© 2020
NDX +29.57, +0.30%, and SPX +1.85, +0.06%. SPX opened lower after a jobless claims
report that was higher than expected.
The SPX traded in a range most of the day and closed slightly higher on Thursday.
The SPX,
DJI and NDX bull flag bounce continuation moves. PYPL and ADBE made new all-time closing highs
today.
Five of eleven sectors were higher on Thursday, led by XLE, XLP and XLK
SPY up .12, at 311.78 on 80.8 million shares, below average volume, up on slightly lower
volume.
VIX down .53 at 32.94
PG, TRV MSFT led the DJIA, 12 advancers, +5
VIAC, HFC, PSX, DISH led the SPX, 230 advancers
LBTYA, TMUS, FOXA, WDAY led the NDX, 61 advancers
The two-year trend term
is up. The one-year trend is up.
Up: QQQ, SPY,
Down: IWM, DIA,
Breadth strengthened on Thursday as decliners led 1,660 to 1,299 on the NYSE and led 1,698 to 1,646 on the NASDAQ
The SPX
MFC green line is turned at 72.4 and is short-term bullish. Price action is a 5-day bull flag, bounce and
pause today above the HOLD.
Uptrend sectors: XLY, XLK, XLV, XLC, XLB, XLI, XLF,
XLRE, XLE,
Neutral sectors:
XLU, XLP,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
61 of 100 NDX stock
closed higher on Thursday.
86 NDX stocks are above their 30 DMA: AMZN, CDNS, KHC, AVGO,
IDXX, ISRG, KLAC, LULU, MSFT, NVDA, ORLY, SNPS, SWKS, FB, QCOM, AAPL, ADSK,
EBAY, FAST, GOOGL, MCHP, MELI, MNST, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN,
VRSK, ZM, AMAT, JD, NTES, TMUS, CTAS, EXPE, LRCX, AVGO, BKNG, CDW, CMCSA, DLTR,
MXIM, PCAR, TXN, XLNX, PAYX, EXC, AAL, ALXN, MU, SIRI, UAL, REGN, XEL, NXPI,
EA, TTWO, ADP, ATVI, CHTR, CSCO, CSX, CTSH, ILMN, LBTYA, AMD, ANSS, CPRT,
CTXS, DXCM, MDLZ, CERN, CHKP, INTU, NFLX, SGEN, WBA, AMGN, FOXA, INCY, MAR, TCOM,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
AMGN, FOXA,
INCY, MAR, TCOM,
Moving Below 30 DMA = 2
ROST, WDC,
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