SPY, Broad Indices Hold Above Support as TNX Makes New Low, CIEN Soars After Earnings...

The Euro drifted down just 4 pips to 1.2362, a new one year.  TNX interest rates closed at a new all-time low at 15.81.  Financial stocks rose 12 cents and bonds hit another new high.  The SPX closed at 1,310.33 holding above its 1,300 support area and the short-term trend of the last eight days remained neutral .

Seven of nine sectors moved lower on Thursday. XLF, XLU, and XLP were the strongest sectors.

Breadth strengthened as decliners led advancers 1.07 to 1 on the NYSE and 1.12 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,442          1,195

Decliners         1,557          1,350

SPY moved down – 29 cents on 196 million shares…

AAPL was down -1.44 at 577.73 on 17.6 million shares...

FB +1.41 at 29.60 on 111.6 million shares a new low.....

GRPN -69 cents, -4.14% still in bull flag following reversal pattern…

C Pattern Continuation: SWKS, AVGO, CMG, COST, SRCL, DLTR,  

C Pattern Pull back: AAPL, WFM, ALXN, SWKS, AVGO

C Pattern Entry:

C Pattern Setup: CSTR, FAST, FISV, SBUX, CRM, GOOG, INTU, CTXS, CMCSA, MSFT, ZAGG, SHLD, V, DHR, TSLA, A, SIAL

Breakout: CRUS,

Breakout Setup: MNST, ROST

Bounce: VECO

Bear Flag Bounce: WCRX, CROX, ALTR, BMC, ORLY, VRSN, BIIB

Daily/Weekly Bull Flags: BBBY, SWI, GRPN

MACD Histogram Bullish Divergence: CTXS, RVBD, CIEN, MCP, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, NVDA, VMED, PNRA, MSFT, MRVL, MCHP, INFY, GOLD, EXPD, CTRP, CHKP, CELG, ADBE, AKAM

Technical Commentary:

The SPY sold off and fell near support forming a higher low in its short-term neutral sideways trend.  The Euro made a new low while the SPY again closed above 131 and above its low on May 18.  This is a divergence between the short-term lows of the Euro and SPY. 

Tuesday Highlights: 

SPY closes down -0.29

The Euro fell 4 pips, closed 1.2362

TNX -0.44

VIX dropped -0.08, below 25 at 24.06

XLF closed up 12 cents

21 of 100 NDX stocks closed higher on Thursday…

Leading NDX 100 stocks included AMZN, ORCL, FISV, ROST, EXPE, FLEX, COST, MYL, EXPD, NTAP

Lagging NDX stocks included FSLR, NFLX, SHLD, GMCR, WCRX, FFIV, EA, STX, DTV, SNDK

Leading stocks > +2% on Thursday included CIEN, FB, TSL, UAL, SWKS, STI, BAC

Losing stocks < -2.0% included CLF, X, GRPN, LDK, AKS, TSLA, LVS, ANR, CDE, ATI, DE, UCO, MCP, CREE, TPX, TBT, RCL, TIF, LNKD

Stocks to Watch on Friday

Holding Above 30 DMA = 10

TLT, CRUS, SWI, VECO, FAZ, UAL, V, SWKS, CMG, NTES

Moving Above 30 DMA = 1

CIEN

Moving Below 30 DMA = 1

A

Staying Below 30 DMA

CSTR, DECK, DHR, GRPN, NKE, TSLA, ZAGG, CRM, LDK, LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, ANF, ATI, DE, GLW, IBM, SLB, VMW, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, TBT, F, JDSU, C, GS, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Neutral

Pre-Market Futures Up as May Payroll Shows Increase From April...CIEN up 5% After Adjusted Second Quarter Earnings...

BMO – ES  +4.00 and NQ +7.75 point to a hgher open...SPY is up 12 cents…

XLF is up 3 cents…

Euro is up 43 pips…
TLT is up 29 cents…

Continue to follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Futures up in pre-market as May payrolls show increase from April…

CIEN up 5% in pre-market after adjusted second quarter earnings…

Quoting Up:  AAPL, PCLN, GOOG, TEVA, INFY, ALTR, BIDU MNST, VOD, CSTR, CIEN, GS HLF, TLT

Quoting Down:  FFIV, STX, AMZN, GOLD, INTC, ADP, IBM, CLF, RCL

SPY Drops as Euro Collapses over Spain, Greece Worries...AAPL Moves Up...

