SPX Gives Back Wednesday's Bounce after Capital Gains Proposal...EFX, POOL, TSCO, T Rise after EPS...

  
© 2021
 
 
EFX, POOL, TSCO, T, DHR, RHI IQV, DGX, HCA and ALLE rose on Thursday after reporting better than expected earnings after the close on Wednesday or before the open this morning.
 
SNAP, +2.85, +5.00% at 59.90, drops after the close, but reverses to move higher in after-hours trading on better-than-expected revenues and earnings on Thursday.  


The DJI -321.41, -0.94%, closing at 33,815.  HD, GS, DOW and AMGN were the largest point decliners on Thursday.
 
NDX -172.79, -1.24%, closes at 13,762.
SPX -38.44, -0.92%, ended at 4,135.
 
TSLA -3.28%, a BO test/bull flag setup.
 
SPY = back to bull flag setup.
DIA = back to bull flag setup.
QQQ = back to bull flag setup.
IWM = channel bounce.
 
 
All eleven sectors were lower on Thursday, led by the least negative sectors XLRE, XLV and XLI.
 
Real Estate leaders: SBAC, PSA, CCI, EXR
Healthcare leaders: DHR, IQV, DGX, DXCM
Industrials leaders: EFX, RHI, ALLE, JBHT
 
SPY down 3.80 at 412.27, on 97.5 million shares, above average volume, down on higher volume. 
VIX up 1.21 at 18.71
 
CRM, MCD, V, MMM led the DJIA, 4 advancers, -22
EFX, POOL, TSCO, T led the SPX, 140 advancers.
LULU, PDD, NTES, DXCM led the NDX, 29 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: IWM, SPY, DIA, QQQ,
 
Advancers weakened on Thursday as decliners led 2,006 to 1,277 on the NYSE and led 2,148 to 2,028 on the NASDAQ.
 
The SPY MFC green line turned down at 91 and is counter-trend defensive.  SPY is a pulled back into a bull flag setup. 
 
 
Uptrend sectors:  XLP, XLI, XLY, XLK, XLB, XLRE, XLC, XLF, XLU, XLV, XLE,
Neutral sectors: 
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 a little
 
29 of 100 NDX stocks closed higher on Thursday.
 
70 NDX stocks are above their 30 DMA:   KHC, ADP, ORLY, CSCO, AEP, XEL, AMAT, EXC, FB, MDLZ, CTSH, SIRI, TXN, FAST, AMGN, DLTR, PEP, CSX, MNST, COST, ASML, CERN, CDW, SBUX, ADBE, GILD, LRCX, REGN, ROST, SWKS, VRSK, VRSN, EA, TMUS, ADSK, ALGN, ANSS, CDNS, GOOGL, ISRG, MSFT, MXIM, NVDA, SNPS, AAPL, AMZN, CPRT, FISV, INTU, CHKP, DXCM, PYPL, TSLA, MELI, ALXN, DOCU, IDXX, LULU, OKTA, MRNA, TEAM, INCY, VRTX, CHTR, NTES, PAYX, CTAS, KLAC, ILMN, ZM,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
ILMN, ZM,
 
Moving Below 30 DMA = 11
ADI, AMD, BIIB, EBAY, MCHP, NXPI, QCOM, SGEN, WBA, WDC, XLNX,
 
 
 
Add Comments here: