© 2018
TSLA +48.70, +16.19%,
SQ +5.79, +8.66% rose on a strong EPS reaction
and AAPL +2.92%,
rose for the second day following a strong EPS on Tuesday.
Six sectors were higher on Thursday, led by technology XLK +1.26% and discretionary XLY +0.69%.
The DJIA, closed down 7 points at 25,326,
as weakness in BA, GS, CVX and MMM was offset by strength in AAPL, UNH, PG and MSFT. This is the fifteenth
consecutive close above 25,000 since June 15.
SPY up 1.53 at 282.39, on 63.3 million shares, 4% below average
volume. Up on higher volume.
VIX down .96 at 12.19
Oil up 1.14 at 68.99
TLT up .17 at 118.63 on 4.4 million shares.
AAPL +2.92%, PG
+1.67%, led the DJIA, 13 advancers, +3.
PKI +8.32%, GPN
+6.51% and
ZTS +6.29%, led the SPX.
TSLA +16.19%, REGN
+7.00%, ESRX +4.76%,
and TMUS +4.75%, led
the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is up.
Up: QQQ, IWM, SPY,
Down:
DIA
Breadth strengthened
on Thursday, as advancers led 1,705 to 1,162 on
the NYSE and led 1,750 to 1,194 on the
NASDAQ
The SPY MFC green
line is at the
upper zone pointed down at 79.97, short-term yellow alert.
Uptrend
sectors: XLV, XLP,
XLY, XLK, XLU, XLRE,
Neutral
sectors: XLE, XLB, XLF, XLI,
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: Up
74 of 100
NDX stocks closed higher on Thursday.
63 NDX stocks
are above their
30 DMA. COST,
AMGN, REGN, HAS, MDLZ, HOLX, HSIC, ISRG, AMZN, CTRP, GILD, IDXX, SHPG, BMRN,
CELG, VRTX, CHKP, EXPE, BIIB, CA, CTAS, FB, GOOGL, MELI, ORLY, CTXS, MSFT,
FAST, AAPL, DLTR, QCOM, WBA, ASML, PCAR, ROST, XLNX, CSX, XRAY, CERN, MAR,
SBUX, AMAT, CMCSA, LRCX, KLAC, MXIM, ILMN,
VRSK, LBTYA, SNPS, ADBE, ALGN, CDNS, CSCO, JBHT, MCHP, MNST, NVDA, PAYX, TMUS,
TSLA, TXN, WDAY,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 13
ADBE,
ALGN, CDNS, CSCO, JBHT, MCHP, MNST, NVDA, PAYX, TMUS, TSLA, TXN, WDAY,
Moving Below 30 DMA = 5
ALXN, CHTR, CTSH, MYL, VOD,
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,
4 comments:
What a great day to pick up cash from the market...
Definitely a profitable bounce...DJ
made coin shorting sq on the rsi rollover. rising F flags are fadable. sq now in divergent territory: every new high is shortable. earnings were only in line.
not sure i would describe index movement as strong, tho certainly price movement was profitable. its more like a super low volume, no participation, algo bot melt up, usual for summer. each new high in the market is divergent also now so the closer to 3000 it gets the more likely there will be a january repeat. imo only.
snp...thanks for sharing and you're right, strong compared to what? Strong is a relative term Thursday may not seem strong depending on what you are comparing it to. Compared to the spinning tops on Tuesday and Wednesday and the red candles on the previous Friday and Monday, Thursday's bounce candle was strong. Also the bullish engulfing pattern is generally considered the strongest of the bullish candles. Thursday's strong bounce was also the largest (strongest) white candle since May 4. If one ignores all those facts and all that data, Thursday's bounce may not seem that strong. Continued success to you. DJ
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