© 2018
QQQ, IWM, ADBE, ADP, ALGN, AMZN, ASML, ATVI,
CA, COST, EA, ESRX, FB, FISV, FOXA, IDXX, ISRG, NFLX, NVDA, PAYX, PYPL, SIRI and VRSK, made new highs.
QQQ broke out to a new all-time high and IWM is horizontal breakout setup.
The DJIA, closed down 25 points at 25,175, above 25,000 for the seventh straight
day, led by weakness in JPM CAT, BA, MMM
and IBM.
Seven sectors were higher on Thursday, led by utilities XLU +1.24% and
discretionary XLY +1.04%.
SPY up .70 at 278.73 on 77.0 million shares, 9% above average volume. Up on
similar volume.
VIX down .82 at 12.12
Oil up .38 to 67.00
TLT up .99 at 120.27 on
10.0 million shares.
DIS +2.30%, CSCO
+1.55%, led the DJIA, 11 advancers.
NKTR +5.50%, RCL
+5.11% and
DISCA +4.47%, led the SPX.
JD +6.06%, MELI
+4.81%, CMCSA +4.64%,
and INCY +4.39%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is sideways.
Up: QQQ, IWM, SPY,
Down:
DIA,
Breadth strengthened
on Thursday, as advancers led 1,647
to 1,234 on
the NYSE and led 1,650 to 1,225 on the
NASDAQ
The SPY MFC green
line is in the
upper zone and is at 96, bullish.
Uptrend
sectors: XLY,
XLK, XLRE, XLE,
Neutral
sectors: XLF, XLV, XLI, XLB, XLU
Down
trend sectors: XLP
Intermediate-term trending stocks:
RACE, ADBE,
IBKR, ETFC, MA, V, ISRG, WIX, NDAQ, WYNN, VRSN, TAL, COP, CRM, NTAP, RNG, AA,
WUBA, FCAU, NVDA, SQ, ALGN, AKAM, SHOP, EL
BA, MU,
MAR, CMA, CME, ANET, HRS, KORS,
DLTR, WB,
TPR,
79 of 100
NDX stocks closed higher on Thursday.
83
NDX stocks are above their 30
DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 8
ALXN, BKNG, BMRN, CSCO, CTXS,
SBUX, STX, VRTX,
Moving Below 30 DMA = 0
The
6-month intermediate and long-term trends are still up. The three-month trend
is sideways. The ten-day trend is up.
3-month Intermediate Term
Market Trend: Sideways
3-day Short Term Market Trend: Sideways
3 comments:
tomorrow should be interesting....
BRKS was a good runner these past few days. You had suggested this a few weeks ago
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