Futures Point to a Higher Open...SPY in Bull Flag Pattern...

Look for SPY to move above the high of the low day in bull flag pattern...follow your rules.

SPY, XLF in Bull Flag Pattern...XLF Forms Hammer...

Four of nine sectors moved higher on Thursday, XLU, XLV and XLB were the strongest sectors.

Breadth strengthened as decliners led advancers 1.56 to 1 on the NYSE and 1.33 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,161          1,064

Decliners         1,815          1,418

Bull Flag Setup on EXPE, AMZN, KLAC, CTXS, ORLY, BIDU, PCLN, SBUX, QCOM, LRCX, X, AKS, WDC, CMG, CROX, FAS

Leading stocks > +2% on Thursday included MCP, PCX, WLT, VMW, AKS, HUM, CLF, ANR, FAZ, ESI, RVBD, INFA, SLW, UAL, JNPR, X

Losing stocks < -2.0% included MOS, UCO, LDK, FAS, SOHU, POT, NDAQ, BAC, GS

NDX 100 stocks stronger than the NDX included EXPE, AMZN, DTV, APOL, INTC, MNST, VMED, ALXN, CHKP and GOLD

Stocks weaker than the NDX include WFM, CTRP, NFLX, GMCR, MU, SHLD, PAYX, EA, NWSA, and NTAP

Stocks to Watch on FRIDAY

Holding Above 30 DMA = 51

CMG, CRUS, SWKS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, TIF, DLR, SNDK, BAC, C, COH, FAS, GS, NTES, SWK, ZION, DHR, TBT, FFIV, MCP, GLW, URE, DOW, SMH, STI, CLF, X, CIEN, CREE, RCL,  SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, HUM, TSLA, UAL, JNPR, NVDA

Moving Above 30 DMA = 2

F, RVBD

Moving Below 30 DMA = 2

MOS, POT
Staying Below 30 DMA

ANF, ARUN, CF, NDAQ, RVBD, UCO, UNP, VECO,

DE, ICE, NGLS, NKE, AKS, SINA, F, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, SLW, CDE, LDK, SLB, ENTR, HAL, ESI, IL, DECK, WLT, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Lower Open...

Follow Your Rules...

SPY Pulls Back to Higher Low, Bull Flag Pattern...AAPL New High Close...

One of nine sectors moved higher on Wednesday, XLF, XLV and XLP were the strongest sectors.

Breadth weakened as decliners led advancers 1.69 to 1 on the NYSE and 1.84 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,122             887

Decliners         1,901          1,636

Bull Flag Setup on WDC, INFA, CMG, CRM, CROX, FAS

Leading stocks > +2% on Wednesday included UAL, LDK, NVDA, KKD

Losing stocks < -2.0% included ARUN, WLT, ENTR, AKS, ANR, SWI, VECO, SOHU, SLW, FCX, CAT, TSL, ZAGG, ANF, SWN, ATI, SINA, SWKS, DECK, GRPN, UCO,ESI, A, CF, UNP, PCX, DOW, TIF, CLF, CRUS

NDX 100 stocks stronger than the NDX included NVDA, FLEX, WFM, GOOG, DTV, ESRX, WCRX, CSCO, MU and ROST.

Stocks weaker than the NDX include SHLD, CTRP, EXPE, GMCR, FSLR, ALXN, INFY, AMAT, GOLD and APOL.

Stocks to Watch on Thursday

Holding Above 30 DMA = 52

CMG, CRUS, SWKS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, TIF, DLR, SNDK, BAC, C, COH, FAS, GS, NTES, SWK, ZION, DHR, TBT, FFIV, MCP, GLW, URE, DOW, SMH, STI, CLF, X, CIEN, CREE, RCL, POT, SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, MOS, HUM, TSLA, UAL, JNPR

Moving Above 30 DMA = 1

NVDA

Moving Below 30 DMA = 8

ANF, ARUN, CF, NDAQ, RVBD, UCO, UNP, VECO

Staying Below 30 DMA

DE, ICE, NGLS, NKE, AKS, SINA, F, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, SLW, CDE, LDK, SLB, ENTR, HAL, ESI, IL, DECK, WLT, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Trading is Flat in Pre-market...GOOG, AAPL, AMZN Trading Higher...

