Three days up. Were you ready? Did you act? If not, why not? Where you suckered into inaction because of the news? If so, are you going to do anything about it? If you are, what are you going to do about it? Feel free to Comment about it.
All nine sectors moved higher on Thursday. XLF +3.11%, XLB +2.53% and XLY +2.33%, were the strongest sectors.
The broad indices all moved higher with the RUT +2.38%, COMPQ +1.88%, SPX +1.83%, INDU +1.68% and NDX +1.61%. The SPX moved up +20.94 and closed at 1,164.97. The VIX moved down -1.54 and closed at 36.27.
(click image to enlarge)
Breadth strengthened as advancers led decliners 5.62 to 1 on the NYSE and 3.24 to 1 on the NASDAQ.
Exchange NYSE NASDAQ
Advancers 2,592 1,934
Decliners 461 596
Leading stocks > +2% on Thursday MCP, ZAGG, LDK, FAS, BAC, ATI, ZION, TSL, RVBD, GLW, UCO, NTES, CF, COH, SOHU, STI, HAL, TIF, CROX, SLW, TPX, URE, C, CIEN, HLF, FWLT, PCX, LVS, A, GES, VMW, CRUS, ENTR, F, CRM, NVDA, POT, CDE, GS, FFIV, TBT, CAT, SLB, CSTR, DECK, UNP, RCL, DOW, ESI, ARUN, AKS, INFA, CREE, SINA, WLT, DLR, JDSU, SWK, X, IBM, UAL, CLF, V, ANF, GMCR, NDAQ, LNKD, DHR, MOS, IL, SNDK
Losing stocks < -2.0% included FAZ, ANR
NDX 100 stocks stronger than the NDX included ESRX, WYNN, WCRX, BIDU, ERTS, FSLR, STX, CTRP, PCLN and EXPE.
Stocks weaker than the NDX include YHOO, CERN, COST, CELG, VRTX, GRMN, CTXS, HSIC, AAPL and ILMN.
Eighteen NDX stocks including ADBE, ADSK, DTV, EBAY, ERTS, MXIM, NVDA, ORLY, SBUX, VRSN and WFM moved above their 30 DMA making 59 NDX stocks now above the 30 DMA.
Stocks to Watch on Friday
Holding Above 30 DMA = 9
TLT, IBM, ARUN, DECK, FFIV, ICE, INFA, SNDK, CRUS, CSTR, F, NDAQ, NKE
Moving Above 30 DMA = 11
ANF, COH, DLR, ENTR, GLW, NVDA, STI, SWK, UAL, UNP, VMW
Moving Below 30 DMA = 1
FAZ
Staying Below 30 DMA
CMG, HLF, HUM, SMH, STI, V, GMCR, TIF, CHL, CRM, CROX, DHR, IL, SWKS, TPX, JDSU, LVS, NGLS, SLW, SWN, A, CIEN, CREE, DE, RCL, URE, ATI, CF, DOW, GES, KKD, LNKD, MOS, RVBD, SINA, WDC, CDE, CLF, FAS, MCP, POT, UCO, WLT, ZION, AKS, CAT, FWLT, PCX, JNPR, NTES, SOHU, ZAGG, TSL, BAC, VECO, LDK, HAL, ESI, FCX, GS, SLB, ANR, C, TBT, X
Nine Week Intermediate Term Market Trend: Neutral
Short Term Market Trend: Up
6 comments:
I was ready and acted. Thanks Dave.
Dave,
Reflecting upon your comments in the trading room last night, I am thinking ahead to the price behavior at the top of the channel. This is where I would typically want to consider an upcoming pullback a bull flag, but that 'assumes' we will break out of the channel. I am focused on how to react if it trades back down into the channel. Master chess player.......
Thanks to your forecasts and analysis I was ready, acted added to and new positions and will continue today.
Thanks very much. I follow you daily.
Gary A.
I followed my rules and closed a couple bullish trades when we broke the spy 110 support area.
When we reversed though I did not sit on the sideline and have overall profited very nicely this week.
Thank you for your efforts.
I do not have investools, but i follow you here on the blog. I very much appreciate your dedication on this forum and your intra day postings this week were a tremendous educational tool.
Thanks Dave!
Yes, I did a vertical credit spread on SPY at end of day on Tues 10/4 and took longs on Wed 10/5 on SPY.
More than anything I have learned to trade successfully BECAUSE of your instance over the years to take the trade when the signal appears.
THANK AGAIN
I was ready and acted according to my rules...entries and exits with profit management rules.
Thanks Dave,
Deborah
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