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DJI closed at 31,493 after a weak EPS reaction from WMT. NDX -62.20, -0.45%, pulled back for a third day from Friday’s all-time closing high and is a two-day bull flag setup. SPX -17.36, -0.44%, closed at 3,913, forming a dragonfly doji and a is a two-day bull flag setup.
TSLA -1.35% fell to 3-week closing low and bounced at support forming a MACD bullish divergence setup.
Two of eleven sectors were higher on Thursday, led by XLU, XLY and XLRE.
Utilities leaders: FE, AEP, XEL, WEC
Consumer Discretionary leaders: LKQ, AAP, ORLY, HLT
SPY down 1.67 at 390.72 on 59.7 million shares, average volume, down on higher volume.
VIX up .99 at 22.49
MMM, KO, MCD, V led the DJIA, 13 advancers, -4
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Thursday as decliners led 2,178 to 1,047 on the NYSE and led 2,909 to 1,132 on the NASDAQ.
The SPY MFC green line is pointed down at 93.5 and is counter-trend defensive. Price action is potential two-day bull flag.
Uptrend sectors: XLF, XLC, XLE, XLK, XLY, XLB, XLV, XLI, 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: Sideways
41 of 100 NDX stocks closed higher on Thursday.
71 NDX stocks are above their 30 DMA: AMAT, ASML, AVGO, BIDU, ILMN, SWKS, NTES, INTC, PDD, KLAC, EBAY, WBA, BIIB, PCAR, CTAS, GOOGL, MSFT, MRNA, WDC, DXCM, MELI, MU, NFLX, ATVI, ALGN, AMZN, ANSS, CDNS, CDW, CSCO, JD, NVDA, NXPI, OKTA, PYPL, SNPS, TEAM, TXN, WDAY, ZM, ADBE, CMCSA, FB, INTU, ROST, CTAS, DOCU, IDXX, MCHP, MTCH, SBUX, KHC, MAR, TCOM, ADI, EA, LRCX, BKNG, FOXA, MXIM, ALXN, CPRT, FISV, MNST, ADP, VRSN, AEP, EXC, ORLY, PAYX, VRSK,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 3
ADSK, DLTR, SPLK,
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DJI closed at 31,493 after a weak EPS reaction from WMT. NDX -62.20, -0.45%, pulled back for a third day from Friday’s all-time closing high and is a two-day bull flag setup. SPX -17.36, -0.44%, closed at 3,913, forming a dragonfly doji and a is a two-day bull flag setup.
TSLA -1.35% fell to 3-week closing low and bounced at support forming a MACD bullish divergence setup.
Two of eleven sectors were higher on Thursday, led by XLU, XLY and XLRE.
Utilities leaders: FE, AEP, XEL, WEC
Consumer Discretionary leaders: LKQ, AAP, ORLY, HLT
SPY down 1.67 at 390.72 on 59.7 million shares, average volume, down on higher volume.
VIX up .99 at 22.49
MMM, KO, MCD, V led the DJIA, 13 advancers, -4
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Thursday as decliners led 2,178 to 1,047 on the NYSE and led 2,909 to 1,132 on the NASDAQ.
The SPY MFC green line is pointed down at 93.5 and is counter-trend defensive. Price action is potential two-day bull flag.
Uptrend sectors: XLF, XLC, XLE, XLK, XLY, XLB, XLV, XLI, 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: Sideways
41 of 100 NDX stocks closed higher on Thursday.
71 NDX stocks are above their 30 DMA: AMAT, ASML, AVGO, BIDU, ILMN, SWKS, NTES, INTC, PDD, KLAC, EBAY, WBA, BIIB, PCAR, CTAS, GOOGL, MSFT, MRNA, WDC, DXCM, MELI, MU, NFLX, ATVI, ALGN, AMZN, ANSS, CDNS, CDW, CSCO, JD, NVDA, NXPI, OKTA, PYPL, SNPS, TEAM, TXN, WDAY, ZM, ADBE, CMCSA, FB, INTU, ROST, CTAS, DOCU, IDXX, MCHP, MTCH, SBUX, KHC, MAR, TCOM, ADI, EA, LRCX, BKNG, FOXA, MXIM, ALXN, CPRT, FISV, MNST, ADP, VRSN, AEP, EXC, ORLY, PAYX, VRSK,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 3
ADSK, DLTR, SPLK,
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