DJIA -97, Closes at 26,017...Lower on Weakness in BA, GS, MMM...

After the Close Review of Thursday’s market action…INDU, BA, GS, MMM, QQQ, SPY, DIA, IWM, CBOE, NVDA, BAC, CSX, SQ, SCHW, ADSK, ROST, MYL, AMZN, DLTR, IBKR, XLE, XOP, JD, $VIX,  and more setups and earnings to report this week…10:30 pm PST

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The DJIA closed at 26,017, down 97 points on weakness in BA, GS and MMM.  Fourteen Dow stocks were higher.  Thursday was just its second close above 26,000, and its tenth close above 25,000.

Record highs: CSCO, DWDP, JPM, TRV, UNH, V, WMT, AAPL, ADI, ASML, CTSH, ISRG, KLAC, MCHP, MELI, PYPL, SNPS, VRSK

Two sectors were higher on Thursday, led by technology XLK +0.18% and healthcare XLV +0.02%.  ASML +2.10% continued to lift semiconductor stocks as ADI, AVGO, MCHP and KLAC continued to rally.

SPY down .47 at 279.14 on 100.6 million shares, 22% above average volume.  Down on lower volume.

VIX up .31 at 12.22

Oil down .42 to 63.67

TLT down 1.16 at 123.71…on 10.8 million shares, 18% above average volume.  Down on higher volume.

UNH +1.98% and WMT +1.56%, led the DJIA, 14 advancers.

AES +7.56%, VIAB +6.23%, and WYN +4.78%, led the SPX.

ASML +2.10%, FAST +2.09%, CHTR +2.07%, EBAY +1.97%, and EA +1.89%, led the NDX.

Intermediate and long term up trend intact.  3-day short term trend is up.

Up: QQQ,

Down: SPY, DIA, IWM

Breadth weakened on Thursday, as advancers led 2,128 to 809 on the NYSE and led 1,813 to 1,064 on the NASDAQ.

The SPY MFC green line is in the upper zone at 95, bullish.

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

Neutral sectors: XLRE,

Down trend sectors: XLU,

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… BA, CAT, MAR, V, CBOE, IBKR, TRU, WYN, MCD, WYNN, ADBE, PYPL, ANET, RNG, NVDA, ISRG, VRSN, CDNS, AA, WUBA, TAL, EDU, FCAU, LRCX, CC, WB, MU, LYV, FB, A, TTWO, AABA, BABA, CCL, RCL, SHOP, ATVI, SQ, RACE, ALGN,  

50 of 100 NDX stocks closed higher on Thursday.

83 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 1                            

SIRI, 

Moving Below 30 DMA = 2

CERN, TMUS,

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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