SPX All-time Closing High 4,097...Technology Leads Sectors...MSFT, GOOGL, FB, MU hit New Highs...

 
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The DJI +57.31, +0.17%, closed at 33,503.  GS, CRM, MSFT and AAPL were the largest point gainers on Thursday.
 
NDX +141.81, +1.04%, was a channel bounce continuation.
SPX +17.22, +0.42%, ended at 4,097, a new all-time high.
 
TSLA +1.91%, bounced at support, formed a bullish harami and a channel bounce continuation setup.
 
SPY = all-time closing high.
DIA = bull flag setup
QQQ = bounce continuation, MSFT, FB, GOOGL, MU, ROST, SBUX = new high 
IWM = bull flag setup
 
 
Eight of eleven sectors were higher on Thursday, led by XLK, XLY and XLI.
 
Technology leaders: IPGP, ZBRA, PYPL, NOW
Consumer Discretionary leaders: ETSY, PENN, CZR, ROST
Industrials leaders: FDX, LDOS, GNRC, NLSN
 
SPY up 1.93 at 408.52, on 55.8 million shares, below average volume, up on lower volume.
VIX down .21 at 16.95
 
AAPL, CRM, GS, MSFT led the DJIA, 15 advancers, -1
ETSY, IPGP, PENN, CZR led the SPX, 255 advancers.
PTON, OKTA, ALGN, PYPL led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, IWM, SPY, DIA,
Down:
 
Advancers strengthened on Thursday as advancers led 2,062 to 1,234 on the NYSE and led 2,873 to 1,323 on the NASDAQ.
 
The SPY MFC green line is pointed up and rose 1.4 to 98.6 and is bullish.  Price action is an all-time new high.
 
 
Uptrend sectors:  XLP, XLI, XLB, XLRE, XLV, XLC, XLF, XLE, XLY,
Neutral sectors:  XLK, XLU,
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
 
73 of 100 NDX stocks closed higher on Thursday.
 
83 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, NXPI, SBUX, ADBE, BKNG, EBAY, GILD, INCY, INTC, KLAC, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, MRVL, ADI, ADSK, ALGN, ANSS, CDNS, CTAS, GOOGL, ISRG, MCHP, MSFT, MXIM, NVDA, SNPS, AAPL, AMD, AMZN, ATVI, AVGO, CPRT, FISV, INTU, MU, NFLX, QCOM, WDAY, WDC, XLNX, CHKP, DXCM, PYPL, TSLA, MELI, PTON, ALXN, DOCU, IDXX, LULU, MAR, OKTA, PAYX, SPLK,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 8
ALXN, DOCU, IDXX, LULU, MAR, OKTA, PAYX, SPLK,
 
 
Moving Below 30 DMA = 0
 
 
 
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