SPY Trading Lower on Moderate Volume...TLT Higher as TNX, Euro Lower...

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Thought of the Day...."Whatever you can do...or believe you can do...begin it...for Boldness has Genius, Power, and Magic in it."  Goethe

All nine sectors moved lower on Wednesday, XLU, XLP and XLV were the strongest sectors with XLE, XLB, and XLF being the weakest.

Breadth weakened as decliners led advancers 4.12 to 1 on the NYSE and 4.29 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers         588              481

Decliners        2,424           2,064

New High – PCLN, SBUX

Horizontal Pennant – FAS, QCOM, KLAC, LNKD, CRM

Support Bounce Setup on AAPL, ORLY, ZAGG, TPX, CSTR, VMW, IBM, V UAL, TSLA, ZION, CRUS, HLF, LVS, SWI, BAC, EXPE, AMZN, BIDU, X, AKS, WDC, CMG, CROX, SHLD

Leading NDX 100 stocks included YHOO, EXPD, PCLN, AKAM, SRCL and SBUX

Lagging NDX stocks included SNDK, SHLD, MU, FSLR, NUAN, WCRX, APOL, VRTX, FLEX and NVDA

Leading stocks > +2% on Wednesday included FAZ

Losing stocks < -2.0% included TSLA, ESI, VECO, FAS, CREE, CDE, SWI, SWKS, UCO, JDSU, NTES, C, MCP SINA, SOHU, LDK, LNKD, X, GRPN, AKS, PCX, TSL, BAC, INFA, CRUS, RCL, UAL, CLF, LVS, RVBD, TBT, CROX, A, ATI, GES, ICE, GS, MOS, ZION

Stocks to Watch on Thursday

Holding Above 30 DMA = 35

CMG, TPX, HLF, LNKD, LVS, CSTR, CRM, INFA, VMW, IBM, V, DLR, FAS, NTES, ZION, BAC, DHR, TBT, MCP, GLW, URE, STI, CLF, X, CIEN, CHL, WDC, ZAGG, CROX, JDSU, HUM, UAL, ANF, F, NKE

Moving Above 30 DMA = 0

Moving Below 30 DMA = 14

A, C, CREE, CRUS, DE, ESI, GS, RVBD, SMH, SOHU, SWI, SWK, SWKS, TSLA

Staying Below 30 DMA

COH, JNPR, RCL, TIF, GRPN, MOS, UCO, VECO, ICE, AKS, SINA, TSL, ATI, GES, FAZ, TLT, CDE, LDK, SLB, DECK, FCX, ANR, PCX

Six Month Intermediate Term Market Trend: Up

Short Term Market Trend: Down