Stocks Show Moderate Gains...

Seven of nine sectors moved higher on Wednesday…XLY, XLB and XLP were the strongest sectors. 

Breadth strengthened on Wednesday as advancers lead decliners 1.37 to 1 on the NYSE and weakened as decliners lead advancers 1.11 to 1 on the NASDAQ… 

Exchange      NYSE    NASDAQ 

Advancers    1,728       1,165

Decliners       1,253      1,301

SPY up .08 cents at 146.70...volume 128.3 million shares 
VIX down - .30 at 13.88…

TNX down .30 at 17.72…

TLT up .79 at 121.11…

XLF down .01 cents at 16.04…

Gold down 2 at 1,770…

Oil down .25 cents at 91.73…

AAPL up .19 at 702.10…volume 11.6 million shares …

FB up  1.42  at 23.29… volume 78/7 million shares…

The Market Forecast green line is in the upper zone.

Technical Commentary:

Be mindful that most stocks in our lists have already bounced or broken out of resistance and that profits should be protected according to your rules.

 

New Chart Targets:
SPY = 147.88 2.61 Fib 
ES = 1,466.00 2.61 Fib on ESZ2 
Eur/Usd = 1.3095 1.60 Fib, 1.3345 S&R Measuring.

Short-term support at

144.39, 143.09 = SPY

1,438.75, 1,421.50 = ES

2,802.50, 2,775, 2,750 = NQ

Setups:

Breakout:  Monday:  LIFE, FFIV; Tuesday:  KFT

Break in Support:  Monday:  BA; Tuesday:  FLEX, ROST, DECK, COH, MOS; Wednesday:  ROST, CSTR,

Break In Resistance:  Wednesday:  WCRX, NWSA, SNDK,

Diagonal Breakout:  Tuesday:  KFT; Wednesday:  FISV, HSIC, CMCSA, CHRW, CERN, NKE, NTES, UAL,

Gap Up:  Wednesday:  CHL,

Gap Down:  Monday:  SBUX; Tuesday:   BBBY; Wednesday: KLAC, LRCX, MAT, AMAT, DECK,

Flag:  Monday:  APOL, LRCX

57 of 100 NDX stocks closed higher on Wednesday…

Leading NDX 100 stocks included: GMCR, WYNN, MY MNST, CERN, SIRI, EXPE, SNDK, BIDU, WFM, FFIV, SPLS, SBUX, NFLX, FOSL

Lagging NDX stocks included: KLAC, RIMM, LRCX, MAT, AMAT, FLEX, MRVL, LIFE, INTU, DELL, LLTC, ALTR, BRCM, INTC, APOL , SRCL, CA, STX

Leading stocks > +2% on Wednesday included: GRPN, UAL, FB, LSK, NTES, RCL, ANR, CHL, TSL, SINA, LVS, F, MOS

Lagging stocks < -2.0% included: DECK, CSTR, ANR, SLB, DLR, HLF, ICE, MCP, ZAGG, ESI, SMH, TSLA, VECO, CLF

Stocks to Watch on Thursday…

Holding Above 30 DMA = 53 
TPX, TIF, GS, RVBD, SWI, CRUS, CROX, CREE, FAS, FCX, STI, JDSU, C, RCL, BAC, CRM SINA, SOHU, CDE, F, ZION, ANF, INFA, ICE, LVS, LNKD, HUM, URE, GLW, COH, MOS UAL, ESI, DE, DHR, SWK, CMG, VMW, TBT, IBM, ATI, VECO, ANR, V, CLF, SLB, MCP, JNPR, ZAGG, FB, A, TSLA, NKE

Moving Above 30 DMA =3

CHL, NTES, GRPN

Moving Below 30 DMA = 0

Staying Below 30 DMA 
DECK, HLF, CSTR, UCO, X, AKS, DLR, GRPN, WDC, CIEN, TSL, GES, CHL, NTES, FAZ, LDK

Fifteen Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up