© 2021
QQQ, IWM and SPY opened lower on Thursday and traded in a range
until news of the bomb attack and deaths at the Kabul airport in Afghanistan,
after which markets fell and traded in a lower range closing near its lows for
the day.
FOMC Chairman Powell will address the Jackson Hole virtual
Conference, Friday morning at 10 am ET.
WSM +15.94, +9.34%, NTAP +3.88, +4.72%, CRM +6.94, +2.66% rose Thursday on positive earnings reactions.
SPY down 2.65 at 446.26, on 57.8 million shares, below average volume, down on higher volume.
VIX up 2.05, at 18.84
QQQ down 2.38, -0.64% at 372.42
CRM, JPM, MMM, HON led the DJIA, 4 advancers, -11
ETSY, NTAP, MCHP, CZR led the SPX, 101 advancers.
OKTA, MU, MCHP, PTON led the NDX, 25 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: DIA, SPY, QQQ, IWM,
SPY = One-day
pullback
DIA = Move
below the LOHD
QQQ = One-day
pullback
IWM = Move
below the LOHD
One of
eleven
sectors was higher on Thursday, led by XLRE.
Real Estate leaders: EQIX,
DRE, EQR, AVB
Advancers weakened on Thursday as decliners led 2,454 to 838 on the NYSE and led 2,836 to 1,585 on the NASDAQ.
The SPY MFC green line
is pointed up at 93.1 and is bullish. SPY is a day one pullback.
Uptrend sectors: XLK, XLV, XLC, XLU, XLP, XLRE, XLF,
XLY,
Neutral sectors: XLI, XLB,
Down trend sectors: XLE,
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: Sideways
25 of 100 NDX stocks
closed higher on Thursday.
58 NDX stocks are above their 30 DMA: INTU, GOOGL, ILMN, SNPS,
MRNA, REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST,
VRSK, AMD, ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, SGEN, MCHP,
CSX, FISV, MNST, GILD, WBA, BIIB, EBAY, CHKP, FAST, LULU, MRVL, NFLX, NVDA,
AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA, KLAC, TCOM, BKNG, HON, JD, OKTA, PDD, CRWD, ADI,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 1
ADI,
Moving Below 30 DMA = 11
ADSK, ANSS,
CPRT, CTAS, DLTR, DOCU, ORLY, PAYX, PTON, ROST, VRTX,
Add Comments
here:
No comments:
Post a Comment