SPY Forms Bullish Harami...Trading Stocks Snap Losing Run on AA Surprise

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 All nine sectors moved up on Wednesday, XLF, XLY and XLI were the strongest sectors.

Breadth strengthened as advancers led decliners 3.63 to 1 on the NYSE and 3.58 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers      2,398           1,966

Decliners           659              548

SPY up $1.10 on 154.1 million shares.

Support bounce – CHL, JNPR, ZION, TSL, LVS, LRCS

Support bounce set up – BAC, CIEN, CROX, CSTR, FAS, GLW, HUM, IBM, INFA, JDSU, LNKD, SWI, SWKS, TPX, ZAGG

GOOGLE set to post results.

Leading NDX 100 stocks included FSLR, SBUX, GMCR, MNST, LRCX, WFM, ORLY, INTU, AKAM, CSCO

Lagging NDX stocks included FFIV, GOLD, NTAP, PCAR, NFLX, PCLN, SHLD, CELG, FOSL, GILD

Leading stocks > +2% on Wednesday included TSL, CREE, SWI, ZAGG, LDK, FAS, JNPR, BAC, PCX, LVS, NTES, CROX, SOHU, TPX, CRM, ZION, UCO, CIEN, AKS, ANR, TBT, URE, SWKS, VECO, UAL, CRUS, Z, SINA, C, ATI, DHR

Losing stocks < -2.0% included FAZ, MCP, GRPN, VMW

Stocks to Watch on Thursday

Holding Above 30 DMA = 11

CMG, LNKD, LVS, CSTR, CRM, VMW, MCP, ZAGG, HUM, TLT, FAZ

Moving Above 30 DMA = 9

CHL, CIEN, CREE, CROX, JNPR, NTES, TPX, UAL, ZION

Moving Below 30 DMA = 0

Staying Below 30 DMA

DHR, DLR, IBM, INFA, NKE, V, A, BAC, DE, FAS, HLF, SMH, STI, SWK, TBT, URE, ANF, CLF, F, GLW, JDSU, WDC, X, C, CRUS, ESI, GS, RVBD, SOHU, SWI, SWKS, TSLA, COH, RCL, TIF, GRPN, MOS, UCO, VECO, ICE, AKS, SINA, TSL, ATI, GES, CDE, LDK, SLB, DECK, FCX, ANR, PCX

Six Month Intermediate Term Market Trend: Up

Short Term Market Trend: Down