Jobs Report Friday morning before the open...
After the Close Review of Thursday’s market action…$INDU, IWM, DIA, SPY, QQQ, $VIX, AMZN, PYPL, MSFT, AGO, NVDA, FB, EBAY, CSCO, BA, INTC, JPM, WMT, and earning’s reactions of AMZN, AAPL, GOOGL, FB, V and great setups …9:25 pm PST
The DJIA closed at 26,186, up 37
points on strength in GS, BA, JNJ, DIS, XOM, V and JPM.
Thursday was the twelfth close above 26,000, and the twentieth close above 25,000.
Four sectors were higher on Thursday, led by energy XLE +1.03% and financial XLF +0.94%.
SPY down .32 at 281.58 on 89.9 million shares, 2% above average volume. Down
on lower volume.
VIX down .07 at 13.47
Oil up 1.21 to 65.98
TLT down 2.02 at 120.70 on
18.6 million shares, 78% above average volume. Down on higher volume.
XOM +2.03% and DIS +1.67%, led
the DJIA, 17 advancers.
QRVO +16.12%, ETN
+4.63%, and
T +4.57%, led the SPX.
EBAY +13.82%, SWKS
+6.11%, IDXX +3.69%,
VRTX +3.67%, and FB +3.32%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
IWM, DIA,
Down:
SPY, QQQ
Breadth was
similar on Thursday, as decliners led 1,623 to 1,320 on the NYSE and advancers led 1,453 to 1,441 on the NASDAQ.
The SPY MFC green
line is in the
upper zone at 84, bullish.
Uptrend
sectors: XLY,
XLK, XLF, XLE, XLP, XLV, XLB, XLI,
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,
29 of 100 NDX stocks closed
higher on Thursday.
65
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
BMRN, KHC, KLAC, PCAR,
TXN,
Moving Below 30 DMA = 9
AAL, ADI, CDNS, FAST,
ILMN, MU, PYPL, TMUS, VOD
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Down
Add Comments here
No comments:
Post a Comment