Thursday, January 21, 2021

QQQ All-time High on Continued Strength in NVDA, AAPL, INTC, FB, PYPL & more...PCAR Jumps on Autonomous Truck Plans...

 © 2021
 
QQQ closed at a new all-time closing high on continued strength in big tech GOOGL, NVDA, AAPL, INTC, FB, PYPL, AMZN, MSFT, GOOGL, and ADBESPY +0.35, inched its way to a new all-time closing high.
 
PCAR jumped +10.46%, to a new all-time closing high after announcing that it will work with autonomous vehicle startup Aurora Innovation to develop self-driving heavy-duty trucks.
 
NDX +108.54, +0.82%, a new high breakout to a new all-time closing high.
 
SPX +1.22, +0.03%, closed at 3,853, pausing after Wednesday’s big breakout and inched to a new all-time closing high.
 
TSLA fell -0.64%, pulled back in its bull flag pattern grinding back and forth for 8 days.
 
Three of eleven sectors were higher on Thursday, led by XLK, XLY and XLC. 
 
Technology leaders: INTC, ENPH, NVDA, AAPL
Consumer Discretionary leaders: BWA, F, NVR, HAS
Communication Services leaders: VIAC, FB, GCI, DISCA
 
SPY up .35 at 384.24 on 47.8 million shares, below average volume, up on lower volume.
VIX down .26 at 21.32
 
INTC, AAPL, TRV, HD led the DJIA, 10 advancers, -12
BWA, ENPH, F, CMI led the SPX, 165 advancers.
PCAR, MRNA, ASML, NVDA led the NDX, 48 advancers.
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers weakened on Thursday as decliners led 1,927 to 1,228 on the NYSE and led 2,178 to 1,684 on the NASDAQ.
 
The SPY MFC green line pointed up at 86.6 and is bullish.  Price action is range day that inches to a new all-time high.
 
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 TrendUp
 
48 of 100 NDX stocks closed higher on Thursday.
 
71 NDX stocks are above their 30 DMA:   ALGN, TXN, ADI, AMAT, MU, MXIM, ASML, CSCO, AVGO, ADSK, TSLA, PYPL, ANSS, ATVI, BIDU, CDNS, ILMN, SNPS, CERN, IDXX, ALXN, SWKS, ORLY, NTES, MRVL, PTON, AMGN, INTC, JD, PDD, KLAC, NXPI, EBAY, GILD, LRCX, WBA, BIIB, FOXA, MCHP, QCOM, CSX, EXC, PCAR, CDW, CTAS, DOCU, INCY, MELI, REGN, SPLK, EA, ZM, SGEN, GOOGL, INTU, OKTA, TCOM, VRTX, WDC, AAPL, AMZN, CTSH, DXCM, ISRG, MSFT, NFLX, NVDA, SBUX, CHTR, FB, MRNA,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
CHTR, FB, MRNA,  
 
Moving Below 30 DMA = 3
BKNG, TMUS, XEL
 
 
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