Thursday, August 23, 2018

AMD, SQ, BBY, NVDA Reach New Highs...ADSK Gaps Up Following EPS in After-hours...




© 2018



SPY and DIA closed down for the second straight day on Thursday.  IWM and QQQ also closed lower.

AMD, SQ, BBY and NVDA hit new highs on Thursday. 

One sector was higher on Thursday, led by technology XLK +0.22% and healthcare XLV -0.03%.

The DJIA, closed down 76 points at 25,656, led by weakness in GS, CAT, BA, MCD and XOM.  This is the thirtieth consecutive close above 25,000 since June 15.

SPY down .38 at 285.79, on 49.2 million shares, 15% below average volume. Down on higher volume.
VIX up .16 at 12.41 
Oil down .27 at 67.84
TLT up .19 at 122.05 on 5.3 million shares. 

V +0.68%, HD +0.60%, led the DJIA, 13 advancers, +5.
AMD +6.65%, TSCO +2.79% and NLSN +2.89%, led the SPX.
SNPS +6.36%, ULTA +2.00%, ROST +1.73%, and NVDA +1.53%, led the NDX.

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

Up:
Down: SPY, QQQ, DIA, IWM

Breadth weakened on Thursday, as decliners led 1,858 to 990 on the NYSE and led 1,712 to 1,194 on the NASDAQ

The SPY MFC green line is in the upper zone pointed down at 90 bullish

Uptrend sectorsXLV, XLP, XLY, XLK, XLU, XLRE, XLI
Neutral sectors: XLF, XLE, XLB,
Down trend sectors:

The 6-month intermediate and long-term trends are still up.  The three-month trend is now up.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways

33 of 100 NDX stocks closed higher on Thursday.


55 NDX stocks are above their 30 DMA.  COST, AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST, AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN, VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL, JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL, STX, INTU,


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

Moving Below 30 DMA = 6
CHTR, EBAY, MNST, SHPG, SIRI, VRTX,


Intermediate-term trending stocks
ADBE, ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM, CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,
MAR, ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,

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1 comment:

snp said...

watching tsco 91 for a short. also wsm 76-77. snps 103-105. looks like baba getting hit and everyone seeing 160. sometimes a well watched level is never hit. markets slumping but this is a gentleman's pull back if i ever saw one. do you mind if i sell? oh, no not a'toll, please go right ahead. oh, well if you were going to sell you can go first. thats quite alright, after you. no worries. lets sell together shall we? bloody good idea. i mean 34 cents a day spy is pretty silly...death by doji...no sign of panic anywhere. is it late summer or what?