BMO - ES -1.00 and NQ +1.00 point to a mixed open 20 minutes before the open...pre-market volume is light...

The ES made a new high close on Monday 1,415 and still has a chart target by mid-April of 1,427... 

Continue to watch Monday's S1 level for short term support...

ESRX is a gap up on heavy volume...

AAPL, AMZN, BIDU, GOOG, NFLX and PCLN are higher in pre-market trading... 

XLF is down 1 cent on 59,800 shares...
FAS is down 2 cents...
Euro is down 11 pips...
TLT is up 42 cents...
  

Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up:  GOOG, AAPL, ESRX, CERN, AMZN, FOSL, ALXN, LNKD, CMG, DECK, CSTR, VMW, TIF, CRM, NDAQ, SNDK, ATI, CDE, ZION, RVBD, SWK, TSLA, MCP, MOS, NVDA, DTV, PCLN, KLAC, NTAP, SRCL, STX, GMCR, NFLX, NUAN

Quoting Down:  UCO, ANF, FFIV, SINA, DE, FCX, HLF, CAT, FAS, BIIB, INFY, GOLD, CHKP

Trading Pauses, Pulls Back on Tuesday, SPX Holds Above S1...

.

Two of nine sectors moved higher on Tuesday, XLU, XLV and XLK were the strongest sectors.

Breadth weakened as decliners led advancers 1.39 to 1 on the NYSE and 1.67 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,243             945

Decliners         1,736          1,581

Tuesday’s trading was a typical pause pullback day after a strong trend move day on Monday.  Only thirty five of the NDX 100 rose led by AAPL +7.50, +1.24% which closed at $614.48 on 21.6 million shares.  

The SPY moved down 44 cents on volume of 119.6 million shares, after rising $1.96 on Monday.  The SPX stayed above its S1 level the first short-term support level with candlestick analysis which is typically a bullish indication of a probable trend continuation.

Money Flow

Euro       -40 pips    1.3315

TNX        -0.57          22.44

TLT        +0.81        112.63

XLF        -0.14          15.97

SPX        -3.99     1,412.52

VIX        +1.33          15.59

NDX +0.15%

COMPQ -0.07%

SPX -0.28%

INDU -0.33%

RUT -0.73%

Money Flow was typical on Monday the Euro, TNX, XLF and SPX moved lower.  Bonds TLT moved higher.  The VIX moved higher and did confirm the SPX move on Tuesday.

While it is a good idea to move stops to protect profits according to your rules, Tuesday’s trading does indicate that this intermediate term trend is still most likely to continue.

The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18.

(click image to enlarge)

Continuation:  A, SBUX, ROST, KLAC, ISRG, AMZN, BIIB

Pause:  CLF, PCLN, CMG, SWI, SMH, BIDU, V, DLR, QCOM, CELG, ORLY, CHKP, ADSK

Pause in Flag Move:  RCL, ZION, STI, CREE, GLW, HLF, LVS, CSTR, INFA, SWK, VECO,

Breakout Move:  JDSU, JNPR, AAPL, ADBE, DHR, SOHU, CIEN

Flag Move:  CIEN, SHLD

 (click image to enlarge)

Flag Setups: AKS, X, SWKS, NGLS, TIF, ANF, C, TBT

Breakout Setups: VMW, CROX, WYN, TPX, DOW, COH, BAC, FAS, URE, BRCM, CSTR, HLF, LVS, GLW, POT, INFA, CF, ZAGG, PNRA, NTAP, AKAM, FOSL, CERN, WYNN, FFIV, GRMN, GS, GOOG, CTXS

Leading stocks > +2% on Tuesday included MCP, GRPN, SINA, JNPR, CIEN, JDSU, IL, SOHU, FAZ

Losing stocks < -2.0% included LDK, PCS, PCX, SLB, DECK, BAC, ESI, VECO, TSL, HAL, CRM, FAS, NDAQ, SWI

NDX 100 stocks stronger than the NDX included MU, SHLD, INTU, AMZN, AAPL, LRCX, ISRG, VMED, MNST and ATVI.

Stocks weaker than the NDX include APOL, EXPE, GOLD, CERN, STX, NUAN, CTXS, SPLS, FSLR and FOSL.

