War of Words Increases Geopolitical Fears, Markets Selloff into Close...NVDA, SNAP Gap Down in After Hours...

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After the close Part 1 Review of Thursday’s action…DIA, SPY, IWM, QQQ posted 1:29 am ET

© 2017

After the close Part 2 Review of Thursday’s action…VIX, TLT, /CL, /GC, GLD, GDX, NDX, AAPL, AMZN, FB, MSFT, GOOG, GOOGL, NVDA, CELG, AVGO, break of support setup ADBE, positive NDX MAR, MNST, MYL, CMCSA, eps NTES, SNAP, bull flags ATVI, EA, BA, V, CCL, RCL, NCLH, AABA, TTWO, BABA, PGR, ALL, TRV, TAL posted 1:46 am ET

© 2017

Stocks sold off after rising geopolitical concerns increased after comments from a North Korean army commander being quoted that “only absolute force can work on him,” referring to President Trump.

DIA closes lower on bearish candle in potential bull flag pattern.

QQQ, SPY break short-term support with large bearish candle.

IWM made a lower low and is a channel support bounce setup.

One sector was higher led by utilities XLU +0.32% and staples XLP -0.42%.

SPY down 3.49 at 243.76 on 120.4 million shares, 114% above avg.  Down on higher volume.

VIX up 4.93 at 16.04.

Oil down 1.19 to 48.51

TLT up 1.07 at 126.37…on 10.3 million shares, 40% above avg.  Up on rising volume. 

MCD +1.25% and KO +0.33% led the DJIA, 3 advancers.

PRGO +15.46% eps, DRI +1.54% and FE +1.36% led the SPX.

MNST +0.94%, CHTR +0.65%, and CMCSA +0.25% led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is down.

Up:

Down: DIA, SPY, IWM, QQQ,

Breadth weakened on Tuesday as decliners led 2,591 to 394 on the NYSE and led 2,292 to 593 on the NASDAQ.

The SPY MFC green line is at 79, defensive.

Uptrend sectors:  XLF,

Neutral sectors: XLRE, XLU, XLK, XLP, XLE, XLY, XLV, XLB, XLI

Down trend sectors:

Intermediate-term trending stocks:  EXPE, PYPL, ADBE, NVDA, FB, JD, ATVI, EA, MAR, BA, MCD, V, CCL, RCL, SQ, MOMO, CC, BZUN, AABA, SHOP, TTWO, BABA, EDU, PGR, TRU, LYV, ALL, TAL,

3 of 100 NDX stocks closed higher on Thursday.

34 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 0

Moving Below 30 DMA = 18

ADBE, ADSK, ATVI, AVGO, BIIB, CELG, CSCO, CTRP, EBAY, FAST, ISRG, LRCX, MSFT, NFLX, NTES, ROST, SWKS, TSCO,

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

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