After the Close Review of Thursday’s market action…including
record high in DIA, SPY, IWM and many
individual sectors and stocks…coverage of YTD moves in XLK, XLV, XLB, XLI, XLY,
XLF, JPM, BAC, MS, C, BA, CAT, AAPL, V, UNH, ALGN, MU, PYPL and more great technical analysis insights…9:33 pm PST
Ten sectors were higher on Thursday, led by industrials XLI +1.71% and
energy XLE +1.50%.
SPY up 2.30 at 265.01 on 125.8 million shares, 87% above average volume. Up
on higher volume.
VIX up .58 at 11.28
Oil up .03 to 57.42
TLT down .42 to at 125.12…on
9.6 million shares, 35% above average volume. Down on lower volume.
BA +2.79%, and UTX +2.78%, led
the DJIA, 25 advancers.
LB +6.74%, KR
+6.07%, and
HCA +6.06%, led the SPX.
COST +3.98%, ESRX
+3.69%, PYPL +3.39%,
INCY +3.16%, and BMRN +3.04%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up:
DIA, SPY, QQQ, IWM,
Down:
Breadth strengthened
on Thursday as advancers led 1,728 to 1,217 on the NYSE and led 1,500 to 1,412 on the NASDAQ.
The SPY MFC green
line in the
upper zone at 94 bullish.
Uptrend
sectors: XLY, XLI,
XLF, XLB, XLV, XLK, XLP, XLU, XLE, XLRE,
Neutral
sectors:
Down
trend sectors:
Intermediate-term trending stocks: ADBE, PYPL, ALGN, BA, V, MCD, CAT, MU, TRU,
FB, A, ISRG, CBOE, LYV, TTWO, AABA, BABA, CDNS, ANET, WYNN, RNG, WUBA, SHOP,
ATVI, WB, LRCX, NVDA, SQ, CC, FCAU, RACE, TAL, CCL, RCL, EDU, AA,
70 of 100 NDX stocks closed
higher on Thursday.
61
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 8
ADBE, AMGN, BMRN, GILD,
INTC, PCAR, PYPL, TXN,
Moving Below 30 DMA = 1
NCLH,
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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