DJI, Another All-time Closing High as Late Rally Lifts DIA, SPY, QQQ & IWM...

  
© 2021
 

Thursday Earning Reactions:
Up – ROKU, EXPE, MCHP DBX, YELP, IRM, K, LUMN, ALL, FRT, RUN, ZNGA, FOXA 
Down – MNST, SHAK, BYND, ETSY, UBER, FSLY, TWLO, CTSH
 
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Indexes opened flat Thursday morning traded in a range until a final hour rally carried the DJI to an all-time closing high and SPY, QQQ and IWM bounced ending higher for the day.
 
DJI +318.19, +0.93%, closes at 34,548.  GS, HD, MSFT, and IBM were the largest point gainers on Thursday.
NDX +110.36, +0.82%, closed at 13,613.
SPX +34.03, +0.07%, closed at 4,201.               
 
TSLA -1.10%, traded at short-term support.
 
SPY = bull flag bounce.
DIA = all-time New High.
QQQ = channel bounce setup.
IWM = bull flag setup in a channel.
 
All eleven sectors were higher on Thursday, led by XLF, XLP and XLC.
 
Financial leaders: ALL, LNC, MS, AIG
Consumer Staples leaders: K, TAP, KR, GIS
Communication Services leaders: LUMN, TMUS, FOXA, ATVI
 
SPY up 3.32 at 419.07, on 74.3 million shares, average volume, up on higher volume. 
VIX down .76 at 18.39
 
CSCO, GS, IBM, JPM led the DJIA, 27 advancers, +9
IRM, K, LUMN, TAP led the SPX, 378 advancers.
TMUS, FOXA, REGN, ATVI led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: DIA, SPY, QQQ, IWM,
Down:
 
Advancers were similar on Thursday as advancers led 1,823 to 1,484 on the NYSE and decliners led 2,443 to 1,812 on the NASDAQ.
 
The SPY MFC green line is pointed down at 90.4 and is counter-trend defensive.  SPY was a bull flag bounce. 
 
 
Uptrend sectors:  XLF, XLI, XLB, XLRE, XLP, XLY, XLV, XLU, XLC, XLK, XLE,
Neutral sectors: 
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is sideways.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Sideways
 
73 of 100 NDX stocks closed higher on Thursday.
 
44 NDX stocks are above their 30 DMA:   ORLY, AEP, XEL, FB, FAST, CSX, COST, CERN, SBUX, ROST, VRSN, GOOGL, ISRG, CPRT, CHKP, ALXN, IDXX, MRNA, CHTR, NTES, TCOM, MDLZ, CMCSA, KHC, PEP, ADP, BIIB, CTAS, GILD, PAYX, WBA, ASML, MXIM, TMUS, AAPL, ALGN, AMGN, AMZN, CSCO, EA, FOXA, PCAR, REGN, WDC,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 10
AAPL, ALGN, AMGN, AMZN, CSCO, EA, FOXA, PCAR, REGN, WDC,
 
Moving Below 30 DMA = 2
CTSH, LULU,
 
 
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