Thursday, April 1, 2021

SPX Closes above 4,000 for the First Time at a New Record 4,019...Energy and Technology Lead Sectors...

 
© 2021

 
Reminder:  Markets are closed Friday, April 2 in observance of Good Friday.
 
 
The DJI +171.66, +0.52%, closed at 33,153, its second highest close.  CRM, MSFT, V and DIS were the largest point gainers on Thursday.
 
NDX +238.07, +1.82%, was a channel bounce continuation.
SPX +46.98, +1.18%, ended at 4,019, closing above 4,000 for the first time at a new all-time high.
 
TSLA -0.93%, gapped open up, closed lower, pulling back from short-term resistance.
 
Eight of eleven sectors were higher on Thursday, led by XLE, XLK and XLC.
 
Energy leaders: FANG, MRO, DVN, HFC
Technology leaders: LRCX, WDC, AMAT, TER
Communication Services leaders: LYV, NFLX, GOOG, ATVI
 
SPY up 4.28 at 400.61, on 99.6 million shares, average volume, up on lower volume.
VIX down 2.07 at 17.33
 
CRM, MSFT, V, DIS led the DJIA, 19 advancers, +10
FANG, MRO, DVN, HFC led the SPX, 379 advancers.
PDD, LRCX, WDC, AMAT led the NDX, 88 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 2,667 to 666 on the NYSE and led 3,211 to 1,005 on the NASDAQ.
 
The SPY MFC green line is pointed up and rose 6.4 to 92.6 and is bullish.  Price action is a resistance breakout new high.
 
 
Uptrend sectorsXLP, 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 TrendUp
 
88 of 100 NDX stocks closed higher on Thursday.
 
72 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, PAYX, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, WBA, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, BIIB, CDW, NXPI, SBUX, ADBE, ALXN, 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,
 
NDX Stocks to Watch on Monday:
Moving Above 30 DMA = 14
AAPL, AMD, AMZN, ATVI, AVGO, CPRT, FISV, INTU, MU, NFLX, QCOM, WDAY, WDC, XLNX,
 
 
Moving Below 30 DMA = 2
MAR, VRTX,
 
 
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