Resistance HBO of August Channel as SPX +70 points in Two Days Led by NVDA, INTC, MU, LRCX...

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The DJIA, closed up 372 points at 26,728 led by strength in GS, IBM, MMM, AAPL and HD.  Closing below 27,000 for the twentieth-fifth straight day.

Eight of eleven sectors were higher on Thursday, led by technology XLK +2.09% and financial XLF +2.04%.

SPY up 3.78 at 297.82 on 83.2 million shares, average volume.  Up on higher volume.

VIX down 1.06 at 16.27

Oil up .19 at 56.17

TLT down 2.67 at 144.76 on 19.3 million shares. 

GLD down 3.52 at 143.14

IBM +3.41%, CAT +3.27%, led the DJIA, 26 advancers, -1

DLPH +13.58%, SWN +10.17% and TPR +8.36% led the SPX.

NVDA +6.51%, NTAP +5.31%, MU +4.74% and WDC +4.42% led the NDX.

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

Up: IWM, QQQ, DIA, SPY,

Down:

Breadth remained strong on Thursday, as advancers led 1,978 to 996 on the NYSE and led 2,260 to 828 on the NASDAQ

The SPY MFC green line is pointed up at 57 and is short-term bullish. 

Uptrend sectors: XLRE, XLU, XLP, XLY, XLK, XLC, XLI, XLF, XLB,

Neutral sectors:  XLV,

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: Up

94 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA:  SBUX, FISV, AMGN, CELG, KLAC, TTWO, VRSK, NTES, SYMC, PEP, EA, SNPS, INTU, ADP, ATVI, BKNG, CHTR, COST, JBHT, MDLZ, CMCSA, IDXX, QCOM, AAPL, MYL, ORLY, SIRI, ASML, LRCX, MU, NVDA, ROST, WDC, WLTW, DLTR, LBTYA, AMAT, AVGO, CSX, CTAS, CTSH, CTXS, INTC, JD, MSFT, NXPI, PYPL, TXN, AAL, ADI, AMD, AMZN, BIDU, EBAY, EXPE, CDNS, FAST, FB, GOOGL, ISRG, LULU, MCHP, MXIM, NTAP, PAYX, SWKS, TSLA, VRTX, WBA,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 21

AAL, ADI, AMD, AMZN, BIDU, EBAY, EXPE, CDNS, FAST, FB, GOOGL, ISRG, LULU, MCHP, MXIM, NTAP, PAYX, SWKS, TSLA, VRTX, WBA,

Moving Below 30 DMA = 1

SBUX,

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