©
2020
Thursday, Christmas Eve, is a half trading day with NYSE closing
at 1 pm ET. Market are closed Friday for Christmas.
NDX -64.42, -0.51%, pulled back in a breakout test on Wednesday forming a bull flag setup.
SPX +2.75, +0.07%, closed at 3,690, still in a channel bounce setup.
TSLA rose +0.88%, on Wednesday and is a bull flag setup.
Eight of eleven sectors were higher on Wednesday, led by XLE, XLF and XLC.
Energy leaders: SWN, FANG, MRO, OXY
SPY up .33 at 367.57 on 46.2 million shares, below average volume, up on slightly lower volume.
VIX down .92 at 23.31
JPM, GS, AXP, DIS led the DJIA, 18 advancers, +12
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Advancers strengthened on Wednesday as advancers led 2,154 to 985 on the NYSE and led 2,375 to 1,389 on the NASDAQ
The SPY MFC green line is pointed down at 84.3 and is counter-trend defensive. Price action is a channel bounce setup.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
42 of 100 NDX stocks closed higher on Wednesday.
74 NDX stocks are above their 30 DMA: ADP, XLNX, ALGN, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MCHP, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, MRNA, WDC, ROST, CSCO, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM, BKNG, JD, MAR, SPLK,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
Moving Below 30 DMA = 1
LULU,
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NDX -64.42, -0.51%, pulled back in a breakout test on Wednesday forming a bull flag setup.
SPX +2.75, +0.07%, closed at 3,690, still in a channel bounce setup.
TSLA rose +0.88%, on Wednesday and is a bull flag setup.
Eight of eleven sectors were higher on Wednesday, led by XLE, XLF and XLC.
Energy leaders: SWN, FANG, MRO, OXY
SPY up .33 at 367.57 on 46.2 million shares, below average volume, up on slightly lower volume.
VIX down .92 at 23.31
JPM, GS, AXP, DIS led the DJIA, 18 advancers, +12
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Advancers strengthened on Wednesday as advancers led 2,154 to 985 on the NYSE and led 2,375 to 1,389 on the NASDAQ
The SPY MFC green line is pointed down at 84.3 and is counter-trend defensive. Price action is a channel bounce setup.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF, XLC, XLK, XLE,
Down trend sectors:
The 6-month intermediate trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down a little
42 of 100 NDX stocks closed higher on Wednesday.
74 NDX stocks are above their 30 DMA: ADP, XLNX, ALGN, NXPI, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MCHP, MU, MXIM, SBUX, ASML, INTU, MNST, TMUS, MRNA, WDC, ROST, CSCO, AVGO, MELI, ADSK, KHC, AMD, TSLA, DLTR, PYPL, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU, CDNS, EA, GILD, ILMN, ISRG, SNPS, VRSN, NFLX, DOCU, CHKP, SGEN, CERN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM, BKNG, JD, MAR, SPLK,
NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 4
Moving Below 30 DMA = 1
LULU,
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1 comment:
Merry Christmas to you and your family Dave!
Mike
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