QQQ Leads as SPY, QQQ make New All-time High...AAPL, MSFT, TSLA Bounce...Health Care, Tech Lead Sectors...

 
 
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Light volume continued on Thursday, and both SPX/SPY and DJI/DIA and made new all-time closing highs. 
 
 
SPY up 1.33, at 445.11, on 38.9 million shares, below average volume, up on lower volume.  
VIX down .47 at 15.59
QQQ up 1.32, +0.36% at 367.53
 
 
CRM, AAPL, MRK, MSFT led the DJIA, 16 advancers, -9
COO, IT, J, PENN led the SPX, 234 advancers.
ALGN, AAPL, TSLA, CTSH led the NDX, 44 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY, DIA,
Down: IWM,
 
SPY = All-time high.
DIA = All-time high.
QQQ = Bull flag and re-BO setup.
IWM = Mid-channel pause.
 
Seven of eleven sectors were higher on Thursday, led by XLV, XLK and XLRE.
 
Health Care leaders: COO, ALGN, BDX, CRL
Technology leaders: IT, CRM, FTNT, AAPL
Real Estate leaders: SBAC, AMT, PSA, PLD,
 
 
Advancers weakened on Thursday as decliners led 1,764 to 1,514 on the NYSE and led 2,616 to 1,781 on the NASDAQ.
 
The SPY MFC green line is flat at 97.9 and is bullish.  SPY made a new all-time closing high. 
 
 
Uptrend sectors:  XLF, XLU, XLP, XLRE, XLK, XLC, XLV, XLY,
Neutral sectors:  XLI, XLB, XLE,
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
 
44 of 100 NDX stocks closed higher on Thursday.
 
63 NDX stocks are above their 30 DMA:  PAYX, INTU, GOOGL, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, LULU, MSFT, TEAM, ISRG, ANSS, CDNS, QCOM, SPLK, AAPL, MELI, ADSK, CDW, COST, VRSK, ADP, PEP, FAST, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA, AEP, CTSH, XEL, KLAC, XLNX, ADI, NXPI, TSLA, CHTR, SGEN, MCHP, FB, CSX, FOXA, FISV, MNST, BKNG, DLTR, GILD, ROST, WBA, BIIB, CERN, DOCU, IDXX, NVDA, WDAY,
 
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
DOCU, IDXX, NVDA, WDAY,
 
Moving Below 30 DMA = 3
CPRT, MXIM, ORLY,
 
 
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