The stock market indices started the day off with a thrust to the downside by cracking key support early on with a big gap down. They made lower lows until mid-morning, when the Nasdaq-100 double-bottomed at 2630, and the S&P 500 held around 1359. They worked their way back into what looked like bear flags all day and did not break those patterns up or down. Those bear flags remained into the close and could very well auger more downside tomorrow. I would not be surprised to see them gap lower tomorrow. Resistance, now at 2616 and 1370 S&P 500, will be watched closely tomorrow. Net of the day, the Dow was down 102.09 at 12,927.17, closing back below 13,000, the S&P 500 down 11.59 at 1366.94, about 8 points off the low, and the Nasdaq 100 down 22.54 at 2653.50, about 24 points off the low. Advance-declines were about 3 to 1 negative on the New York Stock Exchange, and about 3 to 1 negative on Nasdaq as well. Up/down volume was nearly 6 to 1 negative on New York, and total volume was 772 million. The Nasdaq traded 1.7 billion, and had a 14 to 3 negative volume ratio. It was quite a negative day on both exchanges today. TheTechTrader.com board was mixed, with quite a few winners. Leading the way was one of our favorites, swing trade Amylin Pharmaceuticals, Inc. (AMLN), up 3.14 to 26.06, or 13.7%, on 12 million shares traded. Barnes & Noble, Inc. (BKS) exploded 2.07 to 13.41, or 18 1/4%, on 4.8 million shares, reaching as high as 14 today. Low-priced Fonar Corp. (FONR) was a big percent gainer, up 1.46 to 6.40, or nearly 30%. Low-priced Dehaier Medical Systems Limited (DHRM) was up 83 cents to 3.06, or 37% on U.K. deal. SGOCO Group, Ltd. (SGOC) jumped 56 cents to 2.93, or 24%, on 2.7 million shares. Keryx Biopharmaceuticals Inc. (KERX) was up 39 cents to 1.75, or nearly 29%, on a whopping 13 million shares on positive drug news. Central European Distribution Corp. (CEDC) gained 60 cents to 4.85, or 14%, on 2.4 million shares after signing a definitive agreement. Brinker International Inc. (EAT), Chili’s parent company, ran up 2.98 to 30.88, or 10.7%, on 7.1 million shares. Other gainers of note included the Direxion Daily China Bear 3X Shares (YANG) which was up 94 cents to 12.64. The Direxion Daily Gold Miners Bear 3X Shrs (DUST), gained 3.37 to 53.62. In addition, Helix Energy Solutions Group, Inc. (HLX) jumped 1.17 to 18.53. Dendreon Corp. (DNDN) snapped back 61 cents to 10.96. Threshold Pharmaceuticals, Inc. (THLD) advanced 37 cents to 6.85. Select Comfort Corporation (SCSS) was up 1.40 to 32.16. Ultra-short ProShares Ultra VIX Short-Term Futures ETF (UVXY) was up 97 cents to 16.60. Michael Kors Holdings (KORS) gained 2.11 to 43.39, and BE Aerospace Inc. (BEAV) ran up 1.32 to 46.12 on earnings rounded out stocks on the upside. The rest of the board was mixed to lower. On the downside, Netflix, Inc. (NFLX) lost 4.27 to 101.84, and continues to get hammered in the aftermarket, under 90 at 88 and change on another 13 points on earnings. Universal Display Corp. (PANL) was down 1.40 to 38.24, SolarWinds, Inc. (SWI) down 1.09 to 36.96, Rackspace Hosting, Inc (RAX) 1.17 to 55.04, Apple Inc. (AAPL) 1.28 to 571.70 and trading as low as 556.62 today, Achillion Pharmaceuticals, Inc. (ACHN) 1.54 to 6.75, and Coinstar Inc. (CSTR) 1.47 to 62.75, trading lower in the aftermarket. The Direxion Daily Small Cap Bull 3X Shares (TNA) was down 2.24 to 53.87, and the Direxion Daily Financial Bull 3X Shares (FAS) down 2.51 to 96.31. Stepping back and reviewing the hourly chart patterns, the indices gapped down, they ran down, stabilized mid-morning, and then rallied back, but in bear-flag fashion. The patterns did not look bullish, that’s for sure. Good Trading! Harry