The Euro collapsed 137 pips to 1.2366, a new one year low as worries continue over Spain and Greece.  TNX interest rates dropped to a new all-time low at 16.25.  Financial stocks dropped -33 cents and bonds hit a new high.  The SPX closed at 1,313.32 above its 1,300 support area and the short-term trend of the last six days shifted to neutral .

All nine sectors moved lower on Wednesday. XLV, XLU, and XLK were the strongest sectors.

Breadth weakened as decliners led advancers 6.61 to 1 on the NYSE and 3.73 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers          397             536

Decliners         2,625          2,004

SPY moved down $1.94 on 162.3 million shares…

AAPL was up +6.90 at 579.17 on 18.9 million shares as Apple 3G product received a network license for sales in China...

FB -0.65 at 28.19 on 57.2 million shares a new low.....

GRPN -69 cents, -5.85% in bull flag following reversal pattern…

C Pattern Continuation: WFM, SRCL, DLTR, ALXN

C Pattern Pull back: SWKS, AVGO, A, SIAL, CMG, COST

C Pattern Entry: AAPL

C Pattern Setup: FISV, SBUX, CRM, GOOG, INTU, CTXS, CMCSA, MSFT, ZAGG, SHLD, V, CSTR, FAST, DHR, TSLA

Breakout: CRUS, BBBY

Breakout Setup: MNST, ROST, SWI

Bounce: VECO, CERN

Bear Flag Bounce: CROX, ALTR, BMC, ORLY, VRSN, BIIB

Daily/Weekly Bull Flags: WCRX, GRPN

MACD Histogram Bullish Divergence: CTXS, RVBD, CIEN, MCP, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, NVDA, VMED, PNRA, MSFT, MRVL, MCHP, INFY, GOLD, EXPD, CTRP, CHKP, CELG, ADBE, AKAM

Technical Commentary:

The SPY sold off and shifted from a short-term up trend to a neutral sideways trend.  Euro worries created a selling mood on Wall Street.  Even though the Euro made a new low the SPY closed above 131 and above its low on May 18.

Tuesday Highlights: 

SPY closes down $1.94

The Euro fell 137 pips, closed 1.2366

TNX -1.06

VIX jumped +3.11, below 25 at 24.14

XLF closed down 33 cents

13 of 100 NDX stocks closed higher on Wednesday…

Leading NDX 100 stocks included VRTX, TEVA, AAPL, MNST, ISRG, DLTR, AMGN, EXPE, CELG, FOSL

Lagging NDX stocks included SHLD, RIMM, FSLR, EBAY, APOL, AVGO, ALTR, CTSH, GMCR, WCRX

Leading stocks > +2% on Wednesday included FAZ, LDK, TLT

Losing stocks < -2.0% included PCX, ZAGG, UCO, ANR, FAS, GRPN, ATI, ANF, TBT, X, URE, CROX, SWKS, AKS, TSL, SLB, DECK, TSLA, RVBD, SWI, C, CIEN, MCP, CREE, SINA, TPX, GS, INFA, CRM, CRUS, SWK, BAC, MOS, LVS, CLF, RCL, WDC, DLR, ESI, GES, FCX, DHR, ZION, V, ICE, FB, CSTR, STI, COH, NKE

Stocks to Watch on Thursday

Holding Above 30 DMA = 11

TLT, CRUS, SWI, VECO, FAZ, UAL, V, A, SWKS, CMG, NTES

Moving Above 30 DMA = 0

Moving Below 30 DMA = 7

CSTR, DECK, DHR, GRPN, NKE, TSLA, ZAGG

Staying Below 30 DMA

CRM, LDK, LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, ANF, ATI, DE, GLW, IBM, SLB, VMW, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, TBT, F, JDSU, C, GS, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Neutral

Pre-Market Futures Down...Feeling Angst Over European Woes...

BMO – ES - 11.50 and NQ - 22.75 point to a lower open...SPY is down 93 cents…

XLF is flat…
Euro is down 51 pips…
TLT is up 1.39…

Continue to follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Futures Down in Pre-Market…

RIMM down 10% in Pre-Market…

Quoting Up:  EXPD, WYNN, TLT, LNKD, FAZ

 Quoting Down:  AAPL, PCLN, GOOG, ALXN, AMZN, RIMM, BIDU, GOLD MNST, NFLX, SHLD, GRCR, EBAY QCOM, VOD, V CMG, FAS

SPY Moves as Semiconductors, Materials, Energy and Financials Move Higher...

