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QQQ and SPY finished at all-time closing highs on
Thursday. QQQ broke out and closed
above its resistance area of the past two weeks. SPY and DIA are HBO setups. The July Jobs Report will be an hour before
the open tomorrow morning.
SPY up 2.78 at 441.76, on 38.9 million shares, below average volume, up on lower volume.
VIX down .07 at 17.97
QQQ up 2.33, +0.63% at 369.67
CRM, AMGN, DIS, WMT led the DJIA, 27 advancers, +25
PENN, WYNN, AAL, RCL led the SPX, 356 advancers.
MELI, FOXA, BKNG, XLNX led the NDX, 62 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, QQQ, SPY,
Down:
SPY = All-time
closing high.
DIA = Bull
flag bounce, BO setup.
QQQ = All-time
closing high.
IWM = Mid-channel
bounce.
Nine
of eleven
sectors were higher on Thursday, led by XLF,
XLE and XLU.
Financial leaders: LNC,
SIVB, MET,
WLTW
Energy leaders: MRO,
DVN, FANG, MPC
Utilities leaders: ETR, CNP, ATO, EXC
Advancers strengthened on Thursday as advancers led 2,240 to 1,088 on the NYSE
and led 3,076 to 1,504 on the NASDAQ.
The SPY MFC green line
turned up at 91.2 and is bullish. SPY is an all-time closing high and a HBO.
Uptrend sectors: XLV, XLRE, XLK, XLY, XLP, XLC,
Neutral sectors: XLU, XLI, XLF, 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
62 of 100 NDX stocks
closed higher on Thursday.
70 NDX stocks are above their 30 DMA: PAYX, INTU, GOOGL,
IDXX, ILMN, SNPS, MRNA, REGN, DXCM, ADBE, DOCU, LULU, MSFT, TEAM, ISRG, ANSS,
CDNS, QCOM, SPLK, AAPL, CPRT, MELI, ADSK, CDW, COST, ORLY, VRSK, ADP, GILD, PEP,
SBUX, FAST, CHKP, CTAS, AMD, ALGN, CSCO, EXC, MRVL, HON, ASML, AVGO, CMCSA,
AEP, CTSH, VRTX, XEL, AAL, AMAT, EA, KLAC, XLNX, NXPI, TSLA, TXN, ZM,
CERN, CHTR, LRCX, SGEN, MCHP, NVDA, MU, FB, MXIM, OKTA, ZM, BKNG, CSX, FOXA,
MAR, SIRI,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 5
BKNG, CSX, FOXA, MAR, SIRI,
Moving Below 30 DMA = 1
PTON,
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