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The SPX +9.70 opened flat, traded in a narrow range and closed
higher. Comments from FOMC members Mary
Daly, James Bullard, Ester George and Neel Kashkari throughout the day gave macro
clue hunters plenty of sound bites on which to chew.
DXY, TLT and /CL closed higher, while GLD and TNX moved lower.
EPS reactions on Thursday: CSCO +5.81%, EL +1.84%. After the close, AMAT +1.74% rose on a positive EPS reaction.
SPY up 1.24 at 427.89, on 49.0 million shares, below average volume, up on lower volume.
VIX down .34 at 19.56
QQQ up .79 at 329.28
CSCO, CVX, INTC, DOW led the DJIA, 16 advancers, +8
APA, ON, KEYS, DVN led the SPX, 310 advancers
AVGO, MRVL, NVDA, AMD led the NDX 57 advancers
The two-year trend term is up. The
one-year trend down.
Up: IWM, SPY, QQQ, DIA
Down:
Seven of eleven sectors were higher on Thursday, led by XLE, XLK and
XLI.
Energy leaders: APA, DVN, HAL, MRO
Technology leaders: ON, KEYS, CSCO, JNPR
Industrials leaders: GNRC, CHRW, JBHT, EMR
Advancers strengthened on Thursday
as advancers led 1,816 to 1,309 on the NYSE and led 2,454 to 2,078 on the NASDAQ.
The SPY
MFC green line is pointed down in the upper zone at 96.1 and is short-term
bullish. SPY opened flat and
closed higher in a 2-day bull flag pattern.
Uptrend sectors: XLK, XLY,
XLU, XLRE, XLI,
Neutral sectors: XLV, XLC, XLF, XLP,
Down trend sectors: XLE, XLB,
The 6-month intermediate
trend is down. The ten-day trend is up.
3-month Intermediate Term Market
Trend: Up
3-day Short Term Market Trend: Sideways
57 of 100 NDX stocks
closed higher on Thursday
83 NDX stocks are above their 30 DMA: COST,
DXCM, ORLY, KDP, PEP, VRSK, VRSN, AAPL, CDNS, CPRT, CTAS, QCOM, TSLA, ADI,
ROST, SWKS, TXN, ALGN, AMZN, ATVI, FISV, ISRG, MCHP, MU, NFLX, NXPI, ODFL,
SNPS, KLAC, SPLK, ABNB, ADBE, ADP, ADSK, AMAT, AMD, ANSS, ASML, AVGO,
CSCO, CSX, EBAY, INTU, LRCX, MAR, MDLZ, MELI, MRVL, NVDA, PAYX, PCAR, PYPL, EA,
ILMN, HON, AEP, EXC, XEL, TMUS, BKNG, CRWD, DOCU, GOOGL, LULU,
MSFT, OKTA, TEAM, WDAY, FAST, CTSH, DDOG, ZS, BIIB, META, REGN, VRTX,
AMGN, GILD, KHC, MU, PANW, AZN, DLTR,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 3
NTES, SIRI, WBA,
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