DIA, SPY Pause Near All-time Highs...

Three sectors were positive, led by industrials XLI and utilities XLU.

SPY down -0.47 at 243.77 on 66.4 million shares, 4% below average.

VIX up .26 to 10.90.

Oil down -0.44 to 44.24

TLT down -0.20 at 126.10…on 5.8 million shares, 21% below average.

GE +1.72% and CAT +1.61% lead the DJIA.

HRB +3.02%, HOG +2.91% and ADS +2.77% led the SPX.

PCAR +1.91%, NCLH +1.42%, MNST +1.08% and PAYX +1.07% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is neutral.

Up:

Down: DIA, SPY, QQQ, IWM,

Uptrend sectors:  XLY, XLP, XLV, XLI, XLU, XLK, XLRE, XLB

Breadth weakened as decliners led 1,805 to 1,117 on the NYSE and led 1,784 to 1,005 on the NASDAQ.

The SPY MFC green line is pointed down in upper zone at 88, bullish.

Look for a potential bounce in: SPY, IWM, V, EXPE, QQQ, XLY, AMZN, FB, ANET,

WDC, BABA, PYPL, NVDA, YHOO, EA, TAL, MCHP, CSX, BBY, BBRY, LRCX, RACE, ADSK, AMD, AVGO, NLFX, WB, XLNX, MOMO, KWEB, JD, SHOP, SWKS, KLAC, AMAT, ADBE, GOOGL, AAPL

One Day Pullback: WMT

Bounces included: SQ,

Break of short-term support: CC, BIDU,

Potential Breakouts include: TSLA, HD, MCD, MNST, SPY, RCL, DDD, HUN, ATVI, MAR, WYN,

Breakouts:

New Highs: DIA, TLT

30 of 100 NDX stocks closed higher on Thursday.

56 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

CA, FOXA, MDLZ, PCAR, VIAB

Moving Below 30 DMA = 8

ADI, AMZN, AVGO, EBAY, GILD, GOOG, MXIM, WBA

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Neutral

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