QQQ New all-time Closing High, SPY Pauses as DIA, IWM Move Lower...

 
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The SPX traded in a range and formed a spinning top candle, finished near unchanged while the NDX bounced and broke out of resistance to a new all-time closing high.
 
The NDX rallied with a six-week re-breakout.
 
Semiconductor stocks, SMH bounced with a short-term re-breakout. 
 
DJI -265.66, -0.62%, closed at 33,823.  GS, CAT, JPM and TRV were the largest point decliners on Thursday.
NDX +180.80, +1.29%, closed at 14,163.
SPX -1.84, -0.03%, closed at 4,221.
 
TSLA +1.94%, channel bounce continuation.
 
 
SPY = BO test, re-BO setup.
DIA = Pullback continuation, channel bounce setup.
QQQ = Bounce and BO to new all-time closing high.
IWM = Bull flag setup.
 
Seven of eleven sectors were higher on Thursday, led by XLK, XLV and XLU.
 
Technology leaders: ENPH, AMD XLNX, PAYC
Health Care leaders: DHR, TMO, ABMD, CTLT
Utilities leaders: NRG, AWK, NEE, LNT
 
SPY down .14 at 421.97, on 90.9 million shares, above average volume, down on higher volume. 
VIX down .40 at 17.75
 
MSFT, AAPL, V, PG led the DJIA, 12 advancers, +8
ENPH, DHR, PAYC, NVDA led the SPX, 179 advancers.
TEAM, AMD, MTCH, XLNX led the NDX, 69 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ,
Down: SPY, DIA, IWM,
 
Advancers were mixed on Thursday as decliners led 2,152 to 1,159 on the NYSE and led 2,379 to 1,899 on the NASDAQ.
 
The SPY MFC green line turned down at 92.3 and is counter-trend defensive.  SPY pulled back for a third day after an all-time closing high on Monday. 
 
 
Uptrend sectors:  XLRE, XLC, XLK, XLV, XLE, XLP, XLU, XLI, XLF, XLB,
Neutral sectors:  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: Down a little
 
69 of 100 NDX stocks closed higher on Thursday.
 
69 NDX stocks are above their 30 DMA:  CERN, ALXN, TMUS, SGEN, PAYX, INTU, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, LRCX, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, INTC, KLAC, LULU, MSFT, TEAM, ALGN, AMZN, ISRG, ANSS, CDNS, CMCSA, PEP, QCOM, SPLK, AAPL, CPRT, CTAS, MELI, SWKS, BKNG, CDW, MTCH, WDAY, INCY, CHTR, COST, JD, MDLZ, NFLX, OKTA, TSLA, VRSK, VRSN,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 9
CHTR, COST, JD, MDLZ, NFLX, OKTA, TSLA, VRSK, VRSN,
 
Moving Below 30 DMA = 7
CSCO, EA, FOXA, MAR, MCHP, NXPI, WDC,
 
 
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