Thursday, October 28, 2021

SPX, NDX All-time Closing Highs...Real Estate, Discretionary Lead Sectors...AAPL, AMZM Fall after-hours on Negative EPS Reaction...

  
© 2021
 

SPY, QQQ post another all-time closing high as DIA, IWM resume their rally.
 
Monday, Tuesday: SPX, DJIA new all-time closing high
Wednesday:  NDX new all-time closing high
Thursday:  SPX, NDX new all-time closing high, GDP 2.0% < 2.7% forecast
    
 
SPX closed at 4,596, and NDX closed at 15,778.
 
SPY up 4.38 at 458.32, on 51.4 million shares, below average volume, up on lower volume.  
VIX down .45 at 16.53
QQQ up 4.22, +1.11% at 384.22
 
 
MRK, CAT, AAPL, JPM led the DJIA, 25 advancers, +19
TER, AOS, F, NLSN led the SPX, 401 advancers.
REGN, ALGN, KLAC, PCAR led the NDX, 80 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
SPY = all-time closing high
DIA = re-BO
QQQ = all-time closing high
IWM = channel bounce up.
 
All eleven sectors were higher on Thursday, led by XLRE, XLY and XLI.
 
Real Estate leaders: EXR, PSA, EQIX, DRE
Consumer Discretionary leaders: F, GPS, WHR, LKQ
Industrials leaders: AOS, NLSN, URI, PWR
 
Advancers strengthened on Thursday as advancers led 2,322 to 1,014 on the NYSE and led 3,270 to 1,303 on the NASDAQ.
 
The SPY MFC green line turned up at 94.1 and is bullish.  SPY is a new all-time closing high. 
 
 
Uptrend sectorsXLY, XLK, XLRE, XLE, XLF, XLI, XLB, XLV, XLC,
Neutral sectors:  XLP, XLU,
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 TrendUp
 
80 of 100 NDX stocks closed higher on Thursday.
 
68 NDX stocks are above their 30 DMA:  NFLX, TSLA, MAR, SGEN, DLTR, PAYX, ADP, CSX, ORLY, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, BIDU, JD, SPLK, CHKP, AMD, CRWD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, DOCU, INTU, LULU, ZM, ATVI, CDNS, DXCM, QCOM, SBUX, AEP, EA, ISRG, MDLZ, SNPS, IDXX, AMZN, CSCO, GOOGL, REGN, ASML, SWKS, ADI, AMAT, CDW, HON, ILMN, KDP, KLAC, NXPI, PTON, ROST, SIRI, XEL,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 12
ADI, AMAT, CDW, HON, ILMN, KDP, KLAC, NXPI, PTON, ROST, SIRI, XEL,
 
Moving Below 30 DMA = 2
EBAY, OKTA,
 
 
 
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