PCLN Gaps 55 on Strong EPS...Stocks Make Broad Gains...

Markets exploded to the upside on Thursday as stocks moved from Wednesday’s range day to a strong trend day as eight of nine sectors moved higher…XLB, XLI and XLK were the strongest sectors.

Breadth strengthened on Thursday as advancers led decliners …3.31 to 1 on the NYSE and 1.88 to 1 on the NASDAQ…

SPY +1.48 at 142.83...volume 101 million shares

VIX -1.91 at 16.69…
TNX +0.29 at 17.15…

TLT -1.01 at 122.35…
XLF up 19 cents at 16.09…volume 58.6 million shares

AAPL up +1.22 at 596.54…volume 12.9 million shares …

FB up 10 cents at`21.21… volume 99.3 million shares…

Technical Commentary:
While NFLX and AMZN pulled back, AAPL finished positive and VRSN, WLT, GMCR, AKS, X, RIMM, CIEN, JDSU and coal stocks, WLT, BTU, CNX, ANR were among individual big movers to the upside.  Dozens of breakout setups are on the charts tonight indicating that this support bounce move may be just getting started.

PCLN +55.90 gapped up after the close on strong EPS report.

The Euro closed down 14 pips near support in its current bull flag pattern.  TNX, interest rates rose, TLT, closed bonds lower and XLF was up 19 cents confirming Wednesday’s hammer at horizontal support.

The SPY was up +1.48 closing at142.83 above its 141 support level.  The VIX moved lower confirming the SPY support bounce.

ES bounce up from its 1,400 support level.  NQ bounced and closed at 2,685 following through on its confirmed MACD histogram bullish divergence.

Chart Targets:

SPY = 147.88 2.61 Fib
ES = 1,466.002.61 Fib on ESZ2
EUR/USD = 1.3095 1.60 Fib, 1.3345S&R Measuring

Short-term support at
141, 139.40 = SPY
1,400, 1,390 = ES
2,650, 2,610 = NQ

88 OF 100 NDX stock closed higher on Thursday…

Leading NDX 100 stocks included: VRSN, RIMM, GMCR, FOSL, MU, SNDK, EA, NVDA, KLAC, VRTX

Lagging NDX stocks included: ROST, NFLX, COST, PNRA, VMED, KRFT, WFM, AMZN, ISRG, GOLD

Leading stocks > +2% on Thursday included: AKS, ANF, JDSU, ZAGG, CIEN, X, SOHU, ATI, TIF, BAC, GES, NKE, TPX, JNPR, FCX, CLF, TSLA, DECK, VMW, FAS, CREE, V, NTES, WDC, CMG, ANR, A, CDE, SMH, SWKS, SWI, RCL, VECO, INFA, LDK, HUM, COH, GS

Lagging stocks < -2.0% included: CRUS, FAZ, GRPN

Stocks to Watch on Friday…

Holding Above 30 DMA = 27
VMED, CMCSA, LINTA, SIRI, SHLD, FISV, AMGN, ISRG, ADBE, LRCX, MAT, YHOO, MYL, ORLY, PCAR, SRCL, SYMC, TXN, WYNN, CERN, CHRW, EXPD, EXPE, MXIM, NFLX, RIMM, FAST

Moving Above 30 DMA = 18

ADP, ADSK, AKAM, AVGO, EBAY, FOSL, GMCR, INTC, INTU, KLAC, LIFE, LLTC, MSFT, ORCL, PAYX, SNDK, SPLS, XRAY

Moving Below 30 DMA = 0

Staying Below 30 DMA

BIDU, PNRA, GILD, EXPD, CTSH, GOLD, NWSA, PCAR, SIAL, VIAB, ALXN, CELG, EA, ESRX, MNST, TXN, VRSN, WFM, BIIB, FLEX, GOOG, MYL, CHKP,  APOL, INFY, ORLY, VRTX, COST, AMZN, BMC, FFIV, GRMN, HSIC, PCLN, VOD, WCRX, DLTR, DTV, NUAN, QCOM, SBUX, AAPL, ATVI, BRCM, CA, NTAP, XLNX, CTXS, SYMC, CSCO, MU, ALTR, BBBY, AMAT, KLAC, MCHP, ROST, STX, NVDA, DELL, MRVL, KRFT

Eleven Week Intermediate Term Market Trend: Neutral

Short Term Market Trend: Up