After the Close Review of Thursday’s
action…IWM, SPX, SPY, QQQ, VIX, AAPL, GILD,
CMCSA, AMZN, FB, AMAT, GPRO, CSX, MU, MAR, LRCX, C, BAC, FAS, TAL, TTWO, FCAU,
WB, PYPL, NVDA, AAL, FAST, TSCO, DLTR…
Seven sectors were higher and one was unchanged on Thursday,
led by real estate XLRE+0.72% and materials
XLB +0.71%.
SPY up .30 at 250.35 on 44.6 million shares, 33% below average. Up on lower
volume.
VIX down .32 at 9.55
Oil down .44 to 51.59
TLT down .37 at 124.48…on 8.8 million shares, 9% above average. Down on lower
volume.
MCD +2.23%, and XOM +0.93%, led
the DJIA, 18 advancers.
FOSL +5.43%, ULTA
+3.96% and
BBY +3.72% led the SPX.
AMAT +3.64%, INCY
+2.57%, MU +2.35%,
NCLH +1.55%, and MAR +1.51%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
IWM, SPY, DIA,
Down:
QQQ,
Breadth weakened on Thursday as advancers led 1,723
to 1,169 on the NYSE and led 1,585 to 1,232 on the
NASDAQ.
The SPY MFC green
line is in
upper zone at 92, bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE,
Neutral sectors:
XLY, XLP, XLRE, XLU,
Down
trend sectors:
Intermediate-term trending stocks: MU, LRCX, CBOE, TAL, TTWO, LYV, FCAU, AA, EDU,
PYPL, ANET, V, ALGN, BA, WYNN, A, ISRG, SQ, CC, SHOP, TRU, MCD, WB, NVDA, AABA,
BABA, ATVI, FB, EA, RACE, WUBA, ADBE, CCL, RCL,
43 of 100 NDX stocks closed
higher and one was unchanged on Thursday.
56
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 7
EXPE, FOXA, IDXX, LBTYA, MELI, MYL, WDC,
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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