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SPY and DIA signaled a second chance bull flag bounce entry on
Thursday after bouncing on Tuesday and pausing on Wednesday. IWM
gave a second chance MACD divergence bounce entry as well.
LULU, SBUX, PG, AVGO, FISV, VRSK, ADP and SNPS hit new highs on Thursday.
The DJIA, closed up 91 points at 25,717, led by strength in MCD, MMM, CAT, GS and JPM.
Nine of eleven sectors were higher on Thursday, led by materials XLB +0.97% and financials XLF +0.87%.
SPY up 1.06 at 280.71 on 56.2 million shares, 26% below average volume. Up on lower volume.
VIX down .72 at 14.43
Oil up .11 at 59.51
TLT up .44 at 126.56 on 9.1 million shares.
NKE +1.14%, JPM +1.13%, led the DJIA, 26 advancers, +17
PVH +14.76%, ACN +5.20% and PXD +4.14%, led the SPX.
LULU +14.13%, CTRP +2.74%, MELI +2.52%, and TTWO +2.12%, led the NDX.
Long term up
trend intact. 3-day short term trend is up.
Up: IWM, SPY, DIA, QQQ,
Down:
Breadth strengthened
on Thursday, as advancers led 1,973 to 913 on the NYSE and
led 1,925 to 1,111 on the NASDAQ
The SPY
MFC green line moved below the upper zone, pointed down at 67 and is short-term
defensive. Watch for a
bull flag bounce continuation.
Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLI, XLC,
Neutral sectors:
XLB, XLV, XLF, XLE,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
63 of 100 NDX stocks closed higher on Thursday.
58
NDX stocks are above their 30
DMA: CDNS, CTRP, PYPL, XLNX, MELI, ULTA,
VRSN, INTU, KLAC, SNPS, MDLZ, PAYX, WLTW, CSX, ALXN, GOOGL, VRSK, ADP, CHKP,
CSCO, FOXA, CMCSA, JD, AAPL, PEP, CHTR, INTC, MSFT, COST, QCOM, XRAY, DLTR,
ISRG, AMZN, INCY, NVDA, SYMC, NTAP, SBUX, ATVI, IDXX, NTES, TTWO, ALGN, AVGO,
ORLY, AMD, EBAY, WDAY, EA, FISV, ADBE, ALXN, FAST, ILMN, LULU, MAR, PCAR,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
ILMN, LULU, MAR, PCAR,
Moving Below 30 DMA = 5
CELG, FB, LRCX, TMUS, VRTX,
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