SPX, SPY Break Out to an All-time Closing High, NDX, QQQ Nearing All-time High...

 
 
© 2021
 
After rising just 0.54% over the prior eleven trading days and trading sideways at resistance for the last four days, the SPX finally had the buying power to break above its May 7 high and close at a new all-time high.
 
Semiconductor stocks, SMH opened flat and rose above Wednesday’s high in its nine-day trading range. 
 
DJI +19.10, +0.06%, closed at 34,466.  AMGN, CRM, MSFT and MCD were the largest point gainers on Thursday.
NDX +145.40, +1.05%, closed at 13,960.
SPX +19.63, +0.47%, closed at 4,239.
 
TSLA +1.89%, channel bounce.
 
SPY = Breakout, all-time closing high.
DIA = Ten-day trading channel at support.
QQQ = Channel bounce less than $3 from its all-time high.
IWM = Channel bounce down.
 
Seven of eleven sectors were higher on Thursday, led by XLV, XLRE and XLK.
 
Health Care leaders: ALGN, RMD, ILMN, PRGO
Real Estate leaders: PLD, DLR, AVB, EQR
Technology leaders: NOW, ENPH, ADBE, FFIV
 
SPY up 1.96 at 423.61, on 51.0 million shares, below average volume, up on higher volume. 
VIX down 1.79 at 16.10
 
WBA, MRK, AMGN, CSCO led the DJIA, 20 advancers, +13
NOW, ENPH RMD, ILMN led the SPX, 280 advancers.
ALGN, MELI, ADBE, ZM led the NDX, 82 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
Advancers were mixed on Thursday as advancers led 1,767 to 1,557 on the NYSE and led 2,292 to 2,039 on the NASDAQ.
 
The SPY MFC green line is pointed up at 95.2 and is bullish.  SPY is a horizontal BO to an all-time closing high. 
 
 
Uptrend sectors:  XLRE, XLC, XLF, XLE, XLI, XLP, XLB, XLK, XLY, XLV, XLU,
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: Up a little
 
82 of 100 NDX stocks closed higher on Thursday.
 
69 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INCY, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AMZN, FOXA, ISRG, VRTX, AMGN, ANSS, BKNG, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, VRSN, WBA,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 14
AMGN, ANSS, BKNG, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, VRSN, WBA,
 
 
Moving Below 30 DMA = 2
AAPL, PCAR,
 
                                                                                                                   
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