It is always interesting to find out which stocks advance when the market falls sharply, such as Friday. The S&P 500 was down over 2% with heavy selling pressure, but 11 stocks managed to buck the selling pressure and close higher on Friday. How's that for some short-term relative strength. A list of these stocks is provided at the end of this commentary. Looking through the charts, Wynn Resorts (WYNN) jumped out because the stock is trading within a big bullish continuation pattern. WYNN reversed its downtrend with a big double bottom breakout in February and then consolidated with a long rectangle. Admittedly, this big consolidation can go either way, but the odds favor an upside breakout. First, the prior move was up and this favors a continuation. Second, the stock held support when the market broke down. Third, WYNN is up month-to-date and the S&P 500 is down. Thus, WYNN is showing some relative strength. A breakout at 105 would trigger a bullish resolution to this pattern and argue for further strength.
S&P 500 Stocks that closed higher on Friday. 
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