SPX Rises as Euro, XLF Rise...INTC, IBM, MSFT Beat, GOOG Gaps Lower...

Seven of nine sectors moved higher on Thursday, XLI, XLF and XLY were the strongest sectors.

Money Flow

Euro    +107 pips     1.2966

TNX     +0.75             19.72

TLT      -1.65            118.32

XLF     +0.13             14.05

SPX    +6.46         1,314.50

VIX      -1.02              19.87

COMPQ +0.67%

NDX +0.65%

SPX +0.49%

RUT +0.40%

INDU +0.36%

Money Flow did follow the Euro higher as TNX rose and bonds closed lower.   XLF and the SPX moved higher.  TLT closed below its 30 DMA today.  The SPX made its highest close since July 26 and is just 56 points below its May 2 high of 1,370, the SPX’s highest level since the March 2009 low.  The SPX  new chart target of 1,428 within 12 weeks.  The NDX made a new High Close today for the current bull market since the low in March 2009.

The VIX did confirm the rising SPX today with its lowest close since July 25.

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SPY moved up 69 cents on volume of 126.2 million shares.

Breadth weakened as advancers led decliners 1.90 to 1 on the NYSE and 1.40 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,954          1,463

Decliners         1,027          1,040

AMZN, GOOG, EBAY, CSCO, INTC, ORCL, NTAP, FFIV, BRCM, NWSA and QCOM led the NDX higher on Thursday.

Thursday Earnings of Interest

BAC beat

FLEX miss

FCX beat

GOOG miss gap down

INTC beat

IBM beat

ISRG beat gap down

MSFT beat

MS beat

SWKS beat

UNP beat

UNH beat

(click image to enlarge)

Earnings continue with GE, STI and SLB reporting on Friday.

Leading stocks > +2% on Thursday FFIV, ARUN, CRM, JNPR, RVBD, CREE, INFA, UAL, LNKD, SOHU, VECO, TIF, ATI, GES, TPX, HAL, GS, SLB, GRPN, ICE, VMW, TBT, NVDA, FAS, BAC, ZAGG, JDSU, AKS, SINA, F, UNP, CRUS, CF

Losing stocks < -2.0% included TSL, LDK, STI, FAZ, SWK, SWN

NDX 100 stocks stronger than the NDX included FFIV, SHLD, CTRP, NTAP, NFLX, BRCM, FLEX, EBAY, SPLS and ADSK.

Stocks weaker than the NDX include FSLR, EA, BIDU, ALXN, GOLD, VRTX, APOL, AVGO, MCHP and ESRX.

Six NDX stocks BMC, CHRW, EBAY, NTAP, NVDA and SHLD closed above the 30 DMA making 95 NDX stocks above their 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 68

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, X, A, C, CAT, CLF, FCX, MOS, POT, TPX, ESI, RVBD, SNDK, GLW, KKD, CREE, GS, JNPR, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, UCO, ARUN, CDE, CRM, FFIV, HAL, NDAQ, SLB

Moving Above 30 DMA = 9

GES, GRPN, ICE, INFA, NTES, NVDA, TBT, VMW, WLT

Moving Below 30 DMA = 1

TLT

Staying Below 30 DMA

ANR, TIF, PCX, ANF, IBM,FAZ, TSLA, DECK, SWN, ZAGG

Fifteen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up