© 2019
Futures rose in the
pre-market and
pulled back after the open and filled the gap.
The SPX traded in a tight 15-point range and closed near its high
of the day. November Jobs Report will
be released at 8:30 am EST Friday morning.
The FOMC meets next
Tuesday and Wednesday with its announcement on Wednesday afternoon at 2 pm EST.
Seven of eleven sectors were higher on Thursday, led by XLB, XLF and XLC.
SPY up .56 at 312.02 on 40.7 million shares, below average volume. Up on lower volume.
VIX down .28 at 14.52
Oil down .02 at 58.33
TLT down .68 at 139.12 on 7.2 million shares
GLD up .08 at 139.00
NKE, AAPL, UNH led the DJIA, 17 advancers, -6
PVH, FOSL, RL led the SPX, 303 advancers
BIIB, JD, LULU, BIDU led the NDX, 53 advancers
Long term up
trend intact. 3-day short term trend is sideways.
Up: QQQ, SPY,
DIA, IWM,
Down:
Breadth weakened
on Thursday as advancers led 1,583 to 1,361 on the NYSE and
decliners led 1,612 to 1,520 on the NASDAQ
The SPX
MFC green line crossed below 80, is pointed down at 78 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 sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
53 of 100 NDX stocks
closed higher on Thursday.
61 NDX stocks are above their 30 DMA: AAPL, ALGN, SWKS, ISRG,
ORLY, AMGN, REGN, FAST, NTES, PCAR, SIRI, AMD, INCY, VRTX, ISRG, WBA, FOXA, FB,
MAR, AVGO, BMRN, MSFT, NFLX, HSIC, ADBE, ADSK, BIDU, EA, FISV, LULU, ADP,
MNST, WLTW, PAYX, MELI, CERN, ILMN, GILD, PYPL, ROST, SBUX, HAS,
MDLZ, MYL, PEP, VRSK, KHC, GOOGL, TTWO, ADI, ASML, MCHP, NTAP, NXPI, TXN, XEL,
ATVI, BIIB, JD, KHC,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
ATVI, BIIB, JD, KHC,
Moving Below 30 DMA = 5
ALXN, CTXS, NVDA, TSLA, ULTA,
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