SPY Trades to New High on Strength in Financials...AAPL Closes Lower...

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Eight of nine sectors moved higher on Thursday.  XLF, XLI and XLB were the strongest sectors.

Breadth strengthened as advancers led decliners 1.49 to 1 on the NYSE and 2.00 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,811          1,672

Decliners        1,208             833

Tuesday large gain

Wednesday a pause day that closed above the S1 level of Tuesday’s candle

Thursday trend continuation

The SPY moved up 81 cents on increased volume of 165 million shares.

AAPL -4.02, -0.68% hit  $600.01 before profit takers starting selling and the stock closed down for the first time in seven days on 41.4 million shares.

The SPX has a twelve week price target of 1,427 from its breakout on Jan 18.

Money Flow

Euro        -4 pips    1.3079

TNX         +0.07        22.81

TLT         +0.17       111.21

XLF         +0.27        15.71

SPX        +8.32    1,402.60

VIX         +0.11         15.42

NDX +0.24%

INDU +0.44%

COMPQ +0.51%

SPX +0.60%

RUT +0.98%

Money Flow was again mixed on Thursday as the Euro moved lower.  TNX, TLT and VIX all rose slightly.  XLF and SPX had good gains to new highs.

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Wednesday's Setups VECO +11.41%, SWKS +2.02%, X +1.89%. INFA +0.54%


Setups

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Leading stocks > +2% on Thursday included VECO, CREE, ANR, GRPN, UAL, UNP, FAS, BAC, AKS, ENTR, PCX, STI, CLF, JNPR, CIEN, TSL, JDSU, VMW, RCL, ATI, WLT, RVBD, C, LVS, SINA, ZION, ESI, GS, SWI, SWKS

Losing stocks < -2.0% included GES, FAZ, MCP

NDX 100 stocks stronger than the NDX included BBBY, AAPL, SPLS, ATVI, ALTR, ADSK, DELL, MU, COST and XRAY.

Stocks weaker than the NDX include STX, GOLD, EBAY, GMCR, GRMN, CSCO, ESRX, DTV, VMED and TEVA.

Six NDX stocks ALTR, AMAT, AMZN, EXPE, LLTC and MYL closed above the 30 DMA and three CSCO, SRCL and STX moved below making 78 NDX stocks above their 30 DMA.

Stocks to Watch on Friday

Holding Above 30 DMA = 51

CMG, NKE, CRUS, SWKS, NGLS, CHL, 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, F, JDSU, KKD, NDAQ, SMH, STI, CLF, X

Moving Above 30 DMA = 5

CAT, CIEN, CREE, RCL, UNP

Moving Below 30 DMA = 3

GES, SOHU, WDC

Staying Below 30 DMA

SWN, ZAGG, PCS, CF, FAZ, TLT, RVBD, CROX, MOS, POT, SLW, CDE, LDK, SLB, ENTR, HAL, JNPR, ESI, IL, NVDA, DECK, TSL, HUM, UAL, WLT, DE, FCX, GRPN, ANR, PCX, AKS, ATI

Five Month Intermediate Term Market Trend: Up

Short Term Market Trend: Up