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Earnings season continued on Thursday. Positive reactions included TRIP, CVNA, FLS, WWD, ANSS, MCHP and NWSA.
Negative reactions: CTRP,
ROKU, SQ, DHI, MNST, QCOM, TTWO, WYNN,
The DJIA, closed up 10 points at 26,191, led by strength in MMM, UNH, MCD, AXP and JPM. This
is the seventh close above 25,000 in seven days and the second close above 26,000 since Oct 9.
Five of eleven sectors were higher on Thursday, led by financial
XLF +0.29% and real estate XLRE+0.21%.
SPY down .51 at 280.50 on 65.5 million
shares, 45% below average volume. Down on lower volume.
VIX up .36 at 16.72
Oil down .82 at 60.77
TLT down .01 at 112.51 on 6.9 million shares.
MMM +1.38%, CSCO +1.13%, led the DJIA, 20 advancers, -9.
TRIP +15.26%, FLS +7.83%and ANSS +6.18%, led the SPX.
MCHP +5.90%, ULTA +4.81%, ORLY +3.31%, and HOLX +2.91% led
the NDX.
Intermediate and long term up trend intact. 3-day short term trend is up.
Up: DIA,
Down: SPY, IWM, QQQ
Breadth weakened
on Thursday, as decliners led 1,532 to 1,379 on the NYSE
and led 1,614 to 1,420 on the NASDAQ
The SPY
MFC green line is pointed up at 49 and is bullish.
Uptrend sectors: XLU, XLP,
Neutral sectors:
XLV, XLRE, XLY, XLF, XLB,
Down trend sectors: XLK,
XLI, XLE, XLC,
The 6-month intermediate
and long-term trends are still up. The three-month trend is sideways.
The ten-day trend is up.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Up
38 of 100 NDX stocks closed higher on Thursday.
61
NDX stocks are above their 30
DMA. SBUX, WBA, CDNS, TSLA, PEP,
XLNX, ROST, CMCSA, DLTR, ESRX, EXPE, INTC, QRTEA, SHPG, CHTR, COST, MELI, TMUS,
AAL, ADI, BKNG, FOXA, INCY, LRCX, MDLZ, NTES, SIRI, STX, ULTA, MNST, NXPI,
PYPL, SYMC, CSCO, FAST, HAS, HOLX, KLAC, MCHP, MYL, VRSK, WDAY, ADP, ADSK,
ALXN, AMAT, AVGO, CSX, CTXS, FISV, HSIC, ILMN, INTU, ISRG, MSFT, MXIM, ORLY,
PAYX, SNPS, VRTX, XRAY
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 8
ADBE, ASML, BIIB, BMRN, CHKP, JD,
LBTYA, WYNN,
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