Wednesday, March 28, 2012

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

No comments: