NDX All-time Closing as SPX Bounces and Nears Closing High...

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NDX +158.41, +1.40%, re-breakout to new all-time closing high as AAPL, MSFT, FB, AMZN, TSLA and GOOGL close higher.

SPX +10.66, +0.32%, closes at 3,385 on bounce back to resistance, just 4 points below Tuesday’s closing high.

Three of eleven sectors were higher on Thursday, led by XLK, XLC and XLRE.

Technology leaders:  SNPS, NOW, ADBE, ADSK

Communication Services leaders:  NFLX, ATVI, FB, GOOGL

Real Estate leaders:  FRT, PSA, SLG, REG

SPY up +1.05 at 338.28 on 42.2 million shares, below average volume, up on lower volume.

VIX up +0.18 at 22.72

MSFT, AAPL, INTC led the DJIA, 11 advancers, +3

FOSL, LB, NOW, ADSK led the SPX, 153 advancers

SNPS, TSLA, ZM, ADBE led the NDX, 54 advancers

The two-year trend term is up.  The one-year trend is up.

Up: QQQ, SPY, DIA,

Down: IWM,

Breadth weakened slightly on Thursday as decliners led 1,801 to 1,188 on the NYSE and led 2,032 to 1,347 on the NASDAQ

The SPY MFC green line turned up at 95.7, is short-term bullish.  Price action is a BO test bounce at resistance.

Uptrend sectors:  XLI, XLP, XLB, XLY, XLK, XLC, XLV,

Neutral sectors:  XLU, XLRE, XLF, 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

54 of 100 NDX stocks closed higher on Thursday.

68 NDX stocks are above their 30 DMA:  AMZN, CDNS, IDXX, NVDA, SWKS, AAPL, FAST, MELI, PYPL, MXIM, TTWO,  VRSK, CHKP, COST, MNST, CHTR, CMCSA, CTSH, KHC, PCAR, AMD, CTAS, ISRG, LULU, ORLY, XEL, CPRT, CSX, TCOM, QCOM. SBUX, KLAC, AVGO, FB, MSFT, NXPI, TMUS, DLTR, TXN, BKNG, ULTA, MAR, PAYX, CERN, EXPE, ADBE, ANSS, EA, INTU, MSFT, PEP, TSLA, FOXA, ADI, ADSK, ATVI, DOCU, DXCM, EBAY, GOOGL, NTES, SNPS, WDAY, ZM, MCHP, BIDU, NFLX, VRSN,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 3

BIDU, NFLX, VRSN,

Moving Below 30 DMA = 6

ALGN, AMAT, FISV, LRCX, REGN, ROST,

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