© 2020
NDX +87.89, +0.82% and SPX
-17.89, -0.56%. NDX
made a new all-time closing high.
SPX opened
higher, pulled back, rallied, and closed lower. SPX was a re-test after a second HBO.
AAPL,
AMZN, FB, GOOGL, MSFT, EBAY, DOCU, NVDA, and NFLX made
new closing highs on Thursday.
Two of eleven sectors were higher on Thursday, led
by XLK, XLC and XLY
Technology
leaders: FFIV, AMD, MXIM, MCHP
Communication services
leaders: EA, TTWO, ATVI, GOOGL
Consumer discretionary leaders: AMZN, DG, EBAY, TSCO
SPY down 1.80 at 314.38 on 83.1 million shares, below average volume, down
on higher volume.
VIX up 1.18 at 29.29
WMT, CSCO, MSFT led the DJIA, 5 advancers, -16
FFIV, PNR, COO, AMZN led the SPX, 113 advancers
AMD, NTES MXIM, MCHP led the NDX, 55 advancers
The two-year trend term
is up. The one-year trend is up.
Up: QQQ,
Down: SPY, DIA, IWM,
Breadth weakened on
Thursday as decliners led 2,195 to 788 on the NYSE
and led 2,306 to 1,051 on the NASDAQ
The SPX
MFC green line is pointed up at 69 and is short-term
bullish. Price action is a re-test.
Uptrend sectors: XLK, XLY, XLC, XLB, XLI, XLRE,
Neutral sectors:
XLV, XLF, XLU, XLP, XLE,
Down trend sectors:
The 6-month intermediate
trend is sideways. The ten-day trend is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
55 of 100 NDX stock
closed higher on Thursday.
68 NDX stocks are above their 30 DMA: AMZN, CDNS, ASML, IDXX,
KLAC, MSFT, NVDA, SNPS, SWKS, QCOM, AAPL, ADSK, EBAY, FAST, MCHP, MELI, PYPL,
SPLK, WDAY, ADBE, ALGN, TSLA, BMRN, CSGP, ZM, AMAT, JD, NTES, TMUS, BIDU, ADI, AVGO,
MXIM, TXN, LRCX, REGN, NXPI, EA, TTWO, ATVI, ILMN, ANSS, NFLX, SGEN, VRTX, AMGN,
INCY, DOCU, CTXS, DXCM, INTU, PEP, LULU, VRSK, XLNX, CHKP, COST, FB,
GOOGL, VRSN, LBTYA, TCOM, MNST, CHTR, AMD, BKNG, CSCO, MU,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
BKNG,
CSCO, MU,
Moving Below 30 DMA = 7
CMCSA,
CTAS, CTSH, GILD, ISRG, ORLY, PCAR,
1 comment:
3rd time's a charm on SPX breakout!
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