NDX All-time Closing High as Trend Bounce Continues...Technology Leads Sectors...SNAP Jumps After-hours on EPS and FB, GOOGL Rise in Sympathy...

 
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NDX hit a new all-time closing high as the SPX continued to rally on Thursday.  The DJI traded in a range and closed slightly higher while the RUT pulled back.
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Earnings season continues Friday with AXP, HON, KMB, NEE, RF, ROP, SLB reporting BMO.
 
Earnings reactions through Thursday:
Positive (1%+):  PEP, WFC, TFC, UNH, USB, STT, IBM, JBHT, ZION, DOV, HAL, HCA, KEY, SYF, CMG, UAL, CMA, IPG, KO, NDAQ, NTRS, CSX, DGX, DHR, DOW, DPZ, MMC, NUE, UNP,
Neutral/Negative:  FRC, JPM, GS, CAG, FAST, BAC, BLK, C, DAL, PNC, PGR, KSU, SCHW, PLD, TSCO, PPG, OMC, PM, TRV, ANTM, BKR, JNJ, MKTX, MTB, NFLX, STX, VZ, CCI, DFS, EFX, FTI GL, KMI, LVS, TXN, WHR, AAL, ABT, AEP, ALLE, ALK, DHI, FCX, FITB, GPC, LUV, NEM, POOL, SNA, T,
AMC Thursday: CE, COF, FE, INTC, RHI, SIVB, TWTR, VRSN, WRB, SNAP,
Up from Initial Reaction:  CTAS, MS, BK, ISRG, NVR,
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Semiconductor stocks, SMH -0.60%, channel bounce pause.
 
DJI +25.35, +0.07%, closed at 34,823.  GS, BA, AXP and CVX were the largest point gainers on Thursday.
NDX +97.53, +0.66%, closed at 14,940. 
SPX +8.79, +0.20%, closed at 4,367. 
 
TSLA -0.92%, a channel bounce pause.
 
SPY = Bounce continuation.
DIA = Bounce continuation.
QQQ = All-time closing high.
IWM = Bounce pause.
 
Six of eleven sectors were higher on Thursday, led by XLK, XLV and XLY.
 
Technology leaders: CRM, FTNT, ADSK AMD
Health Care leaders: DHR, ISRG, HOLX, PKI
Consumer Discretionary leaders: DPZ, EBAY, ETSY, YUM
 
 
SPY up .91 at 435.46, on 47.8 million shares, below average volume, up on lower volume.  
VIX down .22 at 17.69
 
CRM, MSFT, NKE, DOW led the DJIA, 14 advancers, -11
DPZ, FE, CSX, DHR led the SPX, 197 advancers.
CSX, LULU, EBAY, ISRG led the NDX, 61 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,  
Down: IWM,
 
Advancers weakened on Thursday as decliners led 2,259 to 1,019 on the NYSE and led 2,865 to 1,556 on the NASDAQ.
 
The SPY MFC green line turned up at 72.2 and is bullish.  SPY is a channel bounce continuation. 
 
 
Uptrend sectors:  XLRE, XLV, XLP, XLK, XLC, XLY,
Neutral sectors:  XLI, XLF, XLU, XLB, XLE,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up a little.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
61 of 100 NDX stocks closed higher on Thursday.
 
68 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, IDXX, ILMN, SNPS, MRNA, PYPL, EBAY, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, AMZN, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, CPRT, MELI, TSLA, VRSN, ADSK, CDW, COST, ORLY, SWKS, VRSK, ADP, AMGN, GILD, PEP, SBUX, FAST, CHKP, MDLZ, NTES, MNST, CHTR, CTAS, AMD, OKTA, PTON, ALGN, CSCO, EXC, MRVL, HON, AMAT, ASML, AVGO, CMCSA, FB, FISV, JD, KLAC, LRCX, MTCH, NVDA, WDAY, XLNX, AEP, CSX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
AEP, CSX,
 
Moving Below 30 DMA = 4
MAR, ROST, SIRI, TXN,
 
 
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