After the Close Review of Thursday’s
market action… QQQ, ZION bearish
down trend, QQQ, DIA, IWM, VIX, TLT,
LRCX, ADBE, MCD, V, PYPL, CC, ATVI SYMC, MSFT, BIDU, AMAT, JBHT, MCHP, AAPL,
EA, UNH, QQQ, IWM, TSCO, MU, FB, ADSK, LOW, HD…
Eight sectors were higher on Thursday, led by
healthcare XLE +1.11% and
real estate XLRE
+0.62%.
SPY down .03 at 246.87 on 57.9 million shares, 13%
below average. Unchanged on similar
volume.
VIX down .08 at 11.55
Oil down .04 to 49.11
TLT up 1.31 at 129.28…on
13.6 million shares, 85% above avg. Up on higher volume.
V +1.34%, and MSFT +1.28%, led
the DJIA, 16 advancers.
ABBV +6.14%, BMY
+4.96% and
PRGO +4.93% led the SPX.
EBAY +3.40%, SYMC +3.38%, GILD +3.04%, and ATVI +2.86%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
QQQ,
Down:
SPY, DIA, IWM
Breadth weakened
on Thursday as
advancers led 1,476 to
1,378 on
the NYSE and decliners led 1,457 to 1,399 on
the NASDAQ.
The SPY MFC green
line is up at 73,
bullish.
Uptrend
sectors: XLK, XLV,
XLRE, XLU, XLB,
Neutral
sectors: XLE,
XLP, XLY, XLI, XLF,
Down
trend sectors:
Intermediate-term trending stocks: PYPL, ADBE, FB, ATVI, EA, MCD, V, ALGN, ANET,
TTWO, CBOE, RACE, FCAU, CCL, RCL, WUBA, NVDA, BA, SQ, CC, AABA, TRU, LYV, TAL,
BABA, A, EDU, SHOP, EXPE, AA,
56 of 100 NDX stocks closed
higher on Thursday.
68 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 8
ADP, AMZN, EA, HSIC, PCAR, TSLA, VRSK, XRAY,
Moving Below 30 DMA = 6
CMCSA, LBTYA, NCLH, ORLY, REGN, TMUS,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
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2 comments:
Dave,
Thank you so much for your excellent blog and videos therein!! :)
Kathy :)
Thanks Dave, trying to make these videos part of my everyday routine. Thanks for the blog too!
I am a morning watcher so wishing you a great weekend.
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