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QQQ, SPY made an all-time closing high while DIA and IWM closed lower on a mixed day of trading.
RIVN -22.69, -15.53% pulled back for a second day. RIVN traded more than 460,000 contracts on its third day of options trading.
Monday: trading range
Tuesday: Retails Sales beat consensus, HD, positive EPS reaction, WMT negative EPS reaction,
Wednesday: LOW, TJX positive EPS reaction,
Thursday: NVDA positive EPS reaction, CSCO negative EPS reaction, INTU, AMAT, ROST eps AMC
SPX closed at 4,704 and NDX closed at 16,482
SPY up 1.59 at 469.73, on 50.6 million shares, below average volume, up on higher volume.
VIX up .48 at 17.59
AAPL, HD, WMT, MSFT led the DJIA, 11 advancers, +4
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY,
SPY = BO setup
DIA = eight-day bull flag pattern
QQQ = Horizontal breakout, new high close
IWM = eight-day bull flag pattern
Three of eleven sectors were higher on Thursday, led by XLY, XLK and XLV.
Consumer Discretionary leaders: BBWI, GPS, AMZN, ETSY
Health Care leaders: MRNA, CVS, HUM, ZTS
Advancers were mixed on Thursday as decliners led 2,198 to 1,166 on the NYSE and led 3,171 to 1,495 on the NASDAQ.
The SPY MFC green line is pointed up at 94.7 and is bullish. SPY is a BO setup and a new high close.
Uptrend sectors: XLK, XLB, XLI, XLY, 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: Up a little
50 of 100 NDX stocks closed higher on Thursday.
66 NDX stocks are above their 30 DMA: TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, GOOGL, REGN, ASML, ADI, AMAT, CDW, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, LRCX, MCHP, MU, AMZN, VRTX, MNST, ORLY, JD, NFLX, FB, GILD, XEL, HON, SBUX, TXN,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 3
CSCO, CMCSA, PCAR,
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QQQ, SPY made an all-time closing high while DIA and IWM closed lower on a mixed day of trading.
RIVN -22.69, -15.53% pulled back for a second day. RIVN traded more than 460,000 contracts on its third day of options trading.
Monday: trading range
Tuesday: Retails Sales beat consensus, HD, positive EPS reaction, WMT negative EPS reaction,
Wednesday: LOW, TJX positive EPS reaction,
Thursday: NVDA positive EPS reaction, CSCO negative EPS reaction, INTU, AMAT, ROST eps AMC
SPX closed at 4,704 and NDX closed at 16,482
SPY up 1.59 at 469.73, on 50.6 million shares, below average volume, up on higher volume.
VIX up .48 at 17.59
AAPL, HD, WMT, MSFT led the DJIA, 11 advancers, +4
The two-year trend term is up. The one-year trend is up.
Up: QQQ, SPY,
SPY = BO setup
DIA = eight-day bull flag pattern
QQQ = Horizontal breakout, new high close
IWM = eight-day bull flag pattern
Three of eleven sectors were higher on Thursday, led by XLY, XLK and XLV.
Consumer Discretionary leaders: BBWI, GPS, AMZN, ETSY
Health Care leaders: MRNA, CVS, HUM, ZTS
Advancers were mixed on Thursday as decliners led 2,198 to 1,166 on the NYSE and led 3,171 to 1,495 on the NASDAQ.
The SPY MFC green line is pointed up at 94.7 and is bullish. SPY is a BO setup and a new high close.
Uptrend sectors: XLK, XLB, XLI, XLY, 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: Up a little
50 of 100 NDX stocks closed higher on Thursday.
66 NDX stocks are above their 30 DMA: TSLA, SGEN, DLTR, PAYX, ADP, CSX, TEAM, CTAS, MRVL, NTES, PEP, VRSK, XLNX, AMD, MSFT, WDAY, ADSK, ANSS, AVGO, CPRT, CTSH, EXC, NVDA, AAPL, ADBE, COST, INTU, LULU, CDNS, DXCM, QCOM, AEP, ISRG, MDLZ, SNPS, GOOGL, REGN, ASML, ADI, AMAT, CDW, KDP, KLAC, NXPI, PTON, ROST, SIRI, CERN, OKTA, VRSN, ALGN, LRCX, MCHP, MU, AMZN, VRTX, MNST, ORLY, JD, NFLX, FB, GILD, XEL, HON, SBUX, TXN,
NDX Stocks to Watch on Friday:
Moving Below 30 DMA = 3
CSCO, CMCSA, PCAR,
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