Four NDX stocks AMGN, EA, GILD and MU closed above the 30 DMA making 84 NDX stocks above their 30 DMA.

Stocks to Watch on Wednesday

Holding Above 30 DMA = 59

CMG, CRUS, SWKS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, TIF, DLR, SNDK, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, ARUN, DOW, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, CF, POT, SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, MOS, UCO, HUM, RVBD, TSLA, UAL, UNP

Moving Above 30 DMA = 1

JNPR

Moving Below 30 DMA = 4

DE, ICE, NGLS, NKE

Staying Below 30 DMA

AKS, SINA, F, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, SLW, CDE, LDK, SLB, ENTR, HAL, ESI, IL, NVDA, DECK, WLT, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up 

Futures Trading Point to a Flat Open...

BMO - ES -0.75 and NQ -0.50 point to a flat open 10 minutes before the open...pre-market volume is light...

The ES made a new high close on Monday 1,415 and by mid-April to 1,427 target...

XLF is up 1 cent on 23,100 shares...
FAS is up 2 cents...
Euro is down 14 pips...
TLT is up 17 cents...
  

Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up:  LNKD, VMW, SINA, CROX, FFIV, CF, CRUS, MOS, LVS, JDSU, POT, COH, ATI, JNPR, VECO, AMZN, TEVA, SHLD, CTSH, BBBY, LIFE, EA, QCOM, COST

Quoting Down:  CMG, TIF, CRM, UCO, APOL, PCLN, EXPE, AAPL, WYNN, GOLD, FOSL, GOOG, ROST, GMCR

Trading Support Bounce Continues as Many Stocks Make Bull Flag and Breakout Moves on Monday...

.

All nine sectors moved higher on Monday, XLV, XLY and XLF were the strongest sectors.

Breadth strengthened as advancers led decliners 3.14 to 1 on the NYSE and 3.21 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       2,306          1,952

Decliners           734             607

Monday’s trading was a strong support bounce continuation trend move.  Ninety four of the NDX 100 rose led by AAPL +10.93, +1.83% which closed at $606.98 on 21.2 million shares.  

The SPY moved up $1.96 on volume of 119.1 million shares.  Thursday night's SPY Apr 141 paper trade filled on Friday at $1.31 at 11:30:20, closed on Monday  at $2.37, +1.06 or +80.9%.  Not bad for a person with no leaping ability!

Money Flow

Euro      +89 pips   1.3355

TNX        +0.07        22.44

TLT         -0.58       112.63

XLF        +0.24         15.97

SPX      +19.40    1,416.51

VIX          -0.56        14.26

RUT +1.94%

COMPQ +1.78%

NDX +1.81%

SPX +1.39%

INDU +1.23%

Money Flow on Monday the Euro, SPX and XLF moved higher.  TNX moved slightly higher and bonds TLT moved lower.  The VIX moved lower and did confirm the SPX move on Monday.

Our Friday comment was right on…“Going into next week, if the Euro continues to move higher, we will look for strength in financials XLF and SPX to follow through with the support bounce that started on Friday.”

The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18

(click image to enlarge)

Continuation:  CLF, A, PCLN, SBUX

Flag Move:  RCL, BRCM, ZION, STI, CREE, GLW, CMG, TPX, HLF, LVS, CSTR, INFA, SWI, DOW, COH, SWK, VECO, DHR, URE, SMH, POT, SOHU, CROX, JDSU, WYN,

Breakout Move:  SWI, SMH, BIDU, BAC, FAS, VMW, V, DLR, GS, ROST, KLAC, ISRG, AMZN, GOOG, BIIB, WYNN, CTXS, QCOM, CELG, ORLY, CHKP, ADSK

 (click image to enlarge)

Flag Setups: AKS, X, SWKS, NGLS, TIF, ANF, C, TBT, CIEN, SHLD

Breakout Setups: GLW, CROX, JDSU, BRCM, CSTR, POT, SOHU, HLF, LVS, INFA, DOW, COH, DHR, CF, ZAGG, PNRA, NTAP, AKAM, FOSL, CERN, AAPL, WYNN, FFIV, GRMN, ADBE

Leading stocks > +2% on Monday included TSLA, SWI, FAS, CROX, CSTR, KKD, SOHU, ESI, JDSU, RCL, POT,LDK, GRPN, GLW, INFA, DECK, COH, HUM, DE, TPX, SNDK, LVS, UNP, CRM, CMG, RVBD, UAL, NDAQ, FFIV

Losing stocks < -2.0% included TSL, SINA, FAZ

NDX 100 stocks stronger than the NDX included BIDU, AMZN, BIIB, EXPE, CTXS, WCRX, ADSK, AKAM, ROST and QCOM.

