IWM, DIA, SPY and QQQ Open and Close Higher Again...CRM, AXP Lead DJI...Energy, Financial, Industrials Lead Sectors...

 
 
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Futures rallied overnight and stock indexes opened higher on Thursday morning.  Index ETFs IWM, DIA, SPY and QQQ trended higher throughout the day and closed higher.
 
SPX closed above 4,400 and NDX closed above 15,300.
 
NKE -6.26, -3.92% fell and COST 3.52, +0.78% rose in after-hours trading on EPS reactions.
 
 
SPY up 5.32 at 443.18, on 76.3 million shares, above average volume, up on lower volume.  
VIX down 2.24 at 18.63
QQQ up 3.41, +0.92% at 372.98
 
 
CRM, AXP, JPM, CAT led the DJIA, 27 advancers, +2
DVN, APA, SLB, DRI led the SPX, 429 advancers.
MAR, MRNA, BKNG, INTU led the NDX, 88 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = channel bounce continuation
DIA = channel bounce continuation
QQQ = channel bounce continuation
IWM = channel bounce continuation
 
Nine of eleven sectors were higher on Thursday, led by XLE, XLF and XLI.
 
Energy leaders: DVN, APA, SLB, MRO
Financial leaders: SIVB, SCHW, RJF, CFG
Industrials leaders: GE, ALK, UAL, LUV
 
Advancers were mixed on Thursday as advancers led 2,137 to 1,132 on the NYSE and led 3,296 to 1,207 on the NASDAQ.
 
The SPY MFC green line is pointed down at 32.3 and is short-term bearish.  SPY is a bounce continuation at short-term support. 
 
 
Uptrend sectors:  XLY, XLK, XLC, XLRE, XLF, XLP, XLU, XLV,
Neutral sectors:  XLI, XLB,
Down trend sectors: XLE,
 
The 6-month intermediate trend is up.  The ten-day trend is down.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
88 of 100 NDX stocks closed higher on Thursday.
 
53 NDX stocks are above their 30 DMA:  INTU, ILMN, DXCM, TEAM, CDNS, QCOM, VRSK, ALGN, ASML, MCHP, NFLX, TSLA, AVGO, KLAC, BKNG, OKTA, MRNA, MTCH, ADI, LULU, AMAT, TXN, MAR, ISRG, ORLY, FOXA, SGEN, BIDU, MRVL, PDD, TCOM, AMZN, CPRT, CRWD, CTAS, EXC, JD, LRCX, MELI, MRVL, MSFT, MU, NVDA, NXPI, XLNX, CTSH, GILD, GOOGL, IDXX, INTC, ISRG, SNPS, SPLK, VRSN,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 9
CTSH, GILD, GOOGL, IDXX, INTC, ISRG, SNPS, SPLK, VRSN,
 
Moving Below 30 DMA = 0
 
 
 
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