NDX, RUT, XLF Lead Stocks Higher as VIX Moves Lower...

 

Five of nine sectors moved higher on Thursday.  XLE, XLF and XLP were the strongest sectors.

The SPY formed an inside day doji trading in a range of 81 cents just below horizontal resistance.  The intermediate term trend is still up.

Money Flow

Euro     -16 pips    1.3144

TNX      -0.21            18.25

TLT       -0.05          119.13

XLF      +0.07            14.35

SPX      +1.45       1,325.54

VIX        -0.57            17.98

RUT +0.40%

COMPQ +0.40%

NDX +0.31%

SPX +0.11%

INDU -0.09%

Money Flow was typical as the Euro moved slightly lower and TNX moved higher and bonds closed near unchanged.   XLF and the SPX moved slightly higher.  The most recent SPX breakout has a chart target of 1,428 within 12 weeks of the breakout.

The VIX moved down and did confirm the slightly higher SPX on Thursday.

(click image to enlarge)

SPY moved up 21 cents on volume of 113 million shares.

Breadth weakened as advancers led decliners 1.31 to 1 on the NYSE and 1.54 to 1 on the NASDAQ.

Exchange        NYSE        NASDAQ

Advancers       1,695          1,525

Decliners         1,289             990

Bull flags with entry signals on Tuesday SPY, X and LVS continued to move higher on Thursday.   A, CF, PCLN, CRM and LVS paused at resistance.

ESI, VMW, INFA, CHKP, LRCX, CTXS, CREE, VECO which gave bull flag entry signals on Wednesday continued to move higher on Thursday.

NFLX and SOHU gave entry signal on Thursday.  CAT and CTRP are still in a bull flag today…look for potential entry on Friday.   

Thursday Earnings of Interest

CME beat

MA beat

MCHP beat

PCX miss

RCL beat, guides lower

Leading stocks > +2% on ENTR, PCX, LDK, ANR, GRPN, LNKD, SWKS, ICE, WLT, UAL, NVDA, CREE, V, TSLA

Losing stocks < -2.0% included ANF, JDSU, AKS, GES, IL, CMG

NDX 100 stocks stronger than the NDX included GMCR, BMC, EA, FSLR, ISRG, NVDA, MRVL, RIMM, COST and WYNN.

Stocks weaker than the NDX include WCRX, CTRP, PCAR, VRSN, APOL, FFIV, EXPD, NUAN, NWSA and FLEX.

One NDX stock EA closed above the 30 DMA and two ADP and YHOO closed below the 30 DMA making 90 NDX stocks above their 30 DMA. 

Stocks to Watch on Friday

Holding Above 30 DMA = 72

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, KKD, CREE, GS, CROX, HLF, LNKD, LVS, RCL, SLW, SOHU, TSL, CSTR, SINA, VECO, COH, MCP, ARUN, CDE, CRM, FFIV, HAL, SLB, INFA, NTES, NVDA, VMW, WLT, IBM, ZAGG, UAL, TSLA, UCO, LDK, TLT, GES, DECK, GRPN, JNPR, V

Moving Above 30 DMA = 4

ANR, ICE, PCX, ZION 

Moving Below 30 DMA = 3

ANF, HUM, TIF

Staying Below 30 DMA

NDAQ, SWN, TBT, RVBD, UCO, ATI, SNDK, GLW, FAZ

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up