Stocks weaker than the NDX include GMCR, MU, VRTX, SHLD, SIRI, STX and MRVL.

Eight NDX stocks ALTR, AKAM, ESRX, FLEX, INTU, LLTC, MYL and WCRX closed above the 30 DMA and one MU moved below making 80 NDX stocks above their 30 DMA.

Stocks to Watch on Tuesday

Holding Above 30 DMA = 56

CMG, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, ICE, TIF, DLR, SNDK, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, ARUN, DOW, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, CF, POT, SOHU, CHL, CROX, WDC, ZAGG, A, JDSU, MOS, UCO

Moving Above 30 DMA = 7

DE, HUM, NKE, RVBD, TSLA, UAL, UNP

Moving Below 30 DMA = 1

AKS

Staying Below 30 DMA

SINA, F, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, WLT, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up

Futures Trading Points to a Higher Open and Support Bounce Continuation...

BMO - ES +8.75 and NQ +18.00 point to a higher open 25 minutes before the open...pre-market volume is light...


As said on Friday we are looking for support bounce continuation back to last week's high ES 1,408 this week and by mid-April to 1,427 target...


XLF is up 16 cents on 245,100 shares...
FAS is up $2.70...
Euro is up 48 pips...
TLT is down 59 cents...

PCLN, AAPL, GOOG, BIDU, NFLX moving higher in pre-market...

WFM is gapping down in pre-market...


Flag Setups: ZION, STI, AKS, X, CREE, SWKS, GLW, CMG, NGLS, TPX, HLF, LVS, CSTR, INFA, SWI, TIF, ANF, C, COH, SWK, VECO, DHR, TBT, URE, SMH, CIEN, RCL, POT, SOHU, CROX, JDSU, WYN, SINA, BRCM,

Breakout Setups: VMW, V, DLR, CF, ZAGG 

Flag Entry on Friday: BAC, FAS, GS, DOW, CLF, A

     

Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: PCLN, AAPL, GOOG, GOLD, BIDU, FFIV, CF, FAS, IBM, TSLA, DE, LNKD, GS, SWI, CAT, VMW, CRM, SINA, ESI, CLF, LVS, SLB, SLW, POT, SNDK, NTES, C, FCX, CIEN, RCL, V, FFIV, NKE, X, URE, MCP, RVBD, STI, MOS, SWKS, UCO, CREE, WYNN, AMGN, NFLX, AMZN, TEVA, FOSL, CTXS, QCOM, FAST, APOL, CELG, ORCL, PAYX, ESRX, FSLR, SBUX, SHLD

Quoting Down:  WFM, ALXN, TLT, FAZ, TIF,

Trading Creates Support Bounce in XLF, RUT and SPX on Friday...Advancers Swing to the Positive...

.
Listen to Dave on tastytrade on Friday at the 123:08 minute mark, Click Here:  https://www.tastytrade.com/#/



SPY and XLF support bounce on Friday...Thursday night's SPY Apr 141 paper trade filled on Friday at $1.31 at 11:30:20.

Eight of nine sectors moved higher on Friday, XLE, XLB and XLF were the strongest sectors.

Breadth strengthened as advancers led decliners 2.46 to 1 on the NYSE and 2.01 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       2,123          1,669

Decliners           863             829

The SPY moved up 45 cents on volume of 120.5 million shares.

AAPL -3.29, -0.55% closed at $596.05 on 15.3 million shares.

Money Flow

Euro      +67 pips   1.3267

TNX        -0.38         22.37

TLT        +1.06       113.21

XLF        +0.14         15.73

SPX        +4.33    1,397.11

VIX         -0.75         14.82

RUT +1.05%

SPX +0.31%

INDU +0.27%

COMPQ +0.15%

NDX -0.11%

Money Flow on Friday took the Euro, SPX and XLF higher.  TNX moved lower and bonds TLT moved higher.  The VIX moved lower and did confirm the SPX move on Friday.

