© 2021
SPX, NDX, RUT opened higher, closed higher and each is forming a bull flag setup after three days of pull back.
RIVN +22.26, +22.10% second trading day.
Monday: RUT, DJIA, SPX all-time closing high
Tuesday: TSLA Selloff, Flag pullbacks
Wednesday: CPI report BMO, higher than expected, futures pulled back.
Thursday: Veteran’s Day,
SPX closed at 4,649, and NDX closed at 16,032
SPY up .15 at 463.77, on 34.8 million shares, lightest daily volume of 2021, below average volume, up on lower volume.
VIX down 1.07 at 17.66
WBA, DOW, CRM, CAT led the DJIA, 12 advancers, -0
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY,
SPY = three -day bull flag
DIA = three -day bull flag
QQQ = four-day bull flag
IWM = three -day bull flag
Five of eleven sectors were higher on Thursday, led by XLB, XLK and XLE.
Basic Materials leaders: FCX, EMN, NUE, ALB
Energy leaders: SWN, CTRA, WMB, APA
Advancers strengthened on Thursday as advancers led 1,887 to 1,437 on the NYSE and led 2,785 to 1,841 on the NASDAQ.
The SPY MFC green line is pointed down at 90.5 and is counter-trend defensive. SPY is a bull flag.
Uptrend sectors: XLY, XLK, XLB, XLI, XLP, XLRE, XLE, XLF, XLV,
Down trend sectors:
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: Down
52 of 100 NDX stocks closed higher on Thursday.
74 NDX stocks are above their 30 DMA: TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, SPLK, AMD, CRWD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, CSCO, GOOGL, REGN, ASML, ADI, AMAT, CDW, HON, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, AMGN, KHC, LRCX, MCHP, MU, AMZN, VRTX, WBA, MNST, ORLY, BKNG, MELI, GILD, BIDU, EA, JD, NFLX, PDD, TCOM,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 5
AEP, CMCSA, MAR, SBUX, XEL,
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1 comment:
Thank you, Dave!
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