DJIA, DIA, SPX, SPY Recover from Lower Open to Another All-time Closing High...UAL Hits Turbulence After EPS...CCL, RCL, NCLH Rough Sailing...

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After the Close Review of Thursday’s action…and what a day it was…don’t miss this discussion…9:56 pm PT

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Five sectors were higher on Thursday, led by utilities XLU +1.05% and healthcare XLV +0.61%.

SPY up .07 at 255.79 on 57.9 million shares, 6% above average volume.  Up on higher volume.

VIX down .02 at 10.05

Oil down .66 to 51.59

TLT up .22 at 125.31…on 8.5 million shares, 13% above average.  Up on higher volume.

TRV +2.42%, and GE +1.99%, led the DJIA, 20 advancers.

EVHC +10.90%, DHR +4.71% and MLM +3.02% led the SPX.

ADBE +3.25%, ULTA +3.15%, VIAB +2.75%, DISCA +2.34%, and MYL +2.08%, led the NDX.

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

Up: DIA, SPY,

Down: IWM, QQQ,

Breadth weakened on Thursday as advancers led 1,442 to 1,398 on the NYSE and decliners led 1,588 to 1,309 on the NASDAQ.

The SPY MFC green line is in upper zone at 98 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,

50 of 100 NDX stocks closed higher and one was unchanged on Thursday.

60 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

AVGO, 

Moving Below 30 DMA = 8

AAPL, AMGN, CTRP, ILMN, MDLZ, NCLH, SWKS, TSLA,

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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