On Thursday the Euro started to bounce off its 1.3150 support area after selling off Wednesday night and that support bounce continued on Friday.  Buying then spread to the financials XLF, SPX and stocks in general on Friday as evidenced in the gaining sectors and advancers and decliners. 

For the most part the SPX, XLF and VIX regained half their move from Tuesday’s close to Thursday’s close on Friday; a pullback on Wednesday and Thursday then a bounce on Friday.  Of course for the inverse VIX it was a rally on Wednesday and Thursday and a move down on Friday.

Going into next week, if the Euro continues to move higher, we will look for strength in financials XLF and SPX to follow through with the support bounce that started on Friday.

(click image to enlarge)

The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18.

Flag Move: BAC, FAS, GS, DOW, CLF, A

Flag Setups: ZION, STI, AKS, X, CREE, SWKS, GLW, CMG, NGLS, TPX, HLF, LVS, CSTR, INFA, SWI, TIF, ANF, C, COH, SWK, VECO, DHR, TBT, URE, SMH, CIEN, RCL, POT, SOHU, CROX, JDSU, WYN, SINA, BRCM

(click image to enlarge)

Breakout Setups: VMW, V, DLR, CF, ZAGG      

Leading stocks > +2% on Friday included SLW, TSL, CF, WLT, VECO, UAL, LDK, UCO, BAC, MOS, FAS, CLF, CDE, NTES, SWN, CREE

Losing stocks < -2.0% included NKE, SNDK, FAZ

NDX 100 stocks stronger than the NDX included LIFE, VRTX, AMZN, NFLX, KLAC, CHKP, BRCM, INFY, NTAP and CA.

Stocks weaker than the NDX include MU, DELL, FSLR, SNDK, SHLD, EBAY, APOL, GMCR, CTXS and SPLS.

One NDX stock LIFE closed above the 30 DMA and three ALTR, ESRX and MYL moved below leaving 73 NDX stocks above their 30 DMA.

Stocks to Watch on Monday

Holding Above 30 DMA = 53

CMG, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, V, ICE, TIF, DLR, SNDK, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, ARUN, DOW, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, AKS, CF, POT, SOHU, CHL, CROX, WDC, ZAGG

Moving Above 30 DMA = 4

A, JDSU, MOS, UCO

Moving Below 30 DMA = 3

NKE, SINA, TSLA

Staying Below 30 DMA

F, UNP, KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, RVBD, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, HUM, UAL, WLT, DE, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

.

Futures Trading Points to a Mixed Open....

BMO - ES -0.75 and NQ +1.00 point to a mixed open 30 minutes before the open...pre-market volume is light...

XLF is flat on 161,900 shares...
Euro is up 55 pips...
TLT is up 53 cents...

Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: MOS, INFA, GS, FFIV, HLF, CF, SLW, WLT, TLT, POT, UCO, SINA, CSTR, TSLA, DECK, URE, TSL, NFLX, LRCX, WYNN, BIDU, GMCR, ALXN, CERN, AAPL, FSLR

Quoting Down:  GOLD, CMG, VMW, CLF, SNDK, JNPR, WFM, SHLD, BBBY, PCLN, AMZN, MAT, DLTR

.
 

SPX Trading Lower as Financials and Euro Pull Back...

Two of nine sectors moved higher on Thursday, XLU, XLP and XLK were the strongest sectors.

Breadth weakened as decliners led advancers 3.03 to 1 on the NYSE and 2.21 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers          740             777

Decliners         2,243          1,719

The SPY moved down $1.01 on volume of 135.1 million shares.

AAPL -3.16, -0.52% closed at $599.34 on 23 million shares.

Leading stocks > +2% on Thursday included WDC, FAZ, LNKD, CROX,

Losing stocks < -2.0% included KKD, X, CX, SWN, MCP, WLT, ANR, FAS, FCX, VECO, STI, ENTR, HAL, UNG, UAL, CLF, CDE, SLB, IL, JDSU, ATI, ZION, CREE, UCO, SLW, URE, C, GRPN, CAT, AKS, DECK, A, BAC, TSLA, UNP, POT

NDX 100 stocks stronger than the NDX included STX, SBUX, FSLR, BIDU, ATVI, VOD, BMC, LIFE, ALXN and PCLN.

