DIA, QQQ Hit New Intra-day High Before Closing Slightly Lower...JPM, C Start Higher Close Lower After EPS...

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After the Close Review of Thursday’s action…IWM, DIA, SPY, QQQ, VIX, TLT, AAPL, MSFT, AMZN, FB, GOOG, GOOGL, XLRE, IYR, XLI, XLU, XLP, XLB and more charts, breakout and bull flag setups… 

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Five sectors were higher on Thursday, led by real estate XLRE +0.70% and industrials XLI +0.53%.

SPY down .38 at 254.64 on 46.7 million shares, 25% below average volume.  Down on lower volume.

VIX up .06 at 9.91

Oil down .28 to 50.74

TLT up .53 at 124.95…on 7.1 million shares, 15% below average.  Up on higher volume. 

CAT +1.08%, and MSFT +0.92%, led the DJIA, 12 advancers.

HST +3.91%, XL +3.35% and GWW +2.93% led the SPX.

FAST +3.21%, JBHT +2.53%, IDXX +2.33%, XRAY +1.90%, and PYPL +1.59%, led the NDX.

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

Up:

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Thursday as advancers led 1,511 to 1,356 on the NYSE and decliners led 1,595 to 1,206 on the NASDAQ.

The SPY MFC green line is in upper zone at 96.9 bullish.

Uptrend sectors:  XLI, XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,

Neutral sectors: XLP,

Down trend sectors:

Intermediate-term trending stocks:  MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA, EDU, PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, TRU, FB, MCD, WB, NVDA, AABA, BABA, ATVI, EA, RACE, WUBA, ADBE, CCL, RCL, SHOP,

52 of 100 NDX stocks closed higher and two were unchanged on Thursday.

63 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

MNST, NTES, XRAY

Moving Below 30 DMA = 3

LVNTA, MELI, ORLY,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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