SPY continued its support bounce in a big way on Tuesday.  Semiconductor stocks bounced as CRUS led our watch list stocks.  The Euro fell to a one year low and TNX interest rates pulled back -0.14.  Financial stocks rose and bonds pulled back slightly.  The SPX closed at 1,332.42 above its 1,300 support area.

All nine sectors moved higher on Tuesday. XLB, XLE, and XLF were the strongest sectors.

Breadth strengthened as advancers led decliners 3.77 to 1 on the NYSE and 2.31 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       2,394          1,755

Decliners            635             757

SPY moved up $1.60 on 152.8 million shares…

AAPL was up +9.98 at 572.27 on 13.6 million shares...

VRTX -7.05, -10.87% fell after releasing corrected cystic fibrosis data

FB -3.07 at 28.84 on 78 million shares a new low.....

GRPN -26 cents, -2.16% in bull flag following reversal pattern…

C Pattern Continuation: SWKS, AVGO, A, SIAL, WFM, SRCL, ZAGG, DLTR, SHLD, ALXN, V,

C Pattern Entry: CMG, CSTR, COST, FAST, DHR, TSLA

C Pattern Setup: FISV, SBUX, CRM, GOOG, AAPL, INTU, CTXS, CMCSA, MSFT

Breakout: CRUS, SWI, BBBY,

Breakout Setup: MNST, ROST

Bounce: VECO, NWSA, CROX, ALTR, BMC, ORLY, CERN,

Daily/Weekly Bull Flags: WCRX, VRSN, CTXS, GRPN, BIIB

MACD Histogram Bullish Divergence: RVBD, CIEN, MCP, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, NVDA, VMED, PNRA, MSFT, MRVL, MCHP, INFY, GOLD, EXPD, CTRP, CHKP, CELG, ADBE, AKAM

Technical Commentary:

The SPY continued its support bounce following the Memorial Day weekend.  It appeared last week that buyers were stronger than sellers buy just did not want to commit more aggressive buying before the three-day weekend.  The weight of the evidence which suggested bounce continuation as more likely was right once again.

Tuesday Highlights: 

SPY closes up $1.60

The Euro fell 11 pips, closed 1.2503

TNX -0.14

VIX moved lower -0.73, below 25 at 21.03

XLF closed up 20 cents

82 of 100 NDX stocks closed higher on Tuesday…

Leading NDX 100 stocks included CTRP, AVGO, NTAP, BRCM, BIDU, NUAN, EBAY, MU, NVDA, COST

Lagging NDX stocks included VRTX, STX, ATVI, TEVA, NFLX, FSLR, FFIV, ALXN, CELG, GOLD

Leading stocks > +2% on Tuesday included CRUS, TSLA, NTES, PCX, SINA, SWKS, CMG, TSL, CIEN, CLF, BAC, FAS, AKS, SOHU, JDSU, CROX, MCP, VECO, ANR, X, A, URE, SLB, RVBD, CSTR, FCX, ATI, LVS, F, C, MOS, GLW

Losing stocks < -2.0% included LDK, FB, FAZ, WDC, ZAGG, GRPN

Stocks to Watch on Wednesday

Holding Above 30 DMA = 12

TLT, CRUS, SWI, VECO, FAZ, GRPN, ZAGG, UAL, V, A, DECK, SWKS

Moving Above 30 DMA = 6

CMG, CSTR, DHR, NKE, NTES, TSLA

Moving Below 30 DMA = 0

Staying Below 30 DMA

CRM, LDK, LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, ANF, ATI, DE, GLW, IBM, SLB, VMW, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, TBT, F, JDSU, C, GS, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Up

Futures Up in Pre-Market...VRTX Down 17% After Corrected Data Release On Its Cystic Fibrosis Treatments...

BMO – ES +8.75 and NQ +18.50 point to a higher open...SPY is up 83 cents…

XLF is up 9 cent…
Euro is down 10 pips…
TLT is up 36 cents…

Continue to follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Futures Up in Pre-Market…

VRTX releases corrected data involving its cystic fibrosis treatments…stock down $13 on 1.5 million shares…

Quoting Up: PCLN, AAPL, GOOG, MNST, BIDU, AMZN, SYNN, FFIV, DLTR, ALXN, FAST, NFLX, CELG, QCOM, CMG, FAS, CLF, CRM, LNKD, IBM, MCP, HLF, FCX

 Quoting Down: VRTX, STX, TEVA, VOD, FSLR, FECK, FAZ, FB

SPY Lower on Light Volume, Narrow Range Before Three Day Weekend...

