© 2021
SPY made a new all-time closing high and QQQ pulled back 18
cents after an all-time high on Wednesday.
Stocks generally rose after new jobless claims came in lower than
expected. SPX closed above 4,500
for the fifth day and NDX closed above 15,600.
The August Jobs Report will be out Friday BMO at 8:30 am ET.
Markets are closed Monday for Labor Day.
ADSK -15.77, -5.20%, dropped
after several analysts lowered their price target on the stock.
SPY up 1.39 at 453.19, on 42.8 million shares, below average volume, up on lower volume.
VIX up .30, at 16.41
QQQ down .18, -0.05% at 380.40
WBA, CVX, CAT, UNH led the DJIA, 24 advancers, +13
PWR, COG, OXY, BAX led the SPX, 376 advancers.
MTCH, DLTR, OKTA, ASML led the NDX, 61 advancers.
The two-year trend term is up. The one-year trend is up.
Up: IWM, DIA, SPY,
Down: QQQ,
SPY = New
all-time closing high
DIA =
Channel bounce
QQQ = Pause
after Wednesday all-time closing high
IWM = BO
continuation mid channel
Eight of
eleven
sectors were higher on Thursday, led by XLE,
XLI and XLV.
Energy leaders: COG, OXY, APA, MRO
Industrials leaders: PWR,
GNRC, GE, ODFL
Healthcare leaders: BAX,
CTLT, VTRS, ANTM
Advancers were higher on Thursday as advancers led 2,134 to 1,122 on the NYSE
and led 2,824 to 1,623 on the NASDAQ.
The SPY MFC green line
turned up at 96 and is bullish. SPY made an all-time closing high.
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: Up a little
61 of 100 NDX stocks
closed higher on Thursday.
72 NDX stocks are above their 30 DMA: INTU, GOOGL, ILMN, SNPS,
REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK, AMD,
ALGN, CSCO, EXC, ASML, CMCSA, AEP, CTSH, XLNX, CHTR, MCHP, FISV, MNST, GILD,
WBA, EBAY, CHKP, FAST, MRVL, NFLX, NVDA, AAPL, FB, FOXA, NXPI, TSLA, AVGO, EA,
KLAC, TCOM, BKNG, JD, OKTA, PDD, CRWD, ANSS, CPRT, CTAS, INTC, KDP, AMZN,
PYPL, VRSN, INCY, NTES, PEP, BIDU, MRNA, XEL, HON, IDXX, MTCH, SIRI, TXN, VRTX,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 6
HON, IDXX, MTCH, SIRI, TXN,
VRTX,
Moving Below 30 DMA = 2
QCOM, SGEN,
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