Stocks weaker than the NDX include GOLD, INTU, SHLD, GMCR, ORCL, INFY, CTRP, RIMM, NTAP and NUAN.

Two NDX stocks CA and STX closed above the 30 DMA and five AKAM, FLEX, INTU, LLTC and ORCL moved below leaving 75 NDX stocks above their 30 DMA.

Stocks to Watch on Friday

Holding Above 30 DMA = 56

CMG, NKE, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, TSLA, V, ICE, TIF, DLR, SNDK, SINA, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, ARUN, DOW, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, AKS, CF, POT, SOHU, CHL, CROX, WDC, ZAGG

Moving Above 30 DMA =0

Moving Below 30 DMA = 2

A, F, JDSU, MOS, UCO, UNP

Staying Below 30 DMA

KKD, TSL, ATI, CAT, SWN, GES, PCS, FAZ, TLT, RVBD, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, HUM, UAL, WLT, DE, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Trading Point to a Lower Open, Euro, Financials Weaker...

BMO - ES -9.00 and NQ -14.75 point to a lower open 90 minutes before the open...the short-term trend turned Neutral on Wednesday...pre-market volume is light...

XLF is down 12 cents on 258,600 shares...
Euro is down 50 pips...
TLT is up 44 cents...

Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: FAZ, TLT, WDC

Quoting Down:  GOLD, AAPL, PCLN, GOOG, BIDU, AMZN, NFLX, FAS, CAT, VMW, CLF, IBM, SINA, SLB, UCO, LNKD, X, FCX, TIF, C, V, POT, NKE, RCL, HAL

Dave is teaching a 4 Day Live today....

SPX Pauses as Financials and VIX Drops...

Two of nine sectors moved higher on Wednesday, XLP, XLY and XLB were the strongest sectors.

Breadth strengthened as decliners led advancers 1.01 to 1 on the NYSE and advancers led decliners 1.04 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,469          1,275

Decliners         1,498          1,216

The SPY moved down 23 cents on volume of 122.3 million shares.

AAPL -3.46, -0.57% closed at $602.50 on 23 million shares.

Money Flow

Euro       -6 pips    1.3216

TNX        -0.78         22.94

TLT        +1.25       111.79

XLF        -0.07         15.80

SPX        -2.63    1,402.89

VIX         -0.54         15.13

RUT +0.08%

COMPQ +0.04%

NDX -0.03%

SPX -0.19%

INDU -0.35%

Money Flow was atypical on Wednesday as the Euro and SPX were slightly lower.  TNX and XLF moved lower as bonds TLT moved higher.  The VIX moved lower and did not confirm the SPX move on Wednesday.

The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18.

Continuation: MCP, NFLX, NTAP, NTES

Pause: ANF, SOHU

Flag Move: CHL, CRM, VMW, ZAGG, WLT

Breakout Move: SWKS, LNKD

Flag Setups: VECO, PCS, CSTR, WYN, ATI, SINA

Breakout Setups: BRCM, X, CIEN, JDSU, JNPR, SMH, CREE, LVS, SWI, SNDK, CRM

Leading stocks > +2% on Wednesday included ZAGG, LNKD, SWI, CROX, NTES, VMW, SNDK, INFA, WLT, CRM, CHL

Losing stocks < -2.0% included TSL, KKD, LDK, GRPN, TBT, SLB, UAL, AKS

NDX 100 stocks stronger than the NDX included GMCR, NFLX, EXPD, ALXN, SNDK, BIDU, CTXS, FAST, MU and NTAP.

Stocks weaker than the NDX include SHLD, FSLR, ORCL, WCRX, GILD, CHKP, CTRP, CA, FLEX and AMGN.

Two NDX stocks AKAM and MYL closed above the 30 DMA and one CA moved below making 78 NDX stocks above their 30 DMA.

Stocks to Watch on Thursday

Holding Above 30 DMA = 58

CMG, NKE, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, TSLA, V, ICE, TIF, UCO, DLR, SNDK, SINA, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, A, ARUN, DOW, JDSU, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, UNP, AKS, CF, MOS, POT, SOHU, F, POT

Moving Above 30 DMA = 4

CHL, CROX, WDC, ZAGG

Moving Below 30 DMA = 2

KKD, TSL

Staying Below 30 DMA

ATI, CAT, SWN, GES, PCS, FAZ, TLT, RVBD, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, HUM, UAL, WLT, DE, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Neutral

Futures Point to a Slightly Higher Open...

