Thursday, August 6, 2020

NDX All-time Closing High...SPX 44 points From February All-time High...



© 2020


NDX +141.65, +1.27%, NH breakout to an all-time closing high.
SPX +21.39, +0.64%, opened lower and closed higher, a breakout continuation.

FB +16.16, +6.49%, AAPL +15.36, +3.49% lift NDX to new closing high.

3 SP500 stocks report before the open on Friday.

Six of eleven sectors were higher on Thursday, led by XLC, XLK and XLU.

Communication Services leaders:  CTL, FB, VIAC, ATVI
Technology leaders:  FISV, MSI, AAPL, ADBE
Utilities leaders:  CNP, EVRG, FE, ETR

SPY up 2.22 at 334.33 on 43.6 million shares, below average volume, up on higher volume.
VIX down .34 at 22.65

AAPL, DIS, MCD led the DJIA, 17 advancers, -2
MGM, SEE, AES, WYNN led the SPX, 239 advancers
FB, FISV, MAR, ADBE led the NDX, 59 advancers

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

Up: QQQ, DIA, SPY, IWM,
Down:

Breadth was mixed on Thursday as decliners led 1,496 to 1,458  on the NYSE and led 1,803 to 1,542 on the NASDAQ

The SPX MFC green line is pointed up at 98 and is short-term bullish.  Price action is a horizontal breakout continuation.


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

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

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

59 of 100 NDX stock closed higher on Thursday.

75 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, SPLK, TSLA, NTES, MXIM, LRCX, EA, TTWO, ATVI, ILMN, ANSS, AMGN, DOCU, DXCM, PEP, VRSK, XLNX, CHKP, COST, MNST, CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, EXC, TCOM, CSCO, MRNA, SIRI, VRSN, AMAT, BIIB, INTU, QCOM. SNPS, JD, ROST, SBUX, KLAC, ADBE, AVGO, FB, MSFT, NFLX, NXPI, TMUS, ADSK, DLTR, TXN, ZM, BIDU, ALGN, BKNG, ULTA, EXPE, FISV, GOOGL, MAR,

NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
EXPE, FISV, GOOGL, MAR,

Moving Below 30 DMA = 5
CDW, EBAY, LBTYA, MU, WDC,

Add Comments here:

2 comments:

TraderBobb said...

Thanks Dave for continuing this blog.
Gratefully,
Robert
CANI_212

Unknown said...

Me too. - Thanks Dave

It is part of my daily routine.