SPY moved lower prior to the long weekend on lighter volume.  The Euro fell to a one year low and TNX interest rates pulled back -0.14.  Financial stocks were down slightly and bonds rose.  The SPX closed at 1,320.68 above its 1,300 support area.

Markets will be closed on Monday in observance of Memorial Day.

Eight of nine sectors moved slightly lower on Friday. XLU, XLP, and XLY were the strongest sectors.

Breadth weakened slightly as advancers led decliners 1.07 to 1 on the NYSE and 1.003 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,545          1,237

Decliners         1,437          1,233

SPY moved down 43 cents on 135.4 million shares…

AAPL was down -3.03 at 562.29 on 11.7 million shares...

FFIV +0.48, +0.44% following Thursday’s -7.88 drop after DB dropped its target to $140

FB -1.12 at 31.91 on 37.2 million shares had another higher close.....

GRPN +16 cents, +1.35% in bull flag following reversal pattern…

C Pattern Continuation: ZAGG, SHLD, SIAL, WFM, ALXN, SRCL, V, DLTR

C Pattern Entry: SWKS, AVGO, A,

C Pattern Setup: CRM, DHR, GOOG, AAPL, INTU, CTXS, CMCSA

Breakout Setup: CRUS, SWI, MNST, BBBY, ROST

Bounce: CROX, ALTR, BMC, ORLY, CERN,

Daily/Weekly Bull Flags: WCRX, VRSN, CTXS, GRPN, VECO, BIIB, NWSA

MACD Histogram Bullish Divergence: RVBD, CIEN, MCP, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, NVDA, SBUX, SHLD, VMED, PNRA, MSF, MRVL, MCHP, INFY, GOLD, FISV, EXPD, CTRP, CHKP, CELG, ADBE, AKAM

Technical Commentary:

The SPY moved slightly lower on lower volume prior to the long Memorial Day weekend.  The SPY again stayed above last Friday’s support low of 129.55 and closed above Monday’s large white candle.  The weight of the evidence suggests bounce continuation as more likely.

 

Friday Highlights: 

SPY closes down 43 cents

The Euro fell 21 pips, closed 1.2514

TNX -0.14

VIX moved higher +0.22, below 25 at 21.76

XLF closed down 5 cents

53 of 100 NDX stocks closed higher on Friday…

Leading NDX 100 stocks included SNDK, MU, RIMM, NVDA, VMED, LRCX, AVGO, ALTR, APOL, ESRX

Lagging NDX stocks included SIRI, PCLN, GOOG, MNST, INFY, CELG, GRMN, WYNN, AMZN, CTRP

Leading stocks > +2% on Friday included RVBD, TPX, DECK, ESI, ANF, CDE, CSTR, CROX

Losing stocks < -2.0% included LDK, FB, TIF

Stocks to Watch on Tuesday

Holding Above 30 DMA = 9

TLT, CRUS, SWI, VECO, FAZ, GRPN, ZAGG, UAL, V

Moving Above 30 DMA = 3

A, DECK, SWKS

Moving Below 30 DMA = 0

Staying Below 30 DMA

CRM, LDK, NTES, LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, NKE, ANF, ATI, CSTR, DE, GLW, IBM, SLB, VMW, CMG, DHR, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, HUM, CROX, LVS, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, TBT, F, JDSU, C, GS, TSLA, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Up

Futures in Pre-Market Mostly Flat...

BMO – ES - 2.25 and NQ -2.75 point to a lower open...SPY is up 4 cents…

XLF is up 1 cent…
Euro is down 19 pips…
TLT is up 32 cents…

Continue to follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Futures Laying Flat in Pre-Market…

Quoting Up: SBUX, SNDK, PCAR, ALXN, EBAY, CRM, VMW, TPX, TLT, LNKD, CHL, FAZ

 Quoting Down: FAS, SLB, NKE, MCP, C

SPY Rebounds, Tech and Seminconductor Stocks Down Follwing NTAP Guidance...

