Stocks Rally Before the Close on Another Light Holiday Volume...axp, CAT, UTX, V, WMT, MAR, AA Make New Highs...

After the Close Review of Thursday’s market action…SPY, IWM, DIA, QQQ, IWM, XLK, XLF, AAPL, AMZN, FB, GOOGL, MSFT, AXP, BA, INTC, NKE, BAC, JPM, NVDA, TXN, WYNN, X…bull flag time continues…11:44 pm PST

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Nine sectors were higher on Thursday, led by real estate XLRE +0.58% and utilities XLU +0.55%.

SPY up .55 at 267.87 on 45.1 million shares, 43% below average volume.  Up on lower volume.

VIX down .29 at 10.18

Oil up .30 to 59.89

TLT down .11 at 126.66…on 5.3 million shares, 31% below average volume.  Down on lower volume.

UNH +1.07%, and TRV +0.66%, led the DJIA, 23 advancers.

SWN +5.49%, AA +4.44%, and CHK +4.12%, led the SPX.

NFLX +3.47%, LVNTA +1.72%, TTWO +1.66%, CHTR +1.43%, and IDXX +1.34%, 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 1,906 to 991 on the NYSE and led 1,637 to 1,247 on the NASDAQ.

The SPY MFC green line is in the upper zone at 92, bullish.

Uptrend sectors:  XLB, XLE, XLY, XLI, XLF, XLP, XLK, XLV,

Neutral sectors: XLU, XLRE,

Down trend sectors:

Intermediate-term trending stocks:  Many of these stocks have had significant pull backs over the past month and it is appropriate to wait for the uptrend to resume before considering entry… CAT, MAR, V, BA, WYNN, IBKR, TRU, CBOE, VRSN, WYN, MCD, AA, TAL, FCAU, CCL, RCL, CC, EDU, ADBE, PYPL, MU, LYV, FB, A, ISRG, TTWO, AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, NVDA, SQ, RACE, ALGN,  WB, LRCX,

66 of 100 NDX stocks closed higher on Thursday.

60 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 4                            

MCHP, MXIM, NFLX, XRAY 

Moving Below 30 DMA = 1

BIDU,  

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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