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SPX opened slightly higher and traded in a range on Thursday. Semiconductor stocks SMH broke through short-term resistance.
DJI +141.59, +0.41%, closed at 34,464. BA, HON, GS and CAT were the largest point gainers on Thursday.
SPX +4.89, +0.12%, closed at 4,200.
TSLA +1.89%, bounce continuation.
SPY = small bounce after BO test.
Six of eleven sectors were higher on Thursday, led by XLI, XLF and XLB.
Industrials leaders: GE, TDG, HWM, HON
Financial leaders: IVZ, UNM, SCHW, BEN
SPY up .22 at 419.29, on 56.7 million shares, below average volume, up on higher volume.
VIX down .62 at 16.74
BA, HON, WBA, JPM led the DJIA, 16 advancers, +0
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Advancers weakened on Thursday as advancers led 2,105 to 1,208 on the NYSE and led 2,809 to 1,469 on the NASDAQ.
The SPY MFC green line is pointed up at 72.1 and is bullish. SPY is a bounce continuation after a BO test.
Uptrend sectors: XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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
46 of 100 NDX stocks closed higher on Thursday.
53 NDX stocks are above their 30 DMA: COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, LULU, MAR, FOXA, MU, SIRI,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 2
EBAY, EXC,
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SPX opened slightly higher and traded in a range on Thursday. Semiconductor stocks SMH broke through short-term resistance.
DJI +141.59, +0.41%, closed at 34,464. BA, HON, GS and CAT were the largest point gainers on Thursday.
SPX +4.89, +0.12%, closed at 4,200.
TSLA +1.89%, bounce continuation.
SPY = small bounce after BO test.
Six of eleven sectors were higher on Thursday, led by XLI, XLF and XLB.
Industrials leaders: GE, TDG, HWM, HON
Financial leaders: IVZ, UNM, SCHW, BEN
SPY up .22 at 419.29, on 56.7 million shares, below average volume, up on higher volume.
VIX down .62 at 16.74
BA, HON, WBA, JPM led the DJIA, 16 advancers, +0
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Advancers weakened on Thursday as advancers led 2,105 to 1,208 on the NYSE and led 2,809 to 1,469 on the NASDAQ.
The SPY MFC green line is pointed up at 72.1 and is bullish. SPY is a bounce continuation after a BO test.
Uptrend sectors: XLRE, XLP, XLC, XLV, XLF, XLB, XLE, XLI, XLU, XLK, XLY,
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
46 of 100 NDX stocks closed higher on Thursday.
53 NDX stocks are above their 30 DMA: COST, CERN, VRSN, ALXN, CHTR, MDLZ, KHC, PEP, TMUS, SGEN, CSCO, PAYX, INTU, WDC, TCOM, NTES, ATVI, FB, MXIM, ADI, ADP, CPRT, FAST, GOOGL, IDXX, ILMN, MRVL, NXPI, ZM, ALGN, NVDA, PTON, ADSK, AMAT, ASML, AVGO, CMCSA, CTAS, EA, KLAC, LRCX, MCHP, SNPS, TXN, ADBE, MRNA, PYPL, TEAM, LULU, MAR, FOXA, MU, SIRI,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 2
EBAY, EXC,
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1 comment:
Thank you, Dave! I’ll be taking profits early in the going today. (Friday)
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