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The DJI -153.07, -0.46%, closed at 32,862. BA, MSFT, AAPL and CVX led the point loss on Thursday.
NDX -413.24, -3.13%, pulled back sharply from Wednesday’s FOMC rally.
SPX -58.66, -1.48%, closed at 3,915, a move below the low of the high day on Wednesday.
TSLA -6.93%, sold off to Wednesday’s low and remained in a tight range for the seventh day.
One of eleven sectors was higher on Thursday, led XLF, XLI and XLV.
Financial leaders: HIG, USB, AIZ, MET
SPY down 5.78 at 391.48 on 115.3 million shares, above average volume, down on higher volume.
VIX up 2.35 at 21.58
UNH, JPM, MMM, HD led the DJIA, 10 advancers, -9
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Thursday as decliners led 2,616 to 702 on the NYSE and led 3,245 to 937 on the NASDAQ.
The SPY MFC green line is turned down in the upper zone, fell 3.5 to 91.5 and is counter-trend defensive. Price action is a pullback from its all-time new high.
Uptrend sectors: XLF, XLE, XLI, XLC, XLB, XLK, XLY, XLV,
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
3 of 100 NDX stocks closed higher on Thursday.
35 NDX stocks are above their 30 DMA: WDC, CDW, CMCSA, KHC, MAR, TCOM, BKNG, FOXA, FISV, ADP, SBUX, ORLY, CSCO, CSX, INTC, PAYX, TMUS, AEP, ROST, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, MU, NXPI, SIRI, TXN, FAST, AMGN, CHKP, REGN,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 12
ADI, AVGO, CTAS, DLTR, EBAY, GOOGL, LRCX, MCHP, PCAR, SWKS, VRTX, WDAY,
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The DJI -153.07, -0.46%, closed at 32,862. BA, MSFT, AAPL and CVX led the point loss on Thursday.
NDX -413.24, -3.13%, pulled back sharply from Wednesday’s FOMC rally.
SPX -58.66, -1.48%, closed at 3,915, a move below the low of the high day on Wednesday.
TSLA -6.93%, sold off to Wednesday’s low and remained in a tight range for the seventh day.
One of eleven sectors was higher on Thursday, led XLF, XLI and XLV.
Financial leaders: HIG, USB, AIZ, MET
SPY down 5.78 at 391.48 on 115.3 million shares, above average volume, down on higher volume.
VIX up 2.35 at 21.58
UNH, JPM, MMM, HD led the DJIA, 10 advancers, -9
The two-year trend term is up. The one-year trend is up.
Up:
Advancers weakened on Thursday as decliners led 2,616 to 702 on the NYSE and led 3,245 to 937 on the NASDAQ.
The SPY MFC green line is turned down in the upper zone, fell 3.5 to 91.5 and is counter-trend defensive. Price action is a pullback from its all-time new high.
Uptrend sectors: XLF, XLE, XLI, XLC, XLB, XLK, XLY, XLV,
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
3 of 100 NDX stocks closed higher on Thursday.
35 NDX stocks are above their 30 DMA: WDC, CDW, CMCSA, KHC, MAR, TCOM, BKNG, FOXA, FISV, ADP, SBUX, ORLY, CSCO, CSX, INTC, PAYX, TMUS, AEP, ROST, XEL, AMAT, EXC, FB, MDLZ, CHTR, CTSH, WBA, MU, NXPI, SIRI, TXN, FAST, AMGN, CHKP, REGN,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 12
ADI, AVGO, CTAS, DLTR, EBAY, GOOGL, LRCX, MCHP, PCAR, SWKS, VRTX, WDAY,
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1 comment:
Thank you, Dave. It’s not that often only 3 of the 100 NDX advanced.
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