BMO - ES +2.50 and NQ +2.75 point to a slightly higher open 75 minutes before the open...stocks appear to have found short-term support on Tuesday...

XLF is up 10 cents on 1,100 shares...
Euro is up 1 pip...
TLT is up $1.33...

Follow your rules, entry, exit, adjust stops to protect profits at this time according to your rules...

Quoting Up: LNKD, CHL, FAS, GS, CREE, ARUN, INFA, CLF, SINA, LVS, C, HLOF, FCX, CRUS, CAT, GOOG, FOSL, AMZN, ORLCL, HSIC, GRMN, CELG, BIDU, WFM, NUAN

Quoting Down:  ISRG, AAPL, HAL, SLB, CSTR

Dave is teaching a 4 Day Live today....

SPX, INDU, COMPQ and RUT Pause as XLF and AAPL Rise on First Day of Spring...

.

Three of nine sectors moved higher on Tuesday, the first day of Spring.  XLF, XLY and XLU were the strongest sectors.

Breadth weakened as decliners led advancers 2.03 to 1 on the NYSE and 2.33 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers          985             758

Decliners         2,001          1,771

The SPY moved down 41 cents on volume of 121.7 million shares.

AAPL +4.86, +0.81% closed at $605.96 on 29.1 million shares.

Money Flow

Euro      -16 pips    1.3222

TNX        -0.07         23.72

TLT        +0.44       110.54

XLF        +0.07         15.87

SPX        -4.23     1,405.52

VIX         +0.54        15.58

Money Flow was mostly typical on Tuesday as the Euro, TNX and SPX moved lower.  Bonds TLT and XLF moved higher.  The VIX moved higher and did confirm the SPX move on Tuesday.

The Jan 18 SPX breakout has an intermediate term chart target of 1,427 within 12 weeks of the breakout on Jan 18.

Flag Move: ANF, MCP

Breakout Move: NFLX, SOHU, NTAP

Flag Setups: CHL, VECO, PCS, CRM, VMW, CSTR, WYN, ATI, SINA

Breakout Setups: BRCM, X, CIEN, JDSU, JNPR, SMH, CREE, SWKS, LVS

Leading stocks > +2% on Tuesday included TSL, TIF, SOHU, POT, BAC, ESI, C, WDC, MCP

Losing stocks < -2.0% included VECO, ANR, UCO, AKS, PCX, SINA, LVS, SWN, IL, CAT, WLT, FFIV, CREE, CLF, JNPR, RVBD, ATI, HUM

NDX 100 stocks stronger than the NDX included AMZN, NTAP, VOD, CSCO, MRVL, ROST, SPLS, YHOO, FAST and MNST.

Stocks weaker than the NDX include FSLR, ADBE, CTRP, XLNX, RIMM, FFIV, WCRX, GMCR, CTXS and EXPD.

Three NDX stocks MRVL, NFLX and VOD closed above the 30 DMA and seven AKAM, AMGN, CHRW, INFY, RIMM, WCRX and XLNX moved below leaving 77 NDX stocks above their 30 DMA.

Stocks to Watch on Wednesday

Holding Above 30 DMA = 58

CMG, NKE, CRUS, SWKS, NGLS, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, SWI, VMW, IBM, TSLA, V, ICE, TIF, UCO, DLR, SNDK, SINA, ANF, BAC, C, COH, FAS, GS, NTES, SWK, VECO, ZION, DHR, TBT, FFIV, MCP, GLW, URE, A, ARUN, DOW, JDSU, NDAQ, SMH, STI, CLF, X, CIEN, CREE, RCL, UNP, AKS, CF, MOS, POT, SOHU, F, KKD

Moving Above 30 DMA = 2

POT, TSL

Moving Below 30 DMA = 5

ATI, CAT, CHL, SWN, ZAGG

Staying Below 30 DMA

GES, WDC, PCS, FAZ, TLT, RVBD, CROX, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, HUM, UAL, WLT, DE, FCX, GRPN, ANR, PCX

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up