Stocks Advance Slightly...

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

Breadth weakened on Wednesday as decliners led advancers 1.00 to 1 on the NYSE and 1.16 to 1 on the NASDAQ…

Exchange     NYSE    NASDAQ

Advancers    1,494      1,131
Decliners      1,501      1,315

SPY up 59 cents at 145.09...volume 121.2 million shares

VIX down 28 cents at 15.43…

TNX up 8 cents at 16.23…
TLT up 4cents at 124.29…
XLF up 14 cents at 15.83…

AAPL up 10.14 at 671.45…volume 15.1million shares …

FB down 44 cents at 21.83… volume 31.9 million shares…

Technical Commentary:

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
143.09, 142.33 = SPY
1,424, 1,417.50 = ES
2,775, 2,762.25, 2,750 = NQ

Setups:

Bull Flag: IWM, XLF, BAC, C, WFC, MS, STI, ZION, ANR, CLF, CMG, MCP, SOHU, TBT, BTU, WLT, JRCC, ACI, QCOM, SHLD, PHM, EXPE, PCLN, JDSU, SINA, VMW, FCX, LNKD, IBM, DHR

At Support: EA, INTC, SBUX, BRCM, ATI, CIEN, UAL, F, SWI, XLNX, MCHP, EA, NTAP, ICE, SOHU, AKS, GES, ATVI, CREE, TPX, MXIM, INTC, SLB, WDC, ATVI, EXPD, BIDU, CTXS, Z, INFA, SIAL

Gap Up: ILMN

Resistance BO:  ESRX, YAHOO, INTU, MSFT, NFLX, STI, C, GLW, UAL, URE,   CTSH, CDE, GRMN, LVS, WYNN, CTSH, DE, DHR, HUM, UCO, V, FAST, LIFE, MNST, MXIM, ORLY, ALXN, FAST, PNRA, ORCL, FISV, V

Bounce: AMGN, FFIV, COO, TIF, CRM, FAS, SWK, GS, FB, INFY, ALXN, CERN, NUAN, A, SRCL, ROST, BMC

62 of 100 NDX stocks closed higher on Wednesday…

Leading NDX 100 stocks included:  NFLX, SIRI, EXPE, ESRX, CHRW, AMZN, ISRG, INTU, BIIB, VRSN, SHLF, CERN, YHOO, AKAM, EA, AAPL, GILD

Lagging NDX stocks included: DELL, APOL, NTAP, RIMM GMCR, ALTR, FOSL, SNDK, GOLD, DLTR, INTC, LRCX, CHKP

Leading stocks > +2% on Wednesday included: UAL, CRM, LNKD, FAS, C, STI, CRUS, BAC

Lagging stocks < -2.0% included: UCO, ESI, MCP, FAZ, SWK, CDE, ANR, CROX

Stocks to Watch on Wednesday…

Holding Above 30 DMA = 30

GS, RVBD, C, FAS, FCX, RCL, STI, BAC, CDE, SINA, ZION, LVS, LNKD, HUM, GLW, DE, DHR, IBM, SWK, V, FB, A CHL, GRPN, NTES, TLT, CRM, UAL, ZAGG, HLF, TIF, TSLA

Moving Above 30 DMA = 2

TSL, VMW

Moving Below 30 DMA = 3

F

Staying Below 30 DMA

ATI, CMG, CLF, SOHU, INFA, JDSU, SOHU, CLF, MCP, SWI, ANR, ESI, ICE, MOS, SLB, TBT, ANF, CREE, CRUS, JNPR, URE, COH, CROX, NKE, TPX, VECO, CSTR, DECK, UCO, AKS, DLR, SMH, SWKS, X, WDC, CIEN, GES, FAZ, LDK

Seventeen Week Intermediate Term Market Trend: Up

Short Term Market Trend: Up