SPY, QQQ, DIA Bonce as DIA Nears HBO to New All-time High...

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Futures led the broad market higher, with DIA closing near January’s high.  Watch for a potential breakout to a new all-time high on Friday.

SPY, QQQ and IWM bounced in their bull flag while DIA is a HBO setup.  Continue to watch for potential entry on Friday.

AXP, CRM, NKE, PANW, QCOM and V hit new highs on Thursday. 

Eight sectors were higher, led by healthcare XLV +1.24% and energy XLE +0.52%.

The DJIA, closed up 147 points at 26,145 led by strength in AAPL, UNH, IBM, MMM and BA.  This is the forty-fourth consecutive close above 25,000 since June 15 and the first close above 26,000 since Feb 1.

SPY up 1.71 at 290.83, on 51.0 million shares, 11% below average volume. Up on higher volume.

VIX down .77 at 12.37 

Oil down 1.49 at 68.81

TLT up .18 at 119.12 on 4.8 million shares. 

AAPL +2.42%, IBM +1.62%, led the DJIA, 23 advancers, +6.

DVA +5.58%, IFF +4.64% and DISCA +3.71%, led the SPX.

NTES +5.31%, MU +4.50%, QCOM +3.99%, and ASML +3.78%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up, bull flag bounce.

Up: QQQ, SPY, DIA, IWM

Down:

Breadth strengthened on Thursday, as advancers led 1,643 to 1,255 on the NYSE and led 1,489 to 1,472 on the NASDAQ

The SPY MFC green line is pointed up at 77 bullish. 

Uptrend sectors:  XLU, XLV, XLP, XLY, XLK, 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: Up

78 of 100 NDX stocks closed higher on Thursday.

61 NDX stocks are above their 30 DMA.  COST, AMGN, ISRG, AMZN, CHKP, CA, CTAS, ORLY, AAPL, QCOM, PCAR, ROST, XLNX, SBUX, CMCSA, ILMN, VRSK, SNPS, CSCO, PAYX, WDAY, DISH, FISV, ADP, TTWO, ESRX, REGN, ADSK, NVDA, ADBE, PYPL, INTU, ALGN, CHTR, VRTX, SIRI, SYMC, AVGO, ULTA, MAR, HAS, HSIC, WBA, ATVI, NFLX, AAL, MDLZ, MSFT, TMUS, FAST, CTXS, EBAY, IDXX, KHC, LBTYA, SHPG, BIDU, CDNS, CERN, CTSH, QRTEA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

BIDU, CDNS, CERN, CTSH, QRTEA,

Moving Below 30 DMA = 2

CSX, EXPE,

Intermediate-term trending stocks: 

ADBE, COST, DG, AAPL, AMZN, MA, V, AET, ISRG, PAYX, VRSN, COP, CRM, NTAP, RNG, SQ, UNH, NVDA, ALGN, CHGG, GRUB, TWLO, W, CDNS, PAYC, FISV, NDAQ, LPSN, PSTG, ZUMZ, WIX, SHAK, ETFC, EL, CME, KORS, A, WUBA,

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