Thursday, December 14, 2017

SPX Lower on Weakness in Material and Healthcare Sectors...DJIA Snaps 5-day Advance Led by Declines in CAT, UNH...

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After the Close Review of Thursday’s market action…QQQ, DIA, SPY, IWM, VIX, DIS, FOXA, BA, NKE, KO, PG, IBM, AAPL, AMZN, FB, GOOGL, MSFT, NFLX, TXN, AAL, MAR, STX, XLY, XLRE  and more breakout setups…technical analysis insights…10:12 pm PST
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Two sectors were higher on Thursday, led by discretionary XLY +0.31% and real estate XLRE +0.09%.

SPY down 1.09 at 265.66 on 100.1 million shares, 40% above average volume.  Down on similar volume.
VIX up .31 at 10.49
Oil up .50 to 57.17
TLT up .54 at 127.87…on 6.9 million shares, 9% above average volume.  Up on lower volume.

DIS +2.75%, and BA +0.70%, led the DJIA, 6 advancers.
MAT +4.17%, TIF +3.37%, and DAL +3.02%, led the SPX.
FOXA +6.50%, LBTYA +1.99%, TXN +1.41%, CMCSA +1.40%, and DISCA +1.26%, led the NDX.

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


Breadth weakened on Thursday, as decliners led 1,914 to 1,016 on the NYSE and led 2,067 to 856 on the NASDAQ.

The SPY MFC green line is pointed up in the upper zone at 91, bullish.

Uptrend sectorsXLY, XLI, XLF, XLB, XLV, XLP, XLE, XLRE,
Neutral sectors: XLK, XLU
Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past week and it is appropriate to wait for the uptrend to resume before considering entry… CBOE, VRSN, WYNN, BA, MCD, CAT, TRU, LYV, FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL, ALGN, V, MU, FB, A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,

38 of 100 NDX stocks closed higher on Thursday.

59 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1                            

Moving Below 30 DMA = 6

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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