Euro, XLF, SPY, Coal Stocks Continue to Move Higher...

Seven of nine sectors moved up on Wednesday…XLF, XLE and XLU were the strongest sectors.

Breadth weakened slightly on Wednesday as advancers led decliners 2.27 to 1 on the NYSE and 1.57 to 1 on the NASDAQ…

Exchange      NYSE     NASDAQ

Advancers     2,058       1,487
Decliners          904          945

SPY up 66 cents at 146.20...volume 128.8 million shares

VIX down -0.15 at 15.07…

TNX up 0.91 cents at 18.11…
TLT down 1.13 cents at 120.85…
XLF up 20 cents at 16.29…

AAPL down -5.03 at 644.61…volume 13.9 million shares …

FB up 40 cents at`19.88… volume 44.1 million shares…

Technical Commentary: The Euro rose as the dollar fell, interest rates, XLF and the SPY moved higher towards recent highs and continued the support bounce that began on Monday…Coal stocks, ANR, CNX, JRCC, WLT and BTU were big movers again on Wednesday. AAPL continues to consolidate just above support. GOOG reports after the close on Thursday.

Earnings to Watch:

Positive Reactions – C, GS, ISRG, MAT, STT
Negative Reactions – IBM, APOL, CHKP, INTC, INFY

Wednesday – BAC, AXP, EBAY, LRCX, XLNX, CHKP

Thursday – GOOG, MSFT, SNDK, MS,RVBD, ALXN, FLEX
Friday –

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.00 2.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
143.09, 142.33 = SPY
1,424, 1,414.50, 1,400 = ES
2,695, 2,650 = NQ

Setups:

Bull Flag: UAL, NTES, FAST

Resistance BO Setup: FAS, RCL, MXIM, CLF, TIF, BIDU, CMCSA, NWSA, GOLD, SHLD, SIAL, SRCL, WFM, XLNX,

Moves:

Gap Up: MAT, CREE

Gap Down: IBM, APOL, CHKP

Resistance BO: ANR, AMGN, ISRG, ADBE, GLW, WYNN, V

Bounce: GMCR, NFLX, GOOG, AMZN, GILD, NWSA, LIFE, SRCL, QCOM, ALXN, DTV, SBUX, BRCM, CA, FLEX, AVGO, NVDA, CLF, TIF, JDSU, JNPR, AKS, C, DE, DECK, X

51 OF 100 NDX stock closed higher on Wednesday…

Leading NDX 100 stocks included: GMCR, NFLX, FLEX, SPLS, ALXN, RIMM, NWSA, GILD, DTV, AMZN

Lagging NDX stocks included: APOL, CHKP, CTXS, FFIV, SYMC, INTC, MNST, BMC, ORCL, AKAM

Leading stocks > +2% on Wednesday included: CREE, ANR, DECK, MCP, TSL, AKS, CLF, CSTR, RCL, FAS, C, X, STI, TSLA, TPX, FB, FCX

Lagging stocks < -2.0% included: ESI, IBM, SWK, SWI, VMW, FAZ, RVBD, CRM, CIEN

Stocks to Watch on Thursday…

Holding Above 30 DMA = 30
GS, C, FAS, FCX, RCL, BAC, CDE, ZION, HUM, GLW, DE, DHR, V, GRPN, NTES, UAL, HLF, TPX, CLF, X, ANR, F, TLT, AKS, LVS, ATI, GES, NKE, SLB, TIF

Moving Above 30 DMA =3

CREE, STI, TSL

Moving Below 30 DMA = 3

CRM, CRUS, IBM

Staying Below 30 DMA

CHL, RVBD, TBT, A, LNKD, LVS, SWK, TSLA, VMW, FB, ZAGG, SWI, SINA, CMG, INFA, JDSU, SOHU, MCP, ESI, ICE, MOS, ANF, JNPR, URE, COH, CROX, VECO, CSTR, DECK, UCO, DLR, SMH, SWKS, X, WDC, CIEN, FAZ, LDK

Five Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up