DJIA Moves Higher...

Four of nine sectors moved higher on Thursday…XLB, XLI and XLF were the strongest sectors while XLP was the weakest sector.  Oil fell 1.06 cents to close at 31.69.

                         

Breadth strengthened as advancers led decliners 1.76 to 1 on the NYSE and decliners led 1.42 to 1 on the NASDAQ.

Thursday- strengthened, advancers led

Wednesday – strengthened, advancers led on the NYSE

Tuesday – weakened, decliners led

Monday – weakened, decliners led

Friday – strengthened, advancers led

SPY up .30 at 191.30 on 139.5 million shares, 9% below average volume

VIX up .19 at 21.84…

Technical Commentary:

DIA +1.01%, SPY +0.60%, IWM +0.13%, QQQ -0.48%.

The DJIA led the broad indices on Wednesday with large gains in MMM, BA, XOM, CVX, CAT, DD, DIS, AAPL and IBM. 

YTD:

SPX Leaders:  NEM, KORS, SWN, SE, RRC, MAT, COG, M, EXC, EQT (124)

SPX Losers: ESV, URI, MPC, BWA, ADS, LNC, LM, CHK, DLPH, RCL

NDX Leaders:  MAT, VIAB, FB, DISCK, FISV, XLNX, DLTR, KHC, CMCSA, ROST  (15)

NDX Losers: INCY, BMRN, NCLH, VRTX, TSLA, ILMN, TRIP, REGN, ALXN, JD

DJI Leaders:  VZ, WMT, XOM, MCD, MMM. PG, JNJ

DJI Losers: AXP, BA, INTC, CSCO, GS, JPM, DD, PFE, DIS, HD

Remember:  “It’s a market of stocks, not just a stock market.”

Trade with the trend of the chart you are trading and continue to move your profit protection stops.  Continue to follow your rules.

The SPX MFC green line is pointed up at 41. 

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59 of 100 NDX stocks closed higher on Thursday.

25 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 6

AMAT, AVGO, CERN, ISRG, MYL, STX

Moving Below 30 DMA = 5

CHTR, CTSH, DLTR, SBUX, TSCO

6-month Intermediate Term Market Trend: Neutral

3-day Short Term Market Trend: Neutral