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SPY and DIA closed down for the second straight day
on Thursday. IWM and QQQ also closed
lower.
AMD, SQ, BBY and NVDA hit new highs on Thursday.
One sector was higher on Thursday, led by technology XLK +0.22% and healthcare XLV -0.03%.
The DJIA, closed down 76 points
at 25,656, led by weakness in GS, CAT, BA, MCD and XOM. This is the thirtieth consecutive close
above 25,000
since June 15.
SPY down .38 at 285.79, on 49.2 million shares, 15% below average volume. Down on higher volume.
VIX up .16 at 12.41
Oil down .27 at 67.84
TLT up .19 at 122.05 on 5.3 million shares.
V +0.68%, HD
+0.60%, led the DJIA, 13 advancers, +5.
AMD +6.65%, TSCO
+2.79% and
NLSN +2.89%, led the SPX.
SNPS +6.36%, ULTA
+2.00%, ROST +1.73%,
and NVDA +1.53%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is sideways.
Up:
Down:
SPY, QQQ, DIA, IWM
Breadth weakened on Thursday, as decliners led 1,858 to 990 on the
NYSE and led 1,712 to 1,194 on the NASDAQ
The SPY MFC green
line is in the
upper zone pointed down at 90 bullish.
Uptrend
sectors: XLV, XLP,
XLY, XLK, XLU, XLRE, XLI
Neutral
sectors: XLF, XLE, XLB,
Down
trend sectors:
The 6-month intermediate and
long-term trends are still up. The three-month trend
is now up. The ten-day trend is
sideways.
3-month Intermediate Term
Market Trend: Up
3-day Short Term Market Trend: Sideways
33 of 100
NDX stocks closed higher on Thursday.
55
NDX stocks are above their 30
DMA. COST,
AMGN, HAS, HSIC, ISRG, AMZN, GILD, CELG, CHKP, CA, CTAS, ORLY, CTXS, FAST,
AAPL, DLTR, QCOM, WBA, PCAR, ROST, XLNX, CSX, CERN, SBUX, CMCSA, KLAC, ILMN,
VRSK, SNPS, ADBE, CSCO, PAYX, TMUS, WDAY, DISH, FISV, ADP, TTWO, ESRX, MYL,
JBHT, INCY, REGN, AAL, ADSK, CDNS, MXIM, NVDA, ADBE, ADI, IDXX, MSFT, PYPL,
STX, INTU,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
INTU,
Moving Below 30 DMA = 6
CHTR, EBAY, MNST, SHPG,
SIRI, VRTX,
Intermediate-term trending stocks:
ADBE,
ETFC, MA, V, ISRG, WIX, NDAQ, VRSN, COP, CRM, NTAP, RNG, SQ, ALGN, GRUB, AKAM,
CDNS, FISV, BA, MU, CMA, HRS, SHOP, EL, NVDA, CME,
MAR,
ANET, KORS, IBKR, RACE, WYNN, TAL, AA, WUBA, FCAU,
1 comment:
watching tsco 91 for a short. also wsm 76-77. snps 103-105. looks like baba getting hit and everyone seeing 160. sometimes a well watched level is never hit. markets slumping but this is a gentleman's pull back if i ever saw one. do you mind if i sell? oh, no not a'toll, please go right ahead. oh, well if you were going to sell you can go first. thats quite alright, after you. no worries. lets sell together shall we? bloody good idea. i mean 34 cents a day spy is pretty silly...death by doji...no sign of panic anywhere. is it late summer or what?
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