SPX Pauses Above Resistance Breakout...Euro Lower...VIX Lower...

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Listen to Dave on tastytrade this morning at the 118:55 minute mark click here: https://www.tastytrade.com/#/

Only three of nine sectors moved higher on Friday, XLV, XLY and XLK were the strongest sectors.  XLY has been one of the strongest sectors this week as related stocks like GM, F and TM performed well.

Money Flow

Euro      -67 pips    1.2717

TNX       -0.32            19.61

TLT       +0.93          118.73

XLF        -0.09            13.39

SPX       -3.25       1,277.81

VIX         -0.85            20.63

NDX +0.31%

COMPQ +0.16%

SPX -0.25%

RUT -0.34%

INDU -0.45%

Money Flow did follow the Euro lower as bonds rose and TNX, XLF and SPX moved lower.  The VIX did NOT confirm the SPX pullback today and moved to its lowest level since July 23, 2011.

The Euro fell to a new low and the SPX paused while the NDX rose on the strength of AAPL, AMZN, NFLX, BRCM, NTAP, DELL, ORCL and MSFT.

The SPX made its highest low since October and traded in a narrow 8.50 point range after pulling back 7 points from its open.  The SPX turned short-term Neutral on Friday and may be poised for a short-term pullback.

(click image to enlarge)

SPY moved down 33 cents on volume of 148 million shares, a drop of 25.6 million below Thursday’s volume.

Breadth weakened as decliners led advancers 1.14 to 1 on the NYSE and 1.24 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,405          1,118

Decliners         1,603          1,388

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

Leading stocks > +2% on Friday KKD, ESI, CIEN, ARUN, MCP, CRM, WDC

Losing stocks < -2.0% included SINA, CSTR, CROX, WLT, TSL, SOHU, LNG, POT, ANR, NTES, LVS, ANF, BAC

NDX 100 stocks stronger than the NDX included NFLX, APOL, LIFE, MRVL, AMZN, ALXN, VRTX, BRCM, STX and RIMM.

Stocks weaker than the NDX include EA, FOSL, WYNN, SHLD, GMCR, CTXS, COST, ISRG, CTRP and BMC.

Four NDX stocks BRCM, CA, EXPD and VMED closed above their 30 DMA and five BIDU, FLEX, SIAL, WYNN and YHOO closed below making 74 NDX stocks above their 30 DMA. 

Stocks to Watch on Monday

Holding Above 30 DMA = 47

V, WDC, LDK, DLR, IL, URE, GES, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO, ATI, CIEN, CRUS, SMH, SWKS, ZION, JDSU, NGLS, AKS, BAC, CF, CHL, DHR, STI, HAL, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, COH, ESI, RVBD, NVDA, SNDK

Moving Above 30 DMA = 2

GLW, KKD

Moving Below 30 DMA = 9

ANR, CROX, GS, JNPR, RCL, SOHU, TBT, TIF, VECO,

Staying Below 30 DMA

CSTR, LVS, PCX, ANF, IBM, NDAQ, TLT, TSL, ICE, GRPN, FFIV, NTES, FAZ, CDE, SLB, TSLA, INFA, CRM, DECK, HLF, SLW, VMW, ARUN, CREE, SWN, WLT, MCP, SINA, ZAGG, LNKD

Fourteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral