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