Higher Open, Lower Close as Selling Increases into the Close...All Sectors Mover Lower...

 
 
© 2021
 
Futures moved higher overnight and IWM, QQQ, DIA and SPY opened higher and began to reverse about 30 minutes after the open.  The SPX dropped about 30 points, in the final 30 minutes and finished 51.92 points lower. 
 
SPX closed at 4,307 and NDX closed at 14,689.
 
SPY down 5.31 at 429.14, on 140.5 million shares, above average volume, down on higher volume.  
VIX up .58 at 23.14
QQQ down 1.32, -0.37% at 357.96
 
 
CRM, MRK led the DJIA, 2 advancers, -16
EA, MTCH, GCI, AMD led the SPX, 43 advancers.
SPLK, NTES, PAYX, TCOM led the NDX, 33 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up:
Down: QQQ, IWM, SPY, DIA,
 
SPY = MACD setup at short-term support
DIA = MACD setup at intermediate-term support
QQQ = MACD setup just below short-term support
IWM = channel bounce down continuation at mid-channel
 
All eleven sectors were lower, on Thursday, led by XLC, XLK and XLU.
 
Communication Services leaders: EA, MTCH, GCI, NFLX
Technology leaders: PAYX, AMD, XLNX, HPE, FTNT
Utilities leaders: NEE, NI
 
Advancers weakened on Thursday as decliners led 2,154 to 1,215 on the NYSE and decliners led 2,434 to 2,143 on the NASDAQ.
 
The SPY MFC green line turned down at 31.4 and is short-term bearish.  SPY is a MACD divergence setup with a large red candle closing at support. 
 
 
Uptrend sectors:  XLF, XLK, XLV, XLY,
Neutral sectors:  XLE, XLC, XLP, XLU, XLRE, XLI, XLB,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
33 of 100 NDX stocks closed higher on Thursday.
 
16 NDX stocks are above their 30 DMA:  TEAM, NFLX, TSLA, BKNG, MTCH, TXN, MAR, ORLY, FOXA, SGEN, TCOM, KHC, DLTR, DXCM, EA, PAYX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 2
EA, PAYX,
 
Moving Below 30 DMA = 1
VRSK,
 
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