IWM, DIA, QQQ, SPY Gap Up and Close Higher...NTES, PDD Lead NDX...Discretionary, Health Care, Materials Lead Sectors...

 
 
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QQQ, SPY and DIA gapped higher and closed higher.  A late pullback saw the ETFs close below their daily highs, well above their Wednesday close. 
 
Weekly Jobless Claims were 140K below consensus.  It appears that democratic and republican senators have agreed on a plan to raise the debt ceiling.  
 
The September Jobs Report will be released Friday morning BMO and earnings season starts next Wednesday BMO on October 13 with JPM reporting.
    
 
SPX closed at 4,399 and NDX closed at 14,897.
 
SPY up 3.76 at 438.66, on 72.4 million shares, below average volume, up on lower volume.  
VIX down 1.46 at 19.54
QQQ up 3.30, +0.92% at 362.97
 
 
UNH, DOW, HD, NKE led the DJIA, 26 advancers, +6
FCX, F, PENN, GM led the SPX, 390 advancers.
NTES, PDD, JD, BIDU led the NDX, 80 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, QQQ, SPY, DIA,
Down:
 
SPY = MACD divergence bounce trigger
DIA = MACD divergence bounce trigger
QQQ = MACD divergence bounce trigger
IWM = channel bounce up
 
Ten of eleven sectors were higher, on Thursday, led by XLY, XLV and XLB.
 
Consumer Discretionary leaders: ED, NEE, PNW, D
Health Care leaders: PEP, HSY, MDLZ, CHD
Basic Materials leaders: PSA, SBAC, WELL, DLR
 
Advancers strengthened on Thursday as advancers led 2,328 to 983 on the NYSE and led 3,215 to 1,328 on the NASDAQ.
 
The SPY MFC green line is pointed up at 26.7 and is bullish.  SPY is a MACD divergence bounce trigger up from short-term 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 a little.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
 
80 of 100 NDX stocks closed higher on Thursday.
 
27 NDX stocks are above their 30 DMA:  NFLX, TSLA, BKNG, MTCH, MAR, FOXA, SGEN, TCOM, KHC, DLTR, PAYX, ADP, CSX, INTC, ORLY, SIRI, TEAM, TXN, CTAS, MRVL, NTES, PEP, VRSK, AMD, EBAY, KDP, XLNX,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 4
AMD, EBAY, KDP, XLNX,
 
Moving Below 30 DMA = 0
 
 
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