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SPY, QQQ, DIA rallied after a flat open but reversed mid-day and closed lower
on Thursday. QQQ and SPY are
bull flag setups.
Stocks were generally lower for a third day, but many stocks like MRNA,
WLTW, NTAP and KLAC had solid gains.
SPX closed below 4,500 for the first time in nine days and NDX
closed below 15,600.
AFRM +19.06, +20.70% jumped in after-hours on a positive EPS reaction.
SPY down 1.95 at 448.98, on 57.9 million shares, above average volume, down on higher volume.
VIX up .84 at 18.80
QQQ down 1.31, -0.34% at 379.47
NKE, BA, JPM, DIS led the DJIA, 7 advancers, -7
AAL, WLTW, UAA, DAL led the SPX, 189 advancers.
LULU, PTON, MRNA, KLAC led the NDX, 31 advancers.
The two-year trend term is up. The one-year trend is up.
Up:
Down: IWM, QQQ, DIA, SPY,
SPY =
Bull flag setup
DIA = Channel
bounce setup
QQQ = Bull
flag setup
IWM = Mid-channel
BO setup, bull flag
Three
of eleven
sectors were higher on Thursday, led by XLF,
XLE and XLB.
Financial leaders: WLTW, SYF, ZION, AON
Energy leaders: BKR,
PXD, MRO, FANG
Basic Materials leaders: PPG,
ALB, MOS, FCX
Advancers were mixed on Thursday as decliners led 1,656 to 1,621
on the NYSE and advancers led
2,351
to 2,053
on the NASDAQ.
The SPY MFC green line
is pointed down at 86 and is counter-trend defensive. SPY
is a bull flag setup.
Uptrend sectors: XLY, XLK, XLV, XLC, XLRE, XLU, XLP, XLF,
Neutral sectors: XLI, XLB,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The
ten-day trend is sideways.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Down
31 of 100 NDX stocks
closed higher on Thursday.
57 NDX stocks are above their 30 DMA: INTU, GOOGL, ILMN, SNPS,
REGN, DXCM, ADBE, MSFT, TEAM, ISRG, CDNS, QCOM, SPLK, MELI, CDW, COST, VRSK,
ALGN, CSCO, EXC, ASML, CMCSA, CTSH, XLNX, CHTR, MCHP, FISV, WBA, EBAY, NFLX,
NVDA, AAPL, FB, TSLA, AVGO, EA, KLAC, TCOM, BKNG, JD, OKTA, PDD, CRWD, ANSS, AMZN,
PYPL, VRSN, BIDU, MRNA, MTCH,
AEP, CTAS, SBUX, XEL, ADI, LULU, MRVL,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 3
ADI, LULU, MRVL,
Moving Below 30 DMA = 7
CPRT, GILD, IDXX, INTC, KDP, MNST,
PEP,
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