© 2019
SPY,
QQQ and DIA closed at new all-time closing highs for the third
straight day headed into the Thanksgiving Day Holiday. We all have much for which we can be grateful.
Remember markets
close early on Friday, with just a half day of trading.
Long term up
trend intact. 3-day short term trend is up.
Up: IWM, QQQ,
SPY, DIA,
Down:
Breadth strengthened
on Wednesday as advancers led 1,843 to 1,090 on the NYSE and
led 2,072 to 1,053 on the NASDAQ
The SPX
MFC green line is above 80, pointed up at 95 and is short-term
bullish.
Uptrend sectors: XLK, XLV, XLC, XLP, XLF, XLI, XLB,
Neutral sectors:
XLY, XLE, XLU, XLRE,
Down trend sectors:
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
80 of 100 NDX stocks
closed higher on Wednesday.
82 NDX stocks are above their 30 DMA: AAPL, ASML, CTXS,
ALGN, CELG, CHTR, NVDA, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN,
FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA,
BIIB, ALXN, FB, MAR, AMAT, AVGO, BMRN, MSFT, NFLX, CHKP, NXPI, HSIC,
ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, WLTW, PAYX,
VRSN, WDAY, MELI, CERN, ILMN, GILD, JD, ADI, TCOM, UAL, WYNN, AMZN, CSX,
LRCX, PYPL, ROST, SBUX, SNPS, COST, HAS, INTU, MCHP, MDLZ, MYL, PEP, VRSK, ATVI,
MU, TTWO, TXN, XLNX,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
ATVI, MU, TTWO, TXN, XLNX,
Moving Below 30 DMA = 2
JBHT, KHC,
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