After the Close Review of Thursday’s market action…QQQ, SPY, DIA, IWM, XLF…Can you find the 20 bull
flag setups in tonight’s post? 9:01
pm PST
Five sectors were higher on Thursday, led by energy XLE +2.12% and
financial XLF
+0.86%.
SPY up .55 at 267.58 on 67.0 million shares, 17% below average volume. Up
on lower volume.
VIX down .10 at 9.62
Oil up .20 to 58.23
TLT up .46 at 124.60…on
7.0 million shares, 11% below average volume. Up on lower volume.
CVX +3.25%, and GS +2.28%, led
the DJIA, 15 advancers.
FOSL +9.46%, EVHC
+5.82%, and
HES +5.34%, led the SPX.
CHTR +5.23%, LBTYA
+4.34%, CMCSA +3.63%,
LVNTA +3.49%, and BIDU +2.62%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is neutral.
Up:
IWM, DIA, SPY, QQQ
Down:
Breadth strengthened
on Thursday, as advancers led 1,768
to 1,136 on the NYSE and led 1,728 to
1,165 on
the NASDAQ.
The SPY MFC green
line is in the
upper zone at 92, bullish.
Uptrend
sectors: XLY,
XLI, XLK, XLF, XLB, XLV, XLP, XLE,
Neutral
sectors: XLRE, XLU
Down
trend sectors:
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past week and it is appropriate to wait for the uptrend
to resume before considering entry… CAT, CBOE, VRSN, WYNN, BA, MCD, IBKR, AA,
V, TRU, LYV, FCAU, CCL, RCL, SQ, CC, EDU, ADBE, PYPL, ALGN, MU, FB, A, ISRG,
TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,
44 of 100 NDX stocks closed
higher on Thursday.
63
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
BIDU, CHTR, LVNTA, REGN,
SYMC,
Moving Below 30 DMA = 5
CERN, CHKP, GILD, ILMN,
MU,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Neutral
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