After the Close Review of Thursday’s market action…QQQ, DIA, SPY, IWM, VIX, DIS, FOXA, BA,
NKE, KO, PG, IBM, AAPL, AMZN, FB, GOOGL, MSFT, NFLX, TXN, AAL, MAR, STX, XLY,
XLRE and more breakout setups…technical
analysis insights…10:12 pm PST
Two sectors were higher on Thursday, led by discretionary XLY +0.31% and
real estate XLRE
+0.09%.
SPY down 1.09 at 265.66 on 100.1 million shares, 40% above average volume.
Down on similar volume.
VIX up .31 at 10.49
Oil up .50 to 57.17
TLT up .54 at 127.87…on
6.9 million shares, 9% above average volume. Up on lower volume.
DIS +2.75%, and BA +0.70%, led
the DJIA, 6 advancers.
MAT +4.17%, TIF
+3.37%, and
DAL +3.02%, led the SPX.
FOXA +6.50%, LBTYA
+1.99%, TXN +1.41%,
CMCSA +1.40%, and DISCA +1.26%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
Down:
QQQ, DIA, SPY, IWM
Breadth weakened on Thursday, as decliners led 1,914 to 1,016 on the NYSE and led 2,067 to
856 on
the NASDAQ.
The SPY MFC green
line is pointed
up in the upper zone at 91, bullish.
Uptrend
sectors: XLY,
XLI, XLF, XLB, XLV, XLP, XLE, XLRE,
Neutral
sectors: XLK, 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… CBOE, VRSN, WYNN, BA, MCD, CAT, TRU,
LYV, FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL, ALGN, V, MU, FB, A, ISRG, TTWO,
AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, TAL,
38 of 100 NDX stocks closed
higher on Thursday.
59 NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
PCLN,
Moving Below 30 DMA = 6
ILMN, KHC, LVNTA, QCOM,
REGN, XRAY
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
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