SPX Pauses Above Wednesday's S1...ORCL Leads SPX on Positive EPS Gap...

Technical Commentary

Stocks indexes paused after Wednesday’s post-FOMC announcement rise.  Thursday’s price action stayed well above Wednesday’s S1 area.

The intermediate and long-term trends are still up.

IWM +0.55%, QQQ -0.07%, DIA -0.07%, SPY -0.20%,

                  (click image to enlarge)

Up Trend: XLF, XLI, XLY, XLK, XLP, XLU, XLV

Sideways: XLB, XLRE

Down Trend: XLE

Breadth strengthened as advancers led 1,681 to 1,332 on the NYSE and led 1,693 to 1,133 on the NASDAQ.

Thursday – weakened, advancers led, +3

Wednesday – strengthened, advancers led, +9 sectors

Tuesday – weakened, decliners led, +0

Monday – steady, advancers led, +8

Friday – strengthened, advancers led, +7

Thursday – strengthened slightly, decliners led, +4

SPY down .47 at 238.48 on 78.3 million shares, 4% above average volume,

VIX down .42 at 11.21

TLT down .60 at 117.90…on 8.0 million shares 9% below average volume

Oil futures were down .19 to close at 48.77 on Thursday.

The SPY MFC green line is pointed up in the upper zone at 83, bullish.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX down 4 points at 2,381.

SPX  gainers ORCL, FTR, NRG, TDG, BEN, WFM, KSS, ICE, SCHW, UAA, NUE, DHI, R, XRX, PHM, LEN, ETFC, PVH, LRCX, RHI, WYNN, DLTR, WRK, CMA, GPN, NVDA, STT, CERN, FOSL, SPGI, MS, WYN, WFC, KHC, AYI, RHT, EXPE, BHI, FFIV, COTY

                  (click image to enlarge)

QQQ closes down .09 at 132.01.

   

NDX percentage leaders: BIDU, TSLA, VOD, LRCX, DLTR, NVDA, CHKP, QVCA, CERN, and ENDP

50 of 100 NDX stocks closed higher on Thursday.

77 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

AKAM, TSLA

Moving Below 30 DMA = 5

BIIB, CHTR, ILMN, MAT, ROST

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