The SPX pulled back -12.72 and closed at 1,185.90. Each of the broad indexes formed a potential bearish harami.
Three NDX stocks closed above their 30 DMA and 8 closed below with the total above at 52. In our 30 DMA Watch List, one stock moved above the 30 DMA with 41 above.
NDX potential bearish harami, above 30 DMA -0.43%
SPX potential bearish harami, closed below 30 DMA -1.06%
INDU potential bearish harami, at 30 DMA -1.04%
COMPQ potential bearish harami, above 30 DMA -0.78%
RUT potential bearish harami, below 30 DMA -2.05%
Breadth weakened as decliners led advancers 3.54 to 1 on the NYSE and 3.13 to 1 on the NASDAQ …
Exchange NYSE NASDAQ
Advancers 665 616
Decliners 2,359 1,933
All nine sectors moved lower on Thursday.
Interest rates TNX closed -0.50 at 19.86, bond ETF TLT moved up +1.00 and Financials XLF moved down 28 cents. The Euro moved down 215 pips to close at 1.3882 at 5 pm on Wednesday.
SPX
Resistance: 1,200, 1,225, 1,235
Support: 1,177, 1,160, 1,146
AAPL +0.22 – potential shooting star, above 30 DMA
AMZN -2.64 – spinning top confirms hanging man, above 30 DMA
BIDU +0.96 – spinning top, above 30 DMA
GOOG +0.93 – spinning top, below 30 DMA
NFLX -4.80 – black spinning top, below 30 DMA
PCLN -3.75 – doji confirms hanging man at resistance, above 30 DMA
QCOM -0.14 – potential tombstone doji, closed above 30 DMA
NDX 100 stocks stronger than the NDX include YHOO, MU, CSCO, EBAY, SNDK, LINTA, GMCR, VRTX, VMED and GRMN.
Stocks weaker than the NDX include WCRX, FSLR, LIFE, CTSH, QGEN, ORCL, SIAL, CTXS, ADSK and SPLS.