The day after lower guidance from DELL, NTAP delivered earnings with cautious guidance and the NDX tech stocks including semiconductor stocks moved lower.  SPY rallied from intra-day lows again late in the trading day on talk that Euro leaders were committed to keeping Greece in the Euro zone.  The Euro fell to a one year low and TNX interest rates rose +0.38.  Financial stocks were up slightly and bonds pulled back.  The SPX closed at 1,320.68 above its 1,300 support area.

Markets will be closed on Monday in observance of Memorial Day.

Six of nine sectors moved higher on Thursday. XLY, XLP, and XLB were the strongest sectors.

Breadth weakened slightly as advancers led decliners 1.41 to 1 on the NYSE and 1.05 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,763          1,298

Decliners         1,250          1,228

SPY moved up 26 cents on 167.1 million shares…

AAPL was down -5.24 at 565.32 on 17.7 million shares...

NTAP -4.04, -12.29% following earnings and cautious guidance on Wednesday

FFIV -9.28, -7.88% following DB dropping target to $140

FB +1.03 at 32.03 on 50.2 million shares had another higher close.....

GRPN -14 cents, -1.16% in bull flag following reversal pattern…

ALXN was added to the SP500 after the close…

C Pattern Continuation: ZAGG, SHLD, SIAL, WFM, ALXN, SRCL

C Pattern Entry: V

C Pattern Setup: SWKS, CRM, AVGO, DHR, A, GOOG, AAPL, INTU, DLTR, CTXS, CMCSA

Bounce: CRUS, SWI, MNST, BMC, ORLY, BBBY, CERN, ROST

Daily/Weekly Bull Flags: WCRX, VRSN, CTXS, GRPN, VECO, BIIB, NWSA

MACD Histogram Bullish Divergence: RVBD, CIEN, MCP, CROX, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, NNVDA, SBUX, SHLD, VMED, PNRA, MSF, MRVL, MCHP, INFY, GOLD, FISV, EXPD, CTRP, CHKP, CELG, ADBE, AKAM, ALTR

Technical Commentary:

The SPY moved lower and reversed for another higher close  after the Euro sold off further.  The SPY again stayed above Friday’s support low of 129.55 and closed above Monday’s large white candle.

Wednesday Highlights: 

SPY closes up 26 cents

The Euro fell 50 pips, closed 1.2535

TNX +0.38

VIX moved lower -0.79, below 25 at 21.54

XLF closed up 1 cent

33 of 100 NDX stocks closed higher on Thursday…

Leading NDX 100 stocks included MNST, ALXN, DLTR, STX, BBBY, MYL, INFY, COST, GOLD, SRCL

Lagging NDX stocks included NTAP, FFIV, CTXS,CHKP, GMCR, BRCM, RIMM, BIDU, EA, AVGO

Leading stocks > +2% on Thursday included TSL, UAL, AKS, GES

Losing stocks < -2.0% included LDK, PCX, RVBD, TIF, VMW, ANR, LNKD, CLF, JDSU, MCP, VECO, CHL, ESI, NTES, CRM, SINA, INFA, ATI, SWKS, TSLA, SWK, CRUS, CREE

Stocks to Watch on Friday

Holding Above 30 DMA = 7

TLT, CRUS, SWI, VECO, FAZ, GRPN, ZAGG

Moving Above 30 DMA = 2

UAL, V

Moving Below 30 DMA = 4

CRM, LDK, NTES, SWKS

Staying Below 30 DMA

LNKD, CHL, URE, CREE, TSL, STI, WDC, DLR, NKE, ANF, ATI, CSTR, DE, GLW, IBM, SLB, VMW, CMG, DHR, ESI, FAS, FCX, SMH, TIF, UCO, AKS, ANR, JNPR, X, HLF, SOHU, DECK, HUM, CROX, LVS, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, A, TBT, F, JDSU, C, GS, TSLA, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Up

Futures Slightly Up in Pre-Market...Ahead of Jobless Report...

BMO – ES + 3.50  and NQ  +5.75 point to a higher open...SPY is up 6.00…

XLF is up 5 cents…
Euro is down 21 pips…
TLT is down 30 cents…

Continue to follow your rules for entry, exit, adjust stops to protect profits at this time according to your rules...

Jobless report ahead for the day…

Quoting Up: PCLN, AAPL, GOOG, ORLY, COST, TEVA, VRTX, EBAY, DECK V, MCP, FB

 Quoting Down: NTAP, FFIV, PNRA, AMGN, BIDU, AMZN, TIF, VMW, COH

SPY Tests Support, Bounces as Euro Falls...AAPL, ZAGG Higher...P Up After-hours...

