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NDX +99.14, +0.99% and SPX
+33.43, +1.10% SPX opened
lower and traded in an intra-day basing pattern for most of Thursday
before breaking out during the last hour of trading and closed higher. SPX formed a piercing line candle on
the daily chart.
Ten of eleven sectors were higher on Thursday, led
by XLF, XLE and XLK
Financial leaders: AMP, UNM, CFG, WFC
Energy leaders: NOV, NBL, PXD, HAL
Technology
leaders: ACN, CTSH, IT, NVDA
SPY up 3.26 at 307.35 on 89.4 million shares, near average volume, up on lower volume.
VIX down 1.62 at 32.22
GS, DOW, JPM led the DJIA, 22 advancers, +22
NOV, CAN, NBL, AA led the SPX, 380 advancers
WDAY, DLTR, CTSH, BMRN led the NDX, 81 advancers
The two-year trend term is
up. The one-year trend is up.
Up: IWM, DIA, SPY, QQQ,
Down:
Breadth strengthened
on Thursday as advancers led 1,920 to 1,039 on the NYSE and
led 2,288 to 1,071 on the NASDAQ
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: Down a little
81 of 100 NDX stock
closed higher on Thursday.
68 NDX stocks are above their 30 DMA: AMZN, CDNS, KHC, AVGO,
IDXX, KLAC, LULU, MSFT, NVDA, SNPS, SWKS, FB, QCOM, AAPL, ADSK, EBAY, FAST,
GOOGL, MCHP, MELI, PYPL, SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, ZM, AMAT, JD, NTES,
TMUS, CTAS, LRCX, AVGO, DLTR, MXIM, TXN, XLNX, ALXN, REGN, NXPI, EA, TTWO,
ATVI, ILMN, ANSS, DXCM, NFLX, SGEN, AMGN, INCY, GILD, DOCU, ADP, CTSH, EXPE, INTU, MU, ORLY, PAYX, PCAR, PEP, VRSK,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 10
ADP, CTSH,
EXPE, INTU, MU, ORLY, PAYX, PCAR, PEP, VRSK,
Moving Below 30 DMA = 2
CTXS, XEL,
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