SPX, DJI, RUT, NDX & ETF's Make New All-time Closing Highs...SPX Closes above 3,800 for First Time...

 
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Stocks opened higher and trended higher on Thursday.   SPY, DIA, QQQ and IWM all made new all-time closing highs.  Technology stocks AAPL, MSFT, AMZN, GOOGL, FB, NVDA, PYPL, ADBE and NFLX rebounded from Wednesday’s selloff.
 
NDX +316.22, +2.51%, on Thursday and is a breakout setup.
 
SPX +55.65, +1.48%, closed at 3,803, closes above 3,800 for the first time, a new all-time closing high.
 
TSLA rose +7.94%, on Thursday a new all-time closing high.
 

Nine of eleven sectors were higher on Thursday, led by XLK, XLY and XLE. 
 
Technology leaders: TER, XLNX, NVDA AMD
Consumer Discretionary leaders: TSLA, LB, APTV, DHI
Energy leaders: EOG, FTI, PXD, OXY
 

 
SPY up 5.55 at 379.10 on 68.7 million shares, just above average volume, up on lower volume.
VIX down 2.70 at 22.37
 
WBA, AAPL, JPM, MSFT led the DJIA, 20 advancers, -3
TSLA, EOG, TER, LB led the SPX, 348 advancers
NTES, PTON, INCY, DOCU led the NDX, 81 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Advancers weakened on Thursday as advancers led 1,930 to 1,222 on the NYSE and led 2,823 to 956 on the NASDAQ
 
The SPY MFC green line turned up at 85.3 and is short-term bullish.  Price action is a horizontal breakout.
 
Uptrend sectors:  XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Neutral sectors:  XLRE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
81 of 100 NDX stocks closed higher on Thursday.
 
77 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, SBUX, ASML, MNST, ROST, CSCO, AVGO, ADSK, TSLA, PYPL, AAPL, ANSS, ATVI, BIDU, CDNS, EA, ILMN, ISRG, SNPS, CHKP, CERN, DXCM, IDXX, ALXN, SWKS, ORLY, NTES, VRSK, MRVL, MTCH, PTON, BKNG, MDLZ, AMGN, INTC, JD, PDD, KLAC, NXPI, WDC, EBAY, GILD, LRCX, WBA, BIIB, CTSH, FOXA, LULU, MCHP, QCOM, CSX, DLTR, EXC, FAST, FISV, MAR, PCAR, SIRI, AMD, CDW, CPRT, CTAS, DOCU, GOOGL, INCY, INTU, MSFT, NVDA, TEAM, TMUS, VRTX, XLNX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 14
AMD, CDW, CPRT, CTAS, DOCU, GOOGL, INCY, INTU, MSFT, NVDA, TEAM, TMUS, VRTX, XLNX,
 
Moving Below 30 DMA = 1
XEL,
 
 
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