© 2018
The financial sector was strongest on
Thursday with gains in MS, BAC, JPM, C,
IBKR and many other financial stocks. Semiconductor stocks were led lower by a EPS
miss and lower guidance from TSM -5.70%. AMAT,
ADI, QCOM, MU, XLNX, TXN, STX, NVDA and
INTC fell in sympathy with TSM.
The DJIA, closed down 83 points at 24,664, led by weakness in AAPL, HD, PG, MCD and DWDP.
Two sectors were higher on Thursday, led by financial XLF +1.53% and
energy XLE +0.12%.
SPY down 1.50 at 268.89 on 77.6 million shares, 26% below average
volume. Down on higher volume.
VIX up .36 at 15.96
Oil down .60 to 68.16
TLT down .98 at 119.32 on
9.8 million shares.
AXP +7.59%, GE
+2.42%, led the DJIA, 8 advancers.
SNA +6.23%, BK
+5.70% and
GWW +5.34%, led the SPX.
TSLA +2.29%, AMZN +1.90%, GOOGL +1.31%,
and FB +1.05%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
Down:
DIA, SPY, IWM, QQQ
Breadth weakened on Thursday, as decliners led 1,989 to 894 on the NYSE and led 1,806 to
1,062 on the
NASDAQ.
The SPY MFC green
line is pointed
up and is at 55, bullish.
Uptrend
sectors: XLU,
XLE,
Neutral
sectors: XLRE, XLY, XLF, XLV, XLI, XLB,
XLK, XLP
Down
trend sectors:
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past two months and it is appropriate to wait for the
uptrend to resume before considering entry… ADBE, IBKR, ETFC, EL, TPR, WIX,
NDAQ, WYNN, MU, VRSN, ANET, AKAM, COP, CRM, HRS, KORS, NTAP,
SQ, CMA,
CME, RNG, AA, WUBA, FCAU, MA, V, ALGN, TAL,
BA, DLTR,
NVDA, MAR, ISRG, WB, RACE, SHOP,
12 of 100
NDX stocks closed higher on Thursday.
49
NDX stocks are above their 30
DMA. WYNN, SHPG,
ADBE, HSIC, SBUX, VRSK, DLTR, ULTA, VOD, ADP, CTXS, INTC, PCAR, STX, SYMC,
ALGN, BMRN, CELG, CHKP, COST, ILMN, MSFT, NFLX, FOXA, CA, CSCO, CSX, CTAS,
EXPE, IDXX, INTU, JBHT, MNST, ROST, TMUS, ADSK, AMZN, BKNG, CTSH, ESRX, GOOGL,
HOLX, ISRG, MAR, PYPL, SNPS, WDAY, EBAY, SIRI,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 2
FB, LBTYA,
Moving Below 30 DMA = 13
AAPL, ADI, ASML, AVGO,
CDNS, CERN, DISH, EA, FISV, MAT, NVDA, SNPS, WBA,
The
intermediate and long-term trends are still up. The three-month trend is sideways. The ten-day trend is up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Up
8 comments:
Yep, I saw those bull flags flying high. Will put auto entry orders in for a number of them. Have a great day Dave and all folks...
Been out of town a few days.... Great to see the posting here Dave... Always look forward to this review
Dave is also out of town until this weekend on Vacation
Thanks, Michael. Started feeling like I was alone in the desert... hahaha.
Hope Dave had a wonderful vacation. Miss his videos and commentary and insights of the market.
Dave should be back Monday....I'm excited. It will be a great video.
Sorry out of town until Wed. Should be back to normal Thurs may 3
Hope you had a wonderful vacation Dave......
It's wonderful to have you back, I missed your insights in the markets...
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