NDX Pushes to All-time Closing High with SPX, DJIA, RUT Up before July 4 Holiday Weekend...

© 2020

NDX +62.64, +0.61% and SPX +14.15, +0.45%.  NDX made a new all-time closing high.  SPX opened high, traded in a range, closed below its open and higher than Wednesday’s close.  SPX was a bounce continuation on a MACD bullish divergence that reached the high between the two lows of Thursday.  SPY MACD bullish divergence reached its price target of 315.64 on Thursday.

AMZN, TSLA, MSFT, ADBE, NVDA, ASML, LRCX, ANSS ZM KLAC and DOCU made all-time closing highs on Thursday.

Nine of eleven sectors were higher on Thursday, led by XLB, XLE and XLI

Materials leaders:  GWW, XYL, FLS, FAST

Energy leaders:  NBL, FTI, SWN, FANG

Industrial leaders:  SRE, CNP, NI, ETR

SPY up 1.71 at 312.23 on 69.3 million shares, below average volume, up on lower volume.

VIX down .94 at 27.68

WBA, PFE, DOW led the DJIA, 23 advancers, +14

NBL, AKAM, FTI, SWN led the SPX, 358 advancers

TSLA, DOCU, INCY, TCOM led the NDX, 75 advancers

The two-year trend term is up.  The one-year trend is up.

Up: QQQ, SPY, DIA, IWM,

Down:

Breadth strengthened on Thursday as advancers led 1,855 to 1,103 on the NYSE and led 1,917 to 1,426 on the NASDAQ

The SPX MFC green line is pointed down at 55.8 and is defensive.  Price action is a higher close bullish bounce continuation with a black spinning top candle pattern at short-term resistance.

Uptrend sectors:  XLY, XLK, XLC, XLB, XLI, XLRE,

Neutral sectors:  XLV, XLF, XLU, XLP, XLE,

Down trend sectors:

The 6-month intermediate trend is sideways.  The ten-day trend is sideways.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

75 of 100 NDX stock closed higher on Thursday.

78 NDX stocks are above their 30 DMA:  AMZN, CDNS, ASML, IDXX, KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, BIDU, ADI, AVGO, DLTR, MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN, INCY, DOCU, CTSH, CTXS, ADP, CDW, CTAS, DXCM, GILD, INTU, KHC, MU, ORLY, PAYX, PCAR, PEP, ISRG, LULU, VRSK, XLNX, CHKP, COST, EXPE, FB, GOOGL, VRSN, XEL, BKNG, LBTYA, MDLZ, TCOM,

NDX Stocks to Watch on Monday:

Moving Above 30 DMA = 4

BKNG, LBTYA, MDLZ, TCOM,

Moving Below 30 DMA = 2

CMCSA, CSCO,

Add Comments here: