SPX/SPY Gaps & Runs to Channel Resistance & 30 DMA...

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The DJIA, closed up 326 points at 26,362, led by strength in HD, GS, AAPL, UNH and CAT.  Closing below 27,000 for the twentieth-first straight day.

All eleven sectors were higher on Thursday, led by technology XLK +1.74% and industrial XLI +1.71%.

TGT, HD, JWN and KEYS continued to trend up on Thursday.

SPY up 3.69 at 292.58 on 57.9 million shares, 29% below average volume.  Up on lower volume.

VIX down 1.47 at 17.88

Oil down 1.45 at 55.16

TLT down .56 at 147.24 on 8.8 million shares. 

GLD down 1.04 at 144.12

CAT +2.53%, HD +2.42%, led the DJIA, 26 advancers, +0

DG +10.68%, PVH +6.25% and NOV +4.85% led the SPX.
MYL +3.92%, AAL +3.91%, NVDA +3.59% and MU +3.52% led the NDX.

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

Up: IWM, QQQ, DIA, SPY,

Down:

Breadth strengthened slightly on Thursday, as advancers led 2,297 to 662 on the NYSE and led 2,206 to 873 on the NASDAQ

The SPY MFC green line turned up at 31.77 and is short-term bullish. 

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

Neutral sectors:  XLC, XLV, XLI, XLF, XLB,

Down trend sectors: XLE,

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

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

76 of 100 NDX stocks closed higher on Thursday.

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

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 15
ASML, AVGO, EBAY, FAST, GOOGL, INCY, LRCX, LULU, MSFT, MU, NVDA, NXPI, ROST, WDC, WLTW,

Moving Below 30 DMA = 1

DLTR,

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