The SPY which spent the morning testing the support low made on Friday reached a low of 129.99 before buyers stepped in around 12:30 pm EDT and made a strong recovery to close up 7 cents.  The Euro fell and TNX interest rates slipped -0.72.  Financial stocks and bonds rose.  The SPX closed at 1,318.86 above its 1,300 support area.

Six of nine sectors moved higher on Wednesday. XLB, XLI, and XLY were the strongest sectors.

Breadth strengthened as advancers led decliners 1.54 to 1 on the NYSE and 1.17 to 1 on the NASDAQ.

Exchange        NYSE       NASDAQ

Advancers       1,826          1,358

Decliners         1,182          1,156

SPY moved up 7 cents on 204.7 million shares…and was down 76 cents in after-hours trading…

AAPL traded between a low of 553.23 and a high of 572.80, closing up +13.59 at 570.56 on 20.9 million shares...

DELL -2.59, -17.18% following earnings and weak guidance Tuesday after the close…

FB +1.00 at 32.00 on 73.7 million shares had its first higher close.....

GRPN +8 cents, +0.67% in bull flag following reversal pattern…

C Pattern Continuation: ZAGG, SHLD, SIAL, WFM, ALXN

C Pattern Entry: SWKS, CRM, AVGO, SRCL

C Pattern Setup: DHR, V, A, GOOG, AAPL, INTU, DLTR, CTXS, CMCSA

Bounce: CRUS, SWI, MNST, BMC, ORLY, VRSN, WCRS, BBBY, CERN, CTXS, ROST

Daily/Weekly Bull Flags: GRPN, VECO, BIIB, NWSA

MACD Histogram Bullish Divergence: RVBD, CIEN, MCP, CROX, SOHU, VMW, TPX, JDSU, MOS, INFA, F, BIDU, NFLX, QCOM, NNVDA, SBUX, SHLD, VMED, PNRA, MSF, MRVL, MCHP, INFY, GOLD, FISV, EXPD, CTRP, CHKP, CELG, ADBE, AKAM, ALTR

Technical Commentary:

The SPY moved lower and reversed higher after the Euro sold off and penetrated its 1.2622 support.  The SPY stayed above Friday’s support low of 129.55 and closed above the S1 level of Monday’s large white candle.

Wednesday Highlights: 

SPY closes up 7 cents

The Euro fell 94 pips, closed 1.2585

TNX -0.72

VIX moved lower -0.15, below 25 at 22.338

XLF closed up 5 cents

65 of 100 NDX stocks closed higher on Wednesday…

Leading NDX 100 stocks included AVGO, EXPE, NFLX, FSLR, SBUX, EA, ATVI, GOLD, BIDU, NVDA

Lagging NDX stocks included DELL, VMED, INTC, STX, MSFT, ALXN, NWSA, MYL, TEVA, NTAP

Leading stocks > +2% on Wednesday included PCX, GES, ZAGG, SWI, ANR, LDK, CSTR, TSL, SINA, CLF, FB, CRUS, ATI, CDE, SWK, BAC, MCP, SOHU, CMG, MOS, SWKS, LNKD, UAL, F

Losing stocks < -2.0% included JNPR, CREE, GLW, UCO, TPX

Stocks to Watch on Thursday

Holding Above 30 DMA = 8

TLT, CRUS, SWI, VECO, FAZ, NTES, GRPN, ZAGG

Moving Above 30 DMA = 3

CRM, LDK, SWKS

Moving Below 30 DMA = 0

Staying Below 30 DMA

LNKD, UAL, CHL, URE, CREE, TSL, STI, WDC, DLR, NKE, ANF, ATI, CSTR, DE, GLW, IBM, SLB, VMW, CMG, DHR, ESI, FAS, FCX, SMH, TIF, UCO, V, AKS, ANR, JNPR, X, HLF, SOHU, DECK, HUM, CROX, LVS, CIEN, PCX, RCL, RVBD, CLF, MCP, SWK, TPX, ZION, INFA, BAC, A, TBT, F, JDSU, C, GS, TSLA, COH, MOS, ICE, SINA, GES, CDE

Eight Week Intermediate Term Market Trend: Down

Short Term Market Trend: Neutral