SPY, DIA, QQQ Inside Day, Hammer in Bull Flag Pattern, JWN up After-hours...

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After the close JWN +2.88, +8.39% gained on a positive EPS reaction.

SPY, DIA, QQQ were range bound today as uncertainty of the timing of phase 1 of the trade deal continued.  An inside hammer was formed on each chart and each is still a bull flag setup for Friday.

DJIA closed down 54 points at 27,766 led by weakness in BA, HD, PG, MCD and V.  Closing below 28,000 for the third straight day.

Three of eleven sectors were higher on Thursday, led by XLE, XLC and XLV.  Energy led as oil rose on today’s modest broad market pullback.

SPY down .50 at 310.27 on 54.6 million shares, average volume.  Down on lower volume.

VIX up .35 at 13.13

Oil up 1.24 at 58.33

TLT down .88 at 139.72 on 5.9 million shares

GLD down .76 at 138.00

XOM, DOW, PFE led the DJIA, 15 advancers, +6

LB, SCHW, DVN led the SPX, 196 advancers

MELI, NTES, NLFX, REGN led the NDX, 43 advancers

Long term up trend intact.  3-day short term trend is down a little.

Up:

Down:  SPY, DIA, QQQ, IWM,                       

Breadth was steady on Thursday as decliners led 1,751 to 1,173 on the NYSE and led 1,823 to 1,315 on the NASDAQ

The SPX MFC green line is above 80, turned down at 95 and is counter-trend defensive. 

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: Down a little

43 of 100 NDX stocks closed higher on Thursday.

65 NDX stocks are above their 30 DMA:  AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, REGN, FAST, GOOGL, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, NTAP, QCOM, WBA, FOXA, BIIB, KHC, ALXN, FB, MAR, AMAT, AVGO, BMRN, LRCX, MSFT, NFLX, CHKP, NXPI, HSIC, ADBE, ADSK, CTSH, BIDU, CDNS, EA, FISV, LULU, ADP, MNST, SNPS, WLTW, INTU, PAYX, VRSN, WDAY, MELI, TTWO, CERN, ILMN, GILD, JD, ROST,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 2

JD, ROST,

Moving Below 30 DMA = 3

KLAC, PYPL, UAL,  

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