DJIA Ends Seven-day New Closing High Streak...

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After the Close Review of Thursday’s action…

© 2017

Three sectors were higher on Thursday, led by industrials XLI +0.30% and financials XLF +0.24%.

SPY down .67 at 249.39 on 48.2 million shares, 31% below average.  Down on lower volume.

VIX down .11 at 9.67

Oil up .01 to 50.74

TLT down .07 at 125.84…on 6.1 million shares, 22% below average.  Down slightly on lower volume. 

GE +1.77%, and GS +0.65%, led the DJIA, 10 advancers.

APC +8.21%, SLG +3.49% and BBY +2.59% led the SPX.
AAL +1.92%, NFLX +1.76%, SHPG +1.28%, and STX +1.05%, led the NDX.

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

Up:

Down: IWM, DIA, SPY, QQQ,

Breadth weakened on Wednesday as decliners led 1,648 to 1,215 on the NYSE and led 1,549 to 1,225 on the NASDAQ.

The SPY MFC green line is in upper zone at 96, bullish.

Uptrend sectors:  XLK, XLV, XLRE, XLU, XLB, XLI, XLF

Neutral sectors: XLE, XLP, XLY,

Down trend sectors:

Intermediate-term trending stocks:  ALGN, CBOE, ISRG, A, SHOP, TAL, TTWO, ADBE, LYV, FCAU, V, MCD, WYNN, WB, EDU, PYPL, MU, ATVI, FB, EA, SQ, CC, TRU, ANET, CCL, RCL, WUBA, NVDA, BA, AABA, BABA, AA, LRCX, RACE,

24 of 100 NDX stocks closed higher and one was unchanged on Thursday.

64 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1

AAL,  

Moving Below 30 DMA = 7

AMZN, EA, ESRX, ILMN, MYL, TMUS, VOD,

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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