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2020
Thursday’s half trading day closing at 1 pm ET resulted in light volume and markets generally moving moderately higher. Markets are closed Friday for Christmas.
NDX +57.87, +0.46%, on Thursday is a bull flag bounce.
SPX +13.05, +0.35%, closed at 3,703, is a channel bounce.
TSLA rose +2.44%, on Thursday and is a bull flag bounce.
Ten of eleven sectors were higher on Thursday, led by XLRE, XLU and XLK.
Real Estate leaders: EQR, WELL, MAA, DRE
SPY up 1.43 at 369.00 on 26.4 million shares, below average volume, up on lower volume.
VIX down 1.78 at 21.53
V, INTC, PG, UNH led the DJIA, 18 advancers, +12
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA,
Advancers weakened on Thursday as advancers led 1,898 to 1,211 on the NYSE and decliners led 1,957 to 1,782 on the NASDAQ
The SPY MFC green line is pointed down at 81.1 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 up a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
65 of 100 NDX stocks closed higher on Thursday.
75 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, 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, INCY, QCOM, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, CHTR, MDLZ, PDD, PEP, QCOM,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
Moving Below 30 DMA = 4
EBAY, JD, MRNA, SPLK,
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Thursday’s half trading day closing at 1 pm ET resulted in light volume and markets generally moving moderately higher. Markets are closed Friday for Christmas.
NDX +57.87, +0.46%, on Thursday is a bull flag bounce.
SPX +13.05, +0.35%, closed at 3,703, is a channel bounce.
TSLA rose +2.44%, on Thursday and is a bull flag bounce.
Ten of eleven sectors were higher on Thursday, led by XLRE, XLU and XLK.
Real Estate leaders: EQR, WELL, MAA, DRE
SPY up 1.43 at 369.00 on 26.4 million shares, below average volume, up on lower volume.
VIX down 1.78 at 21.53
V, INTC, PG, UNH led the DJIA, 18 advancers, +12
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY, DIA,
Advancers weakened on Thursday as advancers led 1,898 to 1,211 on the NYSE and decliners led 1,957 to 1,782 on the NASDAQ
The SPY MFC green line is pointed down at 81.1 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 up a little.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
65 of 100 NDX stocks closed higher on Thursday.
75 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, 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, INCY, QCOM, PAYX, SWKS, MSFT, ORLY, WDAY, NTES, VRSK, BIIB, new symbols added = MRVL, MTCH, OKTA, PTON, TEAM, BKNG, MAR, CHTR, MDLZ, PDD, PEP, QCOM,
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 5
Moving Below 30 DMA = 4
EBAY, JD, MRNA, SPLK,
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