BABA, NVDA, TSLA, SQ, EXPE, SHOP, LRCX each made new closing
highs on Thursday.
QQQ, DIA, SPY, closed higher on Thursday
still forming a bull flag.
Four sectors were positive, led by financials XLF and industrials XLI.
SPY up 0.12 at 243.78 on 65.2 million shares, 2% below average.
VIX down -.23 to 10.16.
Oil drops -0.07 to 45.71
TLT down -.33 at 124.59…on
8.7 million shares, 19% above average.
CAT +1.45% and GS +1.38% lead
the DJIA.
JWN +10.25%, GCI
+4.40% and AMD +4.20% led the SPX.
YHOO +10.21%, NVDA
+7.26%, TSLA +2.88%
and
ALXN +2.78% led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
IWM, QQQ, DIA, SPY
Down:
Uptrend
sectors: XLY, XLP,
XLV, XLI, XLU, XLK, XLRE, XLB
Breadth strengthened
as advancers led 1,668
to 1,220 on the NYSE and led 1,890 to 899 on the
NASDAQ.
The SPY MFC green
line is flat in
upper zone at 94, bullish.
Look for
a potential bounce in: SPY, DIA, XLY, MCD,
V, MNST, WMT, AMZN, ADSK, BBRY, CSX, WYN, MAR, CC, TLT, HD, HUN
One Day
Pullback: ADBE, EA, BIDU, WB,
Bounces included:
RCL, FB, PYPL, WDC, CC, DDD,
Break of
short-term support:
Potential
Breakouts include: JD, FB, QQQ, AAPL, EBAY, MOMO, KWEB, BBRY,
Breakouts:
BABA, YHOO, NVDA, XLNX, AMD,
New Highs BABA, NVDA, TSLA, SQ, EXPE, SHOP, LRCX,
RACE, SWKS, EBAY, PYPL, ANET MCHP, AMAT, GOOGL, AVGO, KLAC, NFLX, QQQ, ATVI
50 of 100 NDX stocks closed
higher and one was unchanged on Thursday.
73
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
STX,
Moving Below 30 DMA = 0
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
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