DJIA back above 25,000 Today...QQQ, SPY, IWM Breakout and Close Above Last Wednesday's High...CSCO, AMAT Gain after EPS...

After the Close Review of Thursday’s market action…$INDU, QQQ, AAPL, AMZN, FB, GOOGL, MSFT, DIA, BA, AAPL, GS, IBM, JPM, CSCO, AMAT, NTAP, MAR, V, NKE, AXP, CAT, EA, EBAY, NFLX, ADBE, ADSK setups…8:50 pm PST

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The DJIA rose 306 points to 25,200, closing above 25,000 for the first time since February 2, was led by strength in BA, AAPL, GS, MMM, UTX, CSCO, CAT, MSFT, PG, V, and JNJ.  The DJIA closed above 25,000 for the twenty-second time this year.

CSCO +4.73%, AMAT +3.91%, gain after EPS while NTAP -4.90%, MAR -2.72% fall.

Nine sectors were higher on Thursday, led by utilities XLU +2.22%, and technology XLK +1.91%.

SPY up 3.44 at 273.03 on 111.2 million shares, 14% below average volume.  Up on slightly lower volume.

VIX down .13 at 19.13

Oil up .54 to 61.28

TLT up .40 at 118.07 on 8.2 million shares, 35% below average volume.  Up on lower volume.

CSCO +4.73%, and BA +3.37%, led the DJIA, 27 advancers.

EQT +9.96%, CTL +8.82%, and HII +5.80%, led the SPX.

NFLX +5.36%, BIDU +5.22%, AMAT +3.91%, TSLA +3.65% and CERN +3.50% led the NDX.

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

Up: QQQ, DIA, SPPY, IWM,

Down:

Breadth was steady on Thursday, as advancers led 2,041 to 894 on the NYSE and led 1,986 to 903 on the NASDAQ.

The SPY MFC green line turned at 42, bullish. 

Uptrend sectors:  XLY,

Neutral sectors: XLF, XLV, XLI, XLK, XLE, XLB,

Down trend sectors: XLP, XLRE, 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… CBOE, IBKR, ADBE, ANET, TAL, EA, EBAY, TTWO, SHOP, LYV, SQ, RACE, ALGN,  ATVI, FB, FCAU, WB, RNG, AABA, BABA, CCL, RCL, BA, CAT, MAR, V, TRU, WYN, WYNN, PYPL, NVDA, ISRG, VRSN, AA, WUBA, EDU, CC, MU, A,

88 of 100 NDX stocks closed higher on Thursday.

49 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 19                          

AAPL, ADSK, AMAT, AMGN, ASML, BIDU, CHKP, CHTR, COST, CTXS, FOXA, ISRG, KLAC, MDLZ, MNST, SYMC, VRSK, VRTX, WDC

Moving Below 30 DMA = 1

QCOM,

The intermediate and long-term trends are still up.  The two-month trend is sideways.  The seven-day trend is sideways.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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