SPX Closes Lower...

Six of nine sectors moved lower on Wednesday.  XLE, XLU and XLV were the strongest sectors.

The SPX and the other broad indexes pulled back modestly on Wednesday.  BIDU and PCLN rose as AAPL. AMZN, GOOG, NFLX and QCOM moved lower.

Money Flow

Euro    +25 pips   1.3249

TNX     -0.40         20.05

TLT    +1.45        116.74

XLF     -0.19          14.58

SPX    -4.55     1,357.66

VIX     +0.00         18.19

INDU -0.21%

SPX -0.33%

NDX -0.40%

COMPQ -0.52%

RUT -0.82%

Money Flow was atypical as the Euro moved higher and TNX, XLF and SPX moved lower.  Bonds TLT moved higher.  The VIX was unchanged.  The most recent SPX breakout has an intermediate term chart target of 1,428 within 12 weeks of the breakout.

The VIX was unchanged and did not confirm the SPX on Wednesday.

Breadth weakened as decliners led advancers 1.55 to 1 on the NYSE and 2.03 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,179             834

Decliners         1,828          1,695

The Euro continued to rise from its short-term support area towards it early February short-term resistance area.

Leading stocks > +2% on Wednesday included HLF, MOS, HAL, SLW, FAZ, MCP

Losing stocks < -2.0% included TSL, JDSU, CIEN, RCL, STI, ZION, IL, FAS, C, ATI, X, DOW, ANR, SINA, TBT, ENTR, GRPN, AKS, WLT, F, PCX

NDX 100 stocks stronger than the NDX included GRMN, INTU, MYL, MNST, BIDU, SHLD, ALXN, ROST, CTRP and MXIM.

Stocks weaker than the NDX include DELL, FSLR, NFLX, NUAN, AKAM, MU, YHOO, TEVA, INTC and VOD.

Three NDX stocks CHRW, CTXH and SPLS closed above the 30 DMA and seven DELL, EXPD, FSLR, NFLX, SIRI, TEVA and VOD closed below leaving 72 NDX stocks above their 30 DMA.

Stocks to Watch on Thursday

Holding Above 30 DMA = 63

WDC, CMG, DOW, ENTR, FAS, SWK, NKE, CRUS, SMH, SWKS, JDSU, NGLS, BAC, CF, CHL, STI, A, C, CAT, TPX, ESI, KKD, CREE, GS, CROX, HLF, LNKD, LVS, SLW, TSL, CSTR, VECO, COH, CRM, FFIV, SLB, INFA, NTES, NVDA, SWI, VMW, IBM, ZAGG, TSLA, LDK, GES, JNPR, V, ICE, ZION, NDAQ, TIF, RVBD, SWN, UCO, ANF, DECK, CDE, DHR, MOS, TBT, HAL

Moving Above 30 DMA = 1

MCP

Moving Below 30 DMA = 7

CIEN, DLR, F, GLW, HUM, RCL, URE

Staying Below 30 DMA

ARUN, SINA, UAL, DE, UNP, CLF, FCX, IL, X, GRPN, ANR, PCX, POT, MCP, SOHU, AKS, TLT, ATI, SNDK, FAZ

Four Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral