BA Leads DJIA Higher as SPX/SPY Pause at Resistance after PMI Data & Fed Comments at Jackson Hole...Powell to Speak 10 am ET on Friday...

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JWN, KEYS, SNPS and HRL had positive EPS reactions today and TGT continued to rise following a positive EPS reaction on Wednesday.  CRM +6.32% on positive EPS after the close.

The DJIA, closed up 49 points at 26,252, led by strength in BA, GS and JPM.  Closing below 27,000 for the seventeenth straight day.  

Six of eleven sectors were higher on Thursday, led by financial XLF +0.68% and staples XLP +0.53%.

SPY down .09 at 292.36 on 51.7 million shares, 32% below average volume.  Down on higher volume.

VIX up .88 at 16.68

Oil down .46 at 55.39

TLT down .96 at 143.60 on 13.9 million shares. 

BA +4.24%, JPM +1.03%, led the DJIA, 15 advancers, -14

JWN +15.86%, KEYS +12.58% and FOSL +7.22% led the SPX.

ALXN +7.53%, SNPS +5.43%, ULTA +2.06% and ROST +1.61% led the NDX.

Long term up trend intact.  3-day short term trend is sideways.

Up:  DIA,

Down: SPY, IMW, QQQ,

Breadth weakened on Thursday, as decliners led 1,564 to 1,376 on the NYSE and led 1,840 to 1,203 on the NASDAQ

The SPY MFC green line turned up at 46 and is short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLV,

Neutral sectors:  XLB, XLC, XLI, XLF,

Down trend sectors: XLE,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Sideways

37 of 100 NDX stocks closed higher on Thursday.

39 NDX stocks are above their 30 DMA:  CTAS, SBUX, FISV, WDC, AMGN, CELG, KLAC, TTWO, VRSK, BKNG, VRTX, LRCX, NTES, NXPI, SYMC, GOOGL, PEP, AAPL, ADP, INCY, JBHT, TXN, ATVI, CMCSA, EA, FAST, IDXX, MSFT, MYL, NVDA, QCOM, AVGO, MDLZ, ROST, SIRI, ALXN, COST, MU, SNPS,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 4

ALXN, COST, MU, SNPS,

Moving Below 30 DMA = 4

BIDU, EBAY, HAS, JD,

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