SPX, SPY Breakout of Sep 16 Resistance to Complete Macd Divergence Bounce and Continue 10-day Uptrend...

 
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NDX +47.75, +0.42%, gapped up, traded in a range on Thursday.  The rally was led by weakness in FB, GOOGL and INTC. 
 
SPX +27.38, +0.80%, closes at 3,446.  SPX gapped up at the open and moved above its Sep 16 high completing its MACD divergence bounce.  It is now a horizontal breakout.
 
All eleven sectors were higher on Thursday, led by XLE, XLY and XLI.
 
Energy leaders: OXY, HAL, MPC, FTI
Utilities leaders: DTE, EXC, SRE, CNP
Real Estate leaders: SLG, IRM, CBRE, VNO
 
SPY up +3.02 at 343.78 on 45.2 million shares, below average volume, up on lower volume.
VIX down -1.70 at 26.36
 
IBM, AXP, DOW, GS, led the DJIA, 24 advancers, -6
OXY, HAL, MPC, DTE led the SPX, 422 advancers
EXC, ULTA, MU, WDC led the NDX, 77 advancers
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, SPY, QQQ, DIA,
Down:
 
Breadth was strong on Thursday as advancers led 2,313 to 726 on the NYSE and led 2,350 to 1,150 on the NASDAQ
 
The SPY MFC green line is pointed up at 48.3 and is bullish.  Price action is a breakout of the Sep 16 high.
 
Uptrend sectors:  XLB, XLI, XLY, XLP, XLK, XLC, XLV,
Neutral sectors:  XLRE, XLF, XLU,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
77 of 100 NDX stocks closed higher on Thursday.
 

81 NDX stocks are above their 30 DMA:   AVGO, ZM, ALXN, SGEN, WDAY, CDW, CHTR, CPRT, CTAS, CTSH, FISV, IDXX, INTC, MRNA, NVDA, PAYX, QCOM, SBUX, SNPS, TCOM, ADP, BIIB, COST, FOXA, LRCX, SWKS, TXN, XLNX, AMD, KLAC, BIDU, DOCU, NFLX, NXPI, ROST, XEL, SIRI, AMAT, CERN, EXC, MCHP, MELI, MXIM, PCAR, REGN, SPLK, ADBE, ADI, ALGN, ANSS, ASML, BMRN, CDNS, CHKP, CSX, FAST, ILMN, INCY, INTU, ISRG, JD, LULU, MU, PEP, PYPL, TMUS, TSLA, WBA, WDC, ADSK, AMZN, BKNG, CMCSA, CSCO, DLTR, EXPE, MAR, ULTA, VRSK, VRSN, VRTX,

 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 12
ADSK, AMZN, BKNG, CMCSA, CSCO, DLTR, EXPE, MAR, ULTA, VRSK, VRSN, VRTX,
 
 
Moving Below 30 DMA = 1
AMGN,
 
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