©
2020
NDX +165.14, +1.45%, gapped
up, traded in range and closed higher. The trend continuation was led by strength
in AMZN, AAPL, MSFT, FB and TSLA.
SPX +17.80, +0.53%, closes
at 3,380. SPX gapped up, traded in a range and closed higher for the day.
Seven
of eleven
sectors were higher on Thursday, led by XLRE,
XLC and XLY.
Real Estate leaders: AIV, AVB, EQR, MAA
Communication Services leaders: NFLX, TWTR,
GCI, ATVI
Consumer Discretionary leaders: ETSY, UAA, GPS, LB
SPY up +2.15 at 337.04 on 88.6 million shares, above average volume, up
on lower volume.
VIX up +0.33 at 26.70
AXP, UNH, AMGN, GS led the DJIA, 14 advancers, -14
ETSY, UAA, TWTR, GPS led the SPX, 279 advancers
BIDU, JD, INCY, ROST led the NDX, 84 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Down:
Breadth strengthened on Thursday as advancers led 2,080 to 959 on the NYSE and
led 2,307 to 1,173 on the NASDAQ
The SPY MFC green line
is pointed up at 35 and is bullish. Price action is a bounce continuation above Wednesday’s
close.
Uptrend sectors: XLB, XLI, XLY, XLP, XLV, XLK, XLC,
Neutral sectors: XLRE, XLF, XLU,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The
ten-day trend is down.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
84 of 100 NDX stocks
closed higher on Thursday.
70 NDX stocks are above their 30 DMA: CMCSA, AVGO, ZM, ALXN, SGEN, WDAY, ALGN, CDW,
CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS,
TCOM, ADBE, ADI, ADP, AMGN, BIIB, COST, FOXA, LRCX, MXIM, PEP, SWKS, TSLA,
TXN, VRSK, XLNX, ANSS, BIDU, CDNS, CERN, DOCU, DXCM, INTU, ISRG, JD,
MDLZ, NFLX, NXPI, ROST, TMUS, XEL, AMAT, AMZN, ASML, ATVI, CTXS, INCY, MCHP,
MELI, MSFT, MU, SIRI, TTWO, ULTA, VRSN,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 14
AMAT, AMZN, ASML, ATVI,
CTXS, INCY, MCHP, MELI, MSFT, MU, SIRI, TTWO, ULTA, VRSN,
Moving Below 30 DMA = 2
BMRN, CSX,
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3 comments:
I appreciate it Dave. Thank you for recapping the day.
Thanks Dave. Especially for all the classes when you were with investools
John, you're welcome...those were great classes...the Mentoring trader talk sessions twice a day at iBullyBear.com are significantly better for traders that want to take their trading to the Next Level...Multi-dimensional...Dave
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