©
2020
NDX +83.90, +0.66%, made a new all-time closing high on a
horizontal resistance breakout continuation move.
SPX +21.31, +0.58%, closed
at 3,722, also made a new all-time closing high and
a
horizontal resistance breakout.
Nine
of eleven
sectors were higher on Thursday, led by XLRE,
XLB and XLV.
Real Estate leaders: DLR,
EQIX, PSA, EXR
Basic Materials leaders: LIN,
NEM, MOS, BLL
Healthcare leaders: CTLT, WAT, ABMD, JNJ
SPY up 2.07 at 372.24 on 64.1
million shares, average volume, up on higher volume.
VIX down .57 at 21.93
JNJ, HD, NKE, V led the DJIA, 21 advancers, +12
LEN, CAN, PHM, PAYC led the SPX, 363 advancers
LULU, TSLA, MRNA, DOCU led the NDX, 75 advancers
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Down:
Advancers strengthened on Thursday as advancers led 2,093 to 1,048 on the NYSE and led 2,522 to 1,197 on the NASDAQ
The SPY MFC green line
turned at 94 and is bullish. Price action is a horizontal resistance
breakout.
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: Up
75 of 100 NDX stocks
closed higher on Thursday.
88 NDX stocks are above their 30 DMA: ADP, XLNX, SIRI, ALGN, PDD, EXPE, NXPI, KLAC,
LRCX, TXN, ADI, AMAT, CTSH, FAST, MAR, MCHP, MU, MXIM, SBUX, WBA, ASML, BKNG,
FISV, INTU, MNST, TMUS, MRNA, WDC, CMCSA, ROST, ULTA, CSCO, PEP, AVGO,
MELI, LBTYA, ADSK, KHC, AMD, FOXA, TSLA, DLTR, TTWO, PYPL, VRTX, AAPL, ADBE,
ANSS, ATVI, BIDU, CDNS, CTXS, EA, GILD, ILMN, INTC, ISRG, SNPS, VRSN, NFLX,
DOCU, CHKP, SGEN, CERN, BMRN, DXCM, IDXX, CPRT, ALXN, AMZN, EBAY, INCY,
LULU, QCOM, TCOM, EXC, PAYX, SWKS, MSFT, ORLY, WDAY, AMGN, CDW, CHTR, CSX, MDLZ,
NTES, VRSK,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 7
AMGN, CDW, CHTR, CSX, MDLZ,
NTES, VRSK,
Moving Below 30 DMA = 0
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