Thursday, June 8, 2017

NDX, All-time New High Close… BABA, NVDA, TSLA, SQ, EXPE, SHOP, LRCX New High Close…


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 sectorsXLY, 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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