©
2020
Aribnb, ABNB priced its IPO at $68 and opened
at 146 on Thursday.
NDX +37.10, +0.30%, bounced and formed a two-day bull
flag setup.
SPX -4.72, -0.13, closed
at 3,668, a two-day bull flag setup.
Four
of eleven
sectors were higher on Thursday, led by XLE,
XLF and XLK.
Energy leaders: SWN,
OXY, APA, HES
Financials leaders: C, SYF,
MSCI, AJG
Technology leaders: FLT, PYPL, AMD, STX
SPY down 0.12 at 366.73 on 57.7 million shares, below average volume, down on lower
volume.
VIX up .25 at 22.52
CVX, TRV, AAPL, CRM led the DJIA, 9 advancers, -6
SWN, OXY, APA, TWTR led the SPX, 196 advancers
SBUX, PDD, BIDU, DXCM led the NDX, 46 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ,
Down: SPY, DIA,
Advancers strengthened on Thursday as advancers led 1,664 to 1,447 on the NYSE and led 2,275 to 1,402 on the NASDAQ
The SPY MFC green line
is pointed down at 95.9 and is counter-trend
defensive. Price action is a two-day
pullback, breakout test, bull flag.
Uptrend sectors: XLU, XLB, XLI, XLY, XLP, XLV, XLF,
XLC, XLK, XLE,
Neutral sectors: XLRE,
Down trend sectors:
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: Down a little
46 of 100 NDX stocks
closed higher on Thursday.
79 NDX stocks are above their 30 DMA: QCOM, ADP, XLNX, SIRI, ALGN, GOOGL, PDD, EXPE,
NXPI, PAYX, CSX, KLAC, LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU,
MXIM, SBUX, WBA, ASML, BKNG, FISV, INTU, MNST, TCOM, TMUS, MRNA, WDC, CMCSA,
ROST, ULTA, CHTR, CSCO, MDLZ, PEP, AVGO, COST, MELI, LBTYA, ADSK, KHC, AMD,
FOXA, LULU, TSLA, DLTR, TTWO, PYPL, EBAY, VRTX, AAPL, ADBE, ANSS, ATVI, BIDU,
CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX, SWKS, AMGN, DOCU,
CHKP, SGEN, CERN, BMRN, DXCM, IDXX,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
BMRN, DXCM, IDXX,
Moving Below 30 DMA = 2
CTAS, FB,
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