© 2018
The DJIA, closed down 545 points at 25,052, led by weakness in BA,
UNH, MMM, MCD and CVX. This is the sixty-fourth
consecutive close above 25,000 since
June 15.
All eleven sectors were lower, strongest were communications
XLC -0.85% and materials XLB -1.16%.
SPY down 6.13 at 272.17, on 274.8 million
shares, 243% above average volume. Down on higher volume.
VIX up 2.02 at 24.98
Oil down 1.64 at 70.99
TLT up 1.38 at 114.87 on 16.0 million shares.
MSFT -0.24%, DWDP -0.57%, led
the DJIA, 0 advancers, -0.
NEM +7.07%, LB +5.93% and FCX +3.60%, led the SPX.
CTRP +3.53%, JD +3.39%, BIDU +1.93%, and MCHP +1.90%, led the NDX.
CTRP +3.53%, JD +3.39%, BIDU +1.93%, and MCHP +1.90%, led the NDX.
Intermediate and long
term up trend intact. 3-day short term trend is down.
Up:
Down: QQQ, IWM, SPY, DIA,
Breadth strengthened
on Thursday, as decliners led 2,343 to 619 on the NYSE and decliners led 2,259 to 779 on the NASDAQ
The SPY
MFC green line is pointed down at 22 is short-term
bearish.
Uptrend sectors: XLE, XLU, XLP, XLV,
Neutral sectors:
XLK, XLY, XLI, XLF, XLRE,
Down trend sectors: XLB,
XLC,
The 6-month intermediate
and long-term trends are still up. The three-month trend is sideways.
The ten-day trend is down.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
24 of 100 NDX stocks closed higher on Thursday.
2
NDX stocks are above their 30
DMA. ESRX, NTES,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 5
DLTR, HOLX, HSIC, SBUX,
WBA,
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