After the Close Review of Thursday’s action… DIA, SPY, IWM, QQQ, CELG, CHTR, AAPL,
AMZN, FB, GOOGL, MSFT, CMCSA, INTC, NVDA, SBUX, ORLY, earnings stocks positive
reactions and negative reactions as money rotates from losing earning stocks to
winning earning stocks again today…9:37 pm PT
After-hours earning reactions AMZN, GOOGL, ALGN, MSFT, INTC are up and BIDU, EXPE, CERN, GILD, MAT, WDC, WYNN, KLAC are down.
DIA, SPY, QQQ and IWM are still forming a bull flag price
pattern. .
Leading
stocks TWTR, FTI, UNP, ORLY, WM, APD, PX,
FFIV, Q, NSC and BWA were all
higher on positive EPS reactions on Thursday.
Eight sectors were higher on Thursday, led by materials XLB +1.33% and
financials XLF
+0.56%.
SPY up .33 at 255.62 on 69.5 million shares, 16% above average volume. Up on lower
volume.
VIX up .07 at 11.30
Oil up .65 to 52.82
TLT down .41 at 122.43…on 8.2 million shares, 10% above
average. Down on lower
volume.
NKE +3.40%, and DWDP +2.76%, led
the DJIA, 24 advancers.
AET +11.54%, FL
+5.69% and
FTI +5.64% led the SPX.
ORLY +5.56%, MELI
+3.38%, PCAR +2.63%,
JBHT +2.49%, and WDC +2.39%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
DIA, IWM, SPY,
Down:
QQQ,
Breadth strengthened
on Thursday as decliners led 1,508 to
1,395 on
the NYSE and led 1,463 to 1,381 on the
NASDAQ.
The SPY MFC green
line is in
upper zone at 86 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, CAT,
MU, CC, TRU, FB, A, ISRG, AA, CBOE, TAL, TTWO, LYV, AABA, BABA, FCAU, EDU,
ANET, V, WYNN, RACE, WUBA, CCL, RCL, SHOP, ATVI, WB
55 of 100 NDX stocks closed
higher and one was unchanged on Thursday.
53
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
HOLX, ILMN, ORLY, SBUX, WYNN
Moving Below 30 DMA = 6
AAL, AVGO, CA, CERN, ESRX, MAT,
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:
Dave
Thanks for the video.
It would be great if you put in some sim trades again
Post a Comment