCR,WCRX, APOL, LRCX, SIAL, WFM and PCAR.

Three NDX stocks COST, SNDK and VOD closed below the 30 DMA leaving 91 NDX stocks above their 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 73

WDC, DLR, IL, URE, CMG, DE, DOW, ENTR, FAS, SWK, UNP, F, NKE, CIEN, CRUS, SMH, SWKS, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, RVBD, KKD, CREE, GS, JNPR, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, NDAQ, SLB, INFA, NTES, NVDA, TBT, VMW, WLT, IBM, ZAGG, ICE, UAL, V, TSLA, UCO

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

ANF, ANR, ATI, GES, SNDK, SWN, ZION

Staying Below 30 DMA

GLW, HUM, LDK, GRPN, TLT, TIF, PCX, FAZ, DECK

Sixteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up