Eight of nine sectors moved higher on Thursday. XLB, XLF and XLE were the strongest sectors.
On Thursday the broad indexes move higher and SPX, NDX and COMPQ each made a New Bull Market High
AAPL, AMZN, BIDU, GOOG NFLX, PCLN and QCOM moved higher. AAPL again made a new all-time closing high.
Money Flow
Euro -13 pips 1.3309
TNX +0.60 20.37
TLT -1.37 116.06
XLF +0.16 14.92
SPX +8.41 1,374.09
VIX -1.17 17.26
NDX +0.78%
COMPQ +0.74%
SPX +0.62%
I RUT +0.53%
NDU +0.22%
The VIX did confirm the SPX move on Thursday. The trend of the SPX resumed its up trend after pulling back 13 points intra-day high on Wednesday.
Breadth strengthened as advancers led decliners 2.05 to 1 on the NYSE and 1.29 to 1 on the NASDAQ.
Exchange NYSE NASDAQ
Advancers 2,017 1,431
Decliners 982 1,102
Follow your rules in looking for entry opportunities.
Bull Flag Setups to watch on Friday – ANF, CAT, CSTR, DHR, HAL, KKD, LNKD, MOS, SLB, WDC, JDSU, GMCR, GRMN, MTW, ADSK VRSN, INTU, NVDA, ESI, RCL, ENTR, BAC, MU, AKAM, ZAGG
Breakout Setups to Watch – C, CF, CHL, COH, CREE, CRUS, DLR, FAS, GES, GS, HLF, POT, RVBD, SINA, STI
Leading stocks > +2% on Thursday included VECO, GS, DECK, CSTR, UCO,CROX,ANF, FAS, JDSU, GES, VMW, TPX, TSLA, SWI, ENTR, RVBD, COH, SIAN, C, TIF, F, HLF, CLF, SOHU, LVS, SNDK
Losing stocks < -2.0% included FAZ, JNPR
NDX 100 stocks stronger than the NDX included SPLS, STX, VRTX, FOSL, GMCR, WYNN, DLTR, GILD, NUAN and EA.
Stocks weaker than the NDX include FSLR, RIMM, ATVI, SIRI, ALTR, AVGO, LLTC, APOL, XLNX and ESRX.
Six NDX stocks BIIB, CELG, CTSH, EXPD, SPLS and TEVA closed above the 30 DMA making 74 NDX stocks above their 30 DMA.
Stocks to Watch on Friday
Holding Above 30 DMA = 55
WDC, CMG, FAS, SWK, NKE, CRUS, SMH, SWKS, NGLS, BAC, CF, CHL, STI, A, C, CAT, TPX, KKD, CREE, GS, HLF, LNKD, LVS, SLW, CSTR, VECO, COH, CRM, FFIV, SLB, INFA, NTES, SWI, VMW, IBM, ZAGG, TSLA, LDK, GES, V, ICE, ZION, NDAQ, TIF, RVBD, SWN, UCO, CDE, DHR, MOS, POT, DLR, SNDK, SINA
Moving Above 30 DMA = 5
ANF, CROX, DOW, F, TBT
Moving Below 30 DMA = 1
TLT
Staying Below 30 DMA
ENTR, HAL, JDSU, JNPR, UNP, ARUN, ESI, IL, NVDA, URE, CIEN, GLW, CIEN, GLW, DECK, MCP, TSL, HUM, RCL, UAL, WLT, DE, CLF, FCX, X, GRPN, ANR, PCX, SOHU, AKS, ATI, FAZ
Four Month Intermediate Term Market Trend: Up
Short Term Market Trend: Up
1 comment:
FANTASTIC....Dave, this must be after 2am in the morning. What time do you post this at night? This is incredible dedication. I live in Calif. and always read your blog late at night to prepare for the next day when market opens at 6:30am. This officially qualifies for "Super trader hero of the year" status. No words can thank you enough. You are making a huge difference in all of our present and future lives......
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