After the Close Review of Wednesday’s selloff and
bounce back action…QQQ, DIA, IWM, SPY, VIX,
TLT…earnings stocks negative reactions and positive reactions as money
rotates from losing earning stocks to winning earning stocks…11:00 pm PT
DIA With Wednesday’s pull back DIA, SPY, QQQ and IWM each
forming a bull flag price pattern. IWM and QQQ formed a hammer candle today and SPY formed a near hammer candle.
Leading
stocks FLIR, ANTM, AVY, AKAM, ESRX, NOC,
TSS, WBA, TMO, EQR and V were
all higher on positive EPS reactions on Wedndesday.
All ten sectors were lower on Wednesday, led by healthcare XLV -0.14% and staples XLI -0.28%.
SPY down 1.27 at 255.29 on 103.2 million shares, 70%
above average volume. Down on higher volume.
VIX up .07 at 11.23
Oil down .36 to 52.17
TLT down .59 at 122.84…on 10.0 million shares, 36% above
average. Down on higher
volume.
NKE +2.85%, and V +1.00%, led
the DJIA, 7 advancers.
FLIR +5.97%, ANTM
+5.36% and
AVY +5.20% led the SPX.
AKAM +4.03%, ESRX
+3.93%, WBA +3.08%,
HAS +1.55%, and CHTR +1.37%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
QQQ, DIA, IWM, SPY,
Breadth weakened on Wednesday as
decliners led 2,185 to 746 on the
NYSE and led 1,928 to 941on the NASDAQ.
The SPY MFC green
line is in
upper zone at 90 bullish.
Uptrend
sectors: XLI,
XLF, XLB, XLK, XLV, XLE, XLY, XLRE, XLU,
Neutral
sectors: XLP,
Down
trend sectors:
Intermediate-term trending stocks: LRCX, ADBE, PYPL, ALGN, NVDA, BA, SQ, MCD,
MU, CC, TRU, FB, A, ISRG AA, CBOE, TAL, TTWO, LYV, AABA, BABA, FCAU, EDU, ANET,
V, WYNN, RACE, WUBA, CCL, RCL, SHOP, ATVI, EA, WB,
22 of 100 NDX stocks closed
higher and one was unchanged on Wednesday.
54 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 3
ESRX, INCY, MAT,
Moving Below 30 DMA = 7
CSX, FB, ILMN, SIRI, TMUS, WYNN, XLNX
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
1 comment:
Thank you
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