© 2020
- SPX traded
in a 48-point range, which is in its 2nd standard deviation with a VIX
of 15.56
- ETFC is being acquired by MS
- NVDA, AMD, MSFT fell on above average volume
- CPRT -6.89% on a negative EPS reaction
Stocks making new highs on Thursday: COST, CSX, FAST, ISRG, LULU, PAYX, ROST,
SIRI, CIEN, CRM, SQ,
Seven
of eleven
sectors were higher on Thursday, led by XLRE, XLU and XLB.
SPY down 1.39 at 336.95 on 74.1 million shares, above average
volume. Down on higher volume.
VIX up 1.18 at 15.56
DOW, HD, CSCO led the DJIA, 9 advancers, -9
ETFC, XEC, FOSL led the SPX, 257 advancers
LBTYA, FAST, PCAR, ULTA led the NDX, 29 advancers
Long term up
trend intact. 3-day short term trend is sideways.
Up: IWM,
Down: SPY,
DIA, QQQ,
Breadth was similar
on Thursday as advancers led 1,799 to 1,1253 on the NYSE and led 1,766 to 1,438 on the NASDAQ
The SPX
MFC green line is above 80 and is at 93 and is short-term
bullish.
Uptrend sectors: XLU, XLRE, XLK, XLC, XLP, XLY, XLF,
XLI, XLV,
Neutral sectors:
XLB,
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: Sideways
29 of 100 NDX stocks
closed higher on Thursday.
73 NDX stocks are above their 30 DMA: AAPL, MSFT, ADBE,
ADSK, LULU, MNST, VRSK, GOOGL, TSLA, ULTA, CSX, PYPL, CTAS, CDNS,
INTU, XEL, EXC,
NFLX, SNPS, INTC, ANSS, CSGP, SPLK, WDAY, VRTX, PAYX, COST, CHKP,
PEP, AMZN, MDLZ, CHTR, ADP, CTSH, GILD, JD,
LRCX, NTES, WDC, AAL, AMAT, AMD, ASML, CERN, EBAY, FAST, MXIM, NVDA, NXPI,
TMUS, BIIB, BMRN, MU, REGN, ROST, SGEN, TXN, ATVI, SIRI, ADI, ISRG, CMCSA,
EXPE, MELI, FISV, INCY, DLTR, ALGN, MAR, MCHP, BKNG, CDW, LBTYA,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
BKNG,
CDW, LBTYA,
Moving Below 30 DMA = 12
AVGO, BIDU,
CPRT, CTXS, FB, FOXA, IDXX, QCOM, SBUX, TCOM, VRSN, WLTW,
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