After the Close Review Thursday’s
action… QQQ, measuring for price
targets, SPY, divergence entry review, sim position reveiew /ES, SPX, SPY SPXL, ADBE, LRCX, MU, MSFT,
FB, QQQ, , MU, setups/entry trigger,
FCX, DLTR, JBHT, WDC, MGM, AMAT, EXPE, NVDA, WYNN, RCL, CCL, MCHP, FB, MU,
ADSK, MSFT, EA,
© 2017
Employment report before the open on Friday...Labor Day holiday on Monday...3 Day Weekend...QQQ hits new all-time closing high on Thursday...XLV, XLRE, XLB shift to up trend...
Ten sectors were higher, led by healthcare XLV +1.70% and materials XLB +0.77%.
Ten sectors were higher, led by healthcare XLV +1.70% and materials XLB +0.77%.
SPY up 1.48 at 247.49 on 98.3 million shares, 53% above average. Up on
higher volume.
VIX down .63 at 10.59.
Oil up 1.12 to 47.09
TLT up .38 at 127.99…on
7.9 million shares, 17% above avg. Up on higher volume.
UNH +1.54%, and PFE +1.41%, led
the DJIA, 20 advancers.
TIF +4.28%, BWA
+3.64% and
CELG +3.42% led the SPX.
MELI +4.75%, BIIB +4.22%, ULTA +3.48%, and EXPE +3.43%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
QQQ, IWM, SPY, DIA
Down:
Breadth strengthened
on Thursday as
advancers led 2,122 to 758 on the
NYSE and led 1,960 to 912 on the
NASDAQ.
The SPY MFC green
line turned up
at 51,
bullish.
Uptrend
sectors: XLK, XLV, XLRE, XLU, XLB,
Neutral
sectors: XLP, XLF, XLY, XLI
Down
trend sectors: XLE
Intermediate-term trending stocks: PYPL, ADBE, NVDA, FB, ATVI, EA, BA, MCD, V,
CCL, RCL, ALGN, ANET, SQ, CC, AABA, TTWO, PGR, TRU, LYV, ALL, TAL, BABA, A,
EDU, SHOP, EXPE,
79 of 100 NDX stocks closed
higher and one was unchanged on Thursday.
70
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 14
AKAM, AVGO, COST, CTAS, CTSH, CTXS, ESRX, FAST,
GOOG, MELI, PCAR, QCOM, SBUX, SWKS,
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: Up
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