RUT Leads Thursday's Rally...Financial, Industrials Lead Sectors

  
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The SPX closed at 4,577 and the NDX closed at 15,990.
 
Jobs Report for November will be released at 8:30 am ET Friday morning.
 
 
SPY up 6.90 at 457.40, on 127.6 million shares, above average volume, up on lower volume.  
VIX down 3.17 at 27.95
QQQ up 2.79, +0.79% at 389.91
 
BA, AXP, V, CRM led the DJIA, 23 advancers, +16
KR, DAL, CCL, CZR led the SPX, 454 advancers.
OKTA, MAR, CHTR, CDNS led the NDX, 73 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: IWM, DIA, SPY, QQQ,
Down:
 
SPY = channel bounce
DIA = channel bounce
QQQ = channel bounce
IWM = channel bounce
 
All eleven sectors were higher on Thursday, led by XLF, XLI and XLE.
 
Financial leaders: SIVB, FITB, CMA, SCHW
Industrials leaders: DAL, BA, AAL, ALK
Energy leaders: HES, VLO, SWN, FTI
 
Advancers strengthened on Thursday as advancers led 2,525 to 868on the NYSE and led 3,053 to 1,615 on the NASDAQ.
 
The SPY MFC green line is pointed down at 41.7 and is short term bearish.  SPY closed at last Friday’s low. 
 
 
Uptrend sectors:  XLK, XLY, XLRE, XLE, XLF, XLV,
Neutral sectors:  XLP, XLU, XLB, XLI,
Down trend sectors: XLC,
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Down
 
73 of 100 NDX stocks closed higher on Thursday.
 
35 NDX stocks are above their 30 DMA:  DLTR, NTES, VRSK, XLNX, AMD, AVGO, NVDA, AAPL, COST, INTU, QCOM, REGN, KLAC, NXPI, PTON, VRSN, LRCX, MCHP, MU, JD, GILD, MRNA, VRTX, ADBE, ADP, ANSS, CDNS, CDW, CSCO, FAST, INCY, ORLY, SNPS, TXN, XEL,
 
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 12
ADBE, ADP, ANSS, CDNS, CDW, CSCO, FAST, INCY, ORLY, SNPS, TXN, XEL,
 
Moving Below 30 DMA = 2
AMAT, TSLA,
 
 
 
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