© 2020
The SPX
closed higher and made a higher low and high today. The DJI closed at 20,087, +188, +0.95%, closing
below its Dec 2018 low for the fifth straight day. VIX closed at 72.00.
Oil
futures gained +2.76 and XLE +6.80%. SPX energy stocks OKE, NBL, XEC,
NOV, DVN, FTI and FANG each gained more that 20% today.
Seven
of eleven
sectors were higher on Thursday, led by XLE, XLY and XLB
SPY up .51 at 240.51 on 289.3
million shares, above average volume. Up
on lower volume.
VIX down 4.45 at 72.00
MCD, DIS, GS led the DJIA, 18 advancers, +12
OKE, CPRI, NBL led the SPX, 277 advancers
TSLA, NXPI, AVGO, ULTA led the NDX, 63 advancers
Two-year trend
term is sideways at support. 3-day short term trend is sideways.
Up: IWM, DIA,
QQQ, SPY,
Down:
Breadth strengthened,
on Thursday as advancers led 2,309 to 723 on the NYSE and
led 2,559 to 800 on the NASDAQ
The SPX
MFC green line is rose slightly to 12 and is down
trend counter trend bounce.
Uptrend sectors:
Neutral sectors:
Down trend sectors: XLK,
XLV, XLU, XLRE, XLC, XLP, XLY, XLI, XLB, XLF, XLE,
The 6-month intermediate
trend is down. The ten-day trend is down.
3-month Intermediate Term Market Trend: Down
3-day Short Term Market Trend: Sideways
63 of 100 NDX stocks
closed higher on Thursday.
3 NDX stock is above their 30 DMA: REGN, CTXS, GILD,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 0
Moving Below 30 DMA = 1
WBA,
2 comments:
Do you still do videos?
Thank you for asking...I do four plus hours of real-time videos every market day in my live Mentoring at iBullyBear.com...Dave
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