After the Close Review of Thursday’s market action…QQQ, SPY, DIA, IWM, BA, NFLX, TXN, NTAP,
AMAT, INTC, ATVI, WYNN, LVS, MGM, EA more great setups …10:26 pm PST
The DJIA, up 93 points to 24,895, led by strength in JNJ, CAT, MCT, AAPL and BA.
Nine sectors were higher on Thursday, led by staple XLP +0.91%, and
real estate XLRE +0.79%.
SPY up 1.32 at 274.10 on 66.8 million shares, 51%
below average volume.
Up on lower volume.
VIX down 1.22 at 16.54
Oil down 1.02 to 60.33
TLT up .68 at 118.69 on 7.0 million shares, 40% below
average volume. Up on higher volume.
JNJ +2.34%, and PFE +1.59%, led
the DJIA, 24 advancers.
AKAM +7.27%, DVN
+4.65%, and
ANDV +3.91%, led the SPX.
ESRX +8.58%, WYNN
+6.35%, STX +4.58%,
ATVI +3.70% and ULTA +2.72% led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up: QQQ, SPY, DIA,
Down:
IWM
Breadth was mixed
on Thursday, as advancers led 1,694
to 1,224on the NYSE and led 1,519 to 1,351 on
the NASDAQ.
The SPY MFC green
line pointed up
at 57, bullish.
Uptrend
sectors: XLK,
Neutral
sectors: XLY, XLF, XLV, XLI, XLB, XLE,
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… ADBE, MU, SQ, RNG, IBKR, SHOP, BA, NVDA,
RACE, VRSN, ATVI, WB, V, ANET, ISRG, TAL, EA, EBAY, LYV, CAT, MAR, ALGN, CCL,
RCL, TRU, WYN, PYPL, A, AABA, BABA, FCAU, FB, CBOE, TTWO, WYNN, AA, WUBA, EDU, CC,
59 of 100 NDX stocks closed
higher on Thursday.
67
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Friday:
Moving Above 30 DMA =
10
ADP, ALXN, ESRX, FOXA,
NTES, REGN, SHPG, SNPS, TTWO, WYNN
Moving Below 30 DMA = 1
CERN,
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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