.
Dave on TastyTrade at 9 am CT Friday Morning...
Eight of nine sectors moved higher on Thursday. XLF, XLE and XLK were the strongest sectors.
Money Flow
Euro 0 pips 1.3046
TNX -0.16 19.51
TLT +0.50 119.60
XLF +0.26 13.05
SPX +10.28 1,254.00
VIX -0.27 21.16
SPX +0.83%
COMPQ +0.83%
NDX +0.79%
RUT +0.68%
INDU +0.51%
XLF and SPX did not follow TNX lower on Thursday’s Money Flow. The SPX closed near its high for the third straight day.
(click image to enlarge)
SPY moved up $1.10 cents on 119.1 million shares on Thursday.
AAPL, AMZN, BIDU, GOOG, PCLN and QCOM moved higher.
Breadth strengthened as advancers led decliners 3.09 to 1 on the NYSE and 1.96 to 1 on the NASDAQ.
Exchange NYSE NASDAQ
Advancers 2,284 1,677
Decliners 738 852
The VIX continued lower on Thursday to its lowest level since July 26. This continues to be a significant indication of a new major uptrend if the VIX remains under 25. During the past two years there have been three times the VIX has fallen below 25 and stayed below, Feb 2010, September 2010 and March 2011. In each of these three times the SPX has risen 5 to 15% during the next 60 days.
The 1,363 SPX chart target may not be achieved within the original estimated 10 week time frame from mid-October, however the continued falling VIX is suggesting it likely is coming..
__________________
Many of the Divergence Setups did give an entry signal on Thursday. Check for second chance entry opportunities: ANR, PCX, ARUN, BAC, COH, CREE, CRM, ESI, INFA, KKD, SWN, TIF, VECO, VMW, WLT, ZION
___________________
Leading stocks > +2% on Thursday LDK, PCX, JNPR, CIEN, JDSU, POT, C, TSL, ATI, ENTR, VMW, SWKS, FAS, CREE, TPX, ANR, SOHU, BAC, ESI, NVDA, RVBD, STI, GLW, IL, X, ZION, MOS, CF, SNDK, RCL, ARUN, SINA, DOW, ZAGG, CLF, GS, F, URE, SMH, CRUS, FFIV, LNKD, LNG, SWN
Losing stocks < -2.0% included DECK, FAZ, GRPN
NDX 100 stocks stronger than the NDX included AKAM, MU, FSLR, WCRX, ALTR, CTRP, CTXS, EXPE, NVDA and NFLX.
Stocks weaker than the NDX include BBBY, DLTR, PNRA, HANS, SIAL, FOSL, GOLD, TEVA, ORLY
Eleven NDX stocks AKAM, ALTR, CERN, ESRX, LLTC, MRVL, MU, NFLX, SNDK, WCRX and XLNX closed above their 30 DMA and two BBBY and BIIB closed below making 56 NDX stocks above their 30 DMA.
Stocks to Watch on Friday
Holding Above 30 DMA = 22
V, WDC, LDK, UAL, DLR, TLT, CSTR, IL, URE, GES, GRPN, CMG, DE, DOW, ENTR, FAS, HUM, SWK, UNP, F, NKE, UCO
Moving Above 30 DMA = 16
AKS, ANF, ATI, C, CIEN, CRUS, FCX, MOS, POT, SMH, SNDK, STI, SWKS, TSL, X, ZION
Moving Below 30 DMA = 3
DHR, NGLS
Staying Below 30 DMA
FFIV, IBM, NTES, FAZ, CAT, CDE, CLF, GS, ICE, NDAQ, NVDA, SLB, TBT, ANR, RCL, TSLA, A, COH, INFA, CHL, CRM, DECK, HAL, HLF, JNPR, RVBD, VECO, KKD, LVS, SLW, GLW, TIF, JDSU, VMW, ARUN, CF, CREE, SWN, WLT, PCX, TPX, SOHU, MCP, BAC, SINA, ZAGG, LNKD, ESI, CROX
Eleven Week Intermediate Term Market Trend: Up
Short Term Market Trend: Up
NDX symbol changes ERTS to EA.
Deleted from the NDX: FLIR, ILMN, NIHD, QGEN, URBN
Added to NDX: AVGO, FOSL, GOLD, HANS, NUAN
No